October 5, 2000 PNC Mortgage Acceptance Corp., Series 2000-C2ClassAmount($mln)Sub. Level(%)RatingMoody'sRatingS&PAvg.LifePriceGuidance(BP)BenchMarkA-1200.623.75AaaAAA5.729-301-mo. Libor A-2620.0523.75AaaAAA9.439-401-mo. LiborB43.0519.75Aa2AA9.954-551-mo. LiborC48.415.25A2A9.968-691-mo. LiborD13.4514A3A-1078-791-mo. LiborE13.3412.75Baa1BBB+10220-22510-yr Treas.F18.811Baa2BBB10230-23510-yr Treas.G16.149.5Baa3BBB-10265 area10-yr Treas.H18.87.75Ba1BB+10490 area10-yr Treas.J29.65Ba2BB10NA--K8.074.25Ba3BB-10.2NA--L8.073.5B1B+12.4NA--M10.762.5B2B14.3NA--N5.42B3B-14.6NA--O21.5NANRNR15.1----X*1,076NAAaaAAA9.03NA--* Interest only, notional amount.

October 5, 2000 CHARLOTTE, N.C. – Summit Properties Inc. (NYSE:SMT) has sold three apartment communities, two in Cincinnati and one in Indianapolis, for about $55.3 million.The properties, totaling 873 units, were Summit Blue Ash and Summit Park, in...

October 5, 2000 NEW YORK – Ventas Inc. (NYSE: VTR) has objected to the reorganization plan filed by its main tenant, hospital and nursing home operator Vencor Inc. (OTCBB:VCRIQ).Vencor, the country's largest provider of long-term health care, had...

October 5, 2000 KANSAS CITY, Kan. – Bedford Property Investors Inc. (NYSE:BED) has recovered $31.3 million from the sale of nine Kansas City properties totaling 463,000 square feet.The REIT no longer owns any properties in Kansas City. It...

October 5, 2000 MANHATTAN BEACH, Calif. – Madison Marquette has completed its $90 million purchase of the Manhattan Village mall in Manhattan Beach from AMB Institutional Realty Advisors Inc. and Macerich Co. (NYSE:MAC).Madison Marquette, which is based in...

October 5, 2000 Developer seeks $29 Mln for Boca Raton, Plantation propertiesDaily Business Review, October 5BOCA RATION, Fla. – Real estate developer Bruce Rendina plans sell about $29 million in assets in Boca Raton and Plantation. Reese Stigliano,...

October 5, 2000By Brad Berton, Commercial Real Estate Direct Contributing EditorSEATTLE – Safeco has leased the entire 129,351-square-foot first phase of the two-building Roosevelt Commons project planned for north of the central business district.Financial details of the 12-year...

October 5, 2000 Spieker Properties Inc. (NYSE:SPK) has purchased Lincoln Center in Portland, Ore., and Drakes Landing in Marin County, Calif., for $159 million.The purchase is being funded with proceeds of the recent sale of industrial properties.Lincoln Center...

October 4, 2000 HORSHAM, Pa. – GMAC Commercial Mortgage has provided a $51.5 million interim loan for The Fashion Outlet of Las Vegas, an outlet center in the Las Vegas suburb of Primm.The borrower is a joint venture...

October 4, 2000 GAITHERSBURG, Md. – Boston Properties (NYSE:BXP) has sold two office/lab buildings to MGP Real Estate LLC for $24 million, or roughly $100/sf.The two buildings, 910 and 930 Clopper Road off Interstate 270 in Gaithersburg, Md.,...

October 4, 2000 TORONTO – Ivanhoe, the real estate arm of the Caisse de Depot et Placement du Quebec, has completed its acquisition of the remaining common shares of Cambridge Shopping Centres Ltd. (TSE:CBG.TO).Cambridge is now a wholly...

October 4, 2000 NEW YORK –Eastern Consolidated Properties Inc. has named Eric Anton and Ronald Solarz principals. They join Eastern's team of eight principals: Chairman Peter Hauspurg, Vice Chairman Brian Ezratty, President Daun Paris, Jeff Troy, Ronda Rogovin,...

October 4, 2000 COLUMBUS, Ohio – Crown Northcorp (OTC:ASET.OB), which recently lost its biggest client, has decided to trim its staff substantially, close offices and accept the resignation of many of its senior managers.The measures are the result...

October 4, 2000 NEW YORK – CDC Mortgage Capital has sold a $181.3 million mortgage on 1177 Avenue of the Americas in Midtown Manhattan to Northwestern Mutual Life and New York Life.CDC Mortgage had acquired the loan last...

October 4, 2000 INDIANAPOLIS – Duke-Weeks Realty Corp. (NYSE:DRE) has sold $469 million of industrial properties and $30 million of undeveloped land to a joint venture it formed with J.P. Morgan Investment Management Inc. and General Motors Asset...

October 4, 2000 The California Public Employees Retirement System has purchased Ontario Place, a mixed-use high-rise in Chicago, in a deal valued at $105 million.The Chicago Tribune is reporting that CalPERS purchased the 50-story property, which contains 470...

October 4, 2000 CHARLOTTE, N.C. – IBM has sold a 1.9 million-square-foot office, warehouse and manufacturing facility in Charlotte to the Meridian Group.Although a purchase price was not disclosed, Meridian, which is based in Bethesda, Md., is believed...

October 4, 2000 ATLANTA – RFS Hotel Investors Inc. (NYSE:RFS) has sold the 280-room Hawthorn Suites Atlanta Northwest to Schaedle Worthington Hyde Properties LP for $20.75 million or $74,100/unit.The Memphis, Tenn., REIT plans to use proceeds from the...

October 4, 2000 CLEVELAND – KeyCorp (NYSE:KEY) has completed its purchase of Newport Mortgage Co., a Dallas lender that specializes in originating multifamily mortgages through various government agency programs.Newport has been integrated into Key Commercial Mortgage, the commercial...

October 4, 2000 NEW YORK – Fitch has assigned its triple-B rating to Cabot Industrial Properties LP's recently established $200 million medium-term note program.The triple-B rating is also assigned to Cabot's $40 million, 8.2 percent senior notes due...

October 4, 2000 NEW YORK – Standard & Poor's has assigned its 'strong' special servicer ranking to Lennar Partners Inc., a unit of LNR Property Corp. (NYSE:LNR).The rating agency said it believes that the company would be able...

October 4, 2000 SAN FRANCISCO – Sun Microsystems Inc. has signed a 10-year lease for 39,500 square feet at Skyway Landing, a development owned and operated by Spieker Properties Inc. (NYSE:SPK).Sun Microsystems will move into its new space...

October 4, 2000 AutoNation sells second Ft. Lauderdale buildingDaily Business Review, October 4FORT LAUDERDALE, Fla. – AutoNation Inc. has completed the sale of the 166,000-square-foot ANC Plaza in downtown Fort Lauderdale at 200 S. Andrews Ave. The building,...

October 4, 2000 AutoNation sells second Ft. Lauderdale buildingDaily Business Review, October 4FORT LAUDERDALE, Fla. – AutoNation Inc. has completed the sale of the 166,000-square-foot ANC Plaza in downtown Fort Lauderdale at 200 S. Andrews Ave. The building,...

October 3, 2000 MELVILLE, N.Y. – Reckson Associates Realty Corp. (NYSE:RA) has sold a 49 percent interest in eight New York-area properties to an unidentified pension fund for about $136 million.The 1.5 million-square-foot portfolio consists of 51 JFK...