September 21, 2000Allied Capital Corp. (Nasdaq:ALLC) has filed to sell 4.5 million common shares to the public, which would allow it to raise about $81 million.In a prospectus filed with the SEC, Allied Capital, which happens to be...

September 21, 2000 NEW YORK – SL Green Realty Corp. (NYSE:SLG) has agreed to buy 1370 Broadway in Midtown Manhattan for $50.5 million, or nearly $200/sf.The 16-story building, which has 255,000 square feet, was purchased from a group...

September 21, 2000 SAN FRANCISCO – Workspeed Inc., a property management Web site, has been launched with the backing of 11 major real estate owners. The site promises to streamline building management services. Tenants at buildings that subscribe...

September 21, 2000MOUNTAIN VIEW, Calif. – An investment group led by Divco West Properties LLC has paid $72.7 million, or $227/sf, for eight buildings totaling 320,000 square feet at the Shoreline Business Park in Mountain View, Calif.The properties...

September 21, 2000 Developers begin construction of $144 Mln Westin hotelCharlotte Observer, September 21CHARLOTTE, N.C. – StarPort I LLC has begun construction on its 700-room Westin hotel at College and Stonewall streets, directly across the street from the...

September 21, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorThomas Safran & Associates has acquired a 200-unit, HUD-subsidized seniors apartment complex in Santa Ana, Calif., for $11.7 million, or $58,500/unit.The West Los Angeles-based multifamily specialist will...

September 21, 2000 SACRAMENTO, Calif. – The California Public Employees' Retirement System will invest $125 million into CIM California Urban Real Estate Fund LP, which is run by CIM Group LLC. The fund, which is aiming for returns...

September 21, 2000 Go to initial price guidance.LB-UBS Commercial Mortgage Trust 2000-C4ClassAmount($mln)Sub. Level(%)RatingS&PRatingMoody'sAvg.LifePriced(BP)BnchMarkA-117021AAAAaa5.87+301-mo. LiborA-2619.321AAAAaa9.45+401-mo. LiborB42.516.75AAAa29.7+551-mo. LiborC4012.75AA29.7+681-mo. LiborD12.511.5A-A39.7+781-mo. LiborE7.510.75BBB+Baa19.8+220Treas.F17.59BBBBaa29.8+230Treas.G12.57.75NRBaa39.8+260Treas.H22.55.5NRBa1------J12.54.25NRBa2------K7.53.5NRBa3------L7.52.75NRB1------M6.21.75NRB2------N51.25NRB3------P16.2NRNRNR------X*999.1--AAAAaa------* Notional amount, interest only.

September 21, 2000 SAN DIEGO – Burnham Pacific Properties Inc. (NYSE:BPP) has agreed to sell 19 properties to GMS Realty LLC for $305 million in cash. The properties, totaling 2.5 million square feet, are all grocery-anchored shopping centers...

September 21, 2000 Prudential Real Estate Investors has provided $100 million of equity financing, while Prudential Mortgage Capital provided $235 million of mortgage debt to Heritage Property Investment Trust for its purchase of Bradley Real Estate Inc.Prudential plans...

September 21, 2000 CARLSBAD, Calif. – ProLogis (NYSE:PLD) has invested $8 million in PhatPipe Inc., a broadband technology company, and will receive $8 million in PhatPipe preferred stock. Under the terms of the agreement, PhatPipe will work with...

September 20, 2000A joint venture between ING Realty Partners and Murray Hill Properties, called 485 Seventh Ave. LLP, has received $28 million of floating-rate financing for its building at West 36th Street in Manhattan. The interim loan was...

September 20, 2000It looks like Vornado Realty Trust could soon accelerate the construction of a proposed 1.3 million-square-foot office building at the site of the former Alexander's department store in Midtown Manhattan.Vornado, which is headed by Steven Roth,...

September 20, 2000Donaldson Lufkin & Jenrette and Prince Alwaleed bin Talal of Saudi Arabia have ponied up $300 million to invest in hotels.According to the Wall Street Journal, the fund will be seeded with some of DLJ's and...

September 20, 2000 SAN DIEGO – Pan Pacific Retail Properties Inc. (NYSE:PNP) has paid $18.3 million for Granary Square, a 137,000-square-foot shopping center in Valencia, Calif.The property is 87 percent leased and anchored by Ralph's Supermarket and Long's...

September 20, 2000 Suite hotel to be built in DavidsonCharlotte Observer, September 20CHARLOTTE, N.C. – The Unicorn Group plans to build a five-story, 82-suite hotel and conference center in Davidson Gateway, an 18-acre mixed-use development on Griffith Street...

September 20, 2000 Go To Story in the Commercial Real Estate Direct Archive.Table includes initial price guidance from September 18.FNMA 2000-M2ClassAmount($mln)Avg.LifePriceTalk(BP)Priced(BP)BenchmarkA325.7+7-10+85-yr. FNMA bonds(7%; July '05)B476.89.7+13 area+1410-yr. FNMA bonds(7.125%; June '10)X*2--NANA--* Interest only, notional amount.Underwriter: Donaldson, Lufkin & Jenrette

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 19, 2000 CHICAGO – LaSalle Investment Management has named Jack R. Chandler chief executive officer of its new Asian Pacific operation in Singapore.Chandler, previously managing director of acquisitions, is charged with attracting capital from investors interested in...

September 19, 2000 OAK BROOK, Ill. – Great Lakes REIT (NYSE:GL) has sold a 184,545-square-foot building in Denver for about $27 million.The sale of the building, at 183 Inverness, is expected to close in the fourth quarter.In addition,...

September 19, 2000 RICHMOND, Va. – Cornerstone Realty Income Trust (NYSE:TCR) has acquired the Prestwick Apartments at Glen Eagles in Winston-Salem, N.C., for $9.6 million from Meridia Winston Apartments LLC.The 144-unit apartment complex sits on about 18 acres...

September 19, 2000 Buckhead getting new Expo CenterAtlanta Journal-Constitution, September 19ATLANTA – Home Depot plans to open an Expo Design Center at the old Sam's Club site near the Lindbergh MARTA station next spring after it remodels the...