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 15, 2000 HOUSTON – Camden Property Trust (NYSE:CPT) sold 11 apartment complexes with 3,600 units for $137.2 million.The sales will result in a gain on sale of about $17 million. The properties were in Houston, Dallas, Las...

September 15, 2000 NEW YORK – Brenda Mixson, the chief financial officer of First Union Real Estate and Mortgage Investments (NYSE:FUR), has joined CapitalThinking Inc. as executive vice president.Mixson is charged with overseeing the lending site's application servicer...

September 15, 2000 BOSTON – Charlesbank Capital Partners LLC, a real estate investment firm, has hired Gary D. Kamin as vice presidentKamin was formerly portfolio manager with GE Capital Investment Advisors. Before that, he was with AEW Capital...

September 15, 2000By Michael Zebe, Commercial Real Estate Direct WriterRaymond James Financial Inc. has upgraded Prentiss Properties Trust (NYSE:PP) to a buy from market-perform, further sentiment that the $2.3 billion acquisition of the Dallas-based REIT by Mack-Cali Realty...

September 15, 2000 It appears that the Mack-Cali Realty Corp.'s (NYSE:CLI) proposed $2.3 billion acquisition of Prentiss Properties Inc. (NYSE:PP) might be coming unglued. Dow Jones Newswires reported that Mack-Cali and Prentiss were negotiating terms of a breakup...

September 15, 2000 NEW YORK – SL Green Realty (NYSE:SLG) has profited handsomely on a $20 million preferred equity investment it made last year in 1370 Avenue of the Americas in Midtown Manhattan.SL Green, which had been managing...

September 15, 2000 New Galleria tower comingAtlanta Journal-Constitution, September 15ATLANTA – Childress Klein Properties plans to begin construction on Nov.1 on Galleria 600, an 18-story, 432,000-square-foot office tower. The $80 million, speculative tower, in the Galleria area at...

September 15, 2000 BEVERLY HILLS, Calif. – James Rosten has been named president of Kennedy-Wilson Inc.'s (Nasdaq:KWIC) property management affiliate.Rosten was previously senior managing director of the affiliate, Kennedy-Wilson Properties Ltd. In his new role, he'll oversee the...

September 14, 2000 NEW YORK – First Union Real Estate Investments (NYSE:FUR) has executed a definitive agreement to sell a batch of its real estate to Radian Investors LLC for $200 million.It is still negotiating a separate $5...

September 14, 2000 Commercial Real Estate DirectARCap Investors LLC, a joint venture between REMICap of Dallas and Apollo Real Estate, has circled the junior tranches of the soon-to-be-launched J.P. Morgan Commercial Mortgage Finance Corp. 2000-C10 deal.Full marketing on...

September 14, 2000 O&Y Properties to begin building in downtown in NovemberCanada News Wire, September 14TORONTO – O&Y Properties Corp. has leased 150,000 square feet, with potential for expansion to 175,000 sf, to Maritime Life Assurance Co. in...

September 14, 2000 Go To Initial Price Talk Table.Banc of America Commercial Mortgage Inc. Series 2000-1ClassAmount($mln)Sub. Level(%)RatingMoody'sRatingS&PAvg.LifePriced(BP)BnchMarkA-1A153.226.25AaaAAA5.5+301-mo. LiborA-2A29926.25AaaAAA8.7+391-mo. LiborA-1B55.626.25AaaAAA2+321-mo. LiborA-2B38.426.25AaaAAA5.5+501-mo. LiborA-3B2026.25AaaAAA7.6+581-mo. LiborB4121Aa2AA9.05+571-mo. LiborC35.116.5A2A9.07+751-mo. LiborD11.715A3A-9.13+871-mo. LiborE27.311.5Baa2BBBNA+250Treas.F11.710Baa3BBB-NA+275Treas.X771.2NAAaaAAA--N/ATreas.

September 14, 2000 NORTHBROOK, Ill. – Heritage Property Investment Trust plans to close its merger of Bradley Real Estate Inc. (NYSE: BTR) by close of business Sept. 18.In addition, Heritage has extended until 5 pm EST on Sept....

September 14, 2000 Orlando gets Ritz-CarltonThe Orlando Sentinel, September 14ORLANDO, Fla. – Construction will being next month on a 15-story, 584-room Ritz Carlton hotel at John Young Parkway and Central Florida Parkway. The hotel is set to open...

September 14, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorSAN DIEGO - San Diego's apartment market should continue to see rents and values rise in the near-term due in part to an anticipated population increase of...

September 13, 2000 MIAMI – Principal Mutual Life has sold the Universal Plaza retail center in Lauderhill to Woolbright Development for $7.63 million.Woolbright, a Boca Raton, Fla., company, will completely redevelop the property, building a 185,000-square-foot Super Target...

September 13, 2000 DENVER – Apartment Investment and Management Co. (NYSE:AIV) has raised $200 million through the sale of convertible preferred stock to two investors.GE Capital Real Estate and GE Equity bought $100 million of Class-N convertible preferred,...

September 13, 2000 NEW YORK – J.P. Morgan Investment Management and the New York State Teachers' Retirement System have paid $250 million for a sizable stake in Edens & Avant, a Columbia, S.C., shopping center developer. The $125...

September 13, 2000 Chase Manhattan Corp. has agreed to acquire J.P. Morgan & Co. in a stock deal valued at about $36 billion, marking another step in consolidation of the mortgage lending industry by way of merging investment...

September 13, 2000 Prison Realty gets restructuring approvalTennessean, September 13NASHVILLE, Tenn. – Prison Realty Trust has won approval for a restructuring that includes a merger with sister company Corrections Corp. of America. In addition, a federal judge has...

September 13, 2000An investment group led by Michael and Richard Kelly, principals of a San Diego mortgage-trading firm, have offered to buy Dynex Capital Inc. (NYSE:DX) in a $90 million deal.California Investment Fund, the group that the Kellys...

September 13, 2000 (NewsTraders.com) -- Hotel-Motel Management Corp. boosted its ownership stake in Buckhead America Corp. (Nasdaq:BUCK) to 12.8% through recent open market purchases, according to a regulatory filing.During the past 60 days, Hotel-Motel bought 13,730 shares, on...

September 13, 2000 DENVER – AmeriVest Properties Inc. (AMEX:AMV) has acquired three office buildings in Denver for $9.6 million, or about $68/sf.The buildings, totaling 140,670 square feet, are located at 1777, 1780 and 1805 South Bellaire St. and...