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 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 27, 2000 BETHESDA, Md. – CoStar Group Inc. (Nasdaq:CSGP) has named Lawrence J. Dressel as chief operating officer.Dressel will be responsible for the management of operations, product development, sales, marketing and customer service.Previously, Dressel was the chief...

September 27, 2000 Jones Lang LaSalle Hotels, positioning itself to take advantage of a strengthening market in Spain and Portugal, has opened up shop in Madrid.The office will be run by Cor? Mart?n, who had been with the...

September 27, 2000 A syndication of eight banks is providing Summit Properties Inc. (NYSE:SMT) with a three-year unsecured revolving credit line totaling $225 million. First Union is administrative agent and sole lead arranger of the facility with Wachovia...

September 27, 2000 CHICAGO – Vornado Realty Trust (NYSE:VNO) has completed its purchase of 33 North Dearborn in downtown Chicago from Prime Group Realty Trust.According to early news reports in August, Prime Group was selling the 24-story office...

September 27, 2000 Pratt &Whitney puts chunk of its sprawling holdings up for saleDaily Business Review, September 27PALM BEACH, Fla. – Aerospace engine maker Pratt & Whitney, which owns 7,000 acres and 2.3 million square feet of office,...

September 27, 2000 NEW YORK – Fitch has upgraded three classes of Morgan Stanley Capital I Inc.'s 1995-HF1. The $9.9 million class D is upgraded to double-A from single-A, the $20.9 million class E to single-A from double-B...

September 27, 2000 By Thomas J. Walsh, Commercial Real Estate Direct Senior WriterVornado Realty Trust (NYSE:VNO) Chairman and Chief Executive Steven Roth today derided a recently filed lawsuit against his firm by NorthStar Capital Investment Corp. as "completely...

September 27, 2000 NewsTraders.com) – Coverage on Cousins Properties (NYSE:CUZ) was fielded today by Lehman Brothers analyst David Shulman, who opened scrutiny on the REIT with an "outperform" grade and a $49 price goal.Shulman noted that Cousins has...

September 27, 2000 NEW YORK – New Plan Excel Realty Trust Inc. (NYSE:NXL) has hired Leonard I. Brumberg to the new position of executive vice president of retail. Brumberg will have primary responsibility for the operation, leasing and...

September 27, 2000Barry Reiner is managing director of First Union's commercial real estate finance unit, which is the bank's commercial mortgage-backed securities conduit operation. Ben Williams is managing director of the bank's real estate capital markets. Reiner reports...