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...

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 GERMANTOWN, Tenn. – Equity Inns Inc. (NYSE:ENN) has completed a $50 million interest rate swap related to the outstanding debt on its $125 million line of credit. The company said it now has no significant...

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...

December 11, 2000 (NewsTraders.com) – An investment group that includes Edgecliff Holdings and William Yung revealed in a filing with the SEC today that it has offered to buy hotel operator Lodgian (NYSE:LOD) for $4.75 per share in...

December 11, 2000 WASHINGTON – The board of directors of MeriStar Hospitality Corp. (NYSE:MHX) has approved a proposed merger between MeriStar Hotels & Resorts Inc. and American Skiing Corp. (NYSE:SKI).As a result of the merger, the REIT will...

December 11, 2000 Special to Commercial Real Estate DirectHousehold International's auto finance unit will occupy the bottom two floors (or just over 80,000 square feet) of a three-story, 120,000-sf office building that developer LMC Copley Corp. has started...

December 11, 2000 GMAC Commercial Mortgage is leading a group that is providing $43 million of construction financing for the renovation of the historic Humble Oil Building at 1212 Main St. in downtown Houston.GMAC's hospitality industry division in...

December 11, 2000 NEW YORK – Brookfield Properties Corp. (NYSE, TSE:BPO) is being added to the TSE 100 Composite Index, effective the close of business Dec. 14. The TSE 100 Index is a benchmark against which investors measure...

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 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 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 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 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 8, 2000 TIA to construct facility and lease to Federal ExpressThe Tampa Tribune, December 8TAMPA, Fla. – Tampa International Airport will build a $10 million, 110,000-square-foot air cargo facility and lease it to Federal Express. The aviation...

December 8, 2000WASHINGTON – A joint venture has paid $12 million for a 44,833-square-foot development parcel at 450 Mass Ave. NW, at the corner of Massachusetts Avenue and Fifth Street, in Washington, D.C.The Bernstein Cos., through its $100...

December 8, 2000 SANTA MONICA, Calif. – Maguire Partners will receive more than $9 million in equity financing from Haverford Capital for the 91,000-square-foot spec office building the company is developing. Terms of the deal were not disclosed.Construction...

December 8, 2000 TROY, Mich. – The Hayman Co. has named Michael Dudash vice president of brokerage operations. Dudash, who has 15 years experience in the commercial real estate brokerage industry, will manage the expansion of the company's...

December 8, 2000 AUSTIN, Texas – Cirrus Logic Inc. (Nasdaq:CRUS) has leased about 190,000 square feet of office space in the Terrace Business Park in Austin.Terms of the lease were not disclosed. The business park, owned and operated...

December 8, 2000An investment partnership between Witkoff Group and DRA Realty Advisors is said to be considering the sale of the Daily News building in midtown Manhattan.The 1.1 million-square-foot building, which sits at 220 E. 42nd St., was...

December 8, 2000 NEW YORK – Fitch has upgraded 13 classes of SASCO Floating Rate Commercial Mortgage Trust, 1998-C3, and affirmed the other class it rates in the deal. The rating agency lifted the following classes: – $75.1...

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...