November 22, 2000 SAN FRANCISCO – Starwood Capital Group LLC has opened a West Coast office at One Embarcadero Center.Marc Perrin, vice president, will relocate from the company's Greenwich, Conn., headquarters to head the office. He will be...

November 22, 2000 Prudential Mortgage Capital Co. has provided $19.7 million of fixed-rate financing for an industrial park near New York's John F. Kennedy International Airport that is owned by AMB Property Corp. (NYSE:AMB).The five-year mortgage, which amortizes...

November 22, 2000 ATLANTIC CITY, N.J. – The Casino Reinvestment Development Authority has approved Phase I of a $150 million retail complex on a site bounded by Atlantic, Ohio, and Arkansas avenues. Construction is expected to begin next...

November 22, 2000 By Commercial Real Estate DirectPrudential Mortgage Capital Co.'s $243.9 million PRU-HTG 2000-C1 single-borrower commercial mortgage-backed securities deal is set to price late-morning Eastern time, sources say.Commercial Real Estate Direct will provide pricing information as soon...

November 22, 2000 Crocker properties hit market a few at a timeDaily Business Review, November 22BOCA RATON, Fla. – Crocker Realty Trust has begun marketing for sale its 6.1 million-square-foot portfolio of suburban offices across the Southeast, which...

November 22, 2000 Note: Final pricing for only the triple-A classes, below, was immediately available. Prudential Mortgage Capital Co. II, LLC, Series PRU-HTG 2000-C1ClassAmount($mln)RatingMoody'sRatingFitchAvg.LifePriceTalk(BP)Priced(BP)BenchMarkA-127AaaAAA5.7+36-38+371.-mo. LiborA-2127AaaAAA9.85+49-51+521.-mo. LiborB17Aa1AAA9.85+58-60NA1.-mo. LiborC10.15Aa2AA9.85+67-69NA 1.-mo. LiborD27.12A2A9.85+83-85NA1.-mo. LiborE27.12Baa2BBB9.85+245 areaNATreas.F8.5Baa3BBB9.85+280 areaNATreas.X243.9AaaAAA9.4N/ANA--Go To Moody's Presale Report.Go To Fitch's...

November 21, 2000 Go To Moody's Presale Report.Go To Fitch's Presale Report.Prudential Mortgage Capital Co. II, LLC, Series PRU-HTG 2000-C1ClassAmount($mln)RatingMoody'sRatingFitchPriceTalk(BP)BenchMarkA-127AaaAAA+36-381.-mo. LiborA-2127AaaAAA+49-511.-mo. LiborB17Aa1AAA+58-601.-mo. LiborC10.15Aa2AA+67-691.-mo. LiborD27.12A2A+83-851.-mo. LiborE27.12Baa2BBB+245 areaTreas.F8.5Baa3BBB+280 areaTreas.X243.9AaaAAAN/A--

November 21, 2000 Go To Standard & Poor's Presale Report.(C$287.6 million = US$184.6 million)Merrill Lynch Mortgage Loans Inc., Series 2000-Canada4ClassAmount(Can.)($mln)Sub. Level(%)RatingS&PAvg.LifePriceTalk(BP)Priced(BP)BenchMarkA-189.117AAA5+75 area+755-yr.Can. Treas.A-2146.617AAA10+110 area+11010-yr.Can. Treas.B8.614AA10 +120 area+12010-yr.Can. Treas.C8.611A10+180 area+18010-yr.Can. Treas.

November 21, 2000 By Brad Berton, Commercial Real Estate Direct Contributing WriterAn opportunistic investment fund managed by Boston's Beacon Capital Partners has purchased a 118,000-square-foot Irvine, Calif., industrial building for $15.4 million, or about $130/sf, and plans to...

November 21, 2000 NASHVILLE, Tenn. – Corrections Corp. of America has avoided a default under its $1 billion secured credit facility by obtaining amendments to the agreement that governs it.The credit line is provided by a group of...

November 21, 2000 NEW YORK –Standard & Poor's lowered the rating on class B-2 of Asset Securitization Corp., 1995-D1, to triple-C from single-B because of a loss experienced from the sale of a collateral property. The ratings on...

November 21, 2000 By Brad Berton, Commercial Real Estate Direct Contributing WriterNewmark & Co., a New York commercial real estate firm, is continuing its aggressive geographic expansion with the opening of an office in Los Angeles that is...

November 21, 2000PHILADELPHIA – Prentiss Properties (NYSE:PP) has begun construction on an $18.9 million, Class-A office building in King of Prussia. The 103,000-square-foot is part of the First Avenue Corporate Center project, which will consist of two four-story...

November 21, 2000FFCA Secured Lending Corp., Series 2000-1ClassSub. Level(%)RatingFitchRatingMoody'sAvg.LifePriceTalk(BP)Priced(BP)BnchMarkA-1*20.5AAAAaa5.7+55-60+60SwapsA-2*20.5AAAAaa14.6+95-100+95SwapsB16.5AA-AA218.4+255-265+250Treas.C13A-A118.9+285-295+280Treas.D10.50BBBA319.3+335-345+330Treas.E9.25BBB-Baa1NA+375 area+375Treas.IONAAAAAaaNANA+525Treas.* Insured by MBIA Insurance Corp.

November 21, 2000 AUSTIN, Texas – Extended Stay America Inc. (NYSE:ESA) has opened a 101-unit Extended Stay America Efficiency Studios at 600 Guadalupe St.Weekly rates at the hotel range from $399 to $429 and nightly rates are available...

November 21, 2000 Commercial Real Estate DirectThe $1.2 billion floating-rate commercial mortgage-backed securities deal launched last week by underwriters Deutsche Banc Alex. Brown and Chase Securities is due to price today by 4 p.m., sources say. Commercial Real...

November 21, 2000 CHICAGO – Equity Office Properties Trust (NYSE:EOP) said its operating partnership unit has completed the sale of $1 billion of senior unsecured notes.The issue priced Nov. 16 and was lead managed by Morgan Stanley Dean...

November 21, 2000COMM 2000-FL3 (Deutsche, Chase)ClassAmount($mln)Sub. Level*(%)RatingS&PRatingMoody'sRatingFitchAvg.LifePriceTalk(BP)Priced(BP)BenchMarkA794.433.4AAAAaaAAA2.47+22-24+22LiborB58.4528.5AAAa2AA2.92+35-38+37LiborC90.920.9ANRA2.92+75 area+80LiborD28.818.5A-NRA-2.92+100 area+133LiborX**972.6NAAAAAaaAAANANANA--* S&P.** Interest only. The COMM 2000-FL3 deal is structured in an A-B fashion with "C interests" – or junior interests that are held outside of the trust.For more details...

November 21, 2000 Special To Commercial Real Estate DirectIngram Micro Inc., the world's biggest computer-products distributor, has agreed to occupy 800,000 square feet in a manufacturing and distribution facility that will be built for it in Mira Loma...

November 21, 2000 NEW YORK – Fitch has affirmed the primary and special servicer ratings of Conning Asset Management Co.The firm's primary servicer rating is CPS2 while its special servicer rating is CSS3. Fitch said its rating action...

November 20, 2000 Special to Commercial Real Estate DirectSANTA ANA, Calif. – Werdin Corp. has teamed up with Hanover Financial to develop a 101,000-square-foot industrial complex in Santa Ana, Calif. – the first such undertaking in Orange County's...

November 20, 2000 SAN FRANCISCO – The Martin Group has put 600 Battery St., a 112,208-square-foot building, on the market for $45 million, or $401/sf.Grubb & Ellis is listing the building, which is 100 percent occupied, according to...

November 20, 2000 Industry news: St. Joe dropping plans for mixed-use project, will sell Glenlake siteAtlanta Journal Constitution, November 20ATLANTA – The St. Joe Co. has decided to sell 18 acres at Ga. 400 and Abernathy Road instead...

November 20, 2000 NEW YORK – Standard & Poor's has lowered Highwoods Properties' corporate rating to triple-B-minus from triple-B and its preferred stock rating to double-B-plus from triple-B-minus in part because of the REIT's exposure to markets that...

November 20, 2000DENVER – Bedford Property Investors Inc. (NYSE:BED) has acquired a 165,191-square-foot office complex for $21.5 million, or $130/sf. The complex is about one quarter mile southwest of the company's 206,000-square-foot Waterpark @ Briarwood project.The property is...