July 14, 2000 AMB Property Corp. has decided to cancel a registration for the proposed sale of up to $86.3 million of preferred stock.In a Request for Withdrawal filed today with the SEC, the REIT said it is...

July 14, 2000 CLEVELAND – Developers Diversified Realty (NYSE:DDR) has acquired the remaining interest in a portfolio of shopping centers that it has owned since July 1998.The Cleveland REIT two years ago bought nine shopping centers, nine development...

July 14, 2000 Alexandria Real Estate Equities Inc. (NYSE:ARE) recently paid $18 million for an office and laboratory complex in Gaithersburg, Md.The $110/sf purchase from Maryland-based Richtree Corp. included the assumption of debt. The acquisitino was detailed in...

July 14, 2000 Lincoln Center, a 730,000-square-foot office complex near Portland, is being offered for sale. The property, which contains six office buildings, two restaurants and a retail area, is being shopped by Eastdil Realty and Norris, Beggs...

July 14, 2000 (NewsTraders.com) – Chap-Cap Partners, led by Robert Chapman, today requested that American Community Properties Trust . (AMEX:APO) grant Chap-Cap two seats on the REIT's board of trustees. The group sounded off to the company's management,...

July 14, 2000 (NewsTraders.com) – A group including New York-based investment firm Gotham Partners LP raised its stake in Canadian parking services company Imperial Parking Corp. (NYSE:IPK) to 12.6 percent from 9.6 percent.The group bought 82,128 common shares...

July 14, 2000 Developers Diversified Realty (NYSE:DDR) has hired Rod Chisessi as director of development – western states.Chisessi will open an office in Long Beach, Calif. and will oversee the shopping center REIT's development projects in the West,...

July 14, 2000 (NewsTraders.com) – A shareholder group including Casuarina Cayman Holdings and Edgecliff Holdings LLC is unhappy with Lodgian's (NYSE:LOD) pending sale of 10 hotels for $132 million.In a letter, dated July 13, sent to Robert Cole,...

July 13, 2000Amazon space in Lexington, Ky., sitting unused The Lexington Herald-Leader, July 13 LEXINGTON, Ky. – The 600,000-square-foot Lexington warehouse that Amazon.com transformed into a high-tech distribution center stands vacant. The future of the distribution center at...

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 13, 2000Shenkman aims to lure tech firms to east end The Ottawa Citizen, July 13OTTAWA – Developer Shenkman Corp. is leading a group of developers that has assembled a 750-acre parcel of undeveloped industrial land near Orleans,...

July 13, 2000NEW YORK – A lending syndicate led by FleetBoston has refinanced and increased a credit line to SL Green Realty Corp. (NYSE:SLG) to $250 million from $140 million.The line can be further increased to $300 million.The...

July 13, 2000 ALEXANDRIA, Va. – AvalonBay Communities Inc. (NYSE:AVB) has priced a $150 million offering of medium-term notes.The eight-year notes were priced to yield 8.263 percent. They pay interest semi-annually and mature on July 15, 2008. They...

July 13, 2000 JOHNSTOWN, Pa. – Crown American Realty Trust (NYSE:CWN) sold its only non-enclosed shopping center for $5 million.The property, Greater Lewistown Plaza in Lewistown, Pa., contains 171,000 square feet. Tenants include a small JCPenney store and...

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 (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 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...