December 13, 2000 (NewsTraders.com) – Deutsche Banc Alex. Brown's recently hired real estate analyst, Lou Taylor, picked up coverage of the industry today for the brokerage firm, doling out ratings to 39 REITs.Taylor, formerly at Prudential Securities, will...

December 13, 2000LONG BEACH, Calif. – Camden Property Trust(NYSE: CPT) is beginning construction at The Park at Harbour View, a $120 million multifamily development in Long Beach, Calif. The project, on Ocean Boulevard at Pine Avenue, will consist...

December 12, 2000 VANCOUVER, B.C. – In order to avoid a conflict of interest, William A. Scully, a partner of Apollo Real Estate Advisors, has resigned as a director of Imperial Parking Corp. (AMEX:IPK).Apollo's Investment Fund II LP...

December 12, 2000 ROSELAND, N.J. – Chelsea GCA Realty Inc. (NYSE:CCG) is changing its name to Chelsea Property Group Inc., effective Jan. 1.As a result, the New York Stock Exchange will begin using the company's new trading symbol,...

December 12, 2000 Commercial Real Estate Direct Staff ReportAn affiliate of The Rubenstein Co. has lined up a $47 million fixed-rate mortgage to refinance Plymouth Meeting Executive Campus, a 360,250-square-foot office property in the Philadelphia suburb of Plymouth...

December 12, 2000 CRANFORD, N.J. – Mack-Cali Realty Corp. (NYSE:CLI) has over the last four months purchased 1.5 million shares of its common stock at a total cost of $40.7 million. The shares were bought on the open...

December 12, 2000 (NewsTraders.com) – Capstead Mortgage Corp. (NYSE:CMO) director Howard Rubin bought about 180,000 shares of the mortgage investment from Nov. 2 to Nov. 28, according to a regulatory filing released yesterday.Rubin paid per-share prices ranging from...

December 12, 2000 ATLANTA – An investment fund sponsored by Shoptaw & Garrard has received $79.5 million of mortgage debt to refinance 12 loans on six apartment properties in Georgia, Florida, Tennessee and South Carolina. Fannie Mae provided...

December 12, 2000 Boca Raton-based company to build $20 Mln HQBoca Raton News, December 12BOCA RATON – Oc? Printing Systems USA is planning a $20-million headquarters in Arivida Park of Commerce. The three-story building will contain 94,000 square...

December 12, 2000 Go To Fitch's Presale Report. GE Capital Commercial Mortgage Corp., Series 2000-1ClassAmount($mln)Sub. Level(%)RatingFitchRatingMoody'sAvg.LifePriceTalk(BP)BenchMarkA-1112.523.5AAAAaa5.7+28-30SwapsA-243323.5AAAAaa9.79+40-42SwapsB28.519.5AAAa29.9+55-59SwapsC3215AA29.9+70-76SwapsD8.913.75A-A39.9+80-86SwapsE23.110.5BBBBaa29.9+125 areaSwapsX*713.1NAAAAAaaNA+370 area**Treas.*Interest only, notional amount.**At 100 percent CPY.

December 12, 2000 The sudden influx of commercial mortgage-backed securities deals in the market has not stifled the holiday spirit at some investment banks. Included in Credit Suisse First Boston's CMBS Market Watch this week was an "Ode...

December 12, 2000NEW YORK – Wellsford Real Properties Inc. (AMEX:WRP) has promoted James J. Burns to chief financial officer from chief accounting officer.Burns replaces Jeffrey Lynford who will continue as chairman of the company.Additionally, Mark P. Cantaluppi, currently...

December 12, 2000 BOSTON – Visible Markets Inc., a fledgling online trading platform, has handled $1 billion of fixed-income securities trades since its June inception.The firm, which facilitates trading in commercial mortgage-backed securities, collateralized mortgage obligations, asset-backed securities...

December 12, 2000 GMAC Commercial Mortgage provided $142 million of financing for 14 Wall Street in downtown Manhattan. A story published on Dec. 11 incorrectly identified the lender.

December 12, 2000Commercial Real Estate Direct Staff ReportReaxon Net Technologies, a venture formed by Morgan Stanley Dean Witter and KPMG Peat Marwick to develop an Internet-based loan-origination application, has hired John Prout from Madison Real Estate Technologies Inc.Prout,...

December 12, 2000 Andalex Group, a New York firm run by developer Allen Silverman, is buying 380 Madison Avenue in Midtown Manhattan in a complex deal valued at $350 million, or $412/sf.The company is taking over the building...

December 12, 2000 NEW YORK – Fitch has removed Criimi Mae Services LP's commercial mortgage servicer ratings from Rating Watch Negative and affirmed its primary servicer rating at 'CPS3', its master servicer rating at 'CMS3', and its special...

December 12, 2000 NEW YORK – Fitch has withdrawn Crown NorthCorp's (OTC:ASET) master servicer rating of 'CMS3'.The rating agency also downgraded Crown's primary servicer rating to 'CPS3' from 'CPS2' and its special servicer rating to 'CSS3' from `CSS2'....

December 11, 2000 GERMANTOWN, Tenn. – Equity Inns Inc. (NYSE:ENN) has completed a $50 million interest rate swap related to the outstanding debt on its $125 million line of credit. The company said it now has no significant...

December 11, 2000 WASHINGTON – The board of directors of MeriStar Hospitality Corp. (NYSE:MHX) has approved a proposed merger between MeriStar Hotels & Resorts Inc. and American Skiing Corp. (NYSE:SKI).As a result of the merger, the REIT will...

December 11, 2000 NEW HYDE PARK, N.Y. – Joseph Kornwasser, senior vice president of Kimco Realty Corp. (NYSE:KIM), is leaving to pursue "other business interests," according to Kimco.Kornwasser joined Kimco as a result of the REIT's 1998 merger...

December 11, 2000 Special to Commercial Real Estate DirectKFPLB Michelson Jamboree LLC, which recently purchased the 42-acre Parker Aerospace parcel in Irvine, Calif., is said to be planning to redevelop a big chunk of the property into a...

December 11, 2000 Go To Moody's Presale Report.Go To S&P's Presale Report.LB-UBS Commercial Mortgage Trust, Series 2000-C5ClassAmount($mln)Sub. Level(%)RatingMoody'sRatingS&PAvg.LifePriceTalk(BP)BenchMarkA-1352.420.5AaaAAA5.87+29 areaSwapsA-2439.420.5AaaAAA9.71+41 areaSwapsB44.816Aa2AA9.9+58 areaSwapsC44.811.5A2A9.9+73 areaSwapsD14.910A3A-9.9+83 areaSwapsE7.49.25Baa1BBB+9.9+125 areaSwapsF12.48Baa2BBB9.9+130 areaSwapsG9.97Baa3BBB-9.9+275 areaTreas.X*996NAAaaAAA8.41+375**Treas.*Notional amount, interest only.**At 100 percent CPR.

December 11, 2000 PITTSBURGH – TimesSquare Real Estate Investors, Cigna Corp.'s pension fund advisory arm, has purchased the Sawgrass Marriott Resort and Beach Club in Ponte Vedra Beach, Fla.As previously reported, TimesSquare purchased the 508-unit hotel in partnership...

December 11, 2000 Commercial Real Estate Direct Staff ReportMassMutual Financial Group is providing about $65 million of financing to the investment team that purchased the Sawgrass Marriott Resort and Beach Club in Ponte Vedra Beach, Fla.The loan is...