September 25, 2000 ORLANDO, Fla. – Commercial Net Lease Realty Inc. (NYSE:NNN) has issued $20 million of 8.5 percent senior unsecured notes due 2010.The notes were priced at 99.371 to yield 8.595 percent, which equates to 285 basis...

September 25, 2000 CHARLOTTE, N.C. – Allied Capital Corp. (Nasdaq:ALLC) has struck a deal to offer small business loans through MortgageRamp.com.The loans will be offered by Allied Capital Express, which provides loans of up to $3 million that...

September 25, 2000 Holiday Inn hotel in Hollywood, Fla., sold HOLLYWOOD, Fla. – Maryland-based Boulevard Motel has sold the Holiday Inn at 4000 S. Ocean Drive in Hollywood for $17.5 million, or about $54,500 per unit. Hollywood Hotel...

September 25, 2000 NEW YORK – A partnership between Gale & Wentworth and Morgan Stanley Real Estate Fund III has sold Three Gateway Center in Newark, N.J., and an adjacent parking garage to Tahl-Propp Equities for $57 million.The...

September 22, 2000 (NewsTraders.com) -- First Industrial Realty Trust (NYSE:FR) moved up to "strong buy" from "accumulate" Friday after receiving an upgrade from Prudential Securities analyst Lou Taylor, who also built up his price target on shares of...

September 22, 2000CRANFORD, NJ – As expected, Mack-Cali Realty Corp. (NYSE:CLI) and Prentiss Properties Trust (NYSE:PP) have formally terminated their merger agreement.As part of the termination agreement, Prentiss will acquire, for $47.1 million, or $175/sf, Mack-Cali's Cielo Center,...

September 22, 2000 DENVER – The Apartment Investment and Management Co. (NYSE:AIV) has completed the acquisition of Oxford Realty Financial Group Inc. for $252 million in cash and $62 million in securities.As a result of the transaction, Aimco...

September 22, 2000 NEW YORK – Edward S. Gordon, the former chairman of one of the best-known and most active commercial real estate firms in New York, died Thursday afternoon after a lengthy bout with cancer. He was...

September 22, 2000 MINNEAPOLIS – David W. MacLennan, the former executive vice president and chief financial officer of Cargill Financial Services Corp., has joined U.S. Bancorp Piper Jaffray as managing director and director of fixed income.MacLennan, who left...

September 22, 2000 North Springs plan causing a flapAtlanta Journal-Constitution, September 22NORTH SPRINGS, Ga. – Roberts Properties Peachtree Dunwoody plans to develop 720,000 square feet of office space, 100,000 sf of retail and 440 residential units on Peachtree...

September 22, 2000 (NewsTraders.com) -- Dutch pension fund Stichting Pensioenfonds ABP, known for making investments in U.S. real estate investment trusts, has acquired new stakes in two such companies, Kimco Realty Corp. (NYSE:KIM) and Vornado Realty Trust (NYSE:VNO),...

September 22, 2000 CLEVELAND – Boykin Lodging Co. (NYSE:BOY) has increased its ownership interest to 43.75 percent from 18.75 percent in the 421-room Executive Plaza Hotel in downtown Chicago.The company acquired the additional 25 percent interest from a...

September 22, 2000SAN DIEGO – The Price Enterprises Inc. affiliate of Excel Legacy Corp (AMEX:XLG) has recovered $22.1 million, or $160/sf from the sale of two Sacramento, Calif., office buildings.In addition, Price recovered $4.2 million from the sale...

September 22, 2000 METAIRIE, La. – Sarofim Realty Advisors has sold the Causeway Plaza in Metairie, La., to a venture between Concorde Realty Partners LLC and Lehman Brothers for $27.5 million.Sarofim owned the property on behalf of institutional...

September 22, 2000 Chase Commercial Mortgage Securities Corp. 2000-3ClassAmount($mln)Sub. Level(%)RatingMoody'sRatingFitchAvg.LifePriced(BP)BenchMarkA-1120.223.875AAAAAA5.7+281-mo. LiborA-247123.875AAAAAA9.6+371-mo. LiborB36.919.125AAAA10+531-mo. LiborC31.0615.125AA10+651-mo. LiborD10.6813.75A-A-10+751-mo. LiborE24.2710.625BBBBBB10+230Treas.F7.769.625BBB-BBB-10+270Treas.X*776.6NAAAAAAA--+345**Treas.*Interest only, notional amount.** At 100 percent CPR.

September 22, 2000 ATLANTA – Bass Hotels & Resorts (NYSE:BAS) has promoted John Sweetwood to president of its Americas division, which combines the firm's Midscale Hotel Group and its upscale operation.The promotion for Sweetwood, who previously ran the...

September 22, 2000 CRANFORD, N.J.– Mack-Cali Realty Corp. (NYSE:CLI), which has terminated its agreement to buy Prentiss Properties Trust (NYSE:PP), has increased its common share repurchase plan.The REIT is now authorized to buy back up to $150 million...

September 22, 2000 IRVINE, Calif. – Cousins Properties Inc. (NYSE:CUZ) has opened the Mira Mesa MarketCenter, a 464,000-square-foot development featuring retail, dining, office space and entertainment.The center, at the intersection of Mira Mesa Boulevard and Interstate 15, is...

September 22, 2000 SACRAMENTO, Calif. – The California Job Journal, a local newspaper publishing business, has sued Pacific Gulf Properties alleging that office space at the REIT's Sacramento Commerce Park is contaminated with toxic mold.Pacific Gulf is in...

September 21, 2000CLEVELAND – Developers Diversified Realty (NYSE:DDR) has received final approval from the Kent planning commission to construct a shopping center at State Route 261 and State Route 43 in Kent, Ohio.The company will begin construction on...

September 21, 2000BOSTON – A joint venture between Boston Properties Inc. (NYSE:BXP) and the New York State Common Retirement Fund has acquired 265 Franklin S. in Boston.Although terms were not disclosed, the purchase price is believed to have...

September 21, 2000 Martin Lanigan, who resigned from Prudential Mortgage Capital last month, was a managing director in charge of evaluating investments in subordinate commercial mortgage-backed securities. His title was mistated in an Aug. 28 article, "Marty Lanigan...

September 21, 2000 Go To S&P's Presale Report.Go To Fitch's Presale Report.Chase Commercial Mortgage Securities Corp. 2000-3ClassAmount($mln)Sub. Level(%)RatingMoody'sRatingFitchAvg.LifePriceTalk(BP)BnchMarkA-1120.223.875AAAAAA5.7+27-291-mo. LiborA-247123.875AAAAAA9.6+37-391-mo. LiborB36.919.125AAAA10+52-541-mo. LiborC31.0615.125AA10+65-671-mo. LiborD10.6813.75A-A-10+75-771-mo. LiborE24.2710.625BBBBBB10+240 areaTreas.F7.769.625BBB-BBB-10+270 areaTreas.X*776.6NAAAAAAA--NA--*Interest only, notional amount.

September 21, 2000 Table includes initial price guidance.1345 Avenue of the Americas Trust, Series 2000-XL1345ClassAmount($mln)RatingFitchRatingMoody'sAvg.LifePriceTalk(BP)Priced(BP)BenchMarkA-146.6AAAAaa5.6+34-36+361-mo. LiborA-2233.3AAAAaa9.9+45-46+461-mo. LiborB50.9AAAa29.9+57-59+591-mo. LiborC49AA29.9+69-71+701-mo. LiborD19.5A-A39.9+80-82+801-mo. LiborE34.2BBBBaa29.9+220-225*+220Treas.F16.4BBBBaa3**9.9+240 area+238Treas.X***450AAAAaa--NA+265****Treas.* The class E, triple-B strip was shopped for a period at +212 bp, but moved back to...

September 21, 2000 Andrew J. Merin has been named executive vice president of Cushman & Wakefield of New Jersey Inc. and has been appointed to the parent firm's board of directors.A 25-year industry veteran, Merin this year closed...