June 6, 2000 SAN FRANCISCO – Bridger Commercial Funding, a lending partner to U.S. commercial banks via the Internet, has funded $300 million in new fixed-rate loans, most under its STAR Loan program, a fixed-rate commercial mortgage offered...

June 6, 2000Associated PressTOKYO (Kyodo) – The government-backed Deposit Insurance Corp. (DIC) has mapped out four conditions for accepting requests from debtors to forgive claims on loans after the transfer of the former Long-Term Credit Bank of Japan...

June 6, 2000 ATLANTA – Winter Properties Inc. plans to construct a 150,000-square-foot office building above an 817-space parking deck as part of a plan to revitalize about five city blocks in the Means Streets area of downtown...

June 5, 2000 The following is reprinted from the Spring 2000 edition of Global Real Estate Now, a publication of PricewaterhouseCoopers.As we enter into the 21st Century, the Japanese economy is suffering from an unprecedented economic downturn that...

June 5, 2000 Prime Property Fund has sold 1525 Wilson Boulevard in Arlington, Va., to Blackstone Real Estate Advisors for $58 million, or nearly $194/sf.The 299,400-square-foot property was built in 1987 and is 94 percent leased to, among...

June 5, 2000 By Thomas J. Walsh, Commercial Real Estate Direct Senior WriterThe current $729.4 million commercial mortgage-backed securities deal from Salomon Smith Barney and Greenwich Capital is expected to price sometime today.Traders this morning say that the...

June 5, 2000 NEW YORK – Cohen & Steers Capital Management Inc. said it has closed Internet Realty Partners LP to new investors.The venture capital fund, which raised $25 million of equity, will make investments in real estate-related...

June 5, 2000 CHICAGO – Equity Office Properties Trust (NYSE:EOP) has sold a 49.9 percent interest in Seattle's Bank of America Tower to the New York State Common Retirement Fund for $210 million. As part of the venture,...

June 5, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorThe Los Angeles Unified School District has agreed to lease 60,000 square feet of office and 88,000 sf of warehouse space at a complex near the district's...

June 5, 2000 Rock Hill eyes 400-acre business parkThe Business Journal of Charlotte, June 5ROCK HILL, N.C. – Trammell Crow Co. plans to develop a 400-acre business park at Interstate 77, between Dave Lyle Boulevard and U.S. Highway...

June 5, 2000 BySusanna Potter, Commercial Real Estate Direct Staff WriterRealWebFunds Inc. expects to close a $12 million acquisition loan for a California office building. The financing would be the tenth that the fund has completed since its...

June 5, 2000 SCOTTSDALE, Ariz. – The venture developing the Scottsdale Promenade, an upscale shopping center in Scottsdale, Ariz., is hunting for $101 million of financing.The venture, between Pederson Group of Phoenix and BVT Development Co. has retained...

June 5, 2000 TORONTO – RioCan Real Estate Investment Trust (TSE:REI.UN) and Centrefund Realty Corp. have ended discussions regarding the possibility of a merger.RioCan, Canada's largest REIT with total assets of 2.2 billion Canadian dollars (US$1.5 billion), had...

June 2, 2000 Associated PressLAS VEGAS – MGM Grand Inc., fresh from a $6.4 billion acquisition of Mirage Resorts Inc., could begin construction on an "over-the-top" Strip mega-resort in 18 months, Chairman J. Terrence Lanni said. Meanwhile, his...

June 2, 2000 NEW YORK – Fitch has upgraded Nomura Asset Securitization Corp.'s commercial mortgage pass-through certificates, series 1995- MD III, as follows: $32.1 million class A-2 and interest-only class A-2CS to AAA from AA; $32.1 million class...

June 2, 2000 Associated PressCHICAGO – A developer who won city approval last fall to build the world's tallest building in downtown Chicago has run into financial problems and may be out of the $500 million dollar project.Real...

June 2, 2000 ATLANTA – Cousins Properties Inc. (NYSE: CUZ) and CommonWealth Partners said Friday they will begin developing two buildings at Research Park Plaza in Austin, Texas, later this year. The development is a 50/50 joint venture...

June 2, 2000 1st-Qtr 001st-Qtr 99FFO $10.8 mln$12 mln FFO/shr (diluted) $0.41 $0.43 Net Income $6.9 mln $8.8 mlnNet/shr$0.26 $0.32 Revenue$22.5 mln $22.2 mln Shares outst.30.5 mln 33.3 mln

June 2, 2000NASHVILLE, Tenn. – American Retirement Corp.(NYSE: ACR), has added Freedom Village at Brandywine in Chester County, Pa., to its portfolio of properties.Freedom Village is a five-story, 800,000-square-foot community located just outside Philadelphia. The 373-unit continuing care...

June 2, 2000 1st-Qtr 001st-Qtr 99FFO $8.9 mln$7.7 mln FFO/shr (diluted) $0.59 $0.55 Net Income $6.2 mln $5.4 mln Net/shr$0.42 $0.39 Revenue$13.9 mln $11.5 mln Shares outst. 15mln 13.9 mln

June 2, 2000 NEW YORK – Philips International Realty Corp. (NYSE: PHR) has agreed to provide Kimco Income REIT an extension for Kimco to complete its due diligence under contracts pertaining to the sales of certain assets by...

June 2, 2000 NEW YORK – Several high-level executives have resigned from First Union Real Estate Investments (NYSE: FUR) and will manage the company externally under an asset management agreement, First Union said today.Daniel P. Friedman, who was...

June 2, 2000 Galleria's developer passes batonThe Atlanta Journal-Constitution, June 2ATLANTA – Gordon Buchmiller Jr. will take the place of Don Childress as managing partner of Childress Klein Properties. Buchmiller was previously the company's office partner. Childress said...

June 2, 2000 BETHESDA, Md. – Hotel investor Crestline Capital Corp. (NYSE: CLJ) has signed a letter of intent to form a joint venture with Bedrock Partners II, LP to acquire $250 million of hotels over the next...

June 2, 2000WASHINGTON – The U.S. General Services Administration has signed a lease with LCOR Alexandria, L.L.C. for the immense space consolidation project for the United States Patent and Trademark Office.LCOR will develop almost 2 million square feet...