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...

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 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...

September 6, 2000WEST CONSHOHOCKEN, Pa. – GATX Logistics Inc. has signed a long-term lease agreement, with Keystone Property Trust (Amex:KTR) for a distribution facility in Hamilton Township, NJ.GATX will occupy the building in January 2001. The company, which...

September 6, 2000 A Dutch purchasing company has agreed to buy the long-term lease rights to the Sherlock Holmes Hotel on Baker Street in London for about $14.5 million.Under terms of the 125-year deal, the Dutch firm, controlled...