August 10, 2000 Hotel project aims to bring Ritzy luxury to TorontoThe Toronto Star, August 10 TORONTO – Bowmore Group of Cos. has proposed plans for a $200 million Ritz-Carlton at the southeast corner of Bay and Adelaide...

August 10, 2000 The first China International Real Estate Expo will be held Nov. 16 to 19 in Beijing's China International Exhibition Center in an effort to coordinate investment projects, the Xinhua news agency has reported. The Expo...

August 10, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorThe Austin, Texas, affiliate of the CRESA (Corporate Real Estate Service Advisors) Alliance tenant representation network has formally merged its operations into CRESA Partners LLC. The Austin...

August 10, 2000 DALLAS – Allied Riser Communications Corp. (Nasdaq:ARCC) has signed an agreement with private investment firm BGK Properties that could give Allied access to more than 3,000 new businesses occupying 15 million square feet of commercial...

August 10, 2000 NEW YORK – Fitch on Thursday upgraded the $7.8 million Class E in Morgan Stanley Capital Inc.'s Series 1996-MBL1 to triple-A from triple-B-plus.In addition, the rating agency also upgraded the $3.3 million Class F to...

August 10, 2000 NEW YORK – Fitch has withdrawn its ratings on Resolution Trust Corp.'s 1991-M6 because the notes have been paid in full.

August 10, 2000 Real estate investment banker and CB Richard Ellis affiliate L.J. Melody has acquired the Memphis-based mortgage banking firm of Fogelman Beaty, which has now assumed the Melody name.It is the sixth firm since 1998 that...

August 10, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $15.2 mln$13.1 mln $29.6 mln $25.6 mln FFO/shr (diluted) $0.70 $0.62$1.37 $1.22 Extra Gain (Loss) $(2.5) mln $(1.3) mln $(3.4) mln $(4.6) mln Net Income $10.4 mln $8.1 mln $18.5...

August 10, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99Net Income (loss) $2.8 mln $3.0 mln $(1.5) mln $(2.1) mln Net/shr (diluted)$0.11 $0.13 $(0.09) $(0.10) Revenue$244.9 mln $156.5 mln $419.2 mln $270.8 mln Shares Outstanding22.6 mln 23.2 mln21.0 mln 21.6...

August 10, 2000 Home Properties (NYSE:HME) has acquired a 150-unit apartment complex in Fairfax, Va., for $13 million in cash, or about $86,700 per unit.The company anticipates that the purchase of the East Meadow Apartments will yield a...

August 9, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $140.4 mln$134.4 mln $273.0 mln $259.6 mln FFO/shr (diluted) $0.75 $0.71 $1.45 $1.38 Net Income $41.0 mln $38.5 mln $69.3 mln $73.4 mln Net/shr$0.24 $0.22 $0.40 $0.43 Revenue$487.7 mln $454.0...

August 9, 2000 Lucent Technologies has handed Cushman & Wakefield Inc. the keys to its growing European operations, giving Cushman responsibility for Lucent's United Kingdom and The Netherlands portfolios.Cushman will provide Lucent with facility management, accounting and project...

August 9, 2000 SCOTTSDALE, Ariz. – Franchise Finance Corp. of America (NYSE:FFA) has provided more than $135 in financing to U.S. Realty Advisors for 65 restaurants sold and leased back by Cracker Barrel Old Country Store Inc., a...

August 9, 2000 NEW YORK – Aegis Realty Inc. (NYSE:AER) has appointed Michael I. Wirth to the position of chief financial officer. Wirth is replacing Alan P. Hirmes, the current interim CFO who replaced the former CFO, John...

August 9, 2000 LOS ANGELES - OnSite Access Inc. has been contracted to install high-bandwidth networks in 31 office buildings along Wilshire Boulevard in downtown Los Angeles.Wilshire Boulevard stretches from Santa Monica to the heart of Los Angeles...

August 9, 2000 GMAC Commercial Mortgage, Series 2000-C2ClassAmount($mln)Sub. Level(%)RatingS&PRatingFitchAvg.LifePriced(BP)BnchMarkA-1123.821.25AAAAAA5+301-mo. LiborA-2485.521.25AAAAAA10+391-mo. LiborB30.9517.25AAAA10+166.43Treas.C2813.6AA10+181.43Treas.D10.612.25A-A-10+191.43Treas.E19.39.75BBBBBB10+240Treas.F9.7 8.5BBB-BBB-10N/ATreas.X*773.8--AAAAAA--N/A --* Interest only, notional amount.

August 9, 2000 (NewsTraders.com) – A shareholder group of Hanover Capital Mortgage Holdings (AMEX:HCM) said Wednesday morning in a regulatory filing that it has decided to "now seek to acquire control" of the New York-based REIT.The group, which...

August 9, 2000(NewsTraders.com) – Focusing on general weakness in the retail industry, A.G. Edwards & Sons analyst Ann Melnick downgraded CBL & Associates Properties (NYSE: CBL) and three other mall-based REITs on Wednesday.CBL & Associates witnessed its rating...

August 9, 2000Go To Fitch Presale Report.Go To Moody's Presale Report.Salomon Brothers Mortgage Securities VII, Inc., Series 2000-C2ClassAmount($mln)Sub. Level(%)RatingFitchRatingMoody'sAvg.LifePriceTalk(BP)BnchMarkA-1115.923.5AAAAaa5+30 area1-mo. LiborA-2485.523.5AAAAaa10+39 area1-mo. LiborB33.419.25AAAaa210+54 area1-mo. LiborC33.415AA210+67 area1-mo. LiborD7.914A-A310+77 area1-mo. LiborE11.812.5BBB+Baa110+225-230Treas.F13.810.75BBBBaa210+235-240Treas.G9.89.5BBB-Baa310N/ATreas.X*786.1--AAAAaa--N/A --* Interest only, notional amount.

August 9, 2000 Go To S&P Presale Report.Go To Fitch Presale Report.1301 Avenue of the Americas TrustClassAmount($mln)RatingS&PRatingFitchAvg.LifePriceTalk(BP)BnchMarkA-135AAAAAA3.5+23 area1-mo. LiborA-2185AAAAAA4.9+32 area1-mo. LiborB50AAAA4.9+45 area1-mo. LiborC55AA4.9+55 area1-mo. LiborD34.6A-A-4.9+65 area1-mo. LiborE50.4NRBBBN/AN/A--F30NRBBB-N/AN/A--X*440AAAAAA------* Notional amount, interest only.

August 9, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $11.9 mln$9.5 mln $23.4 mln $18.8 mln FFO/shr (diluted) $0.63 $0.57 $1.24 $1.12 Net Income $4.5 mln $4.7 mln $9.0 mln $10.0 mln Net/shr (diluted)$0.29 $0.29 $0.57 $0.61 Revenue$23.6 mln...

August 9, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $9.1 mln$6.8 mln $16.7 mln $13.9 mln FFO/shr (diluted) $0.26 $0.19 $0.47 $0.38 Net Income $3.0 mln $1.3 mln $4.9 mln $2.1 mln Net/shr$0.12 $0.05 $0.19 $0.08 Revenue$25.0 mln $21.9...

August 9, 2000 A Michigan-based discount card and stationery chain is preparing to auction the leaseholds on its 38 retail sites and corporate headquarters facility in a bankruptcy liquidation to be held later this month.The Half Off Card...

August 9, 2000 SINGAPORE – Hotel Plaza Ltd. is looking to diversify its portfolio by selling its New Park Centra Hotel Singapore, a 531-unit hotel near the city-state's central business district.Hotel Plaza Ltd., which owns about 15 hotels...

August 9, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $62.7 mln$61.3 mln $124.2 mln $122.0 mln FFO/shr (diluted) $0.92 $0.87 $1.80 $1.73 Net Income $3.7 mln $27.4 mln $36.8 mln $54.3 mln Net/shr$0.08 $0.46 $0.63 $0.90 Revenue$145.1 mln $147.8...