December 15, 2000 NEW YORK – Standard & Poor's today revised its outlook on Rouse Co. to stable from positive and affirmed the mall REIT's triple-B corporate credit rating.The outlook revision reflects general concerns that the retail sector...

December 15, 2000 Wal-Mart plans to build storeThe Edmonton Journal, December 15CLAREVIEW – Wal-Mart is planning to build a 128,000-square-foot store at the Clareview Town Centre. The developer, First Professional Management Inc., would build the store at the...

December 15, 2000 Commercial Real Estate DirectSources close to the deal say that the $713.1 million GE Capital Mortgage Corp., 2000-1, commercial mortgage-backed securities transaction that was in the market this week will price sometime Monday.Price talk for...

December 15, 2000 WASHINGTON – CarrAmerica Development Inc. has named Kenneth A. Kristofek to vice president and director of development for Texas.Kristofek will be located in the Dallas office and will handle development activity for CarrAmerica's Austin market...

December 15, 2000 LOS ANGELES – KWI Property Fund I LP, a $250 million fund formed by Kennedy-Wilson International (Nasdaq:KWIC) earlier this year, has purchased three office properties totaling 576,092 square feet. The properties are: the 11-story, 162,150-sf...

December 15, 2000 (NewsTraders.com) – UBS Warburg analyst Jeff Olson lifted his opinion today on real estate investment trusts General Growth Properties (NYSE:GGP) and Simon Property Group (NYSE:SPG) to strong buy from buy.Olson said he made the move...

December 15, 2000 TORONTO – Canadian Apartment Properties REIT has purchased a 14-story luxury apartment building in Mississauga for C$19.6 million (US$12.9 million).The 199-suite building, located at 1355 Silver Spear Road, is adjacent to a property it currently...

December 15, 2000 Dai-Ichi Life Investment Properties Inc. has retained Jones Lang LaSalle to market the Citigroup Center at 153 E. 53rd St. Early news reports suggested that after Dai-Ichi worked out a deal with co-owner Citigroup to...

December 15, 2000 SEATTLE – PD Hotel Associates, a joint venture between Dow Hotel Company and Prudential Real Estate Investors purchased the 296-suite Rosemont Suites at O'Hare in Rosemont, Ill., for an undisclosed amount.The hotel is located at...

December 15, 2000 TENG & Associates, a Chicago-based architectural and urban planning firm, has paid $10 million for a prime development site in Chicago's Central Loop.The 24,088-square-foot parcel at 111 West Wacker Drive is located within a B6-7...

December 15, 2000 Commercial Real Estate Direct Staff ReportPhilip Pilevsky, the New York investor who took his real estate holdings public in 1997 through Philips International (NYSE:PHR), is buying back some of the REIT's holdings.Philips International is in...

December 15, 2000 MortgageRamp and EquityCity plan to integrate their two separate Web sites with their respective lending and equity services.As a result, both sites will offer their users access to equity capital, permanent mortgages, due diligence and...

December 15, 2000 NEW YORK – The board of SL Green Realty Corp. (NYSE:SLG) has increased the REIT's common stock dividend to 38.75 cents/share, from 36.25 cents/share.The dividend represents a 10 cents/share increase on an annualized basis. It...

December 15, 2000NEW YORK – RFR Holdings LLC has closed on the sale of the 770,000-square-foot Seagram building in midtown Manhattan.As reported in October,Teachers Insurance Investment fund had agreed to sell the 38-story building located at 375 Park...

December 15, 2000 DaimlerChrysler Capital Services has provided $25.5 million in acquisition financing for two Class-B office properties, totaling 220,000 square feet, in Newtown and Paoli, Pa. Terms of the transaction were not disclosed.First Evergreen Group of Roseland,...

December 15, 2000 SANTA MONICA, Calif. – Macerich Co. (NYSE:MAC) said it has lined up a $77.5 million fixed-rate mortgage that it used to refinance the Stonewood Mall, a 927,000-square-foot regional mall in Downey, Calif.The name of the...

December 15, 2000 SANTA MONICA, Calif. – Macerich Co. (NYSE:MAC) said it expects to report funds from operations (on a diluted basis) of $2.96 to $3.02/share for 2001.That's below current analysts' expectations of $3.05/share, according to a survey...

December 15, 2000 GE capital Real Estate buys Concourse Center building for $17 MlnThe Birmingham News, December 15BIRMINGHAM, Ala. – GE capital Real Estate has purchased the Concourse Center building in Riverchase from Harbert Corp. for $17 million....

December 14, 2000 COLUMBIA, Md. – The Rouse Co. has formed a joint venture with Stoltz Bros. Ltd. to which it sold 37 office/flex industrial properties and several undeveloped parcels for $85 million.The properties that Rouse contributed are...

December 14, 2000 SAN FRANCISCO – BRE Properties Inc. (NYSE:BRE) has named Bradley P. Griggs as executive vice president and chief investment officer.Griggs will manage 12 local market developers and builders in Northern California, San Diego, Los Angeles/Orange...

December 14, 2000 2.5 million-sf warehouse planned for Hillsborough CountyThe Tampa Tribune, December 14TAMPA, Fla. – Hadar Corp. is planning to build a 2.5 million-square-foot industrial warehouse and distribution center in Madison Business Park. Plans also would call...

December 14, 2000 MELBOURN, Australia – Standard & Poor has given its triple-B-plus rating to Commercial Investment Trust. The outlook is stable.The action is a result of CIT's above-average asset quality, strong tenant profile and moderately conservative financial...

December 14, 2000 ALEXANDRIA, Va. – AvalonBay Communities Inc. (NYSE:AVB) has priced a $200 million offering of medium-term notes.The 10-year notes, which mature on Dec. 15, 2010, were priced to yield 7.613 percent. They were issued at 99.221...

December 14, 2000 LB-UBS Commercial Mortgage Trust, Series 2000-C5ClassAmount ($mln)Sub. Level (%)Rating Moody'sRating S&PAvg. LifePrice Talk(BP)Priced(BP)BenchMarkA-1352.420.5AaaAAA5.87+29 area+32SwapsA-2439.420.5AaaAAA9.71+41 area+41SwapsB44.816Aa2AA9.9+58 area+58SwapsC44.811.5A2A9.9+73 area+73SwapsD14.910A3A-9.9+83 area+85SwapsE7.49.25Baa1BBB+9.9+125 area+128SwapsF12.48Baa2BBB9.9+130 area+130SwapsG9.97Baa3BBB-9.9+275 area+275Treas.X*996NAAaaAAA8.41+375**+375Treas.*Notional amount, interest only.**At 100 percent CPR.

December 14, 2000 ELMSFORD, N.Y. – Extended StayAmerica Inc. (NYSE:ESA) has opened a seven-story Extended StayAmerica Efficiency Studios brand hotel at 118 Tarrytown Road.The 136-unit hotel, which is the company's eighth hotel in the state, has weekly room...