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...

June 19, 2000 MSJ Realty to pay $500 Mln for Crocker portfolioSouth Florida Business Journal, June 19 BOCA RATION, Fla. – MSJ Realty Trust plans to pay $500 million for Crocker Realty Trust's 6.1 million-square-foot office portfolio, which...

June 19, 2000 STAMFORD, Conn. – Michael E. Pralle, president and chief executive of the private-equity investment arm of GE Capital, has been named president and chief executive of GE Capital Real Estate.Pralle replaces Ron Pressman, who was...

June 19, 2000 Hospitality Properties Trust (NYSE: HPT) has agreed to buy 10 hotels from Marriott International Inc. (NYSE: MAR) for $145 million. Eight of the hotels were purchased last week, the remainder are still being developed and...

June 16, 2000GREENWOOD VILLAGE, Colo. – Chateau Communities (NYSE:CPJ) has raised a $116 million secured credit facility through Fannie Mae's Multifamily and Manufactured Housing Community pilot program.Collateral Mortgage Ltd. of Birmingham, Ala., underwrote the 10-year fixed rate facility,...

June 16, 2000 BOSTON – The Debt Exchange Inc. has named three seasoned executives to its advisory board.The three executives are: Foster L. Aborn, who is vice chairman of John Hancock Financial Services; Alex d'Arbeloff, the founder of...

June 16, 2000 By Thomas J. Walsh, Commercial Real Estate Direct Senior WriterAll of the bonds in a $729.4 million conduit deal by Salomon Smith Barney and Greenwich Capital were sold, save for a predetermined piece of the...

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 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 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 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, 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 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, 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 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...