December 14, 1999 BALTIMORE – Municipal Mortgage & Equity LLC (NYSE:MMA) has structured $14.2 million of tax-exempt mortgage revenue bonds for the property known as Meridian at Bridgewater, an assisted-living facility in Bridgewater, N.J.The 30-year bonds, issued by...

December 14, 1999 REIT to focus on Orlando holdingsOrlando Sentinel, December 14ORLANDO, Fla. – Highwoods Properties is closing next week on the sale of 21 properties in Orlando and Tampa for $165.3 million. But the REIT is moving...

December 14, 1999 Wellington Properties Trust (NYSE: RPP) has filed a Form DEF 14A (Definitive Proxy Statement) with the SEC.

December 14, 1999 SAN FRANCISCO – T. Robert Burke, chairman and a founder of AMB Property Corp. (NYSE:AMB) will retire at the end of the year. His retirement was one of several executive changes announced by the REIT...

December 14, 1999 NEW YORK – Cornerstone Properties (NYSE:CPP) paid a private investment partnership $36 million for Parkside Towers, a fully entitled development project in Foster City, Calif.At the same time the REIT sold Belmont Shores, a 142,000-square-foot...

December 14, 1999NEW YORK – Stephen B. Hansen, former senior vice president with Boston Financial, has joined Clarion Partners as a director responsible for portfolio management and investment activities.Clarion, a pension-fund adviser, manages some $8 billion of real...

December 14, 1999 NORTHBROOK, Ill. – Allied Capital Corp. (NASDAQ:ALLC) has sold a 160,000-square-foot office building in Columbia, Md., for $22 million, or $138/sf.The building, which serves as Amerix Corp.'s headquarters, was purchased by Corporate Property Associates 14...

December 13, 1999 LOS ANGELES – Kilroy Realty Corp. (NYSE:KRC) is launching a share repurchase program for up to three million of the company's common shares.The potential repurchase equals about 11 percent of the company's outstanding shares. The...

December 13, 1999 Capital Group International and Capital Guardian Trust Co. have filed a Form SC 13G with the SEC detailing their holdings in Indymac Mortgage Holdings Inc. (NYSE:NDE). Capital Group holds 7.83 million shares, or 10.2 percent,...

December 13, 1999 NORTH MIAMI BEACH, Fla. – Equity One Inc. (NYSE:EQY) has completed a tax-deferred exchange of a shopping center in Texas for one in Jacksonville, Fla.The REIT sold Four Corners Shopping Center in Tomball, Texas, for...

December 13, 1999 Wallace R. Weitz & Co. has filed a Form SC 13G/A with the SEC that relates to Weitz's acquisition of 2.1 million common shares in Redwood Trust Inc. (NYSE:RWT).

December 13, 1999First Union National Bank, Commercial Mortage Trust, Series 1999-C4ClassAmount($mln)Sub. Level(%)RatingS&PRatingDuff & PhelpsAvg.LifePricetalk(BP, Treas.)PriceTalk(BP, Libor)A-120626.25AAAAAA5.4+98-100+28-30A-1447.326.25AAAAAA9.7+118-120+37-39.B through F*144--AA to BBB-AA to BBB---Not offered--G33.26.25BB+NR**10.8----H11.15BBNR11.6----X885.8--AAArAAA9N/A**N/A* Classes B through F, rated AA to BBB-, were pre-purchased and therefore not available.** Not...

December 13, 1999 HOUSTON – Weingarten Realty Investors (NYSE:WRI) has sold, for $59 million, an 80 percent stake in a 2 million-square-foot portfolio of industrial properties in the Houston area.The portfolio also included 131 acres of unimproved land...

December 13, 1999 NEW YORK – Millennium Partners has secured a $307-million construction loan from a consortium of banking institutions for the development of its mixed-use development at Millennium Place in Boston. The banking institutions providing the loan...

December 13, 1999 Palm Beach Gardens sale could set new recordSouth Florida Business Journal, December13PALM BEACH GARDENS, Fla. – Lost Tree Village Corp. has reportedly signed a contract to buy the year-old PGA Financial Plaza in Palm Beach...

December 13, 1999 B.C. funds grab CIBC propertiesThe Globe and Mail, December 11 TORONTO – In what some observers say is the largest real estate sale in the country's history, the British Columbia government's investment arm scooped up...

December 13, 1999 WHITE PLAINS, N.Y. – Starwood Hotels & Resorts Worldwide (NYSE:HOT) has formed a venture with Ritz Plaza Hotel Associates, the owner of the Ritz Plaza Hotel in Miami's South Beach area, to renovate and redevelop...

December 13, 1999 WASHINGTON – New York City has been named the best place in which to invest by foreign real estate investors.For the first time ever, New York topped such U.S. cities as Washington, which came in...

December 13, 1999 CONSHOHOCKEN, Pa. – CV Reit Inc. (NYSE:CVI) and Kranzco Realty Trust (NYSE:KRT) have agreed to merge. The resulting company will be called Kramont Realty Trust.Under the agreement, each Kranzco and CV REIT share will be...

December 13, 1999 NEW HYDE PARK, N.Y. – Kimco Realty Corp. (NYSE:KIM) paid $57 million for eight stores that were rented to Hechinger Stores under a master lease agreement.The REIT acquired the fee position of seven stores and...

December 10, 1999 United Investors Realty Trust (NYSE:UIRT) has filed a five Form 4 statements (Statements of Changes of Beneficial Ownership) with the SEC.

December 10, 1999 Mack Cali Realty Corp. (NYSE:CLI) has filed a Form 4 (Statement of Changes of BeneficialOwnership) with the SEC.

December 10, 1999 Prison Realty Trust Inc. (NYSE:PZN) has filed a Form SC 13G (Statement of BeneficialOwnership) with the SEC.

December 10, 1999 CHATHAM, N.J. – Wellsford/Whitehall Group LLC, a venture between Wellsford Real Properties Inc. (AMEX:WRP) and Goldman Sachs' Whitehall Street Real Estate Fund, has leased an office building it owns in Northern New Jersey to Compaq...

December 10, 1999 Associated PressTORONTO (Canadian Press) – CIBC has sold its Commerce Court headquarters building and six other office buildings around the country to the British Columbia government employee pension fund. Financial details of the sale, announced...