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 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 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...

September 18, 2000 LaSalle Investment Management Inc. has raised the final 300 million euros ($271 million) for its Euro5 Property Fund, which is targeting high-end offices in several European countries.The 850 million euro fund, which has already invested...

September 18, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorGE Capital Realty Group has purchased the 190,000-square-foot Warner Commerce Center office/flex campus in Woodland Hills, Calif., for $21 million, or about $110/sf.The eight-building complex on just...

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 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 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 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...