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 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 10, 2000 A group of partnerships affiliated with AEW Capital Management has taken a 10.1 percent stake in Bedford Property Investors Inc. (NYSE:BED).The group bought 1.9 million shares from June 15 to June 30 at prices ranging...

July 10, 2000 An investment group run by Florida developer Pat Sessions has purchased the Ocean Links Apartments in Jacksonville, Fla., for about $17.5 million.The group, Ocean Links of Ponte Vedra LLC, financed its purchase with a $16.5...

July 10, 2000 COLUMBUS, Ohio – Glimcher Realty Trust (NYSE:GRT) has sold eight community shopping centers to Gator Investments for $26.25 million.The properties comprise five single-asset stores and three community centers.Glimcher used the proceeds to pay down debt.Gator...

July 10, 2000 HORSHAM, Pa. – GMAC Commercial Mortgage has arranged $10.2 million of financing for two Pennsylvania properties.National Life of Vermont received $6.4 million of financing for the Dutton Mill office/warehouse complex on Turner Way in Aston,...

July 10, 2000 CHICAGO – First Industrial Realty Trust Inc. (NYSE:FR) has renewed its $300 million unsecured credit facility, which was scheduled to mature April 30, 2001. The new facility matures June 30, 2003.Bank One, Union Bank of...

July 10, 2000 Stichting Pensioenfonds ABP, a Dutch public employee pension fund, has acquired 3 million common shares of General Growth Properties (NYSE:GGP), giving it a 5.9 percent stake in the Chicago REIT.In a Schedule 13D that was...

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, 2000 DALLAS – Prentiss Properties Trust (NYSE:PP) has exited the Dallas and Northern California industrial markets and plans to do the same in Washington D.C.The REIT, which is being acquired by Mack-Cali Corp. (NYSE: CLI) in...

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...

July 10, 2000 CHICAGO – Jones Lang LaSalle Inc. (NYSE:JLL) has acquired Montreal-based BCFN Corporate Real Estate Consultants Inc. Terms of the acquisition were not disclosed.BCFN will become part of the Canadian subsidiary of Jones Lang LaSalle and...

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 7, 2000 (NewsTraders.com) -- FelCor Lodging Trust Inc. (NYSE:FCH) and MeriStar Hospitality Corp. (NYSE:MHX) both came down a peg in the eyes of A.G. Edwards analyst Manuel Pyles, who lowered his rating for both companies to "accumulate"...