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 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...

September 27, 2000 TULSA, Okla. – Salomon Smith Barney has provided $25.7 million of variable-rate financing for the Techridge Office Park, which is owned by a joint venture between Kennedy-Wilson Properties and ING Realty Partners.L.J. Melody & Co....

September 27, 2000 (NewsTraders.com) – BRT Realty Trust (NYSE:BRT), in its continuing efforts to increase its stake in Entertainment Properties Trust (NYSE:EPR), on Wednesday said it wants to purchase 1.3 million shares for $19.5 million from the theater...

September 27, 2000 NEW YORK – Standard & Poor's has raised its ratings on five classes of Nomura Asset Securities Corp.'s 1995-MDIII, while affirming the ratings on five of the deal's other classes.About 38 percent of the unpaid...

September 27, 2000 KANSAS CITY, Mo. – Midland Loan Services Inc. has put collateral and loan information on more than 50 commercial mortgage-backed securities issues on a new Web site.CMBS Investor Insight replaces Midland's Loan Portfolio Analysis System.CMBS...

September 27, 2000 WINNIPEG, Manitoba –Consolidated Properties Ltd. (TSE:COP) has retained Trilon Securities Corp. as financial adviser to review strategic alternatives for the company.The company's decision to hire a financial adviser comes less than two weeks after an...

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...

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 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...