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, 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 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 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 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 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...

September 11, 2000 ATLANTA – Gables Residential (NYSE:GBP) has purchased a 160-townhouse apartment community in Austin from Trammell Crow for $19 million.The units at Gables Barton Creek, formerly named the Reserve at Barton Creek, average close to 1,200...

September 11, 2000 TORONTO – TRC Capital Corp. has made an unsolicited bid to purchase up to 5 million shares of TrizecHahn Corp. (NYSE:TZH) for 22.65 Canada dollars per share (US$15.33/share).The offer is a discount to the REIT's...

September 11, 2000 HARRISBURG, Pa. – PNC Real Estate Finance has arranged $14.75 million in construction financing for Bent Creek L.P., an affiliate of the Triple Crown Corp.The financing will fund the 224 units that comprise the second...

September 11, 2000 NEW YORK – Standard & Poor's has raised its ranking on Midland Loan Services Inc. as a commercial loan master servicer to "strong" from "above average."The upgrade reflects Midland's track record in the master-servicing business...

September 11, 2000 FLORHAM PARK, N.J. – Kushner Cos. has acquired the WNY Group Inc., a privately held REIT based in Freehold, N.J., in a deal valued at about $280 million.As part of the transaction, the company acquired...

September 11, 2000 (NewsTraders.com) – Avatar Holdings (Nasdaq:AVTR) has acquired a 5.1 percent ownership stake in Del Webb Corp. (NYSE:WBB), a fellow real estate developer that Avatar believes is undervalued.Avatar, of Coral Gables, Fla., said in the filing...

September 11, 2000 CHICAGO – Jones Lang LaSalle Inc. (NYSE:JLL) has appointed its chief financial officer, William E. Sullivan, to head the company's e-business development. Sullivan, in his new role as CEO of global knowledge and e-business development,...

September 11, 2000 Donald Trump is reportedly looking to unload his interest in the Empire State Building, according to news reports. Trump is in talks to sell the stake in the landmark tower that he shares with the...

September 11, 2000 COLUMBUS – Polaris Mall LLC, a joint venture of Glimcher Realty Trust (NYSE:GRT), has purchased 146.3 acres of land in Columbus, Ohio, to develop an upscale fashion mall.The 1.4 million square foot Polaris Fashion Place,...