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 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 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 5, 2000 Alan Lefkowitz has joined Kushner Cos. of Florham Park, N.J., as chief financial officer.Most recently, Lefkowitz was with Credit Suisse First Boston where he was helping the firm dispose of assets that were accumulated by...

September 5, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorMelvin Mark Properties, one of Oregon's top commercial real estate development and service firms, has renewed and expanded two major leases totaling 115,000 square feet at 111...

September 5, 2000 Washington REIT (NYSE:WRE) has filed to sell up to $125 million of medium-term notes through an underwriting syndicate led by Merrill Lynch. According to a prospectus filed with the SEC, other members of the underwriting...

September 5, 2000ATLANTA – Windsor Realty Fund I LP has completed the sale of Windsor at River Heights apartment complex in Atlanta to Group One Investments for $53.7 million, or $85,000/unit.The sale is part of an effort by...

September 5, 2000 NEW YORK – CDC Mortgage Capital has hired four professionals, further bolstering its commercial mortgage origination and securitization unit.The firm, a unit of Caisse des D?p?ts et Consignations, has hired David Walker, who will once...

September 5, 2000 Eichler Fayne & Associates has provided $9.5 million of Fannie Mae financing for Hunters West Apartments, a 426-unit apartment complex in Westland, Mich., a suburb of Detroit.The financing carries a fixed rate of 7.85 percent...

September 5, 2000 MEMPHIS, Tenn. – Mid-America Apartment Communities Inc. (NYSE:MAA) has again fixed the rate on some of its floating-rate debt.Mid-America swapped $25 million of its Fannie Mae floating rate debt that is currently priced at 67...

September 5, 2000 SAN DIEGO – Burnham Pacific Properties Inc. (NYSE:BPP) will eliminate 46 positions by closing its Portland, Ore., Seattle and Sacramento, Calif., offices and substantially reducing the size of its San Francisco and San Diego offices...

September 5, 2000 DALLAS – Prentiss Properties Trust (NYSE:PP) has paid $63.3 million for the Lake Merritt Tower office building and an adjoining development site in Oakland, Calif.The properties were purchased from a fund managed by CB Richard...

September 5, 2000 NEW YORK – Cushman & Wakefield Inc. has acquired Japan Property Advisors K.K. of Tokyo, giving it an entr?e into the Japanese real estate brokerage market.Japan Property specializes in helping multinationals buy, sell, lease and...

September 5, 2000 US Airways seeks to sublease space in Winston The Business Journal of the Greater Triad Area, September 5 WINSTON-SALEM, N.C. – US Airways is seeking to sub-lease its space in two office buildings, which totals...

September 1, 2000 East Cobb complex sold for $53.7 million Atlanta Journal-Constitution, September 1ATLANTA – An affiliate of Chicago-based Group One Investments has acquired the Windsor at River Heights apartments in east Cobb County for $53.7 million. The...

September 1, 2000 SANTA CLARA, Calif. – The Simon Property Group has been awarded $26.2 million in damages from a jury, which ruled that mySimon inc. infringed on the company's trademark. The jury's verdict, which was rendered in...

September 1, 2000 Commercial Real Estate Direct Staff ReportThe Port Authority of New York and New Jersey last night received as many as six proposals from firms interested in taking over management of the massive World Trade Center...

September 1, 2000 As expected, shareholders of Bradley Real Estate Inc. (NYSE:BTR) have approved the REIT's merger with Heritage Property Investment Trust.Under the $1.2 billion deal , Heritage will pay $22/share for each of Bradley's 21.1 million shares...

September 1, 2000 CB Richard Ellis has formed a strategic alliance with an Internet and data services provider to deliver Internet services to tenants in more than 2,000 commercial office buildings that the real estate firm manages nationwide.The...

September 1, 2000 TORONTO – H&R Real Estate Investment Trust (TSE:HR_u.YO) has completed the purchase of Royop Properties Corp. (TSE:RYP.TO).Under terms of the deal, which valued Royop's common shares at 39.8 million Canada dollars (US$27 million), each Royop...