February 9, 2000 By Thomas J. Walsh, IPGDirect.com Senior WriterPrice guidance on a $458 million commercial mortgage-backed securities deal from Fannie Mae, FNMA 2000-M1, was re-set today in response to changing swap spreads. New price talk – reflecting...

February 9, 2000 WASHINGTON – Marriott Senior Living Services, a division of Marriott International Inc. (NYSE:MAR), and Toll Brothers Inc. (NYSE:TOL) have partnered to develop and manage an assisted living community in Reston, Va.Marriott MapleRidge of Reston, to...

February 9, 2000 Following is a speech that Nottingham gave at a seminar sponsored by the Practicing Law Institute.A major mutual fund company is reviewing sites for a national call center. Their broker, who is unfamiliar with the...

February 9, 2000 CHICAGO – First Industrial Realty Trust Inc. (NYSE:FR) sold $245.8 million of properties last year, topping the $150 million of sales it had projected.The sales were made at prices that resulted in a melded initial...

February 9, 2000 Andrew L. Farkas, chairman and chief executive of Insignia Financial Group Inc. (NYSE:IFS) has transferred a total of 406,664 of Insignia common shares to his ex-wife as part of a divorce settlement.Farkas remains the largest...

February 9, 2000 Associated PressTOKYO (Kyodo) – A former vice president of ANA Real Estate Co. who was questioned by prosecutors in connection with a fraud case has committed suicide at a Tokyo hotel, investigative sources said today....

February 9, 2000 TORONTO – RioCan Real Estate Investment Trust has purchased Shoppers World, a 735,000-square-foot shopping center in downtown Brampton, Ontario, for C$46.5 million ($32 million), or C$63/sf.RioCan will issue over 3 million shares, valued at a...

February 9, 2000 CHICAGO – Heitman International, Crow Holdings International, Lehman Brothers Inc. and Wallis Real Estate have formed a $70-million joint venture to develop an industrial park in Budapest, Hungary.The 2 million square-foot Harbor Park will be...

February 9, 2000 Associated Press/ASIA WorldSources Inc.BANGKOK, Thailand – Ritz-Carlton and Renaissance, the two luxury hotel chains of the Marriott group, are conducting talks with local hotel property owners over the possibility of new management contracts, Ed Hubennette,...

February 8, 2000 A unit of State Farm Mutual Insurance has purchased 3.2 million shares, or a 7.22 percent, stake in BRE Properties Inc. (NYSE:BRE). The company filed a Form SC 13G/A with the SEC.

February 8, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $20.9 mln$18.9 mln $80.6 mln $71.2 mln FFO/shr (diluted) $0.65 $0.59 $2.50 $2.30 Net Income $8.3 mln $10.2 mln $39.9 mln $38.8 mln Net/shr$0.30 $0.37 $1.44 $1.43 Revenue$42.6 mln $39.3...

February 8, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $9.3 mln$12.2 mln $45.2 mln $47.6 mln FFO/shr (diluted) $0.34 $0.43 $1.64 $1.71 Net Income (Loss) ($9.3 mln) $8.5 mln $16.7 mln $37.7 mln Net (Loss)/shr($0.34) $0.30 $0.61 $1.39 Revenue$20.7...

February 8, 2000 RONA's plan includes superstores in OntarioThe National Post, February 8TORONTO – RONA Inc. plans to open 27 big box home improvement stores across Ontario. The Quebec-based company unveiled its plans as it gave further details...

February 8, 2000 Owner of downtown building wants to keep PrudentialFlorida Times-Union, February 8JACKSONVILLE, Fla. – Representatives of a downtown building are requesting help from the city to keep Aetna-owned Prudential Health Care at 841 Prudential Drive rather...

February 8, 2000 A unit of Morgan Stanley Dean Witter has started accumulating interests in real estate companies.The firm's mutual-fund operation, Morgan Stanley Dean Witter Investment Management Inc., had previously reported taking a 14.9 percent interest in Wellsford...

February 8, 2000 BELLEVUE, Wash. – Kennedy-Wilson Inc. (NASDAQ:KWIC) has completed assembling 18.4 acres of land in Ellensburg, Wash., that Fred Meyer Stores will use to construct a 128,000-square-foot store. The assemblage, which involved buying parcels from five...

February 8, 2000 E Trade Group Inc. is subleasing 30,000-square-foot of retail space at 540 Madison Avenue from Callaway Golf Co., according to the New York Post.Callaway had signed a lease for the space two years ago, but...

February 8, 2000 Two classes of mezzanine bonds from Heller Financial Commercial Mortgage Asset Corp., 2000-PH1, were not pre-sold as indicated in a Jan. 27 price-guidance table and a Jan. 27 story, "Mezzanine Classes Shine in $888.3 Mln...

February 8, 2000 Associated PressTOKYO – A real estate firm managed by singer Masao Sen filed for liquidation with the Tokyo District Court last Friday, citing liabilities of about 103.4 billion yen (US$951 million), according to credit research...

February 8, 2000 (NewsTraders.com) -- Schottenstein Stores Corp., issuing the next word in its ongoing dispute with Burnham Pacific Properties (NYSE:BPP), said today in a regulatory document that it remains "willing and eager" to participate in the bidding...

February 8, 2000 CHICAGO – AMLI Residential Properties Trust (NYSE:AML) has completed the sale of AMLI at Sope Creek in Atlanta for $42.5 million, or just over $61,000/unit.AMLI developed the 695-unit apartment complex in phases ending in 1995....

February 8, 2000 Grace and White Inc. has purchased 118,860 shares, or a 6.64 percent interest, in Urstadt Biddle Properties Inc. (NYSE:UBP) The company's interest was detailed in a Form SC 13G/A that was filed with the SEC.

February 8, 2000 ICM Asset Management has purchased 1,081,967 shares of Bedford Property Investors Inc. (NYSE:BED), giving it a 5.3 percent stake in the REIT. Details can be found in a Form SC 13G filed today with the...

February 8, 2000 By Thomas J. Walsh, IPGDirect.com Senior WriterGoldman Sachs is leading a $112 million commercial mortgage-backed securities deal, according to Wall Street sources.The floating-rate transaction is said to be secured by a number of New York...

February 7, 2000 A New York City agency is offering a 151-unit apartment building in lower Manhattan, according to the New York Daily News.The Battery Park City Authority expects to raise more than $40 million for the 25-story...