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,...

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 8, 2000The Crest 2000-1 CBO currently on the market will be "ramped," a Fitch analyst said Thursday, meaning all of the deal's assets will be purchased by its closing, scheduled for later in the month, and before...

September 8, 2000 NEW YORK – Standard & Poor's has revised its outlook on Spieker Properties Inc. (NYSE: SPK) to 'positive' from 'stable' and affirmed the office/industrial REIT's triple-B corporate credit rating.Menlo Park, Calif.-based Spieker is an umbrella...

September 8, 2000 ATLANTA – Gables Residential (NYSE:GBP) has sold the second and third phases of its Sugarloaf residential development in Atlanta for $13.7 million.As part of the sale, Gables will develop some 200 apartment units on the...

September 8, 2000 CHICAGO – Fitch has downgraded one class of American Southwest Financial Securities Corp.'s 1993-2 and affirmed all the other classes that it rates in the transaction.The deal's $6.4 million Class B-3 has been lowered to...

September 8, 2000 ALEXANDRIA, Va. – Bryce Blair, chief operating officer of AvalonBay Communities Inc. (NYSE:AVB), has taken on the additional title of president of the REIT.Blair replaces Dick Michaux as president. Michaux will remain chairman and chief...

September 8, 2000 Grubb & Ellis picked to sell $225 million apartment portfolio Atlanta Journal-Constitution, September 8ATLANTA – Goldman Sachs plans to sell a $225 million apartment complex package, and has hired Grubb & Ellis to market the...

September 8, 2000 (NewsTraders.com) – An investment group led by William Yung continued its legal struggle with Lodgian (NYSE:LOD), revealing in a filing today that it has filed to dismiss a suit brought by the Atlanta-based hotel operator...

September 8, 2000 BANGKOK (AFP) - International rating agency Fitch IBCA will begin operating in Thailand, the company said Friday."The agency is expected to enter into and operate through a joint venture to be formed with five well-respected...

September 8, 2000 SEOUL (Asia Pulse/Yonhap) - The Carlyle-J.P. Morgan U.S. consortium is set to emerge as the largest shareholder of KorAm Bank.The Financial Supervisory Commission approved Friday the U.S. consortium buying the bank's deposit receipts, amounting to...

September 8, 2000 Go To S&P's Presale Report.Banc of America Commercial Mortgage Inc. Series 2000-1ClassAmount($mln)Sub. Level(%)RatingMoody'sRatingS&PAvg.LifeSpread(BP)BnchMarkA-1A153.226.25AaaAAA5.5+28 area1-mo. LiborA-2A29926.25AaaAAA8.7+39 area1-mo. LiborA-1B55.626.25AaaAAA2+32-351-mo. LiborA-2B38.426.25AaaAAA5.5+50-531-mo. LiborA-3B2026.25AaaAAA7.6+58-611-mo. LiborB4121Aa2AA9.05+53 area1-mo. LiborC35.116.5A2A9.07+66 area1-mo. LiborD11.715A3A-9.13+76 area1-mo. LiborE27.311.5Baa2BBBNA+240 areaTreas.F11.710Baa3BBB-NA+265 areaTreas.X*771.2NAAaaAAA--+400 areaTreas.* Interest only, notional amount.

September 8, 2000 (NewsTraders.com) – BRT Realty Trust (NYSE:BRT), still hoping to increase its ownership position in Entertainment Properties Trust (NYSE:EPR), said today that it has yet to receive a response to its May 31 letter, in which...

September 8, 2000 (NewsTraders.com) - Heller Financial (NYSE: HF) makes "an interesting takeover candidate," according to PaineWebber analyst Alison Williams, who reiterated her "buy" rating on the stock today.Williams, who lifted her price target on shares of Heller...

September 8, 2000 GLENDALE, Calif. – Pinnacle Entertainment Inc. (NYSE:PNK) has sold about 42 acres of land to Home Depot Inc. for $24.2 million in cash as part of its strategy to liquidate its excess and unused property.The...

September 8, 2000 Alexandria Real Estate Equities Inc. (NYSE:ARE) has purchased two office properties in California and Massachusetts in two transactions for a total cost of $29 million.The transactions, made last month, were announced in a Form 8-K...