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 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 (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 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 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 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 (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...