October 12, 2000 Go To S&P's Presale Report.Banc of America Commercial Mortgage, Series 2000-2ClassAmount($mln)Sub. Level(%)RatingS&PRatingMoody'sAvg.LifePriceTalk(BP)BenchMarkA-1198.324AAAAaa5.75+27-29SwapsA-2477.124AAAAaa9.18+37-39SwapsB37.819.75AAAa29.56+52-54SwapsC24.517A+A19.63+58-60SwapsD17.815AA29.63+66-68SwapsE8.914A-A39.63+76-78SwapsF11.112.75BBB+Baa19.66+220-225Treas.G17.810.75BBBBaa29.71+230-235Treas.H11.19.5BBB-Baa39.71+265-270Treas.X*889NAAAAAaaNANATreas.* Interest only, notional amount.

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...

October 12, 2000 (NewsTraders.com) – AEW Partners LP and affiliates have drawn down their position in real estate investment trust Bedford Property Investors (NYSE:BED) to a 0.6 percent stake, a steep drop from a previous position of 7.6...

October 12, 2000 A European family has apparently agreed to buy 1 Broadway in lower Manhattan for $35.3 million, or nearly $195/sf.According to the New York Post, the building was sold by Kenyon & Kenyon, a law firm...

October 12, 2000 NEW YORK – Insignia Financial Group Inc. (NYSE:IFS) has received about $20 million from its "key man" life insurance policy on Edward S. Gordon, who died on Sept. 21.The company said the policy will result...

By Brad Berton, Commercial Real Estate Direct Contributing EditorThe Bascom Group LLC has acquired apartment communities in Oceanside and Covina, Calif., for $17.3 million.The Irvine-based company, which is headed by principals Jerome Fink, David Kim and Derek Chen,...

October 12, 2000 (NewsTraders.com) – A.G. Edwards analyst Art Havener downgraded shares of CoStar Group (Nasdaq:CSGP) to "maintain" from "accumulate."Havener said that his "maintain" grade is based on his belief that CoStar shares are "adequately valued for speculative...

October 12, 2000 SAN FRANCISCO – BRE Properties Inc. (NYSE:BRE) has appointed Stephen E. Lefkovits as senior vice president of technology initiatives, effective Dec. 1.Lefkovits has served for the past three years as vice president of housing and...

October 12, 2000 Cigna Corp. is expected to take title to the SunTrust Building in downtown Nashville, Tenn., through a deed-in-lieu of foreclosure.According to The Tennessean, the 30-story building's owner is a partnership that is 97 percent owned...

October 12, 2000 KANSAS CITY, Mo. – W.P. Carey & Co. LLC has closed on the purchase of a 120,855-square-foot warehouse distribution facility here for $6.5 million, or nearly $54/sf.Earle M. Jorgensen Co. leases the steel and aluminum...

October 12, 2000 NEW YORK – Clarion Commercial Holdings Inc. (NYSE:CLR) has decided to liquidate and shut down operations. The company is asking shareholders to approve of its plan by early next year."In assessing any alternatives, our first...

October 12, 2000 NEW YORK – Brookfield Properties Corp. (NYSE:BPO) has completed its secondary offering of 8 million shares through the Canadian Imperial Bank of Commerce at a price of US$14.50 (C$21.85).The company said that the final prospectus...

October 12, 2000 Clarion Commercial Holdings Inc. (NYSE: CLR), which earlier today said it would seek to liquidate, has $96.5 million of assets, including $65 million of commercial mortgage backed securities, on its books.The company, which was formed...

October 11, 2000(NewsTraders.com) – Entertainment Properties Trust (NYSE:EPR) has spurned BRT Realty Trust's (NYSE:BRT) offer to purchase 1.3 million shares from the movie theater-focused company at $15 apiece, according to an amended Schedule 13D filing released today.In addition,...

October 11, 2000 CHICAGO – The Fordham Co. has received $34 million of mezzanine financing from Prudential Real Estate Investors and an affiliate of Wellsford Real Properties Inc. (AMEX:WRP) to build a 50-story condominium tower in Chicago.Creamer Vital...

October 11, 2000 SAN FRANCISCO – Pivotal 650 California Street LLC, a venture between the Pivotal Group and investor William S. Levine, has purchased a nearly 500,000-square-foot office building from Sarofim Realty Advisors of Dallas through a $160...

October 11, 2000 An investment team led by Shaner Hotel Group has upped its offer to buy Interstate Hotel Corp. (Nasdaq:IHCO) to $4.50/share from $4.125/share.The new offer values Interstate at $29 million. It comes just after Interstate rejected...

October 11, 2000 Neighbors fight Home Depot in Boca RatonSun-Sentinel, October 11BOCA RATON, Fla. – Home Depot has proposed a 146,000-square-foot store just north of city hall on Northwest Second Avenue. However, residents who live near the 15-acre...

October 11, 2000 NEW YORK – Philips International Realty Corp. (NYSE:PHR) stockholders have approved the company's proposed liquidation plan.At the special stockholders meeting held on Oct. 10, about 80 percent of the company's 7.3 million common shares outstanding...

October 11, 2000 SAN DIEGO – Burnham Pacific Properties Inc. (NYSE:BPP) has postponed its annual shareholders' meeting, which was previously scheduled for Oct. 18, until the SEC completes its review of the company's preliminary proxy materials.The documents were...

October 11, 2000 (NewsTraders.com) – Mission West Properties (AMEX:MSW) was initiated Wednesday with an all out "buy" rating by Merrill Lynch analyst Eric Hemel, who set a 12-month price target of $18 on shares of the owner and...

October 11, 2000 EAGAN, Minn. – W.P. Carey & Co. LLC (NYSE:WPC) has acquired the headquarters building of Buffets Inc., an operator of buffet-style restaurants, for about $21 million, on behalf of Corporate Property Associates 14 Inc. Corporate...

October 11, 2000 HORSHAM, Pa. – GMAC Commercial Mortgage has appointed James A. Dunbar as vice president of financial statements analysis and property inspections.He will have day-to-day general management responsibilities for the two departments.Prior to joining the company,...