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 8, 2000LEONIA, N.J. – Infocrossing Inc. (Nasdaq:IFOX) will convert a 52,000-square-foot facility at the Bay Colony Business Center in Atlanta's Norcross suburb into an Internet data center.The center is slated to open in the fall. It is...

June 8, 2000 SACRAMENTO, Calif. – Thomas E. McCormick III, the North American president of brokerage services for Colliers International, has joined Panattoni Development Co. as principal.In his new post, McCormick will focus on expanding Panattoni's reach into...

June 8, 2000 Kennedy-Wilson Inc. (Nasdaq:KWIC) has paid $29.3 million for the Tulsa Koger Center in Tulsa, Okla.The 581,000-square-foot complex was purchased from Koger Equity Inc. (NYSE:KE)Kennedy Wilson bought the 13-building complex in partnership with ING Realty Partners,...

June 8, 2000 Debtx.com is planning a major overhaul of its Web site.The Boston startup, which markets commercial mortgages via the Internet, is planning to add a host of enhancements that would provide: generic pricing information for seasoned...

June 8, 2000 STOCKHOLM, Sweden – NCC Real Estate has agreed to sell a mixed-use facility in Hamburg, Germany, to Deutsche Grundbesitz- Investmentgesellschaft mbH for 200 million kronor ($22.8 million), or about $212/sf.Kielerstrasse 143-147, a 107,530-square-foot building in...

June 8, 2000 Goldman unit passes on buying Equitable BuildingThe Atlanta Journal-Constitution, June 8ATLANTA – The Archon Group, a Goldman Sachs subsidiary, will not purchase the 32-story, 594,000-square-foot Equitable Building on Peachtree Street. Goldman Sachs declined to comment.Atlanta...

June 8, 2000 TORONTO – TrizecHahn Corp. (NYSE:TZH) has completed its $1.2 billion sale of 14 Canadian office properties.After retiring $387 million of debt that encumbered the 11 million square foot portfolio, the Toronto company is left with...

Staff ReportDonaldson, Lufkin & Jenrette has launched an $886.2 million commercial mortgage-backed securities deal. But sources at the Commercial Mortgage Securities Association in New York today said price talk won't be out until early next week. The deal,...

June 8, 2000 PropertyFirst.com has formed a strategic alliance with Trade Dimensions, that will give users of the online property listing service ready access to a retail tenant directory. The alliance will allow users of PropertyFirst to identify...

June 8, 2000PNC Mortgage Acceptance Corp., 2000-C1ClassAmount ($mln)Sub. Level (%)Rating Moody'sRating FitchAvg. LifePrice Talk (bp)BenchmarkA-1150.923.5AaaAAA5.728-301-mo LiborA-2463.123.5AaaAAA9.1401-mo LiborB34.119.25Aa2AA9.7551-mo LiborC34.115.00A2A9.7701-mo LiborD10.013.75A3A-9.7801-mo LiborE26.110.50Baa2BBB9.824010-yr TreasF12.09.0Baa3--9.827510-yr TreasX802.5NA--------10-yr Treas

June 7, 2000 City close to $45 Mln land dealThe Boca Raton News, June 7 BOCA RATON, Fla. – City officials are close to purchasing 315 acres of undeveloped land in the former Blue Lake Corporate Center, from...

June 7, 2000 A Georgia investment group has put a net-leased industrial property in Newnan, Ga., up for sale.The 110,000-square-foot building sits on a 12.3-acre lot and is leased for the next 20 years to Cargill, which carries...

June 7, 2000 NEW YORK – Annemarie G. DiCola, vice president and general counsel of Trepp LLC, will be named president of the Commercial Mortgage Securities Association at the group's annual convention tomorrow.DiCola has been an active member...

June 7, 2000 LOS ANGELES – Barclays Realty & Management has paid $12.8 million for the Long Beach Promenade, a 79,100-square-foot neighborhood shopping center in East Long Beach, Calif.The property was purchased from Rubin Pachulski Properties of Los...

June 7, 2000 NEW YORK – Thomas A. Berkenkamp, a former executive vice president of Emmes Capital LLC, has joined Credit Lyonnais Americas as a director in its real estate finance group.Berkenkamp will be responsible for syndicating large...

June 7, 2000 PHILADELPHIA – Granite Penn Square LLC has begun construction of a $50 million Residence Inn by Marriott at One East Penn Square – marking the final stage of renovations of the Penn Square buildings surrounding...

June 7, 2000 BOCA RATON, Fla. – Milestone Properties Inc. (OTCBB:MPRP) will not pay a dividend on its Series A Preferred Stock for the quarter ending June 30.The company did not elaborate.

June 7, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorAn AEW Capital Management client has sold Cincinnati's Northgate Mall to a partnership led by principals of David Hocker & Associates. The partnership, Northgate Partners LLC, also...

June 7, 2000NEWPORT BEACH, Calif. – Oxford International Inc. is providing MPTV Inc. (OTC Bulletin Board:MPTV) with a $52.5 million construction loan for a timeshare project in Las Vegas.Financial terms of the deal, which is expected to close...

June 6, 2000 SCOTTSDALE, Ariz. – Olympus Hospitality Group and Carlson Hotels Worldwide have formed an alliance, Radisson-Olympus Capital Partners, that will buy hotels and convert them to Radisson or Regent brands.In addition, the two have formed Park...

June 6, 2000 CRANFORD, N.J – Mack-Cali Realty Corporation (NYSE:CLI) has agreed to sell Kemble Plaza II, a 475,100-square-foot office building in Morris Township, N.J., for $82.7 million, or $174/sf.The property is part of Kemble Plaza, a two-building...

June 6, 2000ST. PAUL, Minn. – The owner of the Holiday Inn RiverCentre has secured a $7.6 million construction loan through Associated Commercial Mortgage of Wisconsin.The owner, 175 Fort LLC, plans to launch a renovation project this week...