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...

September 7, 2000TORONTO – The Gazit Group has agreed to sell 2.5 million shares of Centrefund Realty Corp. (TSE:CFO.TO) to an Israeli publicly traded real estate investment company for 13.25 Canada dollars/share (US$8.93/share), in a deal that would...

September 7, 2000 A joint venture led by Lexington Corporate Properties Trust (NYSE: LXP) has acquired a single-tenant office building in Irving, Texas, for $41.9 million, or about $169/sf.The REIT and an institutional investor that the REIT didn't...

September 7, 2000 HOUSTON – United Investors Realty Trust (Nasdaq:UIRT) will sell its University Park Shopping Center in College Station in exchange for 337,400 of its shares, as well as 43,555 convertible securities, held by the Gidel Group."As...

September 6, 2000NEW YORK – Fortress Brookdale Acquisition LLC is extending its tender offer to purchase shares of Brookdale Living Communities until 5 p.m. today to permit the filing of additional information regarding affiliates of Fortress, which could...

September 6, 2000 O&Y plans $90 Mln office project Ottawa Citizen, September 6OTTAWA – O&Y Properties Corp. has received planning approval for a 90 million Canada dollars (US$61 million), two-tower office project that would add a combined 500,000...

September 6, 2000 JACKSONVILLE, Fla. – Regency Centers L.P., an affiliate of Regency Realty (NYSE: REG), has completed the sale of $150 million of 10-year senior unsecured notes. The 8.45 percent notes are due Sept. 1, 2010, and...

September 6, 2000 Go To Fitch's Presale Report.Go To S&P's Presale Report.COMM 2000-C1ClassAmount($mln)Sub. Level(%)RatingFitchRatingS&PAvg.LifeSpread(BP)BnchMarkA-1148.523AAAAAA5.6+29-301-mo. LiborA-2542.923AAAAAA9.1+39 area1-mo. LiborB38.218.75AAAA9.7+54 area1-mo. LiborC39.314.375AA9.7+68 area1-mo. LiborD13.512.875A-A-9.7+78 area1-mo. LiborE25.810BBBBBB9.7+245 areaTreas.F*11.28.75BBB-NR9.7+270 areaTreas.X**897.9--AAAAAA----Treas.* Privately placed.** Notional amount, interest only.

September 6, 2000 NEW YORK – Time Inc. has extended its lease agreement for about 10 years on two Tampa, Fla., properties owned by Lexington Corporate Properties Trust (NYSE:LXP).The properties include a 229,605-square-foot industrial facility and a 132,981-sf...

September 6, 2000 W.P. Carey Group has closed on its purchase of a $21.6 million build-to-suit office and manufacturing facility that M. A. Mortenson Co. is constructing in Rochester, Minn.W.P. Carey Group closed on the site on behalf...

September 6, 2000 PORTLAND, Ore. – Assisted Living Concepts Inc. (AMEX: ALF) must pay $10 million toward the $30 million settlement of the securities class action lawsuit filed against it after it was forced to suspend trading for...

September 6, 2000 (NewsTraders.com) – Orient-Express Hotels (NYSE:OEH) passed its initial review from Merrill Lynch this morning, gaining a "buy" rating for both the intermediate and long-terms.Analyst David Anders set a price target of $32 for Orient-Express stock,...

September 6, 2000 PRINCETON, N.J. – Swig Burris Equities LLC has received a $64 million construction loan from Summit Bank, a subsidiary of Summit Bancorp (NYSE:SUB), for a complete building renovation of 48 Wall St. in New York...

September 6, 2000 DALLAS – The Meditrust Companies (NYSE: MT) has completed $959 million of transactions through its Five Point Plans of reorganization, announced in January.Most recently, the company generated $500 million with the repayment of mortgages related...

September 6, 2000 SAN DIEGO – The board of directors of Burnham Pacific Properties Inc. (NYSE: BPP) has approved plans for liquidation and dissolution. The company has also signed an agreement for the sale of 15 properties to...

September 6, 2000 NEWPORT BEACH, Calif. – Health Care Property Investors Inc. (NYSE: HCP), an equity health care REIT, has completed a secured debt transaction of $83 million on a portfolio of 12 medical office buildings and physician...

September 6, 2000 Mission Orchard Statutory Trust has acquired Pacific Gateway Properties Inc. (AMEX:PGP) for an initial price of $12.60 a shareUnder the terms of the agreement, which was drawn up in June, another potential cash payment may...

September 6, 2000 LAFAYETTE, Calif. – Bedford Property Investors Inc. (NYSE:BED) has sold the four-story Kenyon Center office building, in Bellevue, Wash., to an undisclosed buyer for $20.5 million, or $228/sf.The sale of the 89,899-square-foot, structure resulted in...

September 6, 2000PLYMOUTH MEETING, Pa. – Oskar Huber Inc. has signed a 10-year, 51,000-square-foot lease with Kramont Realty Trust (NYSE: KRT) at the Valley Fair Shopping Center, in Devon, Pa.The home furnishing company's lease is valued at about...