October 18, 2000 Commercial Real Estate DirectThe five hotels that serve as collateral for a $499.6 million commercial mortgage-backed securities deal that Morgan Stanley Dean Witter is launching are among the more upscale properties in Hilton's inventory.According to...

October 18, 2000PHILADELPHIA – Resource Asset Investment Trust (AMEX:RAS) has completed its purchase of Pinnacle Capital Group and has named Scott F. Schaeffer as president."Pinnacle's financing services complement those already offered by RAIT, giving us a broader range...

October 18, 2000 PLAYA DEL REY, Calif. – Kennedy-Wilson Inc. (NASDAQ:KWIC) – along with its equity partner, Los Angeles-based Hanover Financial – has bought a 292-unit apartment complex in Playa del Rey, Calif., for $24 million, or about...

October 18, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorAn AEW Capital Management investment fund has formed a joint venture with the Long Cos. to develop 320,000 square feet of back office and data storage facilities...

October 18, 2000 HOUSTON – Weingarten Realty Investors (NYSE:WRI) has named Lois Robinson as vice president of property management. Robinson joined Weingarten in early September from Hines, where she was vice president of retail operations.In her new position,...

October 18, 2000 NEW YORK – David J. Nettina will step down as president and chief operating officer of SL Green Realty Corp. (NYSE:SLG) to pursue other business interests.He will stay with the company for up to 12...

October 18, 2000 DENVER – Archstone Communities (NYSE:ASN) plans to build about 650 apartments in Denver's lower downtown Central Platte Valley as part of the city's redevelopment project. The development, which is expected to cost over $105 million,...

October 17, 2000 Boston Properties Inc., Goldman Sachs' Whitehall Street Real Estate Fund, Brookfield Properties Corp. and a Morgan Stanley Dean Witter investment fund are among the eight investor groups that have turned in offers of $2.7 billion...

October 17, 2000 SACRAMENTO, Calif. – California Public Employees' Retirement System has selected CB Richard Ellis Investors LLC to manage its $500 million Joint Real Estate and Alternative Investment Technology Program.The program calls for CalPERS to invest in...

October 17, 2000 Morgan Stanley Dean Witter Capital I Trust 2000-LIFE2ClassAmount($mln)Sub. Level(%)RatingFitchRatingMoody'sAvg.LifeSpread(BP)BenchmarkA-115916.5AAAAaa5.7+26 areaSwapsA-248016.5AAAAaa9.3+37 areaSwapsB22.9613.5AAAa29.9+52 areaSwapsC24.910.25AA29.9+67 areaSwapsD6.99.35A-A39.9+77 areaSwapsE18.756.9BBBBaa29.9+225 areaTreas.F*7.655.9BBB-Baa39.9+265 areaTreas.G*3.065.5BBB-NRNANATreas.X**765.3--AAAAaaNANATreas.* Privately placed.** Interest only, notional amount.

October 17, 2000 WASHINGTON – Lowe Enterprises Investment Management has acquired 1101 Connecticut Ave. N.W. from Endowment Realty Investors Inc. for $26.6 million on behalf of a pension fund client.The 175,000-square-foot, 12-story office building is adjacent to the...

October 17, 2000 American Realty Trust (NYSE: ARL) and its affiliates have increased their stake in Transcontinental Realty Investors Inc. (NYSE:TCI) to 3.3 million shares, or 38.5 percent of the company.The group purchased 100,200 shares between July 3...

October 17, 2000 WESTMINSTER, Colo. – American Skandia Life Assurance Co. has signed an 11-year lease for the first building at the CirclePoint Corporate Center being developed by Catellus Development Corp. (NYSE: CDX).American Skandia will occupy the entire...

October 17, 2000 (NewsTraders.com) – In the field of publicly traded REITs, Spieker Properties (NYSE:SPK) remains "among the top" in terms of funds from operations, or FFO, per-share growth forecasts into 2001, according to A.G. Edwards & Sons...

October 17, 2000 By Thomas J. Walsh, Commercial Real Estate Direct Senior WriterMorgan Stanley Dean Witter is launching a $500 million commercial mortgage-backed securities deal backed by five Hilton Hotels around the country.The private deal is thought to...

October 17, 2000 Metro vacancy rate ticks up in industrial real estate marketThe Atlanta Journal-Constitution, October 17ATLANTA – The area's industrial real estate market has cooled slightly during the third quarter as the addition of new space outpaced...

October 16, 2000 ATLANTA – Post Properties Inc. (NYSE:PPS) has appointed its executive vice president, R. Gregory Fox, to the additional role of chief financial officer.In addition, John R. Allums has been named executive vice president of construction...

October 16, 2000 MOON TOWNSHIP, Pa. – GMAC Commercial Mortgage Corp. has provided a $10.5 million conduit loan to Meyer Jabara Hotels for a Holiday Inn near the Pittsburgh International Airport.The fixed rate loan bears interest at 9...

October 16, 2000 NEW YORK – Fitch has assigned Global Asset Management Co. a CSS3 rating as special servicer. This is the first special servicer rating that Fitch has assigned in Japan.GAMCO's strengths include "the experience of their...

October 16, 2000 KANSAS CITY, Mo. – AMI Capital Inc. has provided two loans totaling almost $11 million for the rehabilitation of two historic buildings into loft-style apartments.Construction is scheduled for completion by March 1, 2002. Both properties...

October 16, 2000 (NewsTraders.com) – A.G. Edwards & Sons today downgraded Nationwide Health Properties (NYSE: NHP) to "accumulate" from "buy" due to price considerations and a more conservative outlook for 2001.A.G. Edwards noted that shares of the Newport...

October 16, 2000NEW YORK – Deutsche Bank has integrated its global asset securitization group – which consists of asset-backed, commercial and residential securitization – into its global credit products group.Thomas Gahan will manage the integrated effort as head...

October 16, 2000 Investcorp and Pacifica Real Estate Group have acquired two multitenant office buildings in Long Beach, Calif., for about $73.69/sf.The firms paid $9 million for 5000 and 5001 Airport Plaza Blvd., two buildings totaling 122,141 square...

October 16, 2000 Industry news: Cousins makes move for One Georgia CenterAtlanta Journal-Constitution, October 16ATLANTA – Cousins Properties has contracted to buy One Georgia Center, at West Peachtree Street and North Avenue, and the building site next to...

October 16, 2000 Weak financial results at certain public companies and violence in the Middle East led to a flight to quality among investors, which resulted in a widening spreads for corporate bonds.The commercial mortgage-backed securities market, however,...