September 20, 2000 SAN DIEGO – Pan Pacific Retail Properties Inc. (NYSE:PNP) has paid $18.3 million for Granary Square, a 137,000-square-foot shopping center in Valencia, Calif.The property is 87 percent leased and anchored by Ralph's Supermarket and Long's...

September 20, 2000 Suite hotel to be built in DavidsonCharlotte Observer, September 20CHARLOTTE, N.C. – The Unicorn Group plans to build a five-story, 82-suite hotel and conference center in Davidson Gateway, an 18-acre mixed-use development on Griffith Street...

September 20, 2000 Go To Story in the Commercial Real Estate Direct Archive.Table includes initial price guidance from September 18.FNMA 2000-M2ClassAmount($mln)Avg.LifePriceTalk(BP)Priced(BP)BenchmarkA325.7+7-10+85-yr. FNMA bonds(7%; July '05)B476.89.7+13 area+1410-yr. FNMA bonds(7.125%; June '10)X*2--NANA--* Interest only, notional amount.Underwriter: Donaldson, Lufkin & Jenrette

September 19, 2000 SEOUL (Asia Pulse/Yonhap) – Export-Import Bank of Korea has sold $156 million of problem assets to Salomon Smith Barney.Few details about the assets were available, but Salomon is said to have paid a combination of...

September 19, 2000 Commercial Real Estate DirectTerm sheets for Bear Stearns Commercial Mortgage Securities, 2000-WF2, an $850 million commercial mortgage-backed securities deal, have been filed with the SEC. The collateral pool totals 146 mortgages originated by Bear Stearns,...

September 19, 2000 CLEVELAND – Boykin Lodging Co. (NYSE:BOY) has exchanged its Cleveland Marriott East Hotel in Beachwood, Ohio, with Hilton Hotels Corp. (NYSE:HLT) for two hotels in San Antonio, Texas, and Southfield, Mich.The 403-unit Cleveland Marriott, which...

September 19, 2000 CHATTANOOGA, Tenn. – Farzana K. Mitchell, a product development executive with Lend Lease Real Estate Investments, has joined CBL & Associates Properties Inc. (NYSE:CBL) as senior vice president of finance.In the newly created position, Mitchell...

September 19, 2000 CHICAGO – LaSalle Investment Management has named Jack R. Chandler chief executive officer of its new Asian Pacific operation in Singapore.Chandler, previously managing director of acquisitions, is charged with attracting capital from investors interested in...

September 19, 2000 Buckhead getting new Expo CenterAtlanta Journal-Constitution, September 19ATLANTA – Home Depot plans to open an Expo Design Center at the old Sam's Club site near the Lindbergh MARTA station next spring after it remodels the...

September 19, 2000 OAK BROOK, Ill. – Great Lakes REIT (NYSE:GL) has sold a 184,545-square-foot building in Denver for about $27 million.The sale of the building, at 183 Inverness, is expected to close in the fourth quarter.In addition,...

September 19, 2000 RICHMOND, Va. – Cornerstone Realty Income Trust (NYSE:TCR) has acquired the Prestwick Apartments at Glen Eagles in Winston-Salem, N.C., for $9.6 million from Meridia Winston Apartments LLC.The 144-unit apartment complex sits on about 18 acres...

September 19, 2000 Go To S&P's Presale Report.Go To Moody's Presale Report.LB-UBS Commercial Mortgage Trust 2000-C4ClassAmount($mln)Sub. Level(%)RatingS&PRatingMoody'sAvg.LifePriceTalk(BP)BnchMarkA-117021AAAAaa5.87+30-321-mo. LiborA-2619.321AAAAaa9.45+40-421-mo. LiborB42.516.75AAAa29.7+55 area1-mo. LiborC4012.75AA29.7+68 area1-mo. LiborD12.511.5A-A39.7+78 area1-mo. LiborE7.510.75BBB+Baa19.8+225 areaTreas.F17.59BBBBaa29.8+235 areaTreas.G12.57.75NRBaa3------H22.55.5NRBa1------J12.54.25NRBa2------K7.53.5NRBa3------L7.52.75NRB1------M6.21.75NRB2------N51.25NRB3------P16.2NRNRNR------X*999.1--AAAAaa------* Notional amount, interest only.

September 19, 2000 NORTHBROOK, Ill. – Heritage Property Investment Trust Inc. has completed its purchase of Bradley Real Estate Inc. (NYSE:BTR)As

Correction (September 27): Standard & Poor's assigned a double-B-plus rating to Heritage Property Investment Trust. The rating agency had misidentified the firm when it issued the rating on Sept. 18. Commercial Real Estate Direct ran the incorrect name...

September 19, 2000 CARY, N.C. – Konover Property Trust Inc. (NYSE:KPT) has sold its 142,000-square-foot Factory Stores of America shopping center, in Lake Park, Ga., for about $3 million to East Coast Properties.

September 18, 2000 BOSTON – L.J. Melody & Co. has acquired Boston Mortgage Capital Corp., marking the firm's entree into the Boston market.Details of the acquisition, which was first reported by the Boston Business Journal, were not disclosed....

September 18, 2000(NewsTraders.com) -- Lehman Brothers analyst David Shulman launched coverage of AvalonBay Communities (NYSE:AVB) with an "outperform" rating and a $52 price objective, dubbing the company "our idea of the 'model' apartment community."AvalonBay has properties located in...

September 18, 2000 LOS ANGELES – Patrick Brown, a vice president at Greenwich Capital Markets, has joined Sonnenblick-Eichner Co. as executive director.In his new post, Brown will be responsible for managing the recently formed firm's institutional relationships and...

September 18, 2000 SAN FRANCISCO – BRE Properties Inc. (NYSE:BRE) has completed the sale to DRA Advisors Inc. of 19 apartment complexes, totaling 4,288 units in Tucson, Ariz., Albuquerque, N.M., Las Vegas and Phoenix for about $261 million.The...

September 18, 2000 Special to Commercial Real Estate DirectTim Strader Jr., director of real estate development for Opus West Corp., has left the firm to join his father at Starpointe Ventures.Strader will serve as executive vice president of...

September 18, 2000 Morgan Stanley Dean Witter Capital I Trust 2000-PRINClassAmount($mln)Sub. Level(%)RatingMoody'sRatingS&PAvg.LifePricetalk(BP)BnchMarkA-156.113AaaAAA3.4+21-221-mo. LiborA-2160.613AaaAAA5.7+28-291-mo. LiborA-3104.513AaaAAA7.3+33-341-mo. LiborA-419913AaaAAA10.7+42-441-mo. LiborB17.910Aa2AA14.7+63-651-mo. LiborC19.46.75A3A15.8+80 area1-mo. LiborD*10.45Baa2BBB17+260 areaTreas.E*4.54.25Baa3BBB-NANATreas.X**597.98--AaaAAA--NA--* Privately offered.** Interest only.

September 18, 2000 Morgan Stanley Dean Witter Capital I Trust 2000-PRINClassAmount($mln)Sub. Level(%)RatingMoody'sRatingS&PAvg.LifePriced(BP)BnchMarkA-156.113AaaAAA3.4+211-mo. LiborA-2160.613AaaAAA5.7+291-mo. LiborA-3104.513AaaAAA7.3+341-mo. LiborA-419913AaaAAA10.7+441-mo. LiborB17.910Aa2AA14.7+641-mo. LiborC19.46.75A3A15.8+801-mo. LiborD*10.45Baa2BBB17+260Treas.E*4.54.25Baa3BBB-NANATreas.X**597.98--AaaAAA--NA--* Privately offered.** Interest only.

September 18, 2000CT Realty Corp. of Newport Beach, Calif., has paid $11.6 million for a 130-unit complex in Orange, Calif.The property, Strada Apartments, was purchased from Fairfield Residential Inc. of San Diego. It is at 175 N. Feldner...

September 18, 2000 Nashville development agency offers $15 Mln incentiveNashville Business Journal, September 18 NASHVILLE, Tenn. – The Metropolitan Development and Housing Agency is offering a $15 million incentive to developers who help transform a derelict rail yard...

September 18, 2000 JACKSONVILLE, Fla. – Regency Realty Corp. (NYSE:REG) has privately placed with an institutional investor $24 million of 8.75 percent series F cumulative redeemable preferred sharesThe investor paid $100 for each of 240,000 units in the...