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 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 (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 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 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...

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 14, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorCabot Industrial Properties LP plans a 645,000-sf speculative industrial development on property it purchased in Rancho Cucamonga – within Southern California's "Inland Empire" distribution market.The Boston company,...

June 14, 2000 Convention Center hotel deal completeThe Charlotte Observer, June 14CHARLOTTE, N.C. – StarPort will begin developing a $143 million, 700-room Westin on Stonewall Street across from the Charlotte Convention Center. The hotel will be completed in...

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...

June 14, 2000 Northwood Mall getting multimillion-dollar makeoverThe Edmonton Journal, June 14EDMUNTON, Alberta – Centrefund Corporation is planning to renovate its Northwood Mall. Remodeling plans include the expansion of Zellers by 23,500 square feet, a new 55,000-sf Canada...

June 14, 2000 ATLANTA – Wells Real Estate Investment Trust has bought a newly constructed, single-tenant office building in Tempe, Ariz., for $13.3 million, or about $101/sf, from Ryan Cos. US.The 130,000-square-foot, two-story building is fully leased to...

June 14, 2000 DENVER – EquityCity has named five additional members to its advisory board, making it read like a who's who of the real estate industry.Its latest additions are: Gary Garrabrant, chief investment officer of Equity International...

June 14, 2000 Associated PressCOPENHAGEN, Denmark – Two Danish real estate developers on Wednesday were sentenced to at least five years in jail in a 3.7 billion kroner ($474 million) fraud and forgery case that has been dubbed...

June 13, 2000 As expected, Goldman Sachs and Chase Manhattan Bank have launched a $195 million commercial mortgage-backed securities deal that will finance the Bank of America tower in Seattle.The issue, Columbia Center Trust, is comprised of five...

June 13, 2000 Prudential Assurance, the largest life insurer in the United Kingdom, has paid 248 million pounds ($375 million) for a portfolio of four office buildings in the City of London.The portfolio was purchased from Wates City...