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,...

October 16, 2000 FORT MITCHELL, KY – A team led by Edgecliff Holdings has offered to buy Lodgian Inc. (NYSE:LOD) for $5/share, or $140.5 million.The offer is 0.50/share greater than a comparable offer made by Goldman Sachs' Whitehall...

October 16, 2000 Heitman International, a subsidiary of Chicago-based Heitman Financial, has closed a $525 million fund targeting the acquisition and development of properties in Hungary, Poland and the Czech Republic.Heitman International is the asset manager of the...

October 16, 2000 NORTH MIAMI BEACH, Fla. – Equity One Inc. (NYSE:EQY) has agreed to assume the management of 29 retail properties totaling 3.6 million square feet from Centrefund Realty Corp.The properties – 12 are in Florida and...

October 16, 2000 SAN FRANCISCO – A small office building in San Francisco's South of Market area has been put on the block with a whopping asking price of $560/sf, or nearly $37 million.EGL Inc., a Houston-based air...

October 16, 2000 LAFAYETTE, Calif. – Bedford Property Investors Inc. (NYSE:BED) has sold its five remaining Texas properties for $26.6 million.The properties, sold to undisclosed buyers, were: the Great Hills Trail building, with 83,000 sf in Austin, three...

October 13, 2000 STOCKHOLM, Sweden – NCC AB's Finnish subsidiary, NCC Finland, along with Alfred A Palmberg Oy, has agreed to sell a development project in Finland to Tapio Insurance Cos. The Swedish construction company is selling Stella...

October 13, 2000 DALLAS – U.S. Restaurant Properties Inc. (NYSE:USV) plans to sell additional properties to reduce its debt over the next nine months to about $300 million from about $356 million.The company predicts that this debt reduction...

October 13, 2000 PITTSBURGH – Interstate Hotels Corp. (Nasdaq:IHCO) has rejected Shaner Hotel Group's increased offer of $4.50/share.Interstate said Shaner's offer is not a "superior proposal" to its agreement with a group led by Lehman Brothers to form...

October 13, 2000 Commercial Real Estate DirectThe $1.07 billion PNC Mortgage Acceptance Corp. 2000-C2 CMBS conduit transaction is due to price at 11:30 EST.Go To Price Talk Table.

October 13, 2000 NEW YORK – First Republic Corp. of America has sold its Junior Coat Building at 250 West 39th St. to an unaffiliated third party for $20.8 million, or just over $114/sf.The company sold the unencumbered...

October 13, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorGruma Corp., the world's leading producer of corn flour and tortillas, has renewed and expanded its lease to 200,000 square feet of production space in Commerce, Calif.,...

October 13, 2000 Cousins to add two buildings at Cobb office parkThe Atlanta Journal Constitution, October 13 ATLANTA – Cousins Properties plans to add two 250,000-square-foot office buildings at Wildwood, its 300-acre office park at Powers Ferry and...

October 13, 2000 Equitable Life Assurance Society of the U.S. said that it has not hired Cushman & Wakefield to market for sale 1285 Avenue of the Americas in Midtown Manhattan. The insurer was responding to a report...

October 13, 2000 Transcontinental Realty Investors Inc. has purchased a four-building professional complex in Sterling, Va., for $44.9 million, or about $169/sf.The sellers of the 265,700-square-foot Countryside Commercial and Professional Center were Countryside Commercial and Professional Center LP,...

October 13, 2000 Go To Initial Price Guidance Table. PNC Mortgage Acceptance Corp., Series 2000-C2ClassAmount($mln)Sub. Level(%)RatingMoody'sRatingS&PAvg.LifePriced(BP)BenchMarkA-1200,61223.75AaaAAA5.7+29SwapsA-2620.0523.75AaaAAA9.4+40SwapsB43.0519.75Aa2AA9.9+59SwapsC48.415.25A2A9.9+73SwapsD13.4514A3A-10+83SwapsE13.3412.75Baa1BBB+10+230Treas.F18.811Baa2BBB10+240Treas.G16.149.5Baa3BBB-10+270Treas.H18.87.75Ba1BB+10+490Treas.J29.65Ba2BB10+540Treas.K8.074.25Ba3BB-10.2+675Treas.L8.073.5B1B+12.4NATreas.M10.762.5B2B14.3NATreas.N5.42B3B-14.6NATreas.O21.5NANRNR15.1----X*1,076NAAaaAAA9.03NATreas.* Interest only, notional amount.

October 13, 2000 TORONTO – Canada Life has sold a 975,000-square-foot shopping center in Toronto to Ontrea, a wholly owned subsidiary of the Ontario Teachers' Pension Plan Board.Neither party would disclose details of the purchase price of Sherway...

October 13, 2000 (NewsTraders.com) – Bear Stearns analyst Ross Smotrich cut his rating on Glenborough Realty Trust (NYSE:GLB) to "attractive" from "buy" on a slower growth outlook and the belief shares are fairly valued.Despite the rating clip, Smotrich...

October 13, 2000 CHATTANOOGA, Tenn. – CBL & Associates Properties Inc. (NYSE:CBL) has completed the sale of five community shopping centers for $15.5 million in cash. The deal was structured in two transactions that closed Sept. 21 and...

October 12, 2000 LOS ANGELES – PropertyFirst.com has named Jyotsna Desai as vice president of strategic accounts group in the western region.Desai will focus on building long-term relationships with commercial real estate brokerage firms, institutional investors, public and...

October 12, 2000By Thomas J. Walsh, Commercial Real Estate Direct Senior WriterPunch Pub Co. is floating another 250 million pounds (US$ 363.5 million) of real estate debt.The debt amounts to an add-on to Punch's March 1998 $1 billion...

October 12, 2000RFR Holdings, one of the five bidders competing to buy Manhattan's Seagram Building, has apparently emerged the winner.According to The New York Times, RFR, which is run by Aby Rosen and Michael Fuchs, yesterday agreed to...