June 21, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorBlack Equities, a Beverly Hills, Calif., real estate investment group, has acquired the Astech Manufacturing complex in Santa Ana, Calif., for $16 million, or $47/sf.Astech will continue...

June 21, 2000 BALTIMORE – Prime Retail Inc. (NYSE:PRT) is raising $110 million of financing from Lehman Brothers, which was also hired as financial adviser.The financing is in the form of a $90 million mezzanine loan that is...

June 21, 2000 Headed uptown: Holton SquareThe Charlotte Observer, June 21CHARLOTTE, N.C. – Berwyn, Pa.-based LCOR plans to demolish the convention center at Trade, College and Fourth streets and replace it with Holton Square. The $214 million project...

June 21, 2000 AirTouch Support Services LLC has extended its lease term for an additional 36 months at Pacific Gateway Properties' (AMEX:PGP) Walnut Creek office park in San Francisco.AirTouch's lease covers four buildings totaling 128,800 sf. The extension...

June 21, 2000 LOS ANGELES – Secured Capital Corp has named Michael D. Cochran a principal of the firmCochran is senior managing director and head of the real estate investment banking boutique's New York office. He becomes one...

June 20, 2000NEW YORK – Blackstone Real Estate Advisors and Hines are forming a venture to develop a site in Atlanta's Buckhead section. Blackstone had purchased the site in 1998, but held off developing it. It says now...

June 20, 2000 Major office tower planned for BuckheadThe Atlanta Journal-Constitution, June 20ATLANTA – A partnership between Blackstone Real Estate Advisors of New York and Houston-based Hines will develop a 500,000-square-foot office tower. One City Center will be...

June 20, 2000 Go To S&P's Presale Report.Go To Moody's Presale Report.Prudential Securities Secured Financing Corp., $818.4 mln. Series 2000-Key 1ClassAmount($mln)Sub. Level(%)RatingS&PRatingMoody'sAvg.LifePricetalk(BP)BnchMarkA-113426AAAAaa5+30 area3-mo. LiborA-2471.626AAAAaa10+41 area3-mo. LiborB34.821.75AAAa210+53-553-mo. LiborC40.916.75AA210+65-673-mo. LiborD10.215.5A-A310+75-773-mo. LiborE10.214.25BBB+Baa110+230-235Treas.F18.412BBBBaa210+240-245Treas.G14.310.25BBB-Baa310+275 areaTreas.X*818.4N/AAAAAaa--+365 area**Treas.* Interest-only class** At 100 percent CPR.

June 20, 2000NEW YORK – CapitalEngine.com has opened up shop in London and hired John Rowley-Conwy as director of business development to oversee the online real estate firm's growth in Europe.Rowley-Conwy has for the past 10 years structured...

June 20, 2000 ROCHESTER, N.Y. – Home Properties (NYSE:HME) has sold $20 million of preferred stock to affiliates of AEW Capital Management and Pacific Life Insurance Co.The series C cumulative convertible preferred stock pays a dividend of 8.75...

June 20, 2000 Go To Initial Price Guidance.DLJ Commercial Mortgage Corp., Series 2000-CF1ClassAmount($mln)Sub. Level(%)RatingS&PRatingFitchAvg.LifePriced(BP)BnchMarkA-1A96.125.25AAAAAA5+30Libor (Treas. +134.6)A-1B566.425.25AAAAAA10+41Libor (Treas. +162.75)A-244.320.25AAAA10+55Libor (Treas. +177.75)A-337.716AA10+73Libor (Treas. +195.75)A-413.314.5A-A-10+82Libor (Treas. +204.75)B-13111BBBBBB10+245Treas.B-211.19.75BBB-BBB-10+275Treas.S*886.2--AAAAAA--+375**Treas.* Notional amount and interest-only** At 100 percent CPR.Classes B-3 through B-8, C and D...

June 20, 2000 Condo-hotel seeks luxurious mixThe Globe and Mail, June 20TORONTO – Starwood Group Inc. will build a 16-story building with one- and two-story residential condominiums on top of a hotel. The hotel will be built on...

June 20, 2000 CLEVELAND – Associated Estates Realty Corp. (NYSE: AEC) has purchased a 272-unit luxury apartment community in Riverside, Calif., on behalf of one of its pension fund clients. Associated Estates would not disclose the price or...

June 20, 2000 LOS ANGELES – eProperty, an Internet real estate site formed by Kennedy-Wilson Inc. (Nasdaq:KWIC), has named Gerald M. Rohm as president and chief operating officer. Previously, Rohm was managing director & vice president of portfolio...

June 20, 2000 Brookfield Properties Corp. (NYSE: BPO) and Gentra Inc.'s (PSE: GTA) will offer their office tenants discounted buying services via OfficeTempo.com.Tenants will be able to buy a wide range of products and services including computers, software,...

June 20, 2000 SACRAMENTO, Calif. – California Public Employees' Retirement System has earmarked $150 million of fresh capital to two real estate ventures as part of its decision to plow $1.1 billion of capital to four investment vehicles.The...

June 20, 2000 CRANFORD, N.J. – KPMG Consulting LLC has signed a lease for 38,000 square feet at Liberty Corner Corporate Center, a newly constructed office building in Bernards Township, N.J.This long-term lease is the first signed at...

June 19, 2000 Montreal Gazette/Associated PressMONTREAL (CP) – Albert Reichmann refused Thursday to give up on a Montreal sports and entertainment complex that would cost 1 billion Canada dollars (US$682 million). "We're studying the situation," Reichmann, the chairman...

June 19, 2000 ANAHEIM, Calif. – Summit Commercial Properties and Mack-Cali Realty Corporation (NYSE:CLI) have started construction on a $40 million Class-A office building in Anaheim.The 260,000-square-foot Stadium Gateway is 30 percent pre-leased to New Horizons Worldwide Inc,...

June 19, 2000 MIAMI – A unit of Global Crossing Ltd. has agreed to lease at least 125,000 square feet, and up to 250,000 sf at Technology Center of the Americas, a carrier hotel being developed by a...

June 19, 2000 Crocker Realty Trust has signed an agreement to sell virtually all its real estate assets to MSJ Realty Trust for $500 million. The acquisition, reported by the South Florida Business Journal, will comprise 6.1 million...

June 19, 2000 NEW YORK – Related Capital Co. has arranged $10.5 million of historic tax-credit funding allowing Dranoff Properties to invest in the rehabilitation of a University City property in Philadelphia. The property is slated to become...

June 19, 2000 CHICAGO – Shareholders of Equity Office Properties Trust (NYSE:EOP) and Cornerstone Properties Inc. (NYSE:CPP) have approved the merger of the two REITs, paving the way for the deal to close.The combined entity will operate under...

June 19, 2000 Go To Fitch Presale Report. Go To Moody's Presale Report. Chase Commercial Mortgage Securities Corp., Series 2000-2ClassAmount($mln)Sub. Level(%)RatingFitchRatingMoody'sAvg.LifePricetalk(BP)BnchMarkA-111924AAAAaa5+28-303-mo. LiborA-2442.524AAAAaa10+37-393-mo. LiborB26.820.375AAAa210+49-523-mo. LiborC34.215.75AA210+61-643-mo. LiborD1214.125A-A310+71 area3-mo. LiborE2311BBBBaa210+240 areaTreas.X*738.7NAAAAAaaNA+365 area**Treas.* Interest-only strip.** At 100 percent CPR.

June 19, 2000 The Swig Co. has purchased the 50 percent interest in 633 Folsom Street in San Francisco that it did not already own from William Wilson & Associations. Terms of the deal were not disclosed.The deal...