December 10, 1999 NEW YORK – Bovis Lend Lease is the new name of the construction and project management company created by Lend Lease Corp.'s acquisition of the Bovis Group. Go to Previous Story in the VertiNews.com ArchiveBovis...

December 10, 1999 LONDON – LaSalle Investment Management has raised 100 million euros ($100 million) for its Euro 5 Property Fund, an investment vehicle that will buy properties in the recovering real estate markets of France, Italy, Spain,...

December 10, 1999 Associated PressATLANTA – Turner Broadcasting is planning a $90-million expansion of its entertainment headquarters in an effort to accommodate growth and lure more talent to Atlanta. Construction of two new office buildings will begin early...

December 10, 1999 United Dominion Realty Trust Inc. (NYSE:UDR) has filed a Form SC 13D/A (Amended GeneralStatement of Beneficial Ownership) with the SEC.

December 10, 1999 CHICAGO – Cargan City, which is headed by Mike Greco and Fred Fellows, plans to launch a commercial mortgage website next month.The site, MortgageSelector.com will allow borrowers to receive soft quotes on commercial mortgages from...

December 10, 1999 Starwood Financial has provided $78 million of floating-rate bridge financing for 1000 Fremont, an office complex in Alhambra, Calif.The property is owned by The Ratkovich Co., which also raised joint venture equity financing from First...

December 10, 1999 By By Nina Suebsukcharoen, VertiNews.com CorrespondentBANGKOK, Thailand – Thailand's property market has finally turned the corner after being walloped by the economic downturn that swept the region in 1997.One sign of the broad-based recovery is...

December 10, 1999 By B.J. Lee, VertiNews.com CorrespondentSEOUL, South Korea – Korea Asset Management Corp. (KAMCO) has sold $897 million of nonperforming loans to four foreign investor groups: Morgan Stanley, Goldman Sachs, Lone Star Korea and a venture...

December 9, 1999 PORTLAND, Ore. – Columbia Housing, a unit of PNC Bank Corp., has formed a $55 million investment fund that will develop and buy affordable multi-family properties throughout the country.In addition, the firm has begun raising...

December 9, 1999 FORT WORTH, Texas – Hillwood, a real estate company run by Ross Perot Jr., has set up a program where it takes equity interests in Internet companies that lease space in its developments."With this new...

December 9, 1999 Expanding riverfront residential riles city officialsSun-Sentinel, December 9FORT LAUDERDALE – A small-rise, 410-unit apartment building has quietly evolved into a 902-unit village with high rises, and city commissioners demand to know why. The New River...

December 9, 1999 Credit Suisse First Boston has agreed to sell 44 Wall Street in downtown Manhattan to Lend Lease Real Estate Investments for about $47 million, or $157/sf, according to the New York Daily News.First Boston purchased...

December 9, 1999 Federal plan boosts Hall of Fame projectThe Ottawa Citizen, December 9 OTTAWA – The federal government will seek a private developer for a new commercial office building on the edge of Confederation Square – a...

December 9, 1999 J.P. Morgan Mortgage Capital Inc. provided $25.3 million of fixed-rate financing for Penn Mar shopping center, a 369,000-square-foot shopping center in Forestville, Md.The property, Penn Mar Shopping Center, is an anchored retail center with tenants...

December 9, 1999 CARY, N.C. – Konover Property Trust Inc. (NYSE:KPT) paid $16.8 million for a 152,000-square-foot shopping center in Marietta, Ga.The property, Merchants Festival, was acquired from a private owner. It is fully occupied and anchored by...

December 9, 1999Rating agencies Standard & Poor's and Duff & Phelps have issued presale reports for GMAC Commercial Mortgage Securities Inc., 1999-CTL1, a $385.98 million transaction. The private deal is being underwritten by Goldman, Sachs and Deutsche Banc...

December 9, 1999 By Orest Mandzy, VertiNews.com Managing EditorCDC Capital has provided $50 million of floating-rate debt on the Four Seasons Hotel in Beverly Hills.The financing was used to pay off a mortgage that was owned by Host...

December 9, 1999CDC Capital $550 Mln Floating-Rate CMBS*ClassAmount($mln)Sub. Level(%)RatingAvg. LifePriceTalk(BP)BnchMarkA29147AAA2 yrs+421 mo. LiborB41.239.5AA2 yrs+701 mo. LiborC43.9331.5A3 yrs+1401 mo. LiborD43.9323.5BBB3 yrs+2501 mo. LiborE2219.5BBB-3 yrs+3501 mo. Libor*Official name of issue and average life information not immediately available.

December 8, 1999 The Rouse Company (NYSE: RSE) has filed a Form SC 13G/A (Amended Statement of BeneficialOwnership) with the SEC.

December 8, 1999 Allied Capital Corp. (NASDAQ:ALLC) has filed Form 497 prospectus for the issuance of 2.5 million common shares. The $49.2 million of equity that would raise would be used to pay down a short-term credit line...

December 8, 1999 NEW YORK – RFR Holding LLC has completed its purchase of 17 State Street in downtown Manhattan for about $120 million, or $222/sf.RFR acquired the building from Savannah Teachers Properties, a unit of Teachers Insurance....

December 8, 1999By Brad Berton, VertiNews.com Contributing Editor An investment fund managed by M&H Realty Partners of San Francisco has purchased a half dozen anchored community centers, most of which are located in Southern California and Arizona. The...

December 8, 1999 Associated PressDOVER, Ohio – The mayor of Dover says he will work with the state and others to find a company interested in taking over the A-K Steel plant scheduled to close here next month....

December 8, 1999 CARY, N.C. – Konover Property Trust Inc. (NYSE: KPT) has named Daniel J. Kelly to the position of senior vice president and chief accounting officer. In his new position, Kelly will oversee all of the...

December 8, 1999 JERSEY CITY, N.J. – Mack-Cali Realty Corp. (NYSE: CLI) has entered into an agreement with Lincoln Property Co. to contribute its land on the north pier of Harborside Financial Center in Jersey City for the...