October 24, 2000 Mixed-use project planned for 2,000 acres bordering riverThe Birmingham News, October 24BIRMINGHAM, Ala. – River Oaks Properties is buying the Western Pocahontas land, which consists of more than 2,000 acres that border the Cahaba River...

October 24, 2000 (NewsTraders.com) -- Prudential Securities analyst Lou Taylor issued upgrades to a pair of real estate investment trusts, or REITs, on Tuesday, as he lifted his investment ratings for both HRPT Properties (NYSE:HRP) and Mack-Cali Realty...

October 24, 2000 MENLO PARK, Calif. – Spieker Properties Inc. (NYSE:SPK) has paid $58.5 million, or $283/sf, for The Towers office building in West Los Angeles.The purchase was funded with proceeds from the sale of industrial property in...

October 24, 2000 SAN FRANCISCO – Mary Briggs and Ann Wengert, principals of San Francisco-based Briggs Wengert Associates LLC, have launched Property Capital Inc. to match accredited investors and advisers with suitable commercial real estate investments.Property Capital will...

October 24, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln) $2.0$3.3 $(20.8) $7.6 FFO/shr (diluted) $0.26 $0.43 $(2.73) $0.98 Extra Gain (Loss) $----- $(1.2) $----- $(1.2) Net Income (mln) $(.59)$(.59) $(26.8) $(1.5) Net/shr$(0.08) $0.9 $(3.76) $(0.04) Revenue (mln)$6.0 $7.0...

October 24, 2000 Go To S&P's Presale Report.Banc of America Commercial Mortgage, Series 2000-2ClassAmount($mln)Sub. Level(%)RatingFitchRatingMoody'sAvg.LifePriceTalk(Oct. 12)(BP)RevisedPriceTalk(BP)BenchMarkA-1198.324AAAAaa5.75+27-29+27-29SwapsA-2477.124AAAAaa9.18+37-39+40 areaSwapsB37.819.75AAAa29.56+52-54+55-57SwapsC24.517A+A19.63+58-60+61-63SwapsD17.815AA29.63+66-68+69-71SwapsE8.914A-A39.63+76-78+79-81SwapsF11.112.75BBB+Baa19.66+220-225+220-225Treas.G17.810.75BBBBaa29.71+230-235+230-235Treas.H11.19.5BBB-Baa39.71+265-270+265-270Treas.X*889NAAAAAaaNANA--Treas.* Interest only, notional amount.

October 24, 2000 (NewsTraders.com) -- Although Prologis Trust (NYSE:PLD) reported funds from operations that were above Merrill Lynch analyst Steve Sakwa's expectations, a shortfall elsewhere in its results inspired the analyst to downgrade the REIT to intermediate-term "accumulate"...

October 23, 2000 DALLAS – Wyndham International Inc. (NYSE:WYN) has redeemed its 55 percent nonvoting stake in Interstate Hotels LLC, a subsidiary of Interstate Hotels Corp. (Nasdaq:IHCO), for $24 million. "We are extremely pleased to receive a high...

October 23, 2000 BOSTON – The talk in Boston is that the city's second largest hotel, the Boston Marriott Copley Place, is heading to market, where it could fetch as much as $270 million. The Boston Business Journal...

October 23, 2000Strategic Hotel Capital of Chicago reportedly scratched its roughly $220 million bid for the Rihga Royal Hotel in midtown Manhattan.Sources told the New York Post that the decision came after the company completed its due diligence...

October 23, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorFONTANA, Calif. – Maple Hills Fontana Associates, a San Diego-based investment group, has purchased the 280-unit Maple Hills Apartments for $11.6 million, or about $41,430 per unit.The...

October 23, 2000PITTSBURGH – CGLH Partners I LP and CGLH Partners II LP, an investor group led by Lehman Brothers, has completed a $30 million investment into Interstate Hotels Corp. (Nasdaq:IHCO), finalizing an agreement signed Aug. 31. Interstate...

October 23, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorTUSTIN, Calif. – The Bascom Group, a Southern California apartment renovation specialist, has purchased the 78-unit Newport North Apartments for $6.5 million, or about $83,330 per unit.The...

October 23, 2000ENGLEWOOD, Colo. – CarrAmerica Development Inc., an affiliate of CarrAmerica Realty Corporation (NYSE:CRE), has leased 93,000 square feet to AT&T Broadband at Dry Creek Corporate Center.AT&T Broadband will occupy all of Dry Creek Corporate Center Three.Dry...

October 23, 2000 Commercial Real Estate DirectThe Realm has appointed Ken Follansbee as its chairman of the board of directors, following the retirement of the firm's co-founder and former chairman, Alfred Apps. Follansbee was a co-founder of the...

October 23, 2000 NEW YORK – Fitch has upgraded two classes of LB Commercial Conduit Mortgage Trust's series 1995-C2 and has affirmed other classes that it rates in the series.The rating agency lifted the $15.6 million class B...

October 23, 2000BOSTON – State Street Corp. (NYSE:STT) has added a fixed-income trading system to its Global Link e-finance platform for institutional investors.The system was developed by Visible Markets Inc., a Boston-based firm founded in November of last...

October 23, 2000 WCI covering the waterfrontSouth Florida Business Journal, October 23JUPITER, Fla. – WCI Communities has proposed a $150 million development that would expand the existing Jupiter Yacht Club basin to include a hotel, condos and an...

October 23, 2000 TEJON RANCH, Calif. – IKEA has begun construction on a 1.8 million-square-foot distribution center on an 80-acre site in the Tejon Industrial Center, owned by the Tejon Ranch Co. (NYSE:TRC), one of the largest landowners...

October 23, 2000By Thomas J. Walsh, Commercial Real Estate Direct Senior WriterTwo new commercial real estate securtizations backed by properties in England and Sweden are now in the market, both of them somewhat unique.The earnestly named Really Useful...

October 23, 2000 DLJ Commercial Mortgage Corp., Series 2000-CKP1ClassAmount($mln)Sub. Level(%)RatingFitchRatingMoody'sAvg.LifePriceTalk(BP)BenchMarkA-1A210.522.5AAAAaa5.7+28-291.-mo. LiborA-1B789.822.5AAAAaa9.6+39 area1.-mo. LiborA-251.618.5AAAa29.8+56 area1.-mo. LiborA-358.114AA29.8+71 area1.-mo. LiborA-416.112.75A-A39.8+81 area1.-mo. LiborB-116.111.5BBB+Baa19.9+220-225Treas.B-225.89.5BBBBaa29.9+230-235Treas.B-36.59BBB-Baa39.9+265-270Treas.Go To Fitch's Presale Report.Go To Moody's Presale Report.

October 23, 2000NEW YORK – Wellsford Real Properties Inc. (NYSE:WRP) will not invest additional capital, other than its remaining commitment, in Wellsford/Whitehall Group, its joint venture with Whitehall Funds, Wellsford Chairman Jeffrey Lynford said in a statement.Wellsford and...

October 23, 2000 Dai-Ichi Life Investment Properties Inc. is said to be looking to sell Citigroup Center at 153 E. 53rd St., according to a report in today's Crain's New York.Sources told the weekly that the 59-story tower...

October 20, 2000 ARLINGTON HEIGHTS, Ill. – Amerihost Properties Inc. (Nasdaq:HOST) is changing its name to Arlington Hospitality Inc. The REIT is changing its name because of the sale last month of its AmeriHost Inn hotel brand name...

October 20, 2000 CHICAGO – Banyan Strategic Realty Trust (Nasdaq:BSRTS) has filed a lawsuit against suspended president Leonard G. Levine, alleging violations of his fiduciary duty of loyalty.The REIT claims that it has had "just cause" to terminate...