January 19, 2001 DALLAS – Amresco Capital Trust (Nasdaq:AMCT) has completed the sale of its remaining three CMBS holdings for $16.5 million.The company's portfolio now consists of five mortgage loans and one equity investment in real estate. As...

January 19, 2001 Condo controversy in Mobile, Ala.Mobile Register, January 19MOBILE, Ala. – The Mobile Planning Commission has rejected a proposed $20 million, 79-unit condominium complex. Stillman D. Knight Jr. planned to build a four-story building about 90...

January 19, 2001 NASHVILLE, Tenn. – Corrections Corp. of America (NYSE:CXW) has received preliminary court approval of the revised terms to settle all outstanding stockholder litigation against the company and certain of its existing and former directors and...

January 19, 2001 Consolidated Properties Ltd. intends to sell subsidiaryPRNewswire, January 19WINNIPEG – Consolidated Properties Ltd.'s Board of Directors and Mercedes Corp. have agreed to discuss selling shares of Mercedes Corporation to a company to be incorporated by...

January 19, 2001 TORONTO – Gregory W. Sullivan will step down as executive vice president and chief financial officer of TrizecHahn, effective at the end of January.Sullivan has been commuting from Boston to the Toronto headquarters since August...

January 19, 2001 SANTA FE, N.M. – John H. Gardner Jr. has joined Thornburg Realty Advisors LLC as chief operating officer. Prior to joining Thornburg, Gardner headed Focus Capital Advisors LLC, which he formed to provide capital raising...

January 19, 2001NEW YORK – Standard & Poor's has given its double-B-minus rating to MeriStar Hospitality Operating Partnership LP's proposed $300 million senior unsecured note offering.The outlook is positive, S&P says. The deal's other classes were affirmed.The action...

January 18, 2001 BOSTON – Despite the recent reports of an impending recession, top real estate markets in the United States continue to post strong growth, according to Colliers International, a partnership of more than 40 commercial real...

January 18, 2001 Report: Commercial real estate fundamentals to remain positive in 2001Canada Newswire, January 18TORONTO – The Canadian commercial real estate market had another strong year in 2000, according to Colliers International's annual Canadian Real Estate Review...

January 18, 2001 CRANFORD, N.J. – Mack-Cali Realty Corp. (NYSE:CLI) has signed 10 leases with six companies for office space totaling 257,550 square feet at several of its New York, New Jersey and Pennsylvania properties.The lease transactions are...

January 18, 2001 Credit Suisse First Boston Securities Trust 2001-FL1ClassAmount($mln)Sub. Level(%)RatingS&PRatingMoody'sRatingFitchAvg.LifePriceTalk(BP)BenchMarkA247.538.5AAAAAAAAA2+26-28LiborB24.132.5NRNRAA2.4+45-50LiborC28.225.5NRNRA2.4+80-85LiborD28.218.5NRNRBBB2.3+175-180LiborE816.5NRNRBBB-2.7+225-230Libor

January 18, 2001 NEW YORK – John R. Shain has been appointed a principal of Prudential Real Estate Securities Investors, a unit of Prudential Real Estate Investors.He will manage the North American Property SecuritiesTrust, for which Prudential Real...

January 18, 2001 By Brad Berton, Commercial Real Estate Direct Contributing Writer TDK USA Corp.'s semiconductor unit has purchased a 164,330-square-foot manufacturing, distribution and office facility in Anaheim, Calif., from Fujitsu Ltd.'s business communications systems for almost $12.4...

January 18, 2001 Commercial Real Estate DirectA Taiwan-based investor group operating as SY Ventures II and SY Ventures V has acquired most of the Chino Spectrum Marketplace power center in Chino, Calif. The group bought the property from...

January 18, 2001 INDIANAPOLIS – Simon Property Group Inc. (NYSE:SPG) and its partnership subsidiary Simon Property Group LP has completed the private placement of $500 million of debt securities.The issue included $300 million of 7.675 percent notes due...

January 18, 2001 Commercial Real Estate DirectA commercial mortgage-backed securities bid list containing about 15 non-investment grade bonds is due to come to market at 1:30 p.m. EST today.The $100 million list contains mostly single-A, triple-B or triple-B-minus...

January 18, 2001 Industry news: CarrAmerica sells buildings, land for $33.37 Mln in Boca Raton, Fla.Daily Business Review, January 18BOCA RATON, Fla. – CDR Glades LLC has purchased office buildings west of 22nd Avenue and north of Executive...

January 18, 2001 VALENCIA, Calif. – Newhall Land and Farming Company (NYSE:NHL) Chairman and Chief Executive Thomas L. Lee will retire effective March 31.Gary M. Cusumano, the current president and chief operating officer, has been appointed by the...

January 18, 2001 STONE MOUTNAIN, Ga. – Wells Real Estate Funds has sold the Crowe's Crossing retail center for $6.8 million to Infinity Property Management Corp.The 93,728-square-foot shopping center, which sits on South Hairston Road, is 100 percent...

January 18, 2001 RENTON, Wash. – Unico Properties Inc. has sold several office properties to an affiliate of HAL Real Estate Investments Inc. for $83.3 million.The properties, which comprise more than 670,000 square feet, are: One, Two and...

January 17, 2001 NEW YORK – Standard & Poor's has raised its ratings on two classes of Credit Suisse First Boston Mortgage Securities Corp.'s commercial mortgage pass-through certificates series 1998-FL1 and affirmed one other class.The rating agency has...

January 17, 2001 Westbrook Partners LLC has promoted three of its team to the added position of managing principal.Those promoted are: Rachel V. Brannan, chief financial officer, Mary I. Harris, director of investor relations; and Scott R. Fitzgerald,...

January 17, 2001 NEW YORK – A 38,000-square-foot parking lot, the last undeveloped parcel in Times Square, has been sold for $111 million, according to reports today in New York City's daily newspapers.The family of Paul Milstein beat...

January 17, 2001 RioCan begins third phase of RioCan Colossus CentreBusiness Wire, January 17TORONTO – RioCan REIT and Trinity Development Group Inc. have purchased 5.56 acres of land for a $12.5 million expansion of RioCan Colossus Centre in...

January 17, 2001 SAN FRANCISCO – Catellus Development Corp. (NYSE:CDX) today signed an agreement with marchFIRST to terminate its lease for a future 270,000-square-foot office building at Mission Bay.Catellus is continuing its plans to develop and lease the...