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...

September 13, 2000 NORTH MIAMI BEACH, Fla. – Equity One Inc (NYSE:EQY) has acquired the Mariners Crossing Shopping Center in Spring Hill, Fla. for $5.5 million.The 85,507-square-foot shopping center is anchored by a 48,315 sf Kash `n Karry....

September 13, 2000 LOS ANGELES – Lowe Enterprises Investment Management Inc. has acquired Stonebridge Plaza I in Austin, Texas, on behalf of a pension fund client for an undisclosed amount. The nine-story, 193,200-square-foot office building, at 9606 North...

September 13, 2000 NORTHBROOK, Ill. – Boston-based Heritage Property Investment Trust is extending until Sept. 14 at 5 pm EST its offer to buy all outstanding units of limited partnership interest in Bradley Real Estate Inc. for $22.00...

September 13, 2000 ROCKVILLE, Md. – Cost Plus World Market has signed a lease for 16,000 square feet at Federal Realty Investment Trust's (NYSE: FRT) mixed-use development Pentagon Row in Arlington Va. The home furnishings retailer is among...

September 13, 2000 ATLANTA – Chastain Capital Corp. (OTC:CHAS) has completed the sale of its final asset, the Lakeside Plazaretail center, for $3.2 million. The sale allows the company to set its final liquidating distribution, of 53 cents/share....

September 12, 2000 Go To Initial Price Talk Table.COMM 2000-C1ClassAmount($mln)Sub. Level(%)RatingFitchRatingS&PAvg.LifeSpread(BP)BnchMarkA-1148.523AAAAAA5.6+301-mo. LiborA-2542.923AAAAAA9.1+391-mo. LiborB38.218.75AAAA9.7+541-mo. LiborC39.314.375AA9.7+681-mo. LiborD13.512.875A-A-9.7+781-mo. LiborE25.810BBBBBB9.7+245Treas.F*11.28.75BBB-NR9.7+270Treas.X**897.9--AAAAAA----Treas.* Privately placed.** Notional amount, interest only.

September 12, 2000SAN DIEGO, CALIF. – Jay L. Schottenstein has been named co-chairman of Burnham Pacific Properties Inc.'s (NYSE:BPP) board.In addition, the REIT, which has adopted a plan of liquidation, has hired an affiliate of Developers Diversified Realty...

September 12, 2000 Good office space getting harder to find in CalgaryFinancial Post, September 12CALGARY, Alberta – Vacancy rates in downtown Calgary have dropped to about 8.6 percent from the midyear rate of 9.9 percent, according to a...

September 12, 2000 LOS ANGELES – Steven A. Swerdlow has been named executive managing director of CB Richard Ellis' eastern division. In his new post, Swerdlow, who has been with CB since 1990, reports to Brett White, chairman...

September 12, 2000 NEW YORK – Bruce E. Mosler has been named to the newly created post of president of U.S. operations at Cushman & Wakefield Inc.In an expected move, Mosler, who held the post of executive vice...

September 12, 2000 Mount Airy firm to develop shopping mallThe Charlotte Observer, September 12CHARLOTTE, N.C. – Granite Development has purchased 55 acres at N.C. 16 and Mount Holly-Huntersville Road in northwest Mecklenburg. The company plans to develop Callabridge...

September 12, 2000 Allied Capital Corp. (ALLC) has filed to raise up to $310.5 million through the sale of a combination of common and preferred shares and debt.The Washington specialty finance company will use proceeds of any securities...

September 11, 2000 MIAMI – J.P. Morgan is providing El Mercado Associates with $9.2 million to refinance its 96,000-square-foot shopping center in Hialeah, Fla.Terranova Corp. originated the ten-year, fixed-rate loan. The El Mercado Shopping Center is located at...

September 11, 2000 Summit Properties is looking to quickly unload about $112 million in multifamily assets in order to fund its $262 million development pipeline, according to a report in today's Real Estate Investment & Finance.The Charlotte, N.C.,...

September 11, 2000 Name recognition sells Sarasota's Ritz hotel The Business Journal of Tampa Bay TAMPA BAY, Fla. – Core Development Inc.'s construction of a $100 million, 266-room Ritz-Carlton Hotel in downtown Sarasota is viewed as complementary to...

September 11, 2000 SEATTLE - Equity Office Properties Trust (NYSE:EOP) has paid WRC Trade Center LLC $38.7 million, or about $207/sf, for the World Trade Center East in Seattle.Equity will assume about $31.3 million in debt and will...

September 11, 2000 WASHINGTON – Zethus Inc., Goldman, Sachs & Co.'s yet-to-be launched transaction Web site, has appointed three new members to its senior management team.Daniel Dubrowski and David Montross join as senior vice presidents, and Gerhard Karba...

September 11, 2000 CHICAGO – Fitch has upgraded two classes of Kmart CMBS Financing Inc.'s 1997-1 and affirmed the other classes in the transaction.The rating agency lifted the deal's $53.7 million Class B to double-A-plus from double-A and...

September 11, 2000BALTIMORE – Prime Retail Inc.'s (NYSE:PRT) plans to close a first mortgage loan for its Prime Outlets of Puerto Rico project and a $90 million corporate mezzanine loan, both with Lehman Brothers, will not happen as...

September 11, 2000 CHICAGO – AMLI Residential (NYSE:AML) will develop and own the AMLI at Cambridge Square apartment complex in Overland Park, Kan., with joint venture partner Northwestern Mutual Life Insurance Co.The 408-unit apartment complex will sit on...

September 11, 2000 WEST CHESTER, Pa. – Alaska Permanent Fund Corp. has paid $20.3 million, or $101,250 per unit, for a 200-unit apartment complex in West Chester, Pa., a suburb of Philadelphia.The sale of Treetops at Chester Hollow...

September 11, 2000 WASHINGTON – CarrAmerica Realty Corp. (NYSE:CRE) has purchased the 10-acre Highland Campus Phase I office development site in Bothell.CarrAmerica has renamed the site Canyon Pointe. It is located in Canyon Park and will feature two...