July 5, 2000 PASADENA, Calif. – IndyMac has signed a 10-year lease to occupy all 141,800-square-feet in the first phase of the Pasadena Corporate Park, a complex being developed by Kearny Real Estate Co.The lease is valued at...

July 5, 2000 ROCKVILLE, Md. – A syndicate led by First Union National Bank has extended Federal Realty Investment Trust's (NYSE:FRT) existing $300 million unsecured revolving line of credit.Under the new agreement, the maturity date was extended to...

July 5, 2000 Berkshire Mortgage Finance has completed its $40 million purchase of Bankers Mutual of Irvine, Calif.The Boston firm now has a servicing portfolio of $10 billion. It says it is now the largest privately owned commercial...

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 3, 2000 Kushner Cos. of Florham Park, N.J., will soon buy WNY Group Inc., an apartment owner in South Jersey, for about $240 million.According to the Philadelphia Business Journal, the deal gives Kushner a dominant position in...

July 3, 2000CRANFORD, N.J. - Mack-Cali Realty Corp. (NYSE:CLI) has redeployed proceeds of recent asset sale to acquire, in two separate transactions, Parsippany Office Associates, LLC, and Parsippany's interests in the Mack-Cali Business Campus and a portion of...

July 3, 2000The National Association of Real Estate Investment Trusts today applauded the leadership of the Tennessee General Assembly and Governor Don Sundquist following enactment of corrective REIT legislation, the organization said in a statement. Last year, Tennessee...

July 3, 2000NEW YORK - Fortress Investment Fund LLC and its affiliates have completed a $9 per share cash tender offer for up to 5 million shares of common stock of Capstead Mortgage Corp. (NYSE:CMO). Some 2,765,028 shares...

July 3, 2000TORONTO - O&Y Properties Corp. (Toronto Stock Exchange: OYP) has entered into a partnership with Allied Riser Communications Corporation (NYSE:ARCC) and AT&T Canada (NYSE:ATTC) aimed at providing high speed, broadband data applications and other services over...

July 3, 2000Moody's Investors Service has downgraded the senior unsecured debt rating of Weingarten Realty Investors (NYSE:WRI) to A3, from A2, and lowered the cumulative preferred stock rating to "baa1", from "a3". Moody's says these actions reflect a...

July 3, 2000 Las Olas towers expected to fetch $110 millionSouth Florida Business Journal, July 3 FORT LAUDERDALE, Fla. – Stiles Corp. has put its two Las Olas Centre buildings on the market. The buildings are expected to...

June 30, 2000 NEW YORK – Fitch has upgraded CS First Boston Mortgage Securities Corp.'s 1994-CFB1.The upgrade affects the following classes: the $4.5 million class-D was upgraded to triple-A from double-A-minus, the $13.2 million class E was upgraded...

June 30, 2000Jones Lang LaSalle Hotels is expanding operations in Tokyo. The firm has tapped Tomohiko Sawayanagi to head up its Japanese operations. Sawayanagi, a senior vice president, had previously been responsible for hotel-related advisory and real estate...

June 30, 2000 Sovereign Bank Lease Pass-Through Trust, 2000-1ClassAmount($mln)RatingS&PRatingMoody'sAvg.LifeSpread(BP)BnchMarkA-1201.9BBB-Baa34+372Treas.A-2106.4BBB-Baa320+600Treas.

June 30, 2000 NASHVILLE, Tenn. – Pacific Life Insurance Co.'s proposal to inject $200 million of equity into Prison Realty Trust Inc. (NYSE:PZN) has been called off because of concerns that the REIT would not be able to...

June 30, 2000 ATLANTA – Wells Real Estate Funds has purchased a fully leased, single-tenant office building in Troy, Mich., for $19.8 million, or about $185/sf.A subsidiary of Delphi Automotives Systems Corp. has signed a seven-year lease for...

June 30, 2000 RICHMOND, Va. – Credit Suisse First Boston and United Dominion Realty Trust Inc. (NYSE: UDR) have formed a joint venture that will invest about $105 million to develop five apartment communities.CSFB owns a 75 percent...

June 30, 2000 NEW YORK – Jennifer R. Wall has been appointed as vice president of Investor Relations by Keystone Properties Trust (AMEX:KTR).Wall will be responsible for developing and implementing an investor relations program and will oversee corporate...