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...

September 27, 2000 Cousins Properties (NYSE:CUZ) has registered up to $69.3 million in stock.The REIT could sell up to 1.6 million shares at a proposed maximum offering price of $43.19 per share, according to a registration filed today...

September 27, 2000 NEW YORK – Fitch has upgraded three classes of NB Commercial Mortgage's FSI and affirmed the other class that it rates in the series.The rating agency raised the transaction's $1.3 million class C to triple-A...

September 27, 2000Go To Initial Price Guidance.Bear Stearns Commercial Mortgage Securities, Series 2000-WF2ClassAmount($mln)Sub. Level(%)RatingS&PRatingFitchAvg.LifePriced(BP)BenchMarkA-1170.716.5AAAAAA5.75+261-mo. LiborA-2529.416.5AAAAAA9.61+371-mo. LiborB28.313.125AAAA9.88+511-mo. LiborC26.210AA9.94+641-mo. LiborD8.49A-A-9.94+741-mo. LiborE23.066.25BBBBBB10.22+225Treas.F7.35.375BBB-BBB-11.25+260Treas.G1.055.25BBB-NRNANA--H14.73.5BB+NRNANA--I6.32.75BBNRNANA--J6.32BB-NRNANA--K2.11.75B+NRNANA--L4.21.25BNRNANA--M2.11B-NRNANA--X838.5NAAAAAAA9.17+333*--* At 100 percent CPR.Go To Standard & Poor's Presale Report. Go To Fitch's Presale Report.

September 27, 2000 NEW YORK – Standard & Poor's today affirmed its ratings on and removed its CreditWatch status from various classes of Green Tree Financial Corp. Manufactured Housing Trust's certificates; Green Tree Recreational, Equipment & Consumer Trust's...

September 27, 2000 Standard & Poor's assigned a double-B-plus rating to Heritage Property Investment Trust. The rating agency had misidentified the firm when it issued the rating on Sept. 18. Commercial Real Estate Direct ran the story on...

September 27, 2000 A joint venture of Mack-Cali Realty Corp. (NYSE:CLI) and SJP Properties has paid about $16 million for a 47-acre development site at Morris Corporate Center in Parsippany, N.J.The land, which was purchased from BASF Corp.,...

September 27, 2000FORT LAUDERDALE, Fla. – Stiles Corp. will begin construction in December on a planned 411,000-square-foot, multitenant office building, called Las Olas City Centre.Fronting on the 400 block of Las Olas Boulevard, the tower's 71,000-sf ground floor...

September 27, 2000 The Cambridge, Mass., office development that Beacon Capital Partners is looking to sell could fetch more than $200 million, according to a report in this morning's Boston Herald.Beacon Capital, an opportunity investment fund headed by...

September 26, 2000 (NewsTraders.com) – Displaying a positive stance on hospitality stocks, PaineWebber analyst Keith Mills upgraded five of the issues he covers, including Starwood Hotels (NYSE: HOT), which he promoted to "buy" from "attractive" with the comment...

September 26, 2000 LOS ANGELES – James H. Leonetti has joined CB Richard Ellis as chief financial officer.Leonetti was previously chief financial officer of Long Beach Mortgage Co., a specialty finance company that originated $3 billion of financing...

September 26, 2000 NEW YORK – Fitch has upgraded J.P. Morgan Mortgage Capital Inc.'s primary servicer rating to 'CPS2' from 'CPS3' and has issued a master servicer rating of 'CMS3'.The future status of J.P. Morgan's servicing operations is...

September 26, 2000 LONDON – Fitch has upgraded British Land's senior unsecured triple-B-plus and short-term F2 ratings from rating watch evolving to a stable ratings outlook.The original rating watch action followed British Land's conditional agreement this summer to...

September 26, 2000 NEW YORK – Fitch has downgraded two classes of Asset Securitization Corp.'s 1996-MD VI and affirmed the other classes that it rates.The rating agency lowered the $35.8 million class B-1 and the $1,000 class B-1H...

September 26, 2000 Go To Standard & Poor's Presale Report. Go To Fitch's Presale Report.Bear Stearns Commercial Mortgage Securities, Series 2000-WF2ClassAmount($mln)Sub. Level(%)RatingS&PRatingFitchAvg.LifePrice Talk(BP)BenchMarkA-1170.716.5AAAAAA5.7+27-291-mo. LiborA-2529.416.5AAAAAA9.6+37-391-mo. LiborB28.313.125AAAA9+50-521-mo. LiborC26.210AA9+65 area1-mo. LiborD8.49A-A-9+75 area1-mo. LiborE23.066.25BBBBBB9+225 areaTreas.F7.35.375BBB-BBB-9+255 areaTreas.G1.055.25BBB-NRNANA--H14.73.5BB+NRNANA--I6.32.75BBNRNANA--J6.32BB-NRNANA--K2.11.75B+NRNANA--L4.21.25BNRNANA--M2.11B-NRNANA--X838.5NAAAAAAANANA--

Correction (September 27): Barry 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...

September 26, 2000 LONDON – Security Capital Group Inc. (NYSE:SCZ) and SC-U.S. Realty (NYSE:RTY) have agreed to merge in a deal valued at $1.4 billion. Security Capital will exchange its stock and pay cash for assets of SC-U.S....

September 26, 2000Go To Fitch's Presale Report.Go To Moody's Presale Report. J.P. Morgan Commercial Mortgage Finance Corp., Series 2000-C10ClassAmount($mln)Sub. Level(%)RatingFitchRatingMoody'sAvg.LifePrice Talk(BP)BenchMarkA-195.523.25AAAAaa5.47+29-301-mo. LiborA-2471.323.25AAAAaa9 +39-411-mo. LiborB31.419AAAa29+53-551-mo. LiborC29.515AA29+66-681-mo. LiborD9.213.75A-A39+76-781-mo. LiborE23.0810.625BBBBaa29+240 areaTreas.F*10.159.25BBB-Baa39+255 areaTreas.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**738.5NAAAAAaaNANA--* Privately placed.** Interest only, notional amount.

September 26, 2000 (NewsTraders.com) – Investment management firm Greenlight Capital LLC has acquired a 5.9 percent ownership stake in Insignia Financial Group (NYSE: IFS), a New York-based real estate organization, according to a regulatory filing.Greenlight, managed by David...

September 26, 2000 NorthStar Capital Investment Corp., which owns a big stake in the Ian Schrager Hotels chain, is suing Vornado Realty Trust (NYSE:VNO), claiming the REIT's recent purchase of $75 million of its debt could restrict NorthStar...