September 29, 2000 OXNARD, Calif. – LTC Properties Inc. (NYSE:LTC), which was facing a maturing credit facility, has been granted a 30-day extension to negotiate a replacement credit line from its nine-bank syndicate of lenders.The extension expires Oct....

September 29, 2000 NEWTOWN SQUARE, Pa. – De Lage Landen Financial Services Inc. has acquired 1111 Old Eagle School Road in King of Prussia, Pa., from Brandywine Realty Trust (NYSE:BDN) for $50 million, or $242/sf.The 207,000-square-foot building will...

September 29, 2000 NEW YORK – SL Green Realty Corp. (NYSE:SLG) has agreed to buy 1 Park Ave. in Midtown Manhattan in a deal valued at $233.9 million.The REIT is buying the fee interest and certain mortgage interests...

September 29, 2000 The Rihga Royal Hotel in Midtown Manhattan appears to be close to being sold.As earlier reported, the hotel's owner, Royal Hotels of Osaka, Japan, had fielded about six offers ranging from $170 million to $220...

September 29, 2000 Central Perimeter market boomingAtlanta Journal-Constitution, September 29ATLANTA – Developer Hines will build a second 18-story office tower at the Perimeter Summit development, an 83-acre mixed-use project at I-285 and Ashford Dunwoody Road in Perimeter, Ga....

September 29, 2000 W. Fred Williams has resigned as president of JDN Realty Corp.'s (NYSE:JDN) 52-member development and construction group.Williams held the position since March, when he was hired by the REIT to oversee JDN Development Co. Inc.While...

September 29, 2000 BOSTON – Boston Properties Inc. (NYSE:BXP) has named Douglas T. Linde its chief financial officer succeeding David G. Gaw, who will leave the company Oct. 31.Linde was previously the company's senior vice president for financial...

September 28, 2000 Go To Initial Price Guidance Table. J.P. Morgan Commercial Mortgage Finance Corp., Series 2000-C10ClassAmount($mln)Sub. Level(%)RatingS&PRatingFitchAvg.LifePriced(BP)BenchMarkA-195.523.25AAAAaa5.47+291-mo. LiborA-2471.323.25AAAAaa9 +401-mo. LiborB31.419AAAa29+551-mo. LiborC29.515AA29+681-mo. LiborD9.213.75A-A39+781-mo. LiborE23.0810.625BBBBaa29+237Treas.F*10.159.25BBB-BBB-9+270Treas.G*14.87.25BB+Ba1NANA--H*14.85.25BBBa2NANA--J*7.44.25BB-Ba3NANA--K*5.53.5B+B1NANA--L*7.42.5BB2NANA--M*5.51.75B-B3NANA--NR*12.90.00NRNRNANA--X**738.5+355***AAAAaaNANATreas.* Privately placed.** Interest only, notional amount.*** At 100 percent CPR.Go To Fitch's Presale Report.Go...

September 28, 2000 By B.J. Lee, Asian Assets Direct CorrespondentSEOUL - Korea Asset Management Corp. has selected Morgan Stanley Dean Witter as its partner in a corporate restructuring company that will be capitalized at $270 million. It will...

September 28, 2000Tony Poll Jaffe, a loan originator with Credit Suisse First Boston, has moved over to CDC Mortgage Capital.Poll Jaffe was named managing director of mortgage originations at the lender, which is a unit of Caisse des...

September 28, 2000 KUALA LUMPUR (Asia Pulse/Bernama) – Pengurusan Danaharta Nasional Bhd plans to sell three foreclosed hotels and other assets in Malaysia.Danaharta will accept offers on the properties on Oct. 11.Danaharta is offering: – a 54-room resort...

September 28, 2000 CHICAGO – FirstCity Financial Corp. of Waco, Texas, has paid $9.7 million, or 69 percent of balance, for a portfolio of mixed-quality commercial loans from PNC Bank.FirstCity is one of 10 investors that competed for...

September 28, 2000 BINGHAM FARMS, Mich. – Malan Realty Investors Inc. (NYSE:MAL) has named Jeffrey D. Lewis as chief executive officer – effective immediately.He replaces Anthony S. Gramer, who left the company in July 2000. Lewis was elected...

September 28, 2000 IRVING, Texas – FelCor Lodging Trust Inc. (NYSE:FCH) has sold its 215-unit Embassy Suites Los Angeles International Airport-North hotel, for about $24 million to Sunstone Hotel Investors Inc.As a result of the sale, FelCor will...

September 28, 2000 Buckhead Plaza sold for $79.5 millionAtlanta Journal-Constitution, September 28ATLANTA – Strategic Partners, an entity of CB Richard Ellis Investors, has acquired One Buckhead Plaza for $79.5 million from Overseas Partners Capital. The 20-story tower, at...

September 28, 2000LOS ANGELES – Jones Lang LaSalle has appointed Thomas G. Miller as managing director of Capital Markets.Miller will manage the company's western markets.Since joining the firm in 1984, Miller has worked in several different areas including...

September 28, 2000 PALO ALTO, Calif. – Essex Property Trust Inc. (NYSE:ESS) has acquired the 174-unit Rosebeach Apartments in La Mirada, Calif. for $11.7 million.Essex expects to invest an additional $4.9 million to renovate and reposition the property.

September 28, 2000 NEW YORK – Wellsford Real Properties Inc. (AMEX:WRP) said it continues to hold discussions with Goldman Sachs' Whitehall Street Real Estate Funds concerning a possible sale or transfer of its interest in Wellsford/Whitehall Group LLC,...

September 28, 2000 CHICAGO – Fitch has upgraded one class of Credit Suisse First Boston Mortgage Securities Corp.'s 1995-MF1 and affirmed the other class it rates in the series.The $5.5 million Class SB is upgraded to double-B-plus from...

September 28, 2000 SAN DIEGO – The Shidler Group has formed Westcore Industrial Properties LLC, an affiliate that will buy industrial and research and development properties in the western U.S.The unit will be headed by Marc R. Brutten,...

September 28, 2000 All the bonds from Bear Stearns and Wells Fargo's recent conduit deal sold. The deal was oversubscribed, with 98 percent sold to cash buyers and the rest sold on swap. A story on Sept. 27,...

September 28, 2000 Michael Reschke, chairman and chief executive of Prime Group Realty Trust (NYSE:PGE), has acquired Blackstone Group's interest in Prime for $61 million.The Chicago Tribune has reported that Reschke's acquisition was financed by Vornado Realty Trust...

September 28, 2000 The board of directors at Captec Net Lease Realty Inc. (Nasdaq:CRRR) plans to proceed with a possible sale of the company.Based on the recommendation of its financial adviser, Prudential Securities Inc., Captec has formed a...

September 28, 2000 SAN DIEGO – Stellcom Inc., an engineering consulting firm, has agreed to lease 97,000 square feet in a San Diego office park owned by CarrAmerica Realty Corp. (NYSE: CRE).The 123,000-sf Del Mar Corporate Plaza is...

September 27, 2000 HORSHAM, Pa. – GMAC Commercial Mortgage has arranged $16 million in permanent financing for the 450 Piedmont complex, a 254-unit townhouse development in Atlanta.The fixed rate, 25-year self-amortizing financing was arranged through Freddie Mac.GMACCM vice...