November 24, 1999 Commercial Real Estate Direct will be closed Thursday and Friday, Nov. 25 and Nov. 26, for the Thanksgiving holiday.

November 24, 1999 By Brad Berton, VertiNews.com Contributing EditorBurnstead Construction, a Puget Sound-area developer, has acquired about 23.2 acres within a master-planned community in Mukilteo, Wash.The Bellevue, Wash., company paid about $3.8 million for the land, on which...

November 24, 1999 HORSHAM, Pa. – GMAC Commercial Mortgage Corp. has arranged $40 million of financing for the construction of a multi-family complex in Los Angeles.The Fountain Park Apartments, located at the intersection of Lincoln and Jefferson Boulevards,...

November 24, 1999 By Debra Beachy, VertiNews.com CorrespondentThe University of New Orleans is getting into the speculative real estate business. Through a joint venture with Lakefront Development LLC, the university is building an 80,000-square-foot office building in its...

November 24, 1999 DALLAS – Trammell Crow Co. (NYSE:TCC) has named Mark L. Keschl as principal in its retail services unit.Keschl will lead the company's Chicago retail division and work with Steve Wells, managing director. He formerlyl was...

November 24, 1999 NEW YORK – New Plan Excel Realty Trust Inc. (NYSE:NXL) paid about $10 million for Westland Crossing, a 142,000-square-foot community shopping center in Westland, Mich.The property is about 85 percent occupied. It is anchored by...

November 24, 1999 Clarion Commercial Holdings (NYSE:CLR) has filed Form 8-K with the SEC. The filing details the firm's extension of an existing share buy-back program.

November 24, 1999 The $1 billion commercial mortgage-backed securities deal that First Union and Merrill Lynch are planning for the coming weeks will include a higher-than-usual amount of multi-family loans.Go to Previous Story in the VertiNews.com ArchiveMore than...

November 24, 1999 Associated PressFORT MILL, S.C. – After months of negotiations and second chances, York County in South Carolina has finally nabbed Muzak Corp.'s new corporate headquarters. Muzak, which is headquartered in Seattle, has signed a letter...

November 24, 1999 SAN DIEGO, Nov. 19 /PRNewswire/ -- Burnham Pacific Properties Inc. (NYSE:BPP) obtained a $202.8 million credit facility with GE Capital Corp. The one-year credit line replaces a smaller credit line with Nomura Asset Capital Corp....

November 24, 1999 Associated PressTOKYO – Toyota Motor Corp. reportedly plans to build a second manufacturing plant at its newest factory site in the United States to ward off possible trade friction amid surging exports from Japan. The...

November 23, 1999 Sunstone Hotel Investors Inc. (NYSE:SSI) has filed a Form 15-12G B (Certification of Termination of Registration) with the SEC. The filing relates to the company's merger into Westbrook.

November 23, 1999 IRT Property Co. (NYSE: IRT) has filed a Form 8-K with the SEC.

November 23, 1999 ROCKVILLE, Md. – Federal Realty Investment Trust (NYSE:FRT) has sold $175 million of 10-year notes at a price of 99.416 percent of face value. The notes pay a semi-annual interest rate fixed at 8.75 percent....

November 23, 1999 DALLAS – Prentiss Properties Trust (NYSE:PP) recovered $42.8 million from the sale of four properties and purchased a soon-to-be-vacant office building in Chicago for $87.3 million.The REIT sold the Gateway International, a 203,400-square-foot office building...

November 23, 1999 Allied Capital Corp. (NASDAQ:ALLC) has filed a Form 497 Registration Statement related to the sale of up to 6 million common shares.The offering would raise nearly $120 million at Allied's current share price. Allied Capital...

November 23, 1999 CHICAGO – Trammell Crow Co. (NYSE:TCC) has hired Kenneth J. Szady as senior vice president in its Investment Sales & Finance Group.Szady was formerly vice president of investment banking at Jones Lang LaSalle, where he...

November 23, 1999Hotelier eyes 330-acre parcelOrlando Sentinel, November 23ORLANDO, Fla. – Local hotelier Harris Rosen has found 330 acres on which he'd like to build a megaresort, but Orange County taxpayers own the land near the end of...

November 23, 1999 Kanata Research Park eases Nortel's squeezeThe Ottawa Citizen, November 23OTTAWA – Tightening the city's office supply with one swipe of the pen, Nortel Networks has snapped up 80 percent of a major new Kanata office...

November 23, 1999 Tiffany & Co. has purchased its headquarters building at the corner of Fifth Avenue and 57th Street for $94 million, or $758/sf, according to reports in the New York Times and New York Post.The upscale...

November 23, 1999 NEW YORK – An investment team made up of RFR Holding LLC and GREIO, a unit of Citigroup Investments, has paid $102 mllion, or nearly $222/sf, for 757 Third Ave., a 460,000-square-foot office building in...

November 23, 1999 LOS ANGELES – J.P. Morgan Mortgage Capital Inc. has provided an $18.7 million mortgage on 3600 Wilshire, a 373,000-square-foot office building in Los Angeles.The loan was extended to 3600 Wilshire LLC and was placed by...

November 23, 1999 LOS ANGELES – J.P. Morgan Mortgage Capital Inc. provided $11.5 million of fixed-rate financing for the Wilshire Hobart, a 257,700-square-foot office building in suburban Los Angeles.The loan was placed by L.J. Melody & Co., a...

November 22, 1999 Barry Sternlicht and entities that he controls have filed a Form SC 13D/A with the SEC. The amended statement of beneficial ownership relates to Starwood Financial Trust's (NYSE:SFI) conversion to a corporation from a REIT....

November 22, 1999 JACKSONVILLE, Fla. – Koger Equity Inc. (NYSE:KE) has completed construction of the Landstar Building in Jacksonville.The corporate headquarters, which is leased to Landstar System Holdings Inc. for 15 years, is situated in the northeast quadrant...