May 31, 2000 NEW YORK – Duff & Phelps Credit Rating Co. has withdrawn its single-B-plus rating for First Union Real Estate Investments' (NYSE:FUR) $33.7 million convertible preferred stock.The rating was withdrawn because the REIT is not expected...

May 31, 2000 MIAMI – Petroleum Realty Investment Partners LP has provided $19.2 million of financing to USA Grocers, a Boca Raton, Fla., company that purchased six gas station/convenience stores in the Boca Raton area.The properties were purchased...

May 31, 2000 CLEVELAND – Developers Diversified Realty Corp. (NYSE:DDR) has placed $105 million of perpetual preferred shares issued by its operating partnership with an institutional investor.The preferred pays a 9 percent coupon. It is callable after five...

May 31, 2000 Marconi joins Kanata building boomThe Ottawa Citizen, May 31 OTTAWA – Marconi Plc., a British telecommunication gear company, plans to build a three-building, 160,000-square-foot complex in Kanata. The firm's decision follows the announcement by Nokia...

May 31, 2000 BETHESDA, Md. – Redbricks.com is offering free appraisal, engineering and environmental reports to those visitors to its site who actually close a mortgage.The promotion is part of an effort by the seven-month-old lending site to...

May 30, 2000 Talcot to sell Cornerstone TowerSouth Florida Business Journal, May 30 PLANTATION, Fla. – Talcot Realty has hired Cushman & Wakefield to find a buyer for the eight-story Cornerstone tower and its accompanying acreage. Talcott is...

May 30, 2000Go To S&P's Presale Report.Go To Moody's Presale Report.Salomon Brothers Mortgage Securities VII Inc., Series 2000-C1ClassAmount($mln)Sub. Level(%)RatingMoody'sRatingS&PAvg.LifePriceTalk(BP)BnchMarkA-1133.725.5AaaAAA5.7+28-301-mo. LiborA-2409.725.5AaaAAA9.14+40-421-mo. LiborB36.520.5Aa2AA9.5+55-581-mo. LiborC3116.25A2A9.5+67-701-mo. LiborD10.914.75A3A-9.5+77-801-mo. LiborE9.113.5Baa1BBB+9.5+240 areaTreas.F14.611.5Baa2BBB9.6+250 areaTreas.G10.910Baa3BBB-9.6+290 areaTreas.X729.4N/AAaaAAAN/A+350* areaTreas.

May 30, 2000 (NewsTraders.com) -- An investment group led by Edgecliff Holdings President William Yung is gearing up for its next move in its ongoing proxy battle with Lodgian (LOD), having revealed that it has increased its stake...

May 30, 2000 CRANFORD, NJ – Mack-Cali Corp. (NYSE:CLI) has paid $42.7 million, or $125.22/sf, for Taxter Corporate Park in Elmsford, N.Y.The complex is comprised of two buildings, 555 Taxter Road and 565 Taxter Road, which combined have...

May 30, 2000 The Advance Group Inc., a Bedminster, N.J., investment firm, has raised $200 million of equity from Invesco Realty Advisors that it expects to leverage into $500 million of acquisitions.The two firms have formed a joint...

May 30, 2000 (NewsTraders.com) – Goldman Sachs has upgraded Starwood Hotels & Resorts Worldwide (NYSE: HOT) today to "market outperformer" from "market perform," according to a market source.Shares of the White Plains, N.Y.-based lodging company have climbed in...

May 30, 2000 ARLINGTON, Va. – Freddie Mac has provided Charles E. Smith Residential Realty Inc. (NYSE:SRW) a $300 million secured line of credit – the first time it has ever extended a revolving credit line.The 10-year facility...

May 30, 2000JACKSONVILLE, Fla. – Regency Realty Corp.'s (NYSE:REG) operating partnership has privately placed $70 million of preferred stock with an institutional investor.The equity was raised through the sale of 700,000 Preferred Series E Units in Regency Centers...

May 30, 2000 (NewsTraders.com) -- Starwood Hotels & Resorts Worldwide (NYSE:HOT) was upgraded today to "market outperformer" from "market perform" by Goldman Sachs, according to a market source.Shares of the White Plains, N.Y.-based lodging company closed Friday higher...

May 30, 2000 DENVER – AmeriVest Properties Inc. (AMEX:AMV) has acquired an office building at 9085 E. Mineral Circle in Panorama Office Park from Comcast Corp. for $5.9 million, or about $95 per square foot.Comcast will continue to...

May 30, 2000 BALTIMORE – Robert P. Mulreaney has resigned as executive vice president, chief financial officer and treasurer of Prime Retail Inc. (NYSE:PRT) Prime, in an announcement of Mulreaney's resignation, said he planned to pursue "other personal...

May 30, 2000 SAN FRANCISCO – AMB Property Corp. (NYSE: AMB) has obtained a new $500 million unsecured revolving credit facility to replace another of the same size that was to mature this coming November.The new three-year vehicle...

May 30, 2000 A recently published study by Ocwen Financial Corp. (NYSE:OCN) has found that the commercial real estate market could finally be showing signs of slowing down.Ocwen, a West Palm Beach, Fla., company that specializes in buying...

May 30, 2000 1st-Qtr 001st-Qtr 99Adjusted FFO $7.4 mln$6 mlnAFFO/shr (diluted) $0.23$0.21 Extra Gain (Loss) -- ($0.7 mln)Net Income $2.5 mln $3.2 mln Net/shr$0.14 $0.19Revenue$25.9 mln $18.5 mln Shares outst.32.3 mln 28.9 mln

May 30, 2000 Go To Fitch IBCA Pre-Sale Report.Go To Moody's Pre-Sale Report.J.P. Morgan Commercial Mortgage Finance Corp., Series 2000-FL 1ClassAmount($mln)Sub. Level(%)RatingFitchRatingMoody'sAvg.LifePriced(BP)BnchMarkA401.335.5AAAAaa2.3+281-mo. LiborB37.329.5AAAa22.5+451-mo. LiborC4222.75AA22.5+791-mo. LiborD40.416.25BBBBaa22.5+1771-mo. LiborE14.2516.25BBB-Baa32.5+2501-mo. LiborX-1487.1--AAAAaa------

May 26, 2000 Associated PressWASHINGTON – Eastbanc Inc., a Washington developer, is said to have agreed to purchase the 192,000-square-foot MCI headquarters building at 1801 Pennsylvania Ave.People familiar with Eastbanc's plan say it will purcahse two old buildings...

May 26, 2000 Associated PressFULTON, N.Y. – Coolidge Properties of Little Falls, N.Y., plans to buy the former Miller brewery in a Syracuse, N.Y., suburb from the Miller Brewing Co. According to Coolidge officials, the sale could close...

May 26, 2000 NORTHBROOK, Ill. – The Martens Cos., a Wichita, Kan., commercial brokerage firm, has formed an affiliation with Grubb & Ellis Co. (NYSE: GBE)The affiliation gives Grubb & Ellis an instant presence in the Wichita market...

May 26, 2000 CHICAGO – Horizon Properties, Inc. (Nasdaq: HGPI) has terminated its agreement to sell seven shopping centers to Triple Net LLC.As previously reported, Triple Net, a Santa Ana, Calif., property manager, had agreed to pay $93.5...

May 26, 2000 CHICAGO – General Growth Properties (NYSE:GGP) has raised $170.6 million by privately placing $175 million of preferred stock from its operating partnership with an institutional investor.The 8.95 percent cumulative redeemable preferred units can be called...