June 16, 2000 Bankruptcy is forcing the sale of 76.6 acres of Hudson River waterfront property in Kingston, N.Y.The unnamed debtor has claimed Chapter 11 bankruptcy and has retained Keen Realty Consultants Inc. of Great Neck, N.Y., to...

June 16, 2000 JDN Realty takes a charge of $13 Mln for quarterThe Atlanta Journal-Constitution, June 16ATLANTA – JDN Realty Corp. has charged $13 million against its fourth quarter earnings to cover costs associated with inaccurate accounting that...

June 16, 2000 NEW YORK – Standard & Poor's has issued ORIX Real Estate Capital Markets LLC rankings of "Strong" as a commercial master servicer, commercial loan servicer, and commercial special servicer. Over the past several years, the...

June 16, 2000By Thomas J. Walsh, Commercial Real Estate Direct Senior WriterCredit Suisse First Boston is readying it's next conduit – a $1.3 billion affair – for launch in early to mid-July. Morgan Stanley will likely be the...

June 16, 2000 By Thomas J. Walsh, Commercial Real Estate Direct Senior WriterCommercial mortgage-backed securities deals being cued up for next week are many and varied, as the heaviest transaction flow period of the year continues.First out of...

June 16, 2000 NEW YORK – Fitch has upgraded Bank of America's primary servicer rating to CPS2 from CPS3.The primary servicer rating reflects the company's ability to service commercial mortgages. Fitch rates primary servicers as CPS1, CPS2, CPS3,...

June 16, 2000 (NewsTraders.com) – A group led by Schottenstein Stores chairman and chief executive Jay Schottenstein filed a civil complaint in U.S. District Court in Maryland on June 14 to compel Burnham Pacific Properties Inc. (NYSE: BPP)...

June 15, 2000Go To Fitch Presale Report.Punch Funding II Ltd. (U.K.)ClassAmount(Mln Pounds; $mln U.S.)RatingFitchRatingS&PLoan typePriced(BP)BnchMarkA1350; 524.8AAAAAAFloating+353-mo. LiborA2300; 449.8AAAAAAFixed+180Brit. Treas.M450; 674.7AAFloating+1103-mo. LiborN1165; 247.4BBBBBBFloating+2653-mo. LiborN2150; 224.9BBBBBBFixed+400Brit. Treas.O69; 103.5BBBBFloating+5753-mo. Libor

June 15, 2000By Thomas J. Walsh, Commercial Real Estate Direct Senior WriterWord has it that Lend Lease Real Estate Investments has circled its first non-investment grade commercial mortgage-backed securities. The pension-fund adviser is said to have agreed to...

June 15, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorMansur & Co. has acquired a 50 percent stake in United Stor-All Centers LLC, a Blue Bell, Pa.,-based developer and operator of self-storage facilities.United Stor-All plans to...

June 15, 2000 NEW YORK – Lend Lease Real Estate Investments is putting together a $600 million investment fund that will acquire distressed loans in foreign markets, primarily Asia.The pension-fund adviser is planning to invest up to $50...

June 15, 2000 CLEVELAND – Forest City Enterprises Inc. (NYSE:FCEA) has recovered $24 million from the sale of Tucson Place, a 276,000-square-foot retail center in Tucson, Ariz.Forest City had developed the property in 1989. Its anchors include Wal-Mart,...

June 15, 2000 PNC Mortgage Acceptance Corp., 2000-C1ClassAmount ($mln)Sub. Level (%)Rating Moody'sRating FitchAvg. LifePrice Talk (bp)BenchmarkA-1150.923.5AaaAAA5.7+331-mo LiborA-2463.123.5AaaAAA9.1+421-mo LiborB34.119.25Aa2AA9.7+591-mo LiborC34.115.00A2A9.7+751-mo LiborD10.013.75A3A-9.7+831-mo LiborE26.110.50Baa2BBB9.8+25010-yr TreasF12.09.0Baa3--9.8+27510-yr TreasX802.5NA----+400--10-yr Treas

June 15, 2000ATLANTA – Post Apartment Homes LP (NYSE:PPS) has sold $150 million of 8.125 percent unsecured notes under its medium-term note program.The bonds were rated triple-B-plus by Standard & Poor's and Baa1 by Moody's. Merrill Lynch, Bear...

June 15, 2000 Developer to build $60 Mln office towerThe Ottawa Citizen, June 15OTTAWA – Sakto Corp., an Ottawa developer, plans to build a 60 million Canada dollar (US$40.7 million), 16-story office tower and complex bordering the Queensway....

June 15, 2000 ROSELAND, N.J. – Chelsea GCA Realty Inc. (NYSE:CCG) has filed a shelf registration for up to $600 million of debt that would be issued by its operating partnership, Chelsea GCA Realty Partnership LP.In addition, the...

June 15, 2000 By Paul Gereffi, Commercial Real Estate Direct CorrespondentMIAMI – With the sale of a 4.2-acre parcel just north of the Omni International Mall/Wyndam Hotel area close to completion, there's talk that the site will be...

June 15, 2000 Office market could outpace last year'sThe Atlanta Journal-Constitution, June 15ATLANTA – Atlanta's office market may top last year's level of 4.8 million square feet of net absorption. The metro area absorbed 2.3 million sf of...

June 15, 2000 SAN DIEGO, Calif. – Burnham Pacific Properties Inc. (NYSE:BPP) says that it will oppose any efforts by the Schottenstein Group to reschedule the REIT's annual meeting, currently slated to be held on Oct. 18.In response...

June 15, 2000 (NewsTraders.com) -- Crescent Real Estate Equities Co.'s (NYSE:CEI) new president and chief operating officer, Dennis Alberts, purchased 50,000 shares of the diversified real estate investment trust in late May, according to a regulatory document released...

June 15, 2000 CRANFORD, N.J. – Mack-Cali Realty Corp. (NYSE:CLI) has paid the California Public Employees' Retirement System $42.2 million, or $165.60/sf, for a Northern New Jersey office building.The REIT bought CalPERS' Gatehall IV office building, a 254,800-square-foot...

June 15, 2000 TORONTO – Gentra Inc. (TSE: GTA) has leased more than 300,000 square feet of retail space that Eaton's vacated last fall in three of its shopping centers.Bramalea City Centre in Brampton, Ontario; Londonderry Mall in...

June 15, 2000 WASHINGTON – Bernstein Cos. has raised a $100 million opportunistic fund that buy and develop office and residential properties.The Washington real estate firm's Consortium Two fund has already invested in a 261,000-square-foot office building at...

June 14, 2000 GREENWICH, Conn. – Starwood Capital Group is making a substantial investment in the senior housing sector. The firm, through its Starwood Opportunity Fund V LP is making a $50 million investment in Senior Resource Group,...

June 14, 2000 (NewsTraders.com) -- Stating its belief that Burnham Pacific's (NYSE:BPP) management "bears responsibility for a dramatic loss in shareholder value," a group led by Schottenstein Stores Chairman and CEO Jay Schottenstein said it plans to nominate...