September 26, 2000 (NewsTraders.com) – Investor James T. Martin recently lowered his ownership stake in Hersha Hospitality Trust (AMEX:HT) to 5.3 percent from 9.4 percent.The Bermuda-based consultant, who currently owns 120,000 shares of Hersha common stock, last filed...

September 26, 2000Special to Commercial Real Estate DirectNewport Beach-based Koll Development Co. has signed five tenants to leases for the first phase of its Koll Dublin Center in Dublin, Calif., illustrating the strength of leasing activity in Northern...

September 26, 2000 Insignia Financial Group Inc. (NYSE: IFS) has joined the three powerhouse brokerage firms that launched Project Octane, an online transaction services platform slated to launch in the first quarter of 2001.Insignia joins CB Richard Ellis...

September 26, 2000 Special to Commercial Real Estate DirectIRVINE, Calif. - Opus West Corp. plans to begin marketing its new 12-story Opus Center Irvine office building in Irvine, Calif., according to sources familiar with the company.One of Orange...

September 26, 2000 BOSTON – Fleet National Bank has led a syndicate of 14 banks that has raised Boston Properties Inc.'s (NYSE: BXP) unsecured line of credit to $605 million from $500 million.The REIT will use the increased...

September 26, 2000 CRANFORD, N.J. – Mack-Cali Realty Corp. (NYSE:CLI) has increased its quarterly common-stock dividend to 61 cents/share from 58 cents/share payable Oct. 23 to holders of record Oct. 4.The increased dividend comes on the heels of...

September 26, 2000A joint venture between Morgan Stanley Real Estate Fund III and SL Green Realty Corp (NYSE:SLG) have agreed to sell 90 Broad Street for $60 million, or $176/sf, to Rockrose Development Corp.The 341,000-square-foot building was purchased...

September 26, 2000 Residents face lawsuit over developmentDaily Business Review, September 25PALM BEACH, Fla. – Catalfumo Construction and Development and its development chief have filed suit against two homeowners alleging they are blocking development, interfering with lease deals...

September 26, 2000 CHICAGO – Wexford Bancgroup has provided $18.5 million of fixed-rate financing for The Shops at Canal Place, a retail property in New Orleans' French Quarter.The 10-year mortgage carries a rate of 8.05 percent and amortizes...

September 25, 2000 (NewsTraders.com) -- Wallace R. Weitz & Co. said that its ownership stake in Hanover Capital Mortgage Holdings (Amex:HCM) now stands at 17.2 percent.Weitz, an investment firm said in April that it planned to take on...

September 25, 2000 KENNETT SQUARE, Pa. – ElderTrust (NYSE:ETT) has been notified by the New York Stock Exchange that its total market capitalization and minimum share price have fallen below levels that would allow it to remain listed...

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 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 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 (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, 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 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 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 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 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, 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, 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...