July 13, 2000Mackenzie Patterson Inc., a California real estate investment manager, is taking aim at three small REITs whose stock prices plummeted after two executives were charged in a stock scam.The company, which is based in Moraga, Calif.,...

July 13, 2000 An alliance of three large real estate companies has invested a combined $30 million in SiteStuff , an online buying site for property owners and managers. The investment was made through Octane, which was formed...

July 13, 2000 DALLAS – Archon Financial, the conduit lending unit of Goldman Sachs & Co., is closing its New York and Atlanta offices and centralizing its operations in its Dallas headquarters and Los Angeles.The closures will result...

July 13, 2000 By Thomas J. Walsh, Commercial Real Estate Direct Senior WriterLehman Brothers and Warburg Dillon Reed are preparing another fixed-rate commercial mortgage-backed securities transaction, which is scheduled to come to market in early September. The deal...

July 13, 2000 (NewsTraders.com) -- A group including Farallon Capital Partners L.P. and Tinicum Partners L.P. filed with the SEC today to report holding a 17.2% investment stake in mortgage real estate investment trust Amresco Capital Trust (Nasdaq:AMCT).The...

July 12, 2000 LOS ANGELES – J. H. Snyder Co., a respected Los Angeles developer, has formed a venture with Lexington Commercial Holdings to develop $1 billion of Southern California real estate over the next four years.The venture...

Go To S&P's Presale Report.Go To Moody's Presale Report.GMAC Commercial Mortgage Securities Inc. Series 2000-FL1ClassAmount($mln)Sub. Level(%)RatingS&PRatingMoody'sAvgg.LifePriceTalk(BP)BnchMarkA266.127AAAAaa2.53+25 area1-mo. LiborB29.219AAAa23.96+40 area1-mo. LiborC2013.5AA23.96+80 area1-mo. LiborD208BBBBaa23.96+170 area1-mo. LiborE14.64BBB-Baa33.96+210 area1-mo. LiborF14.6N/ABBBa24.85+475 area1-mo. LiborX364.5NAAAAAaa----1-mo. Libor

July 12, 2000 PALO ALTO, Calif. – Pacific Property Co. has paid $8.9 million for Grand Lake Terrace, a 109-unit apartment complex in Oakland, Calif.Grand Lake Terrace is 98 percent leased with rents averaging $855/unit. Pacific Property, which...

July 12, 2000Group of investors sues Prison RealtyThe Tennessean, July 12 NASHVILLE, Tenn. – A group of investors led by The Blackstone Group has filed suit in New York against Prison Realty Trust, claiming breach of contract and...

July 12, 2000 LOS ANGELES – Barry J. McGowan, head of strategic development for Lend Lease Real Estate Investments Inc., has joined eProperty.com as head of its advisory board. The online real estate firm, which was formed by...

July 12, 2000 Teachers Insurance is considering offering for sale the $345 million mortgage on 900 N. Michigan Avenue, a large mixed-use property in Chicago.Teachers has hired Cushman Realty Corp. to analyze the mortgage and collateral property, according...

July 12, 2000 (NewsTraders.com) – BRE Properties Inc. (NYSE:BRE) is moving on up in the eyes of Merrill Lynch analyst Eric Hemel, who upgraded BRE to a "buy" for the long-term from "accumulate."The San Francisco-based REIT owns, develops,...

July 12, 2000 CHICAGO – Equity Office Properties Trust (NYSE:EOP) has purchased Two Lafayette Centre in Washington, D.C., for $29 million, or $222/sf.The 130,700-square-foot office building was purchased from an affiliate of The St. Paul Cos. The 10-story...

July 12, 2000 SAN FRANCISCO – BRE Properties Inc. (NYSE:BRE) is cashing out of a portfolio of apartment properties by selling a substantial stake in them to DRA Advisors Inc.BRE is effectively forming a venture that will own...

July 12, 2000 SAN FRANCISCO – BRE Properties Inc. (NYSE:BRE) has hired Edward F. Lange Jr. away from Ohio-based Health Care REIT Inc. (NYSE:HCN) to serve as the company's chief financial officer.Lange is filling the CFO position that...

July 11, 2000 Canon-Pan Am Investors, based in Nevada, has paid Farnsworth Investment Co. $24 million for three properties in Memphis, Tenn.Canon-Pan Am has secured a $17.9 million loan from Allstate Insurance Co. to finance the purchase of...

July 11, 2000 Weingarten Realty Investors (NYSE:WRI) has filed a prospectus with the SEC to raise $200 million of senior unsecured debt. Previously, Houston-based Weingarten formed a venture with Dana Commercial Credit Corp. (NYSE:DCC) to buy $200 million...

July 11, 2000 New owners to renovate Tampa's SouthTrust Plaza The Tampa Tribune, July 11 TAMPA, Fla. – An unidentified California-based pension fund last week bought the SouthTrust Plaza at 201 E. Kennedy Blvd. in downtown for an...

July 11, 2000 WASHINGTON – Carl Berquist has been named worldwide director of Arthur Andersen Real Estate and Hospitality Services Group.Berquist, a partner in the firm's Washington D.C. practice, replaces Gary Lenz, who has joined Peregrine Systems.

July 11, 2000 ROSELAND, N.J. – A joint venture involving Chelsea GCA Realty Inc. (NYSE:CCG) will open its first outlet center in Japan later this week. The property, Gotemba Premium Outlets contains 220,000 square feet that has been...

July 11, 2000 NEWTON, Mass. – Hospitality Properties Trust (NYSE:HPT) is transferring the lease of 24 of its hotels to Prime Hospitality Corp. (NYSE:PDQ) from ShoLodge Inc. (Nasdaq:LODG).All 24 hotels, now branded as Sumner Suites, will be rebranded...

July 11, 2000 LAS VEGAS – Senior Care Industries Inc. has signed a binding letter of intent to acquire a 15,000-acre site in Tennessee, where the company will develop an integrated age-restricted master planned community.In addition to the...

July 10, 2000 SAN FRANCISCO – LoopNet Inc. has named Warren Lyons president and chief operating officer, a newly created position.In his new post, Lyons, who formerly was chairman and president of AVCO Financial Services, will oversee all...

July 10, 2000 $125 million Miramar Center construction setSouth Florida Business Journal, July 10 MIRAMAR, Fla. – Jones Lange LaSalle plans to begin construction this summer on the Miramar Center, which could ultimately contain 1.3 million square feet...

July 10, 2000Roberts Realty Investors (AMEX:RPI) has finally completed the sale of an Atlanta-area apartment that it first brought to market last summer.The small REIT recovered $14.6 million for the Ivey Brook apartment complex in the Peachtree Corners...