August 24, 2000 ATLANTA – A joint venture between MetroNexus and Core Location has acquired a former Sears distribution center from Space Center Atlanta Inc. for an undisclosed price.The center, at 1033 Jefferson St., will be converted into...

August 24, 2000 PARSIPPANY, N.J. – Public companies continued to increase their ownership of commercial real estate last year, but at a slower pace than before, according to Prudential Real Estate Investors.However, public company ownership of apartment complexes...

August 24, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $3.0 mln$3.0 mln $5.9 mln $5.7 mln FFO/shr (diluted) $0.26$0.26 $ -- $ -- Net Income (loss) $2.3 mln $1.2 mln $3.3 mln $2.2 mln Net/shr$0.21 $0.12 $0.30 $0.21 Revenue$7.9...

August 24, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $14.6 mln$15.3 mln $29.2 mln $31.2 mln FFO/shr (diluted) $0.71$0.70 $1.42 $1.42 Net Income (loss) $6.6 mln $(1.3) mln $9.9 mln $5.6 mln Net/shr$0.39 $(0.07) $0.57 $0.30 Revenue$55.2 mln$55.6 mln$110.1...

August 24, 2000 WINDSOR, Conn. – Maynard Ahner, director of information systems at BNY Asset Solutions, has joined the real estate unit of SS&C Technologies Inc. (Nasdaq:SSNC) as product marketing manager for the firm's LMS 2000 loan management...

August 24, 2000 MortgageRamp.com and PropertyFirst.com have struck a deal allowing PropertyFirst users to quickly line up financing."We're not simply linking our two Web sites or establishing a marketing alliance," said Michael Greco, chief executive of MortgageRamp.com. The...

August 23, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorA group led by Divco West Properties LLC has acquired another big business property in the scalding Silicon Valley marketplace: the 1 million-square-foot Shoreline Business Park in...

August 23, 2000 OAKLAND, Calif. – Summit Bank, a small community bank in Oakland, Calif., has hired George J. Guarini to head its newly formed real estate capital markets group. The unit is designed to allow Summit to...

August 23, 2000 NEW YORK – FleetBoston Financial's real estate finance group has provided $55 million of acquisition financing to Charles E. Smith Commercial Realty LP for its purchase of three office buildings in the Commerce Executive Park...

August 23, 2000 Go To S&P's Presale Report.Banc of America Large Loan Inc., 2000-WSF-1ClassAmount($mln)Sub. Level(%)RatingS&PAvg.LifePriceTalk(BP)BnchMarkA10035AA4.5+45 area1 mo. LiborB28.645A4.7+75 area1 mo. LiborC35.757.5BBB4.7+160 area1 mo. LiborD12.762BBB-4.7+195 area1 mo. Libor

August 23, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99Net Income $32.0 mln $23.8 mln $64.7 mln $40.9 mln Net/shr$0.25$0.26$0.51$0.48Revenue$72.4 mln $52.0 mln$143.8 mln $94.7 mln Shares Outstanding -- -- 127.5 mln 84.5 mln

August 23, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $19.9 mln$14.0 mln $37.9 mln $ -- FFO/shr (diluted) $0.20 $0.17 $0.39 $ -- Net Income (loss) $2.9 mln $1.1 mln $5.6 mln $ -- Net/shr$0.17 $0.13 $0.33 $ --...

August 23, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $26.2 mln$26.2 mln $54.2 mln $52.5 mln FFO/shr (diluted) $0.31$0.31 $0.64 $0.62 Net Income (loss) $0.6 $0.9 $(5.8) mln $3.2 mln Net/shr$0.01 $0.02 $(0.11) $0.06 Revenue$130.9 mln $127.7 mln $...

August 23, 2000 Condo planners ask city for landOrlando Sentinel, August 23SANFORD, Fla. – M&K Investments plans to propose a $22 million condo complex, which would include 178 units, to city leaders next week. The proposed condominium project...

August 23, 2000 Sonnenblick-Goldman Co. is expected to handle the sale or financing of $3 billion to $4 billion of real estate this year. A story published Aug. 18, "Executive Losses Result in Little Change at Sonnenblick-Goldman", understated...

August 23, 2000 ATLANTA – Thomas D. Bell, Jr., chairman and chief executive officer of Young & Rubicam Inc., has joined the Cousins Properties Inc. (NYSE:CUZ) board of directors.In addition to his experience with Young & Rubicam, Bell...

August 23, 2000 (NewsTraders.com) – Starwood Hotels & Resorts Worldwide (NYSE:HOT) has received regulatory clearance to move forward with its planned investment in Zoho Corp., the Federal Trade Commission said today. Starwood agreed on May 23 to invest...

August 23, 2000 GMAC Commercial Mortgage has provided $33.6 million in financing for the second phase of Fountain Park Apartments, which will contain 296 units. The floating-rate tax exempt bond financing amortizes over 30 years.In October 1999, GMAC...

August 23, 2000 Go To Price Talk Table.Banc of America Large Loan Inc., 2000-WSF-1ClassAmount($mln)Sub. Level(%)RatingS&PAvg.LifePriced(BP)BnchMarkA10035AA4.5+451 mo. LiborB28.645A4.7+751 mo. LiborC35.757.5BBB4.7+1651 mo. LiborD12.762BBB-4.7+1951 mo. Libor

August 23, 2000 Arden Realty Inc. (NYSE:ARI) has registered to sell up to 2.3 million shares.At a proposed maximum offering price of $25.62 per share, the registration represents a possible gain of up to $58.9 million, according to...

August 23, 2000 ATLANTA – Cousins Properties Inc. (NYSE: CUZ) has received board approval for a 3-for-2 stock split.The split will be in the form of 50 percent stock dividend that will be distributed on or about October...

August 22, 2000 Bentley Forbes Group LLC has paid $13 million, or about $140/sf, for a waterfront shopping center in Edgewater, N.J.The Los Angeles company leased the 92,750-square-foot property, Mitsuwa Plaza, under a 15-year triple-net bond lease to...

August 22, 2000 American Mortgage Acceptance Co. (AMEX:AMC) has provided $6 million of mezzanine financing for a 700-unit affordable housing complex in San Jose, Calif.The 24-month loan bears interest at 11 percent and is secured by the El...

August 22, 2000 CHICAGO – Equity Office Properties Trust (NYSE:EOP) has sold Agoura Hills Business Park in Agoura Hills, Calif., and Westlake Spectrum Center I and II in Westlake Village, Calif., for a total of $35.5 million.The properties...

August 22, 2000 (NewsTraders.com) – In a mounting legal battle, an investment group led by William Yung said today that a complaint filed by hotel operator Lodgian (NYSE:LOD) accusing the group of violating securities laws is "wholly without...