December 8, 2000 JACKSONVILLE, Fla. – The St. Joe Co. (NYSE:JOE) will repurchase shares from The Alfred I. DuPont Testamentary Trust and its beneficiary, The Nemours Foundation, allowing it to accelerate its share buy-back program.Every Monday over a...

December 8, 2000 LOS ANGELES – The owners of the former Ambassador Hotel site in central Los Angeles today filed a reorganization plan to resolve the 10-year legal dispute with the L.A. Unified School District over development of...

December 8, 2000 E-commerce development lacks takersMontreal Gazette, December 7MONTREAL – Canderel Ltd. and Axor Group may be extricating themselves from E-Commerce Place, a controversial C$700 million (US$460.5 million) real-estate development. Rumor has it that the team is...

December 8, 2000 KENNETT SQUARE, Pa. – The New York Stock Exchange has agreed to keep ElderTrust (NYSE:ETT) a listed stock and monitor the equity healthcare REIT's performance through Jan. 11, one week after the company has a...

December 8, 2000 MENLO PARK, Calif. – Spieker Properties LP has sold $200 million of investment grade rated 10-year unsecured notes.Proceeds from the offering will be used to repay $100 million of unsecured notes due to mature Dec....

December 8, 2000 CHICAGO – LaSalle Investment Management has named Steve Bolen, senior vice president, to head its newly formed group that was established to invest in the medical office building sector.Prior to joining LaSalle Investment Management, Bolen...

December 8, 2000 CRANBURY, N.J. – Anixter Inc., distributor of cabling and associated devices for digital networks, has signed a 10-year lease for 296,044 square feet of distribution space in ProLogis Development Services' Cranbury Business Park. Terms of...

December 8, 2000 By Thomas J. Walsh, Commercial Real Estate Direct Senior WriterA story posted yesterday regarding CMBS market activity for the week erroneously reported price talk for the 10-year triple-A tranche of the $996 million Lehman-UBS Warburg...

December 7, 2000Lehman Bros. Floating-Rate Commercial Mortgage Trust 2000-LLF C7ClassAmount($mln)Sub. Level(%)RatingS&PAvg.LifePriceTalk*(BP)Priced(BP)BenchMarkA1,09624AAA1.59+22 area+231-mo. LiborB39.721.25AA+2.49+32 area+321-mo. LiborC3618.75AA2.53+37 area+371-mo. LiborD21.617.25AA-2.58+45 area+451-mo. Libor* Private "A-B-C" deal; pricing on only four of the deal's 27 tranches listed by Standard & Poor's available.

December 7, 2000 LOS ANGELES – Cushman & Wakefield's financial services group represented two separate clients in the sale of three multifamily complexes, for more than $65 million.Heitman Capital Management sold a 120-unit apartment community in Cupertino, Calif.,...

December 7, 2000 CHICAGO – Security Capital Group Inc. (NYSE:SCZ) and SC-U.S. Realty (NYSE:RTY) have set a record date for shareholders to vote on their proposed $1.4 billion merger.Shareholders of record at Security Capital and at SC-U.S. Realty...

December 7, 2000 NASHVILLE, Tenn. – Irving E. Lingo Jr. has joined Corrections Corporation of America (NYSE:CXW) as chief financial officer. Lingo will be responsible for financial accounting and reporting, including SEC compliance, and also will coordinate investor...

December 7, 2000 First Industrial Realty Trust Inc. has sold 35 industrial holdings on Long Island, N.Y., to Long Island Industrial Investors LLC, an investor group led by Ruben Schron for $180 million.The properties total 3.5 million square...

December 7, 2000 NEW YORK – Fitch has upgraded two classes in the Danbury Fair Mall's 1994 $52.5 million commercial mortgage and affirmed three other classes.The rating agency has upgraded class A-1 and class A-2 to double-A-plus from...

December 7, 2000 Tampa Bay Hotel plannedThe Tampa Tribune, December 7, 2000TAMPA BAY, Fla. – Westin Hotels & Resorts will build a 300-unit luxury hotel at Tampa Bay 1, the $200 million office and retail center planned for...

December 7, 2000 Salomon Bros. Commercial Mortgage Trust 2000-C3ClassAmount($mln)Sub. Level(%)RatingS&PRatingMoody'sAvg.LifePriceTalk(BP)BenchMarkA-1180.723AAAAaa5.7+28-29SwapsA-2523.623AAAAaa9.37+41-42SwapsB43.418.25AAAa29.82+56-59SwapsC35.514.25AA29.9+71-74SwapsD13.712.75A-A39.91+81-84SwapsE13.711.25BBB+Baa19.91+120 areaSwapsF13.79.75BBBBaa29.91+130 areaSwapsG13.78.25BBB-Baa39.91+280 areaTreas.IO914.6NAAAAAaa8.82NANA

December 7, 2000 BINGHAM FARMS, Mich. – Malan Realty Investors Inc. (NYSE:MAL) has elected Edward T. Boutrous to its board of directors. Boutrous, is the managing member of The Boutrous Cos. LLC, an Auburn Hills, Mich.-based developer of...

December 7, 2000 GMAC Commercial Mortgage Securities Inc., Series 2000-C3ClassAmount($mln)Sub. Level(%)RatingFitchRatingMoody'sAvg.LifePriceTalk(BP)Priced(BP)BenchMarkA-1148.521.25AAAAaa5.7+29-31+30SwapsA-2855.221.25AAAAaa9.7+41-43+43SwapsB54.217AAAa29.9+56-58+60SwapsC57.312.5AA29.9+71-73+75SwapsD12.711.5A-A39.9+81-83+85SwapsE358.75BBBBaa29.9+130 area+135SwapsF19.17.25BBB-Baa39.9+295 area+290Treas.G8NANRNRNRNA+400Treas.H9.85.85NABa1--------J25.53.85NABa2--------K4.43.5NABa3--------L9.52.75NAB1--------M15.91.5NAB2--------N3.11.25NAB3--------O3.11NACaa2--------P12.722.5NANR--------X*1274.7NAAAAAaaNANA+400**Treas.*Interest only, notional amount.**At 100 percent CPY.

December 6, 2000 DENVER – Great Lakes REIT (NYSE:GL) has sold an office building in Englewood, Colo., to AT& T Broadband for $27.4 million, or about $148/sf. The REIT bought the 184,000-square-foot office at 183 Inverness Drive two...

December 6, 2000Parkway Properties Inc. (NYSE:PKY) and Sterling American Equities have agreed to buy a 75 percent interest in a portfolio of 11 office buildings from Equitable Life Assurance Society of the U.S. in a deal that values...

December 6, 2000 WASHINGTON – Bernstein Cos.' Consortium Capital Fund and an affiliate of Lerner Enterprises have acquired 2100 M Street NW in Washington, D.C., for $56.6 million, or $190/sf.The eight-story building has about 300,000 square feet and...

December 6, 2000 Security Capital Group Inc. (NYSE:SCZ) has reduced its stake in Archstone Communities Trust (NYSE:ASN) to 25.9 percent, after an $86.7 million stock sale closed yesterday.Security Capital last week agreed to sell nearly 3.8 million shares...

December 6, 2000 WASHINGTON – Public equity REITs saw funds from operations climb by 10.2 percent in the third quarter when compared to the same period last year.And when equity REITS are combined with public real estate operating...

December 6, 2000 SAN DIEGO – Burnham Pacific Properties has recovered $48.7 million from the sale of two retail centers, one in California and one in Washington to the Retail Value Investment Program, a joint venture between Developers...

December 6, 2000 Building Permits Top C$1 BlnThe Ottawa Citizen, December 6OTTAWA – Ottawa builders have broken the C$1-billion mark with upcoming projects. According to the Ottawa Construction Association, developers are planning 41 percent more residential and commercial...