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...

September 27, 2000Go To Initial Price Guidance.Bear Stearns Commercial Mortgage Securities, Series 2000-WF2ClassAmount($mln)Sub. Level(%)RatingS&PRatingFitchAvg.LifePriced(BP)BenchMarkA-1170.716.5AAAAAA5.75+261-mo. LiborA-2529.416.5AAAAAA9.61+371-mo. LiborB28.313.125AAAA9.88+511-mo. LiborC26.210AA9.94+641-mo. LiborD8.49A-A-9.94+741-mo. LiborE23.066.25BBBBBB10.22+225Treas.F7.35.375BBB-BBB-11.25+260Treas.G1.055.25BBB-NRNANA--H14.73.5BB+NRNANA--I6.32.75BBNRNANA--J6.32BB-NRNANA--K2.11.75B+NRNANA--L4.21.25BNRNANA--M2.11B-NRNANA--X838.5NAAAAAAA9.17+333*--* At 100 percent CPR.Go To Standard & Poor's Presale Report. Go To Fitch's Presale Report.

September 27, 2000 NEW YORK – Standard & Poor's today affirmed its ratings on and removed its CreditWatch status from various classes of Green Tree Financial Corp. Manufactured Housing Trust's certificates; Green Tree Recreational, Equipment & Consumer Trust's...

September 27, 2000 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 story on...

September 27, 2000 A joint venture of Mack-Cali Realty Corp. (NYSE:CLI) and SJP Properties has paid about $16 million for a 47-acre development site at Morris Corporate Center in Parsippany, N.J.The land, which was purchased from BASF Corp.,...

September 27, 2000FORT LAUDERDALE, Fla. – Stiles Corp. will begin construction in December on a planned 411,000-square-foot, multitenant office building, called Las Olas City Centre.Fronting on the 400 block of Las Olas Boulevard, the tower's 71,000-sf ground floor...

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 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 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--