November 19, 1999 CDC Capital is planning to securitize $570 million of floating-rate mortgages through underwriter Lehman Brothers, according to Commercial Mortgage Alert.The deal will be backed by 11 short-term loans. It will be co-managed by Bear Stearns.CDC,...
November 19, 1999 SAN BRUNO, Calif. – Atherton Capital Inc. has launched a program through which it will originate loans on properties leased as restaurant, gas station, convenience store, car care and other specialty retail concepts.Atherton will originate...
November 19, 1999From Staff and Wire ReportsMillenium & Copthorne of London has agreed to buy 28 U.S. hotels from Regal Hotels International of Hong Kong in a deal valued at $640 million.Millenium, which is part owned by CDL...
November 19, 1999 CLEVELAND – Associated Estates Realty Corp. (NYSE:AEC) has raised $205 million of mortgage financing from Chase Manhattan Bank.Proceeds of the 28 project-specific mortgages were used to fund the REIT's tender offer for its outstanding senior...
November 18, 1999 Starwood Hotels & Resorts (NYSE: HOT) has filed a Form S-3 (Registration Statement) with the SEC.
November 18, 1999 Fortress Investment Corp. has filed a Form SC 13D/A with the SEC. The filing details Fortress's purchase of an interest in Impac Commercial Holdings (AMEX:ICH).
November 18, 1999 Sunstone Hotel Investors Inc. (NYSE:SSI) has filed a Form 8-K
November 18, 1999 NEW YORK – Clarion Partners has purchased, on behalf of a pension-fund client, the Cheli Distribution Center in Los Angeles for $98.6 million, or nearly $55/sf.The property comprises 14 buildings with some 1.8 million square...
November 18, 1999 3rd-Qtr 993rd-Qtr 989-mos 999-mos 98Net Income (Loss) ($5.5 mln) ($13.2 mln) ($5 mln) ($8.4 mln) Net (Loss)/shr($0.65) ($1.32) ($0.59) ($0.96) Revenue$7.3 mln $11.3 mln $24.3 mln $25.8 mln Shrs outst.8.4 mln 10 mln 8.5 mln...
November 18, 1999 By Dan Whipple, VertiNews.com CorrespondentST. PAUL, Minn. – Ramsey County is soliciting developers for an unusual slice of Mississippi riverfront property – its 121,000-square-foot county jail.The county is building a new detention center elsewhere, freeing...
November 18, 1999 3rd-Qtr 993rd-Qtr 98Net Income (Loss) ($22.5 mln) $0.3 mln Net (Loss)/shr($1.78) $0.03 Revenue$16.5 mln –
November 18, 1999 Capital Trust Inc. (NYSE:CT) has filed a Form DEF 14A proxy statement with the SEC.
November 18, 1999 Hotel approved for downtown BradentonBradenton Herald, November 18BRADENTON, Fla. – County commissioners have recommended approval for a 112-room Country Inns & Suites hotel on property east of the city-owned waterfront property in downtown Bradenton. Fisher...
November 18, 1999 Anthracite Capital Inc. (NYSE:AHR) has filed Form 10-Q with the SEC.
November 18, 1999 PNC Mortgage Acceptance Corp., Series 1999-CM1ClassAmount($mln)Sub. Level(%)RatingS&PRatingFitchAvg.LifePriceTalk(BP)BnchMarkA-1A127.126.76AAAAAA5.7+99-101Treas.A-1B45026.75AAAAAA9.56+118-120Treas.A-241.421.5AAAA9.85+139-142Treas.A-335.4517AA9.9+157-162Treas.A-413.7915.25A-A-9.9+178-183Treas.B-125.612BBBBBB9.9+233-238Treas.B-29.8510.75BBB-BBB-9.9+313-318Treas.
November 18, 1999 CanadianTire opens three new storesThe Edmonton Journal, November 18 EDMONTON – Canadian Tire is investing $22 million for three stores it plans to open this week. The 137,000 square feet of new retail space here...
November 18, 1999 NEW YORK – New Plan Excel Realty Trust Inc. (NYSE:NXL) has negotiated a new $245 million unsecured senior credit facility, replacing a line with a higher interest rate.The new facility consists of two lines: a...
November 18, 1999 McLEAN, Va. – Capital Automotive REIT (NASDAQ:CARS) said it completed $65.3 million of acquisitions during the past month-and-a-half.The purchases involve 13 dealerships in five states. They comprise 522,000-square-feet of building area and 57.8 acres. Average...
November 17, 1999 Starwood Hotels & Resorts (NYSE: HOT) has filed a Form 10-Q/A (Amended Quarterly Report)with the SEC.
November 17, 1999 Resource Asset Investment Trust (NYSE: RAS) has filed a Form SC 13G (Statement ofBeneficial Ownership) with the SEC.
November 17, 1999 ATLANTA – Cousins Properties Inc. (NYSE:CUZ) and Myers Development Co. have formed a venture that acquired a site suitable for an office building in San Francisco for $22 million.The property, which encompasses 25,776 square feet,...
November 17, 1999 Koger Equity Inc. (AMEX:KE) has filed a Form 8-K with the SEC.
November 17, 1999 CUPERTINO, Calif. – Mission West Properties Inc. paid $7.2 million, or $92/sf, for a 77,700-square-foot research and development property in San Jose, Calif.The property is fully leased to Cisco Systems through June 2004.It was purchased...
November 17, 1999 By Genaro C. Armas, Associated PressPHILADELPHIA – For more than eight years, the burned-out remains of One Meridian Plaza stood out as an eyesore among Center City's skyscrapers, a bad reminder of a blaze that...
November 17, 1999 3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $1.9 mln$1.6 mln $6.9 mln $6 mln FFO/shr (diluted) $0.24 $0.22 $0.83 $0.79 Extra Gain (Loss) – ($0.6 mln) ($0.2 mln) ($0.9 mln) Net Income (Loss)$2.6 mln ($1.2 mln) $4.3...
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