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 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...

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 7, 2000 WASHINGTON – An affiliate of CarrAmerica Realty Corp. (NYSE: CRE) will build Janus Capital Corp.'s 35-acre, 800,000-sf operations facility at the former Lowry Air Force Base in Denver, Colo.The facility will be part of a...

September 7, 2000 BOSTON – The real estate industry can improve portfolio management by conducting transactions over the Internet, but it also face challenges to traditional roles, cautions Arthur Andersen in a report.The study – "eReal Estate Companies:...

September 7, 2000 Northside mall work to start Oct. 1Florida Times-Union, September 7JACKSONVILLE, Fla. – The Oliver Group plans to begin construction on Oct. 1 on the proposed Main Street Florida Mall. The mall, which is to be...

September 7, 2000 The Peterson Cos. of Washington is offering for sale a piece of a 1.3 million-square-foot portfolio of office and retail properties in Northern Virginia.According to the The Washington Post, the firm is looking to sell...

September 7, 2000 NEW YORK – Fitch has revised its rating outlook for Meditrust Corp. (NYSE: MT) to stable from negative, following the company's additional asset sales and corresponding reduction in bank debt. Meditrust's $1.1 billion senior notes...

September 7, 2000 CHICAGO – Prime Group Realty Trust (NYSE:PGE) has hired Prudential Securities, Lehman Brothers and Merrill Lynch as financial advisers to help it evaluate strategic alternatives, including a merger.The REIT last month said that it had...

September 7, 2000 Fitch has upgraded two classes of Mortgage Capital Funding Inc.'s 1994-MC1.The $11.9 million Class B-1 has been raised to triple-A from double-A, and the $10.3 million Class B-2 is now rated double-B-plus from double-B.Fitch does...

September 7, 2000 ALBUERQUE, N.M. – Albuquerque Suite Hospitality LLC has acquired the 122-unit Albuquerque Best Western Airport Inn on behalf of InnSuites Hospitality Trust's (Amex:IHT) operating partnership affiliate.The purchase of the hotel is the first in the...

September 7, 2000LOS ANGELES – Castle & Cooke Inc. shareholders yesterday approved David H. Murdock's offer to acquire the real estate development company through his Flexi-Van Leasing Inc. for $19.25 per share in cash, effectively completing the merger.At...