June 22, 2000 National Realty LP (Amex:NLP) and American Realty Trust Inc. (NYSE:ARB) have postponed their planned merger, which was slated to be completed at the end of the month. There's no word yet on when, or whether...

June 22, 2000 PURCHASE, N.Y. – State Street Global Advisors, a money manager, has launched an investment fund that will fund the development and eventual sale of apartment properties.The fund, Development Program II is overseen by The Tuckerman...

June 22, 2000 BOSTON – FleetBoston Financial has closed a $240 million financing for Shorenstein Investment Partners' purchase of Chicago's Prudential Plaza. Shorenstein is said to have paid about $380 million for the 2.1 million-square-foot property. The twin-tower...

June 22, 2000 SEATTLE – Essex Property Trust Inc. (NYSE:ESS) has signed a deal with ReFlex Communications Inc. to provide broadband Internet access and service to apartment units owned by the REIT on the west coast.Essex owns 72...

June 22, 2000 Developer Infomart has purchased a 400,000-square-foot property at 555 Pleasant Street in the Boston suburb of Watertown, Mass.The Dallas-based telecommunications facilities developer plans to retrofit the property, rename it "Infomart Boston," and lease it to...

June 22, 2000 BALTIMORE – H&S Properties Development Corp. has preleased 56,000 sf at its six-story office building to Fidelity & Guaranty Life Insurance Co. The lease runs for 10 years.The insurance company will move its headquarters to...

June 22, 2000 MINNEAPOLIS – TrizecHahn Office Properties will renovate its Crown Plaza Northstar Hotel, at 618 Second Ave. South.The $13 million project includes a new street-level lobby entrance that would be linked to the adjacent Northstar retail...

June 22, 2000 Columbia Center Trust, Series 2000-CCTClassAmount($mln)RatingS&PRatingMoody'sAvg.LifePriced(BP)BnchMarkA114.6AAAAaa4.5+27LiborB22.9AAAa24.5+37LiborC20.4A+A14.5+60LiborD17A-A34.5+76LiborE20.2BBBBaa24.5+150LiborX1195AAArAaa--N/ALibor

June 22, 2000 BETHESDA, Md. – Six retail property owners have agreed to list available space for lease on Storetrax.com. The arrangement with the Website is exclusive, meaning the property owners are restricted from listing their space on...

June 22, 2000 Quaker Oats picks south Fulton site for shipping centerThe Atlanta Journal-Constitution, June 22ATLANTA – The Quaker Oats Co. has signed a long-term lease for a 496,000-square-foot distribution center at WestLake Industrial Park. The facility, to...

June 21, 2000 Headed uptown: Holton SquareThe Charlotte Observer, June 21CHARLOTTE, N.C. – Berwyn, Pa.-based LCOR plans to demolish the convention center at Trade, College and Fourth streets and replace it with Holton Square. The $214 million project...

June 21, 2000 LOS ANGELES – Secured Capital Corp has named Michael D. Cochran a principal of the firmCochran is senior managing director and head of the real estate investment banking boutique's New York office. He becomes one...

June 21, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorBlack Equities, a Beverly Hills, Calif., real estate investment group, has acquired the Astech Manufacturing complex in Santa Ana, Calif., for $16 million, or $47/sf.Astech will continue...

June 21, 2000 BALTIMORE – Prime Retail Inc. (NYSE:PRT) is raising $110 million of financing from Lehman Brothers, which was also hired as financial adviser.The financing is in the form of a $90 million mezzanine loan that is...

June 21, 2000 AirTouch Support Services LLC has extended its lease term for an additional 36 months at Pacific Gateway Properties' (AMEX:PGP) Walnut Creek office park in San Francisco.AirTouch's lease covers four buildings totaling 128,800 sf. The extension...

June 21, 2000By Brad Berton, Commercial Real Estate Direct Contributing EditorRREEF Funds has purchased, on behalf of a client, the 320,025-square-foot Carlsbad Spectrum II in northern San Diego County.flex-tech property within the 560-acre Carlsbad Research Center in Carlsbad,...

June 21, 2000 (NewsTraders.com) – Pacific Gulf Properties (NYSE:PAG) ebbed to "accumulate" from "strong buy" in Prudential Securities analyst Lou Taylor's view, after the company agreed to sell its industrial properties to CalWest Properties for $929 million in...

June 21, 2000 INDIANAPOLIS, Ind. – Nationwide Mutual Insurance Co. has signed leases for 1.1 million square feet of office space at properties owned by Duke-Weeks Realty Corp. (NYSE:DRE)The space is at the Tuttle Crossing business park in...

June 20, 2000 Brookfield Properties Corp. (NYSE: BPO) and Gentra Inc.'s (PSE: GTA) will offer their office tenants discounted buying services via OfficeTempo.com.Tenants will be able to buy a wide range of products and services including computers, software,...

June 20, 2000 SACRAMENTO, Calif. – California Public Employees' Retirement System has earmarked $150 million of fresh capital to two real estate ventures as part of its decision to plow $1.1 billion of capital to four investment vehicles.The...

June 20, 2000 CRANFORD, N.J. – KPMG Consulting LLC has signed a lease for 38,000 square feet at Liberty Corner Corporate Center, a newly constructed office building in Bernards Township, N.J.This long-term lease is the first signed at...

June 20, 2000NEW YORK – Blackstone Real Estate Advisors and Hines are forming a venture to develop a site in Atlanta's Buckhead section. Blackstone had purchased the site in 1998, but held off developing it. It says now...

June 20, 2000 Major office tower planned for BuckheadThe Atlanta Journal-Constitution, June 20ATLANTA – A partnership between Blackstone Real Estate Advisors of New York and Houston-based Hines will develop a 500,000-square-foot office tower. One City Center will be...

June 20, 2000 Go To S&P's Presale Report.Go To Moody's Presale Report.Prudential Securities Secured Financing Corp., $818.4 mln. Series 2000-Key 1ClassAmount($mln)Sub. Level(%)RatingS&PRatingMoody'sAvg.LifePricetalk(BP)BnchMarkA-113426AAAAaa5+30 area3-mo. LiborA-2471.626AAAAaa10+41 area3-mo. LiborB34.821.75AAAa210+53-553-mo. LiborC40.916.75AA210+65-673-mo. LiborD10.215.5A-A310+75-773-mo. LiborE10.214.25BBB+Baa110+230-235Treas.F18.412BBBBaa210+240-245Treas.G14.310.25BBB-Baa310+275 areaTreas.X*818.4N/AAAAAaa--+365 area**Treas.* Interest-only class** At 100 percent CPR.

June 20, 2000NEW YORK – CapitalEngine.com has opened up shop in London and hired John Rowley-Conwy as director of business development to oversee the online real estate firm's growth in Europe.Rowley-Conwy has for the past 10 years structured...