November 30, 2000 Transcontinental Realty Investors Inc. has purchased the Brandeis Building in Omaha, Neb., from Mack-Cali Realty Corp. As Commercial Real Estate Direct reported earlier this week, Mack-Cali sold the 319,230-square-foot office building to TCI Brandeis LP...

November 30, 2000 DENVER – Apartment Investment and Management Co. (NYSE:AIV) plans to modify its senior management's investment program, effective Jan. 1. The modified High Performance Unit program will raise the minimum investment hurdle to an annual rate...

November 30, 2000 BERKELEY, Calif. – Vectiv Corp., which is developing an online site selection service for retailers and hotel operators, has raised $13 million in its second round of financing. AC Ventures, the venture capital unit of...

November 30, 2000 DENVER – Apartment Investment and Management Co. (NYSE:AIV) has agreed to acquire Oxford Tax-Exempt Fund II LP (Amex:OTF) for $206 million.The acquisition gives Aimco, which already owns the managing general partner of Oxford Tax-Exempt, the...

November 30, 2000 ATLANTA – Lee S. Wielansky, head of investments for Regency Realty Corp. (NYSE:REG), has been named president and chief executive of JDN Development Co., the development arm of JDN Realty Corp. (NYSE:JDN)Wielansky co-founded and was...

November 30, 2000 ROCKVILLE, Md. – Criimi Mae Inc. (NYSE:CMM) has increased its six-member board of directors to nine and appointed five new directors, including three real estate industry executives. Among the five new members are Donald J....

November 30, 2000 Staybridge Suites hotel planned for Pharr RoadThe Atlanta Journal-Constitution, November 30ATLANTA – Rossmore Management Group plans to build a six-story, 80-key Staybridge Suites by Holiday Inn extended-stay hotel at 540 Pharr Road. Staybridge Suites is...

November 30, 2000 TORONTO – Morguard Real Estate Investment Trust (TSE:MRT) has agreed to buy the remaining 50 percent interest in the St. Laurent Centre in Ottawa from Sears Canada for about C$109 million (US$70.6 million).Morguard is assuming...

November 30, 2000ROCKVILLE, Md. – Andrew P. Blocher has joined Federal Realty Investment Trust (NYSE:FRT) as vice president of investor relations and finance.Blocher will direct the company's investor relations activities, developing and managing the company's relationships with equity...

November 30, 2000 By Orest Mandzy, Commercial Real Estate Direct Managing EditorBrian Rotchford, who has been marketing and investing in troubled assets for the past eight years, has surfaced at Carlton Group of New York.Rotchford, who was among...

November 30, 2000 Commercial Real Estate Direct Staff ReportThe U.S Department of Housing and Urban Development has given investors another week to put together offers for a $760 million package of mortgages.The agency, which is marketing the portfolio...

November 30, 2000 REIT buys Montreal retail center for C$21 MlnCanada Newswire, November 30SAINT BRUNO, Montreal – Cominar Real Estate Investment Trust has acquired a four-building, 225,510-square-foot retail center in Saint Bruno for C$21 million (US$13.7 million). The...

November 30, 2000 WASHINGTON – CarrAmerica Realty Corp. (NYSE:CRE) has begun construction of a 130,000-square-foot office building at Nine Parkway North in Deerfield, Ill.CarrAmerica is developing the five-story building in a venture with the New York State Teachers'...

November 30, 2000 By Brad Berton, Commercial Real Estate Direct Contributing WriterCushman & Wakefield has formed an exclusive business alliance with New Zealand's biggest commercial/industrial real estate services company, Bayleys Real Estate, giving it the ability to offer...

November 29, 2000 JACKSONVILLE, Fla. – Rayonier (NYSE:RYN), a company that owns 2.4 million acres of timberland in the United States and New Zealand, has abandoned an idea to form a timberland REIT."We determined that the economic penalties...

November 29, 2000 TORONTO – Canadian Apartment Properties Real Estate Investment Trust has agreed to sell 2.65 million shares to a syndicate of eight underwriters for C$11.45 per unit, or C$30.3 million (US$19.7 million).RBC Dominion Securities Inc. is...

November 29, 2000 BOSTON – Cabot Industrial Trust (NYSE:CTR) has formed a joint venture with Teachers Insurance and Annuity Association - College Retirement Fund to develop bulk distribution properties. Cabot, an industrial REIT, said that the investors have...

November 29, 2000 REDWOOD CITY, Calif. – Realeum, the Web-based property management service founded by three major apartment REITs in September, is teaming with Corrigo Inc., a mobile service management system that targets the multifamily property management sector.Realeum...

November 29, 2000 SAN DIEGO – Burnham Pacific Properties Inc. (NYSE:BPP) will hold its annual meeting on Dec. 15., where shareholders will vote on the company's complete liquidation and dissolution plan and will elect nine company directors.The liquidation...

November 29, 2000 Clarion Partners has paid $33.26 million, or $120.50/sf, for 70/100 Inner Belt Road, a telecom facility and distribution center in Somerville, Mass.The two-story building, which has 276,000 sf, is on the periphery of downtown Boston....

November 29, 2000SAN DIEGO – Starwood Capital Group has agreed to invest $50 million into Westcore Industrial Properties, a San Diego company that invests in industrial properties. "Our goal is to align ourselves and invest significant private capital...

November 29, 2000 Hotel-casino seeks buyer The Las Vegas Review-Journal, November 28 BILOXI, Miss. – Ralph Engelstad has put his Imperial Palace of Mississippi on the block for $200 million, considerably less than the three-year-old property's reported $350...

November 29, 2000 Revenue Properties board recommends rejection of Acktion offerPR Newswire, November 28 TORONTO – The board of directors of Revenue Properties Co. Ltd. has recommended a rejection of the unsolicited offer from 3391361 Canada Inc., an...

November 29, 2000 BOSTON – Boston is one of the best U.S. markets for commercial real estate investment, according to a new report issued by PricewaterhouseCoopers and Lend Lease Real Estate Investments Inc.The study, which ranks Bean Town...

November 29, 2000 Go To Moody's Presale Report.GMAC Commercial Mortgage Securities Inc., Series 2000-C3ClassAmount($mln)Sub. Level(%)RatingFitchRatingMoody'sAvg.LifePriceTalk(BP)BenchMarkA-1148.521.25AAAAaa5.7+29-31SwapsA-2855.221.25AAAAaa9.7+41-43SwapsB54.217AAAa29.9+56-58SwapsC57.312.5AA29.9+71-73SwapsD12.711.5A-A39.9+81-83SwapsE358.75BBBBaa29.9+130 areaSwapsF19.17.25BBB-Baa39.9+295 areaTreas.G8NANRNR------H9.85.85NABa1------J25.53.85NABa2------K4.43.5NABa3------L9.52.75NAB1------M15.91.5NAB2------N3.11.25NAB3------O3.11NACaa2------P12.722.5NANR------X*1274.7NAAAAAaaNANANAInterest only, notional amount.