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 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 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...

September 6, 2000 Prison Realty Trust (NYSE:PZN) has filed a Form 424B3 prospectus with the SEC addressing the shareholders of Corrections Corp. of America in connection with their consideration of a merger.The filing is a supplement to CCA's...

September 6, 2000 Weston's demands thwart Codina-Cleveland Clinic deal Daily Business Review, September 6WESTON, Fla. – Codina Group of Coral Gables offer to buy 60 acres of vacant land from the Cleveland Clinic for $17 million has been...

September 6, 2000 HOUSTON – The Board of Trust Managers of Weingarten Realty Investors (NYSE: WRI) has promoted Andrew "Drew" M. Alexander to the position of chief executive officer, effective Jan. 1, 2001. In addition to serving as...

September 6, 2000 MENLO PARK, Calif. – Spieker Properties Inc. (NYSE: SPK) has begun construction on The Towers at Shores Center, a two building, 340,000-square-foot office development located in Redwood Shores on the San Francisco Peninsula. The development,...

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...