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 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 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 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 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 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 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 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 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 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...

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...