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, 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 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 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, 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, 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 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 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 19, 2000SouthPark expansion approvedCharlotte Observer, October 19CHARLOTTE, N.C. – The City Council has unanimously approved the 50 percent expansion of the SouthPark mall. Barring a successful lawsuit, the 11-0 vote paves the way for a $100 million...

October 19, 2000 Pre-Sales Targets Exceeded at Amica at Erin MillsCanada News Wire, October 18VANCOUVER – Pre-sales targets have been exceeded at Amica at Erin Mills Terrace in Mississauga, Ontario, which is being developed by Amica Mature Lifestyles...