November 29, 2000 Go To Fitch Presale Report.Go To Moody's Presale Report.Go To Standard & Poor's Presale Report.Banc One/FCCC Commercial Mortgage Loan Trust Series 2000-C1ClassAmount($mln)Sub. Level(%)RatingFitchRatingMoody'sRatingS&PAvg.LifePriceTalk(BP)BenchMarkA-151519AAAAaaAAA2.4+23-24SwapsA-2182.819AAAAaaAAA2.5+22-231-mo. LiborB4314AANRAA5.9+53 areaSwapsC34.410ANRA6.8+68 areaSwapsD8.69A-NRA-7.4+78 areaSwapsE157.25BBBNRBBB7.7+120 areaSwapsF8.66.25BBB-NRBBB-7.9+280 areaTreas.X861.5NAAAAAaaAAA------

November 29, 2000 DALLAS – GMAC Commercial Mortgage Corp. has arranged a $14.5 million fixed-rate permanent financing for Grapevine Mills II LLC for the Grapevine Mills retail center.The funding financed a 308,407-square-foot expansion of the 1.4 million-sf mall,...

November 28, 2000 BROOKLYN, N.Y. – Wexford Bancgroup has provided $19 million of construction/bridge financing to transform the former New York Daily News headquarters into the NewsWalk condominium and retail complex.Upon completion, the property, which is being constructed...

November 28, 2000 Starwood Capital Group LLC has invested between $40 million and $50 million in a joint venture with Senior Resource Group LLC to develop, market and manage full service retirement communities in the West.The partnership, which...

November 28, 2000 HOUSTON – Chase Manhattan and Bank of America have led a group of lenders that provided a $350 million unsecured credit facility to Weingarten Realty Investors (NYSE:WRI).The three-year facility replaces one that was maturing. It...

November 28, 2000 BINGHAM FARMS, Mich. – Malan Realty Investors Inc. (NYSE:MAL) said a lawsuit filed by the REIT's former president and chief executive is ""without merit," and it would "defend itself vigorously."The REIT was responding to a...

November 28, 2000 NEW YORK – CNL Commercial Funding LP has selected the Bank of New York's asset servicing subsidiary, BNY Asset Solutions LLC, as back-up servicer for a portfolio of $240 million of commercial mortgages.Under the agreement,...

November 28, 2000 HONG KONG – Standard & Poor's today raised its rating on Sino Commercial Properties Funding Ltd.'s US$300 million floating-rate notes due 2003 to triple-B from triple-B-minus. Sino Commercial Properties Funding is a commercial real estate...

November 28, 2000 WEST PALM BEACH, Fla. – Ocwen Financial Corp. (NYSE:OCN) has sold its minority interest in Kensington Group PLC, a U.K. subprime residential mortgage lender.Ocwen recovered 34.5 million pounds ($48.6 million) from the sale.

November 28, 2000 Criimi Mae (NYSE:CMM) has received the final go ahead for its reorganization plan.Judge Duncan W. Keir of the Bankruptcy Court for the District of Maryland has signed the final order confirming the plan, which calls...

November 28, 2000SAN FRANCISCO – Unico Properties has purchased 100 Pine St. in San Francisco's Financial District for $156 million, or roughly $387/sf. The Seattle-based firm purchased the 403,000-square-foot office building from Walton Street Capital.Chicago-based Walton Street paid...

November 28, 2000 AUSTIN, Texas – SiteStuff has promoted Eugene W. Long, chief operations officer, to president.As president, Long will direct the daily operations of the company and oversee customer and supplier relationships as well as distribution, logistics...

November 28, 2000 COLUMBUS, Ohio – Red Mortgage Capital Inc., a Fannie Mae Delegated Underwriting and Servicing lender, has provided $11.4 million of fixed-rate financing for a 200-unit apartment complex in Dallas.The complex, Gates de Provence Apartments, is...

November 28, 2000 Madison Realty buys buildings on ClematisDaily Business Review, November 28WEST PALM BEACH, Fla. – Madison Realty Partnership is under contract to buy three Clematis Street buildings. Terms of the sale weren't disclosed, but the asking...

November 28, 2000 Unicorp to sell interest in apartmentsCanada NewswireTORONTO – Unicorp has agreed to sell its 50 percent interest in 2,358 area apartment units for about C$50 million (US$32.5 million), or C$97,000 (US$63,000) per unit. The sale,...

November 27, 2000 NEWPORT BEACH, Calif. – Pacific Gulf Properties Inc. (NYSE:PAG) has completed the first leg of a massive sale of industrial properties to CalWest Industrial Properties LLC.CalWest, which is a venture between the California Public Employees...

November 27, 2000 Developing at LightspeedSouth Florida Business Journal, November 27CYPRESS CREEK, Fla. – Developer Michael Swerdlow's Lightspeed Infrastructure subsidiary is planning a $150 million project at Cypress Creek to accommodate telecommunications, information technology and high-tech businesses. The...

November 27, 2000 Office space to get even tighter: LePage studyNational Post, November 27TORONTO – The market for office space is going to get even tighter next year despite close to 8 million square feet of office space...

November 27, 2000 NEW YORK – CDC Mortgage Capital has provided $50 million of floating-rate financing to a team involving Divco West Properties for its purchase of an office complex in Manhattan Beach, Calif.The financing consisted of an...

November 27, 2000 NEW YORK – Standard & Poor's has lowered its ratings on two classes on J.P. Morgan Commercial Mortgage Finance Corp.'s series 1995-C1 and affirmed other rated classes.The rating agency lowered class F to single-B from...

November 27, 2000 CALGARY, Alberta – RioCan Real Estate Investment Trust (TSE:REI) has acquired the remaining 50 percent interest in the Signal Hill Centre from its joint venture partner Trinity Development Group Inc. for C$34 million (US$22.1 million).The...

November 27, 2000 By Brad Berton, Commercial Real Estate Direct Contributing WriterAn affiliate of Muller Co. has paid $18.2 million, or nearly $120/sf, for the Torrance Center South office complex in Torrance, Calif., part of the Los Angeles...

November 27, 2000 Special to Commercial Real Estate DirectDonahue Schriber, one of the more active property management firms in Southern California, is establishing a beachhead in Arizona.The Newport Beach, Calif., company is ranked as the 12th largest property...

November 27, 2000 By Patrick Crowley, Commercial Real Estate Direct Contributing WriterFrisch's Restaurants Inc., a Cincinnati-based restaurant chain, has sold one hotel and put another hotel on the selling block in order to focus exclusively on its core...

November 27, 2000 MANHATTAN BEACH, Calif. – Center Trust Inc. (NYSE:CTA) has sold two community shopping centers, Torrance Promenade and Pomona Gateway Center, to Kimco Income REIT.The sales effectively complete the REIT's previously reported sale of six shopping...