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...

June 30, 2000 BEVERLY HILLS, Calif. – Kennedy-Wilson Inc. (Nasdaq:KWIC) has raised $48 million of unsecured corporate financing through institutional investment and credit facilities.The financing includes $15 million of six-year senior unsecured notes and $33 million of two-year...

June 30, 2000 SAN DIEGO – A subsidiary of British American Tobacco PLC (AMEX:BTI) has closed on its sale of Genstar Land Co. to Newland-IHP Ventures in a deal valued at $223 million.Newland Communities and Institutional Housing Partners,...

June 29, 2000 By Paul Gereffi, Commercial Real Estate Direct CorrespondentJACKSONVILLE, Fla. – Duke-Weeks Realty Corp. (NYSE:DRE) is planning to develop 200,000 square feet of office space in Southpoint, an office complex in Jacksonville.The $20 million project, Gemini...

June 29, 2000 CHICAGO – CB Richard Ellis, Jones Lang LaSalle, DTZ and Reed Business Information have teamed up to develop a European commercial real estate portal, which is code named Project Pathway.The portal's focus will be on...

June 29, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorJonathan "Jack" Spound, a veteran Southern California real estate executive, has joined AEW Capital Management as director of AEW Partners in Los Angeles.Spound previously was with JER...

June 29, 2000 ANN ARBOR, Mich. – Captec Net Lease Realty (Nasdaq:CRRR) has retained Prudential Securities Inc. to explore ways to increase shareholder value, including a sale or merger of the company.The move follows the company's announcement last...

June 29, 2000 Go To Initial Price Guidance.The following table shows final pricing for the top eight tranches of a 32-tranche floating-rate deal – a variant of the "A-B" structure, in this case an "A-B-C" structure (see figure...

June 29, 2000 NEW YORK – Shareholders of Carey Diversified LLC (NYSE:CDC) have approved the company's proposed merger with W.P. Carey & Co.The resulting company, W.P. Carey & Co. LLC will be listed on the New York Stock...

June 29, 2000 Union County mall to get a makeoverThe Charlotte Observer, June 29CHARLOTTE, N.C. – The Monroe Mall on U.S. 74 is expanding its space to make room for four new specialty stores and an expansion of...

June 29, 2000 (NewsTraders.com) – Apartment Investment & Management (NYSE:AIV) was upgraded to "buy" from "outperform" today by Salomon Smith Barney analyst Jonathan Litt, according to a source at the brokerage concern.The analyst has a $52 price target...

June 29, 2000 DALLAS – Milestone Hotel Investments Inc. and Regency Hotel Management Inc. have purchased a portfolio of eight Clubhouse Inn hotels and six Wyndham Garden Hotels, as well as the Clubhouse Inn brand, from Wyndham International...

June 29, 2000 DALLAS (Primezone) – Richard Douglas and Larry Harley have resigned from the boards of Transcontinental Realty Investors Inc. (NYSE:WYN) and Income Opportunity Realty Investors Inc. (AMEX:IOT), effective June 15 and June 19, respectively. In a...

June 29, 2000 NORTHBROOK, Ill. – A unit of Grubb & Ellis Co. (NYSE:GBE), has been hired as facilities manager for IBM's 1 million-square-foot e-commerce call center in St. Louis.The unit, Grubb & Ellis Management Services Inc., now...

June 28, 2000 NEW YORK – One of the first opportunity funds to be formed has completed its liquidation and its returns have been impressive.Lend Lease Real Estate Investments' Value Enhancement Fund I sold its last property, the...

June 28, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorIndustrial users so far this year have committed to lease more than 7.5 million square feet of space that is being developed within Southern California's booming "Inland...

June 28, 2000 HORSHAM, Pa. – GMAC Commercial Mortgage has confirmed that it will provide $1.3 billion of construction financing for the redevelopment of Columbus Circle.The financing – GMAC says it is the largest ever single construction loan...

June 28, 2000 CHICAGO – Jones Lang LaSalle has named M.G. (Jerry) Rose vice chairman of the firm. Rose, who started LaSalle Properties' tenant representation division in 1978, most recently served as chief executive of the JLL's Global...

June 28, 2000 Turner Broadcasting plans $1.2 billion growth spurtThe Atlanta Journal-Constitution, June 28ATLANTA – Turner Broadcasting System will spend $1.2 billion on construction projects downtown and midtown during the next five years. The plans call for adding...

June 28, 2000CLEVELAND – A lending syndicate led by Bank One has increased the size of Developers Diversified Realty's (NYSE:DDR) unsecured credit facility to $550 million from $375 million.The facility, which now matures on May 31, 2003, carries...

June 28, 2000 Apartment Investment and Management Co. (NYSE:AIV) has agreed to buy the remaining stock of Oxford Realty Financial Group Inc. for $301 million.Under the deal, Aimco will pay $241 million in cash and $60 million in...