December 12, 2000 ATLANTA – An investment fund sponsored by Shoptaw & Garrard has received $79.5 million of mortgage debt to refinance 12 loans on six apartment properties in Georgia, Florida, Tennessee and South Carolina. Fannie Mae provided...

December 12, 2000 Boca Raton-based company to build $20 Mln HQBoca Raton News, December 12BOCA RATON – Oc? Printing Systems USA is planning a $20-million headquarters in Arivida Park of Commerce. The three-story building will contain 94,000 square...

December 12, 2000 Go To Fitch's Presale Report. GE Capital Commercial Mortgage Corp., Series 2000-1ClassAmount($mln)Sub. Level(%)RatingFitchRatingMoody'sAvg.LifePriceTalk(BP)BenchMarkA-1112.523.5AAAAaa5.7+28-30SwapsA-243323.5AAAAaa9.79+40-42SwapsB28.519.5AAAa29.9+55-59SwapsC3215AA29.9+70-76SwapsD8.913.75A-A39.9+80-86SwapsE23.110.5BBBBaa29.9+125 areaSwapsX*713.1NAAAAAaaNA+370 area**Treas.*Interest only, notional amount.**At 100 percent CPY.

December 12, 2000 The sudden influx of commercial mortgage-backed securities deals in the market has not stifled the holiday spirit at some investment banks. Included in Credit Suisse First Boston's CMBS Market Watch this week was an "Ode...

December 12, 2000NEW YORK – Wellsford Real Properties Inc. (AMEX:WRP) has promoted James J. Burns to chief financial officer from chief accounting officer.Burns replaces Jeffrey Lynford who will continue as chairman of the company.Additionally, Mark P. Cantaluppi, currently...

December 12, 2000 NEW YORK – Fitch has removed Criimi Mae Services LP's commercial mortgage servicer ratings from Rating Watch Negative and affirmed its primary servicer rating at 'CPS3', its master servicer rating at 'CMS3', and its special...

December 12, 2000 BOSTON – Visible Markets Inc., a fledgling online trading platform, has handled $1 billion of fixed-income securities trades since its June inception.The firm, which facilitates trading in commercial mortgage-backed securities, collateralized mortgage obligations, asset-backed securities...

December 12, 2000 GMAC Commercial Mortgage provided $142 million of financing for 14 Wall Street in downtown Manhattan. A story published on Dec. 11 incorrectly identified the lender.

December 12, 2000 NEW YORK – Fitch has withdrawn Crown NorthCorp's (OTC:ASET) master servicer rating of 'CMS3'.The rating agency also downgraded Crown's primary servicer rating to 'CPS3' from 'CPS2' and its special servicer rating to 'CSS3' from `CSS2'....

December 12, 2000Commercial Real Estate Direct Staff ReportReaxon Net Technologies, a venture formed by Morgan Stanley Dean Witter and KPMG Peat Marwick to develop an Internet-based loan-origination application, has hired John Prout from Madison Real Estate Technologies Inc.Prout,...

December 12, 2000 VANCOUVER, B.C. – In order to avoid a conflict of interest, William A. Scully, a partner of Apollo Real Estate Advisors, has resigned as a director of Imperial Parking Corp. (AMEX:IPK).Apollo's Investment Fund II LP...

December 12, 2000 Andalex Group, a New York firm run by developer Allen Silverman, is buying 380 Madison Avenue in Midtown Manhattan in a complex deal valued at $350 million, or $412/sf.The company is taking over the building...

December 12, 2000 ROSELAND, N.J. – Chelsea GCA Realty Inc. (NYSE:CCG) is changing its name to Chelsea Property Group Inc., effective Jan. 1.As a result, the New York Stock Exchange will begin using the company's new trading symbol,...

December 11, 2000 Hillwood Development Corp.'s new affiliate, Teraspace Networks, will build and operate seven carrier hotels in three states, providing 2.5 million square foot in Dallas-Fort Worth alone.The seven sites will cost roughly $500 million to develop,...

December 11, 2000 Go To Moody's Presale Report.Go To S&P's Presale Report.LB-UBS Commercial Mortgage Trust, Series 2000-C5ClassAmount($mln)Sub. Level(%)RatingMoody'sRatingS&PAvg.LifePriceTalk(BP)BenchMarkA-1352.420.5AaaAAA5.87+29 areaSwapsA-2439.420.5AaaAAA9.71+41 areaSwapsB44.816Aa2AA9.9+58 areaSwapsC44.811.5A2A9.9+73 areaSwapsD14.910A3A-9.9+83 areaSwapsE7.49.25Baa1BBB+9.9+125 areaSwapsF12.48Baa2BBB9.9+130 areaSwapsG9.97Baa3BBB-9.9+275 areaTreas.X*996NAAaaAAA8.41+375**Treas.*Notional amount, interest only.**At 100 percent CPR.

December 11, 2000 Commercial Real Estate Direct Staff ReportMassMutual Financial Group is providing about $65 million of financing to the investment team that purchased the Sawgrass Marriott Resort and Beach Club in Ponte Vedra Beach, Fla.The loan is...

December 11, 2000 DALLAS – Neither Transcontinental Realty Investors Inc. (NYSE:TCI) nor Income Opportunity Realty Investors Inc. (AMEX:IOT) will pay a fourth quarter dividend on common stock.The boards of directors at both Dallas-based real estate firms decided against...

December 11, 2000WASHINGTON, D.C. – The Society of Industrial and Office Realtors has elected a new slate of officers, starting with Stephen F. Blau, who was named president of the 2,700-member organization.Blau is vice president of business development...

December 11, 2000 MENLO PARK – Brocade Communication Systems Inc. has signed a 12-year lease for the entire 195,000-square-foot, third office tower at Spieker Properties' (NYSE:SPK) $155 million Skyport development project at the San Jose International Airport.Terms of...

December 11, 2000 Special to Commercial Real Estate DirectKFPLB Michelson Jamboree LLC, which recently purchased the 42-acre Parker Aerospace parcel in Irvine, Calif., is said to be planning to redevelop a big chunk of the property into a...

December 11, 2000 NEWPORT BEACH, Calif. – Nationwide Health Properties Inc. (NYSE:NHP) will only receive part of December's rent from Balanced Care Corp. (Amex: BAL), one of its major tenants.A meeting is scheduled for Wednesday, Dec. 13, to...

December 11, 2000 PITTSBURGH – TimesSquare Real Estate Investors, Cigna Corp.'s pension fund advisory arm, has purchased the Sawgrass Marriott Resort and Beach Club in Ponte Vedra Beach, Fla.As previously reported, TimesSquare purchased the 508-unit hotel in partnership...

December 11, 2000 Acktion Corporation to increase to C$2.60 per sharePRNewswire, December 11TORONTO – Acktion Corporation (TSE:ACK)has agreed with Revenue Properties Co. Ltd. (TSE:RPCLF ) to increase its offer to C$2.60 per share. Last month the board of...

December 11, 2000 NEW HYDE PARK, N.Y. – Joseph Kornwasser, senior vice president of Kimco Realty Corp. (NYSE:KIM), is leaving to pursue "other business interests," according to Kimco.Kornwasser joined Kimco as a result of the REIT's 1998 merger...

Correction: GMAC Lends $142 Mln on Lower Manhattan OfficesGMAC Commercial Mortgage provided $142 million of financing for 14 Wall Street in downtown Manhattan. A story published on Dec. 11 incorrectly identified the lender.December 11, 2000An investment team led...