July 7, 2000 Liberty International, a U.K. property company, won some time in its effort to thwart a hostile offer from British Land.According to a report in Business Day, a South African financial publication, shareholders of Standard Bank...

July 7, 2000 CHICAGO – AMLI Residential (NYSE:AML) has formed a joint venture with Prudential Real Estate Investors for AMLI at Peachtree City in Fayette County, Ga.AMLI will receive $23 million for phase I of the 528-unit complex,...

July 7, 2000 Moody's has placed the senior unsecured and preferred stock ratings of First Union Real Estate Investments' (NYSE:FUR) under review for a possible downgrade.Moody's has a B2 rating on First Union's senior unsecured debt and a...

July 7, 2000 NEW YORK – An affiliate of Paine Webber Real Estate Securities has committed to provide $31 million of mezzanine financing to Radiant Partners for its purchase of a portfolio of real estate from First Union...

July 7, 2000 Highwoods sells sites at Grassmere Business ParkThe Tennessean, July 7NASHVILLE, Tenn. – Raleigh, N.C.-based Highwoods Properties has sold the Grassmere Business Park to Baltimore-based Lord Baltimore Properties for more than $27 million. The park includes...

July 7, 2000 (NewsTraders.com) – HRPT Properties (NYSE:HRP) was cut to "hold" from "buy" today in coverage by First Union Securities analyst Stephen Swett, who said that a cash crunch at the REIT led him to make the...

July 7, 2000 Escrow Bank USA, a unit established by GMAC Commercial Mortgage to establish and hold escrow accounts for commercial loan servicers, has named Richard L. Mason as vice president and business development officer.Mason was formerly with...

July 6, 2000 ARLINGTON, Va. – Charles E. Smith Residential Realty Inc. (NYSE:SRW) has acquired Reston Landing, a newly built 400-unit apartment complex in Reston, Va.The property was purchased for $44 million and funded via a tax-free exchange...

July 6, 2000 NEW YORK – The Metropolitan Transit Authority has put its headquarters office space in Midtown Manhattan up for sale. The agency, which will eventually relocate its headquarters to Two Broadway in downtown Manhattan, could raise...

July 6, 2000American Center buildings on the blockThe Tennessean, July 6NASHVILLE, Tenn. – One and Two American Centers, office buildings along Nashville's West End Avenue, are on the market. The sale price was not disclosed, but according to...

July 6, 2000 ROCHESTER, N.Y. – Home Properties (NYSE:HME) has paid $20.6 million, or $40,900/unit, for Elmwood Terrace, a 504-unit apartment complex in Frederick, Md.Home funded the purchase by assuming $4.7 million of debt, paying $4 million in...

July 6, 2000ROCKVILLE, Md. – Federal Realty Investment Trust (NYSE:FRT) has sold for $48.6 million, the Peninsula Shopping Center in Palos Verdes, Calif., to Principal Life Insurance Co.The sale will provide Federal Realty a gain of $3.7 million.Peninsula,...

July 6, 2000 Associated PressNASHVILLE, Tenn. – Doctor R. Crants has resigned as board member and vice chairman of Prison Realty Trust Inc. (NYSE:PZN), severing his ties to a company he co-founded and built into the world's largest...

July 6, 2000 BETHESDA, Md. – CoStar Group (Nasdaq:CSGP) has launched CoStar Exchange, where investors can buy and sell commercial real estate.CoStar Exchange lists information for more than 44,000 commercial properties for sale throughout the United States. Each...

July 6, 2000 Morgan Stanley Dean Witter and Deutsche Bank are in talks to provide $3.8 billion of debt financing to British Land Co. for its proposed bid to buy Liberty International PLC. According to reports in The...

July 5, 2000 BINGHAM FARMS, Mich. – Malan Realty Investors Inc. (NYSE:MAL) expects its second quarter and yearend net income and funds from operations will be negatively impacted as a result of expenses incurred during its proxy battle...

July 5, 2000 ANN ARBOR, Mich. – Omega Healthcare Investors Inc. (NYSE:OHI) is being sued for breach of contract and anticipatory breach of contract by one of its clients.Bryan Gordon of Incline Village, Nev., and Ronald Dickerman of...

July 5, 2000 LOS ANGELES – David Murdock, chairman of Castle & Cooke Inc., could again be the lone bidder for the development company.An unidentified real estate group that had conducted an extensive review of Castle & Cooke...

July 5, 2000 DALLAS – Archon Financial has provided a $19 million acquisition loan to Simmons-Vedder & Co., a Texas investor, for its purchase of One Shoreline Plaza in Corpus Christi, Texas.The 10-year loan carries a fixed rate...

July 5, 2000 Equity Office Properties Trust (NYSE:EOP) has sold an office building in Pleasanton, Calif., for about $17.5 million.Central Building LLC paid about $201/sf for Park Plaza, an 87,040-square-foot building.Park Plaza is one of six assets that...

July 5, 2000 (NewsTraders.com) – Community Health Systems (NYSE: CYH) moved onto Chase H&Q's brokerage scene, as analyst Lori Price served up a "strong buy" rating and a 12- to 18-month price goal of $24 for the hospital...

July 5, 2000 Associated PressDENVER – Commercial and industrial real estate sales in the Denver metro area are on a pace to hit $850 million to $950 million this year, well below last year's $2.2 billion, according to...

July 5, 2000 CHICAGO – Jones Lang LaSalle Inc. (NYSE:JLL) plans to launch an offering of 165 million euro ($157 million) in senior notes due 2007 to foreign investors. The company is making the offering Jones Lang LaSalle...

July 5, 2000 NEW YORK – Fitch has downgraded the $9.9-million class J of Mortgage Capital Funding Inc.'s multifamily/commercial series 1997-MC1 to triple-C from single-B-minus. Fitch affirmed the following tranches of the deal: the $71.6-million class A-1, the...

July 5, 2000Marriott International Inc. (NYSE:MAR) has agreed to lease a 263,000-square-foot office building that Fremont Properties Inc. is developing in Gaithersburg, Md.Terms of the lease, which runs through 2019, were not disclosed. Fremont, a San Francisco developer,...