June 30, 2000 Developer pending at Atlantic Steel siteThe Atlanta Journal-Constitution, June 30ATLANTA – Jacoby Atlantic Redevelopment may build the office component of the $2 billion Atlantic Steel mixed-use project. Two major office developers are also being considered....
June 30, 2000 DALLAS (Primezone) – American Realty Trust Inc. (NYSE:ARB) and its adviser, Basic Capital Management, have entered into an agreement with an affiliate of United Capital Corp. (AMEX:AFP) to refinance the companies' margin debts.Under the agreement,...
June 30, 2000 Israeli group increases bid for Centrefund shopping centersThe Financial Post, June 30TORONTO (CP) – The Gazit Group of Tel Aviv has offered to buy 9 million common shares of Centrefund Realty Corp. Centrefund is an...
June 30, 2000 NEW YORK – Fitch has upgraded CS First Boston Mortgage Securities Corp.'s 1994-CFB1.The upgrade affects the following classes: the $4.5 million class-D was upgraded to triple-A from double-A-minus, the $13.2 million class E was upgraded...
June 30, 2000Jones Lang LaSalle Hotels is expanding operations in Tokyo. The firm has tapped Tomohiko Sawayanagi to head up its Japanese operations. Sawayanagi, a senior vice president, had previously been responsible for hotel-related advisory and real estate...
June 30, 2000 Sovereign Bank Lease Pass-Through Trust, 2000-1ClassAmount($mln)RatingS&PRatingMoody'sAvg.LifeSpread(BP)BnchMarkA-1201.9BBB-Baa34+372Treas.A-2106.4BBB-Baa320+600Treas.
June 30, 2000 NASHVILLE, Tenn. – Pacific Life Insurance Co.'s proposal to inject $200 million of equity into Prison Realty Trust Inc. (NYSE:PZN) has been called off because of concerns that the REIT would not be able to...
June 29, 2000 CHICAGO – CB Richard Ellis, Jones Lang LaSalle, DTZ and Reed Business Information have teamed up to develop a European commercial real estate portal, which is code named Project Pathway.The portal's focus will be on...
June 29, 2000 ANN ARBOR, Mich. – Captec Net Lease Realty (Nasdaq:CRRR) has retained Prudential Securities Inc. to explore ways to increase shareholder value, including a sale or merger of the company.The move follows the company's announcement last...
June 29, 2000 NEW YORK – Shareholders of Carey Diversified LLC (NYSE:CDC) have approved the company's proposed merger with W.P. Carey & Co.The resulting company, W.P. Carey & Co. LLC will be listed on the New York Stock...
June 29, 2000 Union County mall to get a makeoverThe Charlotte Observer, June 29CHARLOTTE, N.C. – The Monroe Mall on U.S. 74 is expanding its space to make room for four new specialty stores and an expansion of...
June 29, 2000 (NewsTraders.com) – Apartment Investment & Management (NYSE:AIV) was upgraded to "buy" from "outperform" today by Salomon Smith Barney analyst Jonathan Litt, according to a source at the brokerage concern.The analyst has a $52 price target...
June 29, 2000 DALLAS – Milestone Hotel Investments Inc. and Regency Hotel Management Inc. have purchased a portfolio of eight Clubhouse Inn hotels and six Wyndham Garden Hotels, as well as the Clubhouse Inn brand, from Wyndham International...
June 29, 2000 DALLAS (Primezone) – Richard Douglas and Larry Harley have resigned from the boards of Transcontinental Realty Investors Inc. (NYSE:WYN) and Income Opportunity Realty Investors Inc. (AMEX:IOT), effective June 15 and June 19, respectively. In a...
June 29, 2000 NORTHBROOK, Ill. – A unit of Grubb & Ellis Co. (NYSE:GBE), has been hired as facilities manager for IBM's 1 million-square-foot e-commerce call center in St. Louis.The unit, Grubb & Ellis Management Services Inc., now...
June 29, 2000 By Paul Gereffi, Commercial Real Estate Direct CorrespondentJACKSONVILLE, Fla. – Duke-Weeks Realty Corp. (NYSE:DRE) is planning to develop 200,000 square feet of office space in Southpoint, an office complex in Jacksonville.The $20 million project, Gemini...
June 29, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorJonathan "Jack" Spound, a veteran Southern California real estate executive, has joined AEW Capital Management as director of AEW Partners in Los Angeles.Spound previously was with JER...
June 29, 2000 Go To Initial Price Guidance.The following table shows final pricing for the top eight tranches of a 32-tranche floating-rate deal – a variant of the "A-B" structure, in this case an "A-B-C" structure (see figure...
June 28, 2000 FleetBoston Financial will provide $178.5 million of construction financing to Higgins Development Partners, which is developing a headquarters campus in Sunnyvale, Calif., for Yahoo Inc. FleetBoston's 30-month construction loan is expected to be repaid when...
June 28, 2000 CHICAGO – LaSalle Investment Management Inc. has raised $200 million for Income and Growth Fund II, which will pursue "value-added" real estate opportunities.The fund has a $400 million acquisition capacity. It has already purchased, or...
June 28, 2000NEW YORK – Standard & Poor's has revised its outlook on Mack-Cali Realty Corp. (NYSE:CLI) and its operating partnership to negative from stable. The rating's change comes in light of Mack-Cali's intention to acquire unrated Prentiss...
June 28, 2000(NewsTraders.com) – A.G. Edwards & Sons has downgraded Prentiss Properties (NYSE:PP) to "reduce" from "buy" in light of the company's agreement today to be acquired by Mack-Cali Realty Corp. (NYSE:CLI).Under the terms of the $2.3 billion...
June 28, 2000Mack-Cali Corp. (NYSE:CLI) has agreed to buy Prentiss Properties Trust (NYSE: PP) in a $2.3 billion transaction. Mack-Cali, which is based in Cranford, N.J., would pay $975.8 million in stock and assume $1.3 billion of Dallas-based...
June 28, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorIndustrial users so far this year have committed to lease more than 7.5 million square feet of space that is being developed within Southern California's booming "Inland...
June 28, 2000 NEW YORK – One of the first opportunity funds to be formed has completed its liquidation and its returns have been impressive.Lend Lease Real Estate Investments' Value Enhancement Fund I sold its last property, the...
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