June 13, 2000 NEW YORK – Chase Manhattan Corp. (NYSE: CMB) has made three senior hires in its collateralized debt obligation group.Eileen Murphy, formerly of Moody's Investors Service, joined Chase as a managing director of the CDO group....

June 12, 2000 Cushman & Wakefield has drawn up a long-term strategic plan that it says will result in "several key appointments" in the coming months.Among those appointments is believed to be Tom Falus, president of the firm's...

June 12, 2000 NEW YORK – First Union Real Estate Investments (NYSE:FUR) has made a $10 million investment in convertible preferred shares of HQ Global Workplaces, which was formed by the combination of HQ Global Workplaces and Vantas.HQ...

June 12, 2000Tom Falus, president of Cushman & Wakefield's New York regional operation, is moving over to a unit that handles the giant brokerage firm's Internet activities.Falus is not being replaced, according to Crain's New York. Instead, Bruce...

June 12, 2000 PHILADELPHIA – The first speculative office building to go up in Philadelphia in eight years is now 90 percent leased.The 140,000-square-foot building at 3701 Market Street is one of five that University City Science Center,...

June 12, 2000 SASCO Floating-Rate Commercial Mortgage Trust 2000-C2ClassAmount($mln)Sub. Level(%)RatingFitchRatingMoody'sPriced(BP)BnchMarkA443.155.25AAAAaa+23LiborB32.252AA+Aaa+30LiborC54.546.5AAAa2+38LiborD24.844AA-Aa2+45LiborE27.241.25A+Aa3+57LiborF42.137AA2+75LiborG29.734A-A3+90LiborH24.831.5BBB+Baa1+150LiborJ34.728BBBBaa2+160LiborK32.224.75BBB-Baa3+215Libor

June 12, 2000 (NewsTraders.com) – Following a conversation with Crescent Real Estate Equities Co. (NYSE:CEI) management team that highlighted several pieces of incremental information that should positively impact the REIT's funds from operations, Merrill Lynch analyst Eric Hemel...

June 12, 2000 LOS ANGELES – Clifford Smith, vice president of commercial loan and disposition at ING Barings Bank, has joined Kennedy-Wilson Inc. (Nasdaq:KWIC) as senior vice president of its west-coast investment sales group.Smith will be charged with...

June 12, 2000 Go To S&P Presale Report.Go To Fitch Presale Report.DLJ Commercial Mortgage Corp., Series 2000-CF1ClassAmount($mln)Sub. Level(%)RatingS&PRatingFitchAvg.LifePricetalk(BP)BnchMarkA-1A96.125.25AAAAAA5+30 area1-mo. LiborA-1B566.425.25AAAAAA10+41 area1-mo. LiborA-244.320.25AAAA10+55 area1-mo. LiborA-337.716AA10+70 area1-mo. LiborB-13111BBBBBB10+240 areaTreas.B-211.19.75BBB-BBB-10+275 areaTreas.S*886.2--AAAAAA--+350**Treas.* Notional amount and interest-only** At 100 percent CPR.Classes B-3 through...

June 12, 2000 (NewsTraders.com) – Charles Roberts, the chairman, chief executive and president of Roberts Realty Investors (AMEX:RPI), purchased 35,722 common shares of the REIT in May.From May 2 through May 22, Roberts purchased shares of the Atlanta-based...

June 12, 2000 Investors plan $155 million hotel complexOrlando Business Journal, June 12 ORLANDO, Fla. – A group of investors, lead by Homi Gazdar, plan to build a 1.2 million-square-foot hotel complex near the Orange County Convention Center....

June 12, 2000A group of investors, lead by Homi Gazdar, plan to build a $155 million, 1.2 million-square-foot hotel complex near the Orange County (Fla.) Convention Center, the Orlando Business Journal reported today.Commercial Real Estate Direct has summaries...

June 12, 2000 HARTFORD – Grove Property Trust (AMEX:GVE) has purchased three Massachusetts apartment communities and their respective management rights from Roberts-Amherst Associates for about $33.5 million.The Hartford-based REIT paid $12 million in cash for the 912 units...

June 12, 2000 By Gwynne Dyer, Jakarta PostLONDON – Long bull markets tend to collapse just as a new contender for the world's tallest building is nearing completion, according to Rathke's Law of Very Tall Buildings. The theory...

June 12, 2000 Host Funding Inc. (AMEX:HFD), a Dallas-based motel REIT, has registered a stock offering of up to $50 million in common stock and $50 in preferred.The offering, detailed in a Form S-1 registration statement filed with...

June 12, 2000 SAN FRANCISCO – OffRoad Capital has named Ethan Penner to its board of directors. Offroad is an Internet-based marketplace where private companies can raise equity from accredited investors. Penner is perhaps best known for the...

June 12, 2000 Host Funding Inc. (AMEX:HFD), a Dallas-based motel REIT, has registered a stock offering of up to $50 million in common stock and $50 in preferred.The offering, detailed in a Form S-1 registration statement filed with...

June 9, 2000 The New York Post is reporting that Conseco might sell all or part of the GM Building, the 50-story building in Midtown Manhattan that it bought two years ago with Donald Trump for $800 million....

June 9, 2000 Crescent gets to workThe Orlando Sentinel, June 9LAKE MARY, Fla. – Crescent Resources Inc. acquired 150 acres and plans to develop another 1.7 million square feet of space, north if its Primera office park. The...

June 9, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorDigital Media Campus has found a home in a renovated industrial building near Los Angeles International Airport.The e-commerce incubator headed by famed sports agent Leonard Armato signed...

June 9, 2000 (NewsTraders.com) -- Starwood Hotels & Resorts (NYSE:HOT) was upgraded to "strong buy" from "accumulate" today by Prudential Securities analyst Joe Coccimiglio, who has a $40 target for the stock."While we believe HOT is more vulnerable...

June 9, 2000 Scott Toberman, a Chicago developer, says he has lined up $500 million of construction financing, allowing him to proceed with the construction of what would be the world's tallest office building. Stories in the Chicago...

June 9, 2000 1st-Qtr 001st-Qtr 99FFO $54.6 mln$45.7 mlnFFO/shr (diluted) $0.78 $0.70 Net Income $31 mln $24.9 mln Net/shr$0.45 $0.39 Revenue$210.3 mln $187.6 mln Shares outst.68.4 mln 64.1 mln

June 9, 2000 1st-Qtr 001st-Qtr 99FFO $10.4 mln$8.9 mln FFO/shr (diluted) $0.75 $0.68 Net Income $4.8 mln $5.3 mln Net/shr$0.35 $0.40 Revenue$24 mln $19.5 mln Shares outst.13.9 mln 13.2 mln

June 9, 2000 NEW YORK – CapitalEngine.com is looking to get into the commercial-mortgage trading business. The firm has hired Robert Cestari, a former director of commercial mortgage-backed securities trading at Nomura Securities, as senior managing director responsible...