April 13, 2000BALTIMORE – Prime Retail Inc. (NYSE:PRT) expects to record a $13-million loss in the first quarter because it was unable to sell its eOutlets.com unit to an investor group.The REIT was set to sell the unit,...

April 13, 2000 NEW YORK – Bank One Texas has provided $66.5 million of construction financing to New Plan Excel Realty Trust Inc. (NYSE:NXL) for a mall it will build in Frisco, Texas.New Plan's ERT Development Corp. unit...

April 13, 2000 NEW YORK – Standard & Poor's lowered the corporate rating of JDN Realty Corp. (NYSE:JDN) to double-B from triple-B-minus. The agency has also lowered the ratings of the REIT's unsecured debt and preferred shares. The...

April 13, 2000 LOS ANGELES – Net-lease buyer Bentley Forbes Group has purchased two buildings totaling 550,000 square feet at 10330 North Meridian St. in Indianapolis for about $58 million.Under the sale-leaseback transaction agreement, Thomson Consumer Electronics, which...

April 13, 2000 JACKSON, Miss. – EastGroup Properties (NYSE:EGP) has acquired a 77,000 square-foot industrial facility in El Paso, Texas, for $2.4 million, or about $31 per sf.The 1987 building, known as the Founders Business Center, is located...

April 13, 2000 HARRISBURG, Pa. – The Pennsylvania Housing Finance Agency has approved $24.9 million of funding for two major affordable apartment complexes in Philadelphia. The agency's board issued $12.4 million of tax exempt bonds for Schuylkill Falls,...

April 13, 2000 Blue Lake deal closes The Daily Business Review, April 12BOCA RATON, Fla. – Telecom Routing exchange Developers (T-Rex), a company controlled by Miami's Terremark Holdings, completed its $140 million purchase of Blue Lake Corporate Center...

April 13, 2000 BOSTON – Brian Kavoogian, a senior managing director of Holliay Fenoglio Fowler LP has joined The Davis Cos., a Boston investment, management and development firm, as principal.Kavoogian, who had been with Holliday, a mortgage bank,...

April 13, 2000 CRA Real Estate Securities LP has taken a 2.5-percent stake in JDN Realty (NYSE:JDN).The Radnor, Pa.-based firm reported holding 837,200 shares of JDN stock in a Form SC 13G.

April 13, 2000 (NewsTraders.com) – After slogging through the worst yearly back-to-back stock performance in history, real estate investment trusts are "poised to achieve improved price performance in the months ahead," says Warburg Dillon Read analyst Anthony Davis.The...

April 13, 2000 (NewsTraders.com) – Merrill Lynch downgraded its intermediate-term rating on Crescent Real Estate Equities Co. (NYSE:CEI) to "neutral" from "accumulate" today, due in part to the real estate firm's stock price having closed in on the...

April 13, 2000 ATLANTA – J. Donald Nichols has resigned as chairman of JDN Realty Corp. (NYSE:JDN). Nichols has also resigned as director of JDN Development Inc.He had previously resigned as chief executive of the REIT.

April 13, 2000 DALLAS – Kennedy-Wilson Inc. (Nasdaq:KWIC) has named Dave Curran, a regional manager, to head its investment sales operation in Dallas.Curran joined Kennedy-Wilson last year, when the firm acquired Fults Realty Corp. He had been charged...

April 13, 2000 Go To S&P's Presale Report.Go To Fitch IBCA's Presale Report.Morgan Stanley Dean Witter Capital I Trust 2000-LIFE1ClassAmount($mln)Sub. Level(%)RatingS&PRatingFitchAvg.LifePricetalk(BP)BnchMarkA-1113.819.75AAAAAA5+121-123Treas. (L+26-28)A-243919.75AAAAAA10+163 areaTreas. (L+40)B22.416.5AAAA10+177 areaTreas.C25.8512.75AA10+189 areaTreas.D8.611.25A-A-10+199 areaTreas.E17.29BBBBBB10+235-240Treas.X689N/AAAArAAA--+400*Treas.*Interest only, at 100 percent CPR.Tranches triple-B-minus and below were private.

April 12, 2000 Associated PressNEW ORLEANS – Crescent Real Estate Equities (NYSE:CEI) has exited the New Orleans market with the sale of the Freeport-McMoRan Building to a partnership of Louisiana investors and a Chicago real estate company for...

April 12, 2000 SOMERSET, N.J. – PNC Real Estate Finance has arranged a total of $181.5 million of construction financing for two Northern New Jersey office complexes being developed by SJP Properties of Parsippany, N.J.PNC is leading a...

April 12, 2000 By Orest Mandzy, Commercial Real Estate Direct Managing EditorLend Lease is forming an investment fund that will buy high-yielding commercial mortgage-backed securities, primarily those rated double-B.The fund, which could raise $100 million of equity, or...

April 12, 2000 WEST CONSHOHOCKEN, Pa. – Keystone Property Trust (Amex:KTR) sold a 214,600-square-foot industrial property in East Brunswick, N.J., for $9.3 million. Keystone had purchased the property for $7.7 million when its purchased Reckson Morris Industrial Trust...

April 12, 2000 CHICAGO – Lillibridge Health Trust has acquired a 343,000-square-foot medical office building and a 1,060-space parking deck in the Atlanta area for $56 million.The property, The Center for Specialty Medicine, was purchased from Saint Joseph's...

April 12, 2000 Associated PressMONTREAL (CP) – The Canadian police are seeking former Montreal businessman Wolfgang Stolzenberg, who is wanted on a Canada-wide arrest warrant on 41 charges of fraud and conspiracy. The police allege he caused about...

April 12, 2000 (NewsTraders.com) -- Resource Asset Investment Trust (Amex:RAS) fell a step in Friedman Billings Ramsey's rating chart as analyst Charles Post lowered the stock to "accumulate" from "buy."Post said he made the adjustment after the Philadelphia...

April 12, 2000 GREAT NECK, N.Y. – A unit of One Liberty Properties Inc. (AMEX:OLP) has paid $11.9 million for a 402,200-square-foot manufacturing building and a 56,000-sf office building in Hanover, Pa. The property was acquired with existing...

April 12, 2000 Developers designing e-business parkThe Florida Times-Union, April 12JACKSONVILLE, Fla. – Developers are designing a three-building business park called Jaxoffices.com. The Jacksonville Planning and Development Department is reviewing plans filed late last week for a 7.2-acre...

April 12, 2000 Growth called urgent issue in OttawaThe Ottawa Citizen, April 12 OTTAWA – After meeting with some of the area's high tech executives, a key government official said that providing the infrastructure and land needed to...

April 12, 2000BETHESDA, Md. – Cushman & Wakefield has licensed CoStar Group's (Nasdaq:CSGP) information products for use by all employees at its domestic offices.Under the agreement, which CoStar said was the largest contract it has ever been awarded,...