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...

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 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 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 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...