April 25, 2001 By Susanna Potter, Commercial Real Estate Direct Staff WriterPrudential is looking to sell the Sheraton North Shore Hotel, a 386-unit property just outside Chicago in Northbrook, Ill.The insurance company has hired the New York office...

April 25, 2001 By Susanna Potter, Commercial Real Estate Direct Staff WriterColumn Financial has provided $55 million of mortgage debt to the owner of two office buildings in the Old Town area of Pasadena, Calif.The borrower, a large...

April 25, 2001Fort Lauderdale, Fla., hotel site could get condosThe Sun-Sentinel (Fort Lauderdale, Fla.)FORT LAUDERDALE, Fla. - Developers are proposing to tear down the six-story Art Deco Lauderdale Beach Hotel and replace it with a 28-story condominium. The...

April 25, 2001 By Brad Berton, Commercial Real Estate Direct Contributing WriterHouston's office market lost a bit of ground in the first quarter – no surprise given the nationwide economic uncertainty.Space absorption slowed to a near halt as...

April 25, 2001 BURLINGAME, Calif. - WinShip Properties has received $28 million to upgrade the 302-room Park Plaza Hotel at 1177 Airport Blvd.The five-year loan was provided by Fremont Investment & Loan.Cohen Financial arranged the transaction.Comments? E-mail

April 25, 2001By Susanna Potter, Commercial Real Estate Direct Staff WriterAn institutional quality Class-B building in downtown Houston hit the market this week with an asking price of $13.3 million, or about $126.50/sf.Rusk Partners has hired Trammell Crow...

April 24, 2001 Hilton Group PLC has proposed a cash and stock takeover bid for Scandic Hotels, a Swedish hotel operator, for $883.4 million.The bid is part of the U.K. company's efforts to grow in continental Europe, according...

April 24, 2001 Special to Commercial Real Estate DirectSan Francisco's Planning Commission approved two scaled-down commercial developments late last week in conjunction with the city's office construction competition.San Francisco doles out its office approvals under limits established in...

April 24, 2001 TORONTO - O&Y Properties Corp. (TSE:OYP) has filed a preliminary prospectus to create O&Y Real Estate Investment Trust.O&Y REIT will focus on investing in office buildings in major markets across Canada. The company will be...

April 24, 2001 Commercial Real Estate Direct Staff ReportAllied Capital Corp., the Washington finance company that has become somewhat of a powerhouse in the market for subordinate CMBS, said it invested $104.4 million in two deals during the...

April 24, 2001 KENT, Wash. - Boeing Realty Corp., a subsidiary of The Boeing Company (NYSE:BA), has completed the roads and infrastructure for Phase I of the 240-acre Pacific Gateway Business Park.The lots have been placed up for...

April 24, 2001 Health Care Property Investors   1st-Qtr 01 1st-Qtr 00 FFO (Mln) $40.1 $42 FFO/shr (diluted) $0.77 $0.77 Net Income (Mln) $19.8 $23.2 Net/shr (diluted) $0.39 $0.45 Revenue (Mln) $78.4 $78.5 Shares Outstanding (Mln) 52 54.4

April 24, 2001 CHICAGO - Security Capital Group Inc. (NYSE:SCZ) will purchase more than 9.3 million shares of Class B common stock for $191 million, or $20.50/shr.The results represent proration at about 78.5 percent of those shares tendered...

April 24, 2001 ATLANTA - MortgageRamp has launched its online technology solution, Aurora, for brokers, mortgage bankers, lenders and financial institutions in the commercial real estate market.Aurora integrates, automates and manages the origination, packaging, underwriting, closing and delivering...

April 24, 2001WASHINGTON – Shareholders of Humphrey Hospitality Trust (Nasdaq:(NYSE:HUMP) have filed a lawsuit, alleging the REIT artificially inflated the price of its securities between Nov. 14, 2000, and March 29, 2001, inclusive.As a result, the complaint alleges...

April 24, 2001 Liberty Property Trust   1st-Qtr 01 1st-Qtr 00 FFO (Mln) $63.6 $56.4 FFO/shr (diluted) $0.84 $0.77 Net Income (Mln) $38.4 $34.1 Net/shr (diluted) $0.55 $0.51 Revenue (Mln) $145.6 $129 Shares Outstanding (Mln) 77 76.2

April 24, 2001 NEW YORK - Standard & Poor's has assigned a triple-B-minus corporate credit rating to Healthcare Realty Trust. The outlook is stable.The rating agency said Healthcare Realty has a diversified portfolio, minimal lease rollover and moderate...

April 24, 2001 BALTIMORE – Municipal Mortgage & Equity LLC (NYSE:MMA), also known as MuniMae, will operate under the name MuniMae Midland LLC, effective May 1.The name change is a result of MuniMae's purchase in 1999 of The...

April 24, 2001 Special to Commercial Real Estate DirectLOS ANGELES – Pacific Tube Co., a Los Angeles fabricator of steel tubes, is offering for sale a 47-acre parcel of industrial land in the City of Commerce.The parcel, which...

April 24, 2001 By Brad Berton, Commercial Real Estate Direct Contributing WriterAn investment group led by Stan Rosen has acquired the Kent Business Campus in suburban Seattle for about $8 million, or just under $76/sf.Rosen, a local investor,...

April 24, 2001 LAKEWOOD, Colo. - The Mills Corp. (NYSE:MLS) has begun construction at its $250 million Colorado Mills.The 1.2 million-square-foot retail and entertainment shopping center is located on 130 acres at the intersection of I-70, Colfax Avenue...

April 24, 2001 NEW YORK – Moody's Investors Service is reviewing for possible downgrade four classes of Merrill Lynch Mortgage Investors Inc., 1998-C3.The rating agency said its action stems from the collateral pool's deteriorating performance. Six loans totaling...

April 24, 2001 ST. LOUIS, Mo. – President Broadwater Hotel LLC, an indirectly owned subsidiary of President Casinos Inc. (OTC Bulletin Board:PREZ), has filed for Chapter 11.President Broadwater Hotel owns a 260-acre property in Biloxi, Miss., which includes...

April 24, 2001 ROCKVILLE, Md. – Washington Real Estate Investment Trust has completed the sale of 2.3 million shares of beneficial interest priced at $22.15/share. Net proceeds of $48.2 million will be used to repay $43 million in...

April 24, 2001 Industry news: 3 Miami buildings sell for more than $35MlnDaily Business ReviewMIAMI - Sunshine Land Associates Ltd. bought 107,894 square feet of retail space at 7200 Dadeland Blvd. for $35.5 million, or $329/sf. Zelman Dadeland...