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 12, 2000 ATLANTA – Goldman Sachs' Whitehall Street Real Estate Fund has offered to buy Lodgian Inc. (NYSE:LOD) for $4.50/share, or $126.5 million.The offer has prompted Lodgian to postpone its annual meeting, which was scheduled for today,...

October 12, 2000 NASHVILLE, Tenn. – Merrill Lynch Mortgage Capital Inc. has provided Gaylord Entertainment Co. with $200 million in interim financing for the construction of two hotels in Florida and Texas.The financing is secured by the 2,884-unit...

October 12, 2000 Cigna moves to buy SunTrust building in Nashville, Tenn.The Tennesean, October 12 NASHVILLE, Tenn. – SunTrust Bank has agreed to sell the SunTrust Center on Church Street to Cigna Corp., the lender on the downtown...

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 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,...

October 11, 2000 (NewsTraders.com) – Real estate investment trust Parkway Properties (NYSE:PKY) carried an "attractive" rating and a $32.50 price objective in new coverage today from PaineWebber analyst Stuart Seely.Seely estimated that Parkway trades at an 11 percent...

October 11, 2000 LONDON – Land Securities PLC has agreed to purchase a leasehold interest in One New Change from the Bank of England for more than the asking price of 175 million British pounds ($253.7 million). Land...

October 11, 2000 CHICAGO – Fitch has upgraded two classes of Merrill Lynch Mortgage Investors Inc.'s 1994-C1 and affirmed the other classes that it rates in the series.The rating agency upped the $17.9 million Class E to double-A...

October 11, 2000 TORONTO – The Commercial Mortgage Securities Association has formed a Canadian chapter. The Canadian chapter will be chaired by Ross A. Brennan, president and chief executive of the Commercial Mortgage Origination Co. of Canada, and...

October 11, 2000 HORSHAM, Pa. – GMAC Commercial Mortgage has arranged and provided $19.6 million in fixed-rate permanent financing for a multifamily property in Sacramento, Calif.The 302-unit Governor's Square Apartments sits on 8.08 acres and consists of nine...

October 11, 2000 TORONTO – Alony-Hetz Properties & Investments Ltd. has completed its purchase of 2.5 million shares of Centrefund Realty Corp. common shares from the Gazit Group for about US$22 million.Alony-Hetz, an Israeli publicly traded REIT, paid...

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 10, 2000 DALLAS – Trammell Crow Co. (NYSE:TCC) has named Michael S. Duffy as senior managing director/national director of investment sales. Duffy will be responsible for the company's investment sales platform and will manage more than 60...

October 10, 2000 WASHINGTON – The National Association of Real Estate Investment Trusts has presented its REIT Industry Leadership Award to Samuel Zell, the founder of Equity Group Investments Inc.Zell is chairman of the board for the Equity...

October 10, 2000 RICHARDSON, Texas – Radisson-Olympus Capital Partners has acquired a 296-room Clarion Hotel for an undisclosed amount.The purchase marks the partnership's first acquisition since forming this summer.Radisson-Olympus plans to renovate the hotel, which will be renamed...