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...

June 9, 2000 CHICAGO – General Growth Properties is launching a Web site that would allow tenants at its malls to sell their wares on the Web.The REIT is launching Mallibu.com. Initially the site will serve tenants and...

June 9, 2000 1st-Qtr 001st-Qtr 99FFO $26.9 mln$22.1 mln FFO/shr (diluted) $0.84 $0.69 Extra Gain (Loss) $-- $(1.1 mln) Net Income $6 mln $5 mln Net/shr$0.21 $0.16 Revenue$64.0 mln $49.9 mln Shares outst.18.2 mln 18.1 mln

June 9, 2000 1st-Qtr 001st-Qtr 99FFO $37.8 mln$38.6 mln FFO/shr (diluted) $0.63 $0.63 Net Income $6.3 mln $8.9 mln Net/shr$0.19 $0.26 Revenue$75.3 mln $78.8 mln Shares outst.59.7 mln 60.9 mln

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 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 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.