September 11, 2000 TORONTO – TRC Capital Corp. has made an unsolicited bid to purchase up to 5 million shares of TrizecHahn Corp. (NYSE:TZH) for 22.65 Canada dollars per share (US$15.33/share).The offer is a discount to the REIT's...

September 11, 2000 FLORHAM PARK, N.J. – Kushner Cos. has acquired the WNY Group Inc., a privately held REIT based in Freehold, N.J., in a deal valued at about $280 million.As part of the transaction, the company acquired...

September 11, 2000 NEW YORK – Standard & Poor's has raised its ranking on Midland Loan Services Inc. as a commercial loan master servicer to "strong" from "above average."The upgrade reflects Midland's track record in the master-servicing business...

September 11, 2000 CHICAGO – Jones Lang LaSalle Inc. (NYSE:JLL) has appointed its chief financial officer, William E. Sullivan, to head the company's e-business development. Sullivan, in his new role as CEO of global knowledge and e-business development,...

September 11, 2000 (NewsTraders.com) – Avatar Holdings (Nasdaq:AVTR) has acquired a 5.1 percent ownership stake in Del Webb Corp. (NYSE:WBB), a fellow real estate developer that Avatar believes is undervalued.Avatar, of Coral Gables, Fla., said in the filing...

September 11, 2000 COLUMBUS – Polaris Mall LLC, a joint venture of Glimcher Realty Trust (NYSE:GRT), has purchased 146.3 acres of land in Columbus, Ohio, to develop an upscale fashion mall.The 1.4 million square foot Polaris Fashion Place,...

September 11, 2000 Donald Trump is reportedly looking to unload his interest in the Empire State Building, according to news reports. Trump is in talks to sell the stake in the landmark tower that he shares with the...

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 8, 2000The Crest 2000-1 CBO currently on the market will be "ramped," a Fitch analyst said Thursday, meaning all of the deal's assets will be purchased by its closing, scheduled for later in the month, and before...

September 8, 2000 NEW YORK – Standard & Poor's has revised its outlook on Spieker Properties Inc. (NYSE: SPK) to 'positive' from 'stable' and affirmed the office/industrial REIT's triple-B corporate credit rating.Menlo Park, Calif.-based Spieker is an umbrella...

September 8, 2000 ATLANTA – Gables Residential (NYSE:GBP) has sold the second and third phases of its Sugarloaf residential development in Atlanta for $13.7 million.As part of the sale, Gables will develop some 200 apartment units on the...

September 8, 2000 CHICAGO – Fitch has downgraded one class of American Southwest Financial Securities Corp.'s 1993-2 and affirmed all the other classes that it rates in the transaction.The deal's $6.4 million Class B-3 has been lowered to...

September 8, 2000 ALEXANDRIA, Va. – Bryce Blair, chief operating officer of AvalonBay Communities Inc. (NYSE:AVB), has taken on the additional title of president of the REIT.Blair replaces Dick Michaux as president. Michaux will remain chairman and chief...

September 8, 2000 Grubb & Ellis picked to sell $225 million apartment portfolio Atlanta Journal-Constitution, September 8ATLANTA – Goldman Sachs plans to sell a $225 million apartment complex package, and has hired Grubb & Ellis to market the...

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 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...