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...

October 20, 2000 LAS VEGAS – Ameristar Casinos Inc. has acquired the Station Casinos Inc. properties in Kansas City, Mo., and St. Charles, Mo., for $475 million in cash. The Kansas City property consists of 140,000 square feet...

October 20, 2000 Developer proposes 'urban village' projectAtlanta Journal-Constitution, October 20ATLANTA – Altamaha Development Co. plans to develop 750 apartments and condos, 205,000 square feet of office and 50,000 sf of retail space on 11.4 acres at the...

October 20, 2000 MILWAUKEE – Wisconsin Energy Corp. (NYSE:WEC) has sold a large chunk of the assets of Wispark Corp., the firm's non-utility real estate development company, to Interstate Partners LLC for an undisclosed sum.The transaction is the...

October 20, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln) $18.8$17.8 $54.2 $52.9 FFO/shr (diluted) $0.61 $0.56 $1.76 $1.63 Net Income (mln) $25.6$9.8$47.0$30.7Net/shr$0.97 $0.35 $1.77 $1.09 Revenue (mln)$48.9$45.0$140.7$132.7Shares Out. (mln)26.6 27.5 26.5 28.1

October 20, 2000 BOSTON – Visible Markets Inc., an Internet browser-based auction marketplace for mortgage-backed securities, asset-backed securities and investment-grade corporates, has appointed five members to its board of advisers. The members are: Chip Elfner, former CEO of...

October 20, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln) $40.8$26.5 $127.9 $77.6 FFO/shr (diluted) $0.79 $0.81 $2.47 $2.40 Extra Gain (Loss) $0.07 $ ---- $0.27 $ ---- Net Income (mln) $23.3$26.1 $78.5 $56.9 Net/shr$0.46 $0.81 $1.53 $1.80 Revenue...

October 20, 2000 NEW YORK – Fitch has upgraded three classes of Malan Mortgage Securities Trust 1995-A and affirmed the other classes that it rates in the series.The rating agency lifted the $10 million class A-2a, the $5...

October 20, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln) $99$86 $324 $295 FFO/shr (diluted) $0.42 $0.35 $1.37 $1.21 Extra Gain (Loss) -- $4 ($3) $17Revenue (mln)$239$203$623$598

October 20, 2000 NEW YORK – Fitch has upgraded three classes of Merrill Lynch Mortgage Investor Inc.'s 1995-C1 and affirmed the other classes that it rates in the series.The $14.9 million class C was raised to triple-A from...

October 20, 2000 (NewsTraders.com) – Host Marriott Corp. (NYSE:HMT) has been upgraded to "strong buy" from "accumulate" by analyst Jim Sullivan.The analyst's upgrade comes a few days after the Bethesda, Md., hotel REIT posted strong third-quarter results, with...

October 20, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln) $1.6$1.3 $4.5 $4.0 FFO/shr (diluted) $0.21 $0.17 $0.61 $0.54 Net Income (mln) $0.2$0.7 $2.5 $0.8 Net/shr$0.03 $0.15 $0.51 $0.16 Revenue (mln)$4.9 $4.9 $15.1 $14.5 Shares Out. (mln)7.4 7.4 7.4...

October 20, 2000 An investment group led by Richard Abrons has taken a 9.5 percent stake in health care REIT G&L Realty Corp. (NYSE:GLR).The group bought 222,196 shares in the Beverly Hills, Calif., company, according to a Schedule...

October 20, 2000 Yesterday was a busy day for the press departments of both Lodgian Inc. and Edgecliff Holdings, an investment group headed by William Yung.Hotel owner and operator Lodgian issued a press release around 1 a.m. Thursday...

October 20, 2000 JACKSON, Miss. – Parkway Properties Inc. (NYSE:PKY) and Southeast OfficeInvest LLC, an affiliate of Investcorp International Inc., have formed a joint venture to acquire up to $100 million of office properties in the Southeast and...

October 19, 2000 NEW YORK – Lexington Realty Advisors Inc., a subsidiary of Lexington Corporate Properties Trust (NYSE:LXP), has been hired to invest and manage $50 million on behalf of a private investment fund. The investment program has...

October 19, 2000 SYDNEY, Australia – With a wave of new hotels and the Olympics now over, the Sydney hotel market is expected to undergo transformation with the redevelopment of older hotels on the fringes of the city...