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 10, 2000 CLEVELAND – Forest City Enterprises Inc. (NYSE:FCEA) has named Robert G. O'Brien executive vice president of finance and investment. O'Brien was most recently president of Forest City Finance Corp. and Forest City Commercial Group.In his...

October 10, 2000 (NewsTraders.com) – Entertainment Properties Trust Trust (NYSE:EPR), the movie-theater focused REIT, denied a request by BRT Realty Trust (NYSE:BRT) to present its proposals at Entertainment Properties' Oct. 6 board meeting.NewsTraders reported on Sept. 27 that...

October 10, 2000 MURFREESBORO, Tenn. – National Health Investors Inc. (NYSE:NHI) said it will not pay dividends for the third and fourth quarters until it pays off $38 million of subordinated debt.The announcement was made at the same...

October 10, 2000 WASHINGTON – CarrAmerica Development Inc., an affiliate of CarrAmerica Realty Corp. (NYSE: CRE), has named Jefford S. Nelson as vice president/director of Development for the San Francisco Bay area.Previously, Nelson served as vice president for...

October 10, 2000 NEW YORK – Ruben Schron, a N.J.-based investor, has purchased a portfolio of 20 apartment complexes in New Jersey, New York and Pennsylvania for $280 million from an investment group led by an affiliate of...

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...

October 10, 2000 Commercial, residential project planned for I-77Business Journal of Charlotte, October 10CHARLOTTE, N.C. – Union Development Corp. plans to build a 65-acre mixed-use project near Interstate 77 in Rock Hill, N.C. adjacent to the Antrim business...

October 10, 2000 LOS ANGELES – CB Richard Ellis (NYSE:CBG) has expanded its presence in Nebraska by affiliating with Mega Corp., one of the state's largest real estate service providers.Mega, which is run by Bennett Ginsberg, is now...

October 10, 2000 ATLANTA – Wells Real Estate Investment Trust has completed construction on a $11.4 million, or $114.77/sf, build-to-suit project in Richmond, Va.The REIT has leased the 100,000-square-foot, four-story building to Alstom Power Inc., a power generation...

October 10, 2000 SAN DIEGO – Pan Pacific Retail Properties Inc. (NYSE:PNP) and Western Properties Trust (AMEX:WIR) have scheduled Nov. 9 as the date of their respective special meetings for shareholders to vote on a proposed merger.The record...

October 10, 2000 JACKSONVILLE, Fla. – The St. Joe Co. (NYSE:JOE) has completed its spin-off of its 54 percent equity interest in Florida East Coast Industries Inc. (NYSE:FLA) to its shareholders. Under the recapitalization and spin off, St....

October 10, 2000 JACKSON, Miss. – Five Arrows Realty Securities III LLC has agreed to buy up to $75 million of preferred stock in Parkway Properties Inc. (NYSE:PKY).Five Arrows, a fund managed by Rothschild Realty Inc., could buy...

Correction (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. Equitable was responding to Oct. 10...

October 10, 2000 PITTSBURGH – Interstate Hotels Corp. (Nasdaq:IHCO) has rejected an unsolicited acquisition offer from Shaner Hotel Group and instead will form a joint venture with a group led by Lehman Brothers.As part of that deal, Lehman...

October 10, 2000 BETHESDA, Md. – Host Marriott Corp. (NYSE:HMT) has closed a $250 million senior notes offering of its limited partnership unit, Host Marriott LP.The notes, which carry a 9.25 percent coupon rate, mature Oct. 1, 2007.The...

October 10, 2000 Washington REIT (NYSE:WRE) has acquired an office/retail complex at 510-526 King St. in historic Old Town Alexandria, Va., for $17 million, or about $150/sf, through a tax deferred exchange.Courthouse Square is a five-story building that...

October 6, 2000 A venture between John Buck Co. and Morgan Stanley Dean Witter is expected to tap the commercial mortgage-backed securities market in order to finance a hotel/retail complex along North Michigan Avenue in Chicago. The Chicago...