November 27, 2000 CRANFORD, N.J. – Mack-Cali Realty Corp. (NYSE:CLI) has sold its sole Nebraska property, the Brandeis Building in Omaha, for $12.5 million.The REIT sold the 319,500-square-foot property to TCI Brandeis LP. The 106-year-old building's main tenant...

November 27, 2000 Developing at LightspeedSouth Florida Business Journal, November 27CYPRESS CREEK, Fla. – Developer Michael Swerdlow's Lightspeed Infrastructure subsidiary is planning a $150 million project at Cypress Creek to accommodate telecommunications, information technology and high-tech businesses. The...

November 27, 2000 By Brad Berton, Commercial Real Estate Direct Contributing WriterAn affiliate of Muller Co. has paid $18.2 million, or nearly $120/sf, for the Torrance Center South office complex in Torrance, Calif., part of the Los Angeles...

November 27, 2000 Office space to get even tighter: LePage studyNational Post, November 27TORONTO – The market for office space is going to get even tighter next year despite close to 8 million square feet of office space...

November 27, 2000 Special to Commercial Real Estate DirectDonahue Schriber, one of the more active property management firms in Southern California, is establishing a beachhead in Arizona.The Newport Beach, Calif., company is ranked as the 12th largest property...

November 27, 2000 By Patrick Crowley, Commercial Real Estate Direct Contributing WriterFrisch's Restaurants Inc., a Cincinnati-based restaurant chain, has sold one hotel and put another hotel on the selling block in order to focus exclusively on its core...

November 27, 2000 NEWPORT BEACH, Calif. – Pacific Gulf Properties Inc. (NYSE:PAG) has completed the first leg of a massive sale of industrial properties to CalWest Industrial Properties LLC.CalWest, which is a venture between the California Public Employees...

November 27, 2000 NEW YORK – CDC Mortgage Capital has provided $50 million of floating-rate financing to a team involving Divco West Properties for its purchase of an office complex in Manhattan Beach, Calif.The financing consisted of an...

November 27, 2000 NEW YORK – Standard & Poor's has lowered its ratings on two classes on J.P. Morgan Commercial Mortgage Finance Corp.'s series 1995-C1 and affirmed other rated classes.The rating agency lowered class F to single-B from...

November 22, 2000 ATLANTIC CITY, N.J. – The Casino Reinvestment Development Authority has approved Phase I of a $150 million retail complex on a site bounded by Atlantic, Ohio, and Arkansas avenues. Construction is expected to begin next...

November 22, 2000 LIBERTY TOWNSHIP, Ohio – AMI Capital Inc. will provide a $19.8 million, 10-year mortgage for a 288-unit apartment complex being developed in this Cincinnati suburb.Construction on the Four Bridges Apartments, in Liberty Township, is scheduled...

November 22, 2000 DALTON, Ga. – Mid-America Apartment Communities (NYSE:MAA) has sold its 158-unit Hollybrook apartment community for $5.6 million. Mid-America intends to use the proceeds to pay down debt and for general corporate purposes.Mid-America Apartment Communities has...

November 22, 2000 LOS ANGELES – CB Richard Ellis Services Inc. (NYSE:CBG) said it has retained Morgan Stanley Dean Witter as financial adviser and McDermott, Will & Emery as legal adviser to evaluate proposals to acquire the company.As...

November 22, 2000 (NewsTraders.com) -- Real estate investment trust Boston Properties (NYSE:BXP) came away with a "buy" recommendation in its initial review today from A.G. Edwards & Sons analyst Art Havener, who believes the company will outperform its...

November 22, 2000 Deutsche Bank has provided $170 million of floating-rate financing for the Glendale Galleria, a 1.5 million-square-foot shopping center in Glendale, Calif.The mall's nonanchor tenants generate annual retail sales of $520/sf, making it among the top-performing...

November 22, 2000 Northwest Mutual Life Insurance Co. provided a $12.3 million mortgage for the Rock Creek Village Shopping Center in Rockville, Md. Cassidy & Pinkard, which arranged the financing, misidentified the lender in a news release, which...

November 22, 2000 SAN FRANCISCO – Starwood Capital Group LLC has opened a West Coast office at One Embarcadero Center.Marc Perrin, vice president, will relocate from the company's Greenwich, Conn., headquarters to head the office. He will be...

November 22, 2000 By Commercial Real Estate DirectPrudential Mortgage Capital Co.'s $243.9 million PRU-HTG 2000-C1 single-borrower commercial mortgage-backed securities deal is set to price late-morning Eastern time, sources say.Commercial Real Estate Direct will provide pricing information as soon...

November 22, 2000NEW YORK – Diane Olmstead, executive vice president of institutional ventures at Redbricks.com, has joined iStar Financial Inc. (NYSE:SFI) as executive vice president-investments.Olmstead, who joins the firm's San Francisco office, will focus on making investments in...

November 22, 2000 Prudential Mortgage Capital Co. has provided $19.7 million of fixed-rate financing for an industrial park near New York's John F. Kennedy International Airport that is owned by AMB Property Corp. (NYSE:AMB).The five-year mortgage, which amortizes...

November 22, 2000 Crocker properties hit market a few at a timeDaily Business Review, November 22BOCA RATON, Fla. – Crocker Realty Trust has begun marketing for sale its 6.1 million-square-foot portfolio of suburban offices across the Southeast, which...

November 22, 2000 Note: Final pricing for only the triple-A classes, below, was immediately available. Prudential Mortgage Capital Co. II, LLC, Series PRU-HTG 2000-C1ClassAmount($mln)RatingMoody'sRatingFitchAvg.LifePriceTalk(BP)Priced(BP)BenchMarkA-127AaaAAA5.7+36-38+371.-mo. LiborA-2127AaaAAA9.85+49-51+521.-mo. LiborB17Aa1AAA9.85+58-60NA1.-mo. LiborC10.15Aa2AA9.85+67-69NA 1.-mo. LiborD27.12A2A9.85+83-85NA1.-mo. LiborE27.12Baa2BBB9.85+245 areaNATreas.F8.5Baa3BBB9.85+280 areaNATreas.X243.9AaaAAA9.4N/ANA--Go To Moody's Presale Report.Go To Fitch's...

November 21, 2000 NASHVILLE, Tenn. – Corrections Corp. of America has avoided a default under its $1 billion secured credit facility by obtaining amendments to the agreement that governs it.The credit line is provided by a group of...

November 21, 2000 Special To Commercial Real Estate DirectIngram Micro Inc., the world's biggest computer-products distributor, has agreed to occupy 800,000 square feet in a manufacturing and distribution facility that will be built for it in Mira Loma...

November 21, 2000 Commercial Real Estate DirectThe $1.2 billion floating-rate commercial mortgage-backed securities deal launched last week by underwriters Deutsche Banc Alex. Brown and Chase Securities is due to price today by 4 p.m., sources say. Commercial Real...