May 2, 2000 KENT, Wash. – Boeing Realty Corporation (NYSE:BA) unveiled a 200-acre business park plan called "Pacific Gateway Business Park," located next to the Boeing Space Center.The redevelopment of surplus land project calls for more than 2...

May 2, 2000 By Thomas J. Walsh, Commercial Real Estate Direct Senior WriterFitch IBCA's acquisition of Duff & Phelps is all but done, according to sources at both firms. But those sources swear there's been no official name...

May 2, 2000 HARRISBURG, Pa. – Hersha Hospitality Trust (AMEX: HT) has acquired four hotel properties located in the metropolitan Atlanta market from Noble Investment Group Ltd., while simultaneously entering into sale-leaseback agreements with Noble for the four...

May 2, 2000 MECHANICSBURG, Pa. – Balanced Care Corp. (Amex:BAL) has agreed to buy 10 special purpose entities that lease Outlook Pointe assisted living facilities from Nationwide Health Properties Inc.The properties were developed and managed by Balanced Care...

May 2, 2000 (NewsTraders.com) -- Franchise Finance Corp. of America (NYSE:FFA) had its rating from A.G. Edwards & Sons analyst Ann Melnick scaled back to "accumulate" from "buy," based on the weaker-than-expected performance of one of the company's...

May 2, 2000 Dot-coms to be sought for 10th Street buildingAtlanta Journal-Constitution, May 1ATLANTA – Griffin Co. has contracted to buy the nine-story, 161,000-square-foot Georgia Baptist Health Care System building and plans to convert it to high-tech loft...

May 2, 2000 NEW YORK – A syndicate of 12 banks led by Bank of New York provided $140 million of first mortgage financing to a group led by Silverstein Properties Inc. for its purchase of 120 Broadway...

May 2, 2000 IRVING, Texas – FelCor Lodging Trust Inc. (NYSE:FCH) has received $186 million in first mortgage financing from Chase Manhattan Bank.The financing is secured by eight Embassy Suites hotels. It carries an 8.69 percent fixed interest...

May 2, 2000 Cambridge Realty Capital Cos. has provided $5.8 million of bridge financing for two Kansas assisted living facilities. The financing will allow Royalcrest Living of Hamilton, Ont., to buy the Holiday Estates and Holiday Resorts facilities...

May 1, 2000 Spring Hill may give way to new towerAtlanta Business Chronicle, May 1 ATLANTA – According to real estate sources, the 3.2-acre Spring Hill property at 10th and Spring streets is being marketed for sale by...

May 1, 2000 Brookfield sells stake in Boston office propertiesFinancial Post, May 1 TORONTO – Brookfield Properties Corp. sold a 49 percent interest in two Boston landmark properties to raise US$169 million, which will be used to repurchase...

May 1, 2000BOSTON – Charlesbank Capital Partners LLC has agreed to acquire the majority interest in the Galleria Officentre, a 1.1 million-square-foot office complex in Southfield, Mich. Forbes-Cohen/Nemer Associates sold its interest to the Boston-based private investment firm...

May 1, 2000 NEEDHAM, Mass. – CareMatrix Corp. (Nasdaq:CMDCE) and certain affiliates of Chancellor Senior Housing Group Inc. have agreed to sell up to 14 of their assisted living facilities for about $226 million.The purchase price consists of...

May 1, 2000 An affiliate of Summit Properties Inc. (NYSE:SMT) has filed to raise up to $250 million through the sale of medium-term notes.The REIT's operating partnership, Summit Properties Partnership LP, will sell the securities through an underwriting...

May 1, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorPan Pacific Retail Properties has paid $11.85 million for Weigand Plaza I, a neighborhood shopping center in Encinitas, Calif., not far from the firm's north San Diego...

May 1, 2000 By Orest Mandzy, Commercial Real Estate Direct Managing EditorMalan Realty Investors (NYSE:MAL) has lobbed another shot in the ongoing written volley with Kensington Investment Group by refuting critical statements and asking the SEC to take...

May 1, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorOffice and industrial buildings in Los Angeles County saw rents climb and vacancies fall during the first quarter, according to a just-released report by Cushman & Wakefield.Overall...

May 1, 2000Go To Fitch IBCA Pre-Sale Report.Go To S&P Pre-Sale Report.First Union National Bank Commercial Mortgage Trust, 2000-C1ClassAmount($mln)Sub. Level(%)RatingS&PRatingFitchAvg.LifePriced (BP)BnchMarkA-19625.75AAAAAA5.6+28LiborA-2485.525.75AAAAAA10+43LiborB39.220.75AAAA10+58LiborC35.216.25AA10+70LiborD11.714.75A-A-10+80LiborE25.511.5BBBBBB10+240Treas.F-11.710BBB-BBB-10+285Treas.X*783.09N/AAAArAAA10+400*Treas.* Interest-only, at 100 percent CPR.

May 1, 2000 Go To Moody's Pre-Sale Report.Go To S&P Pre-Sale Report.Four Times Square Trust, Series 2000-4TSClassAmount($mln)RatingS&PRatingMoody'sAvg.LifePriced (BP)BnchMarkA-147AAAAaa5.6+30LiborA-2233AAAAaa9.9+43LiborB46AAAa210+53LiborC68AA210+63LiborD36BBBBaa210PresoldLiborX*430AAArAaaN/AN/ALibor* Interest-only strip.

May 1, 2000 IRVING, Texas – FelCor Lodging Trust Inc. (NYSE:FCH) has received a $145 million first mortgage from David L. Babson & Co. and Teachers Insurance.Babson is affiliated with MassMutual.The 10-year mortgage, which amortizes over 25 years,...

April 28, 2000 NEW YORK – First Union National Bank has provided $42 million of mortgage financing for the Park Plaza Mall in Little Rock, Ark.The Park Plaza is a 548,000-square-foot shopping center that is fully leased and...

April 28, 2000Another large shopping center OK'd for West Delray, despite residents complaintsThe Sun-Sentinel, April 28DELRAY BEACH, Fla. – A 218,700-square-foot shopping center has been approved for West Delray at the corner of Jog and Ida roads and...

April 28, 2000 Nortel expansion creates 1,250 jobsThe Ottawa Citizen, April 28 OTTAWA –Nortel Networks Corp. will spend US$143 million to build three new 100,000 square-feet facilities in the region, bringing its total number of workers in the...

April 28, 2000 NEW YORK – Starwood Financial Inc. (NYSE:SFI), which is changing its name to iStar Financial Inc., has hired Andrew Richardson as senior vice president of its capital markets group.Richardson was formerly vice president in Salomon...

April 28, 2000 HOUSTON – Weingarten Realty Investors (NYSE:WRI) has promoted senior vice president and treasurer Stephen Richter to senior vice president and chief financial officer.Richter has been with Weingarten for 20 years and most recently was responsible...