May 3, 2000 Clarion Partners purchases Lenox BuildingThe Wall Street Journal, May 3 ATLANTA – Clarion Partners has purchased the Lenox Building from Simon Property Group for an institutional client. According to people with knowledge of the deal,...

May 3, 2000 NEW YORK – RealPulse.com, the new real estate technology firm that until now has been secretive about its plans as it has hired away top commercial mortgage industry leaders, today announced plans for an interactive...

May 3, 2000 OXNARD, Calif. – The board of directors of LTC Properties Inc. (NYSE: LTC) has adopted a stockholder rights plan but says that action was not taken in response to any offers to acquire the company.Under...

May 3, 2000 1st-Qtr 001st-Qtr 99FFO $15.4 mln$14.5 mlnFFO/shr (diluted) $0.63 $0.59 Net Income $25.9 mln $7.3 mlnNet/shr$1.23 $0.32 Revenue$30.8 mln $30.5 mln Shares outst.24.5 mln 24.5 mln

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 2, 2000 O & Y set to go with skyscraperThe Toronto Star, May 2TORONTO – O & Y Properties Corp. is planning to build the first office project downtown since the recession of the early, with a...

May 2, 2000TEJON RANCH, Calif. – Tejon Ranch Co. (NYSE: TRC), one of the largest contiguous land owners in California, has reached an agreement with IKEA for the sale of an 80-acre site on which IKEA will build...

May 2, 2000 NEW YORK – Fitch IBCA has placed all rated classes in Commercial Capital Access One's commercial mortgage bonds series 2 and 3 on "rating alert evolving."Fitch IBCA does not rate the class E, F, or...

May 2, 2000CHICAGO – PricewaterhouseCoopers-BPO Solutions LLC has signed a lease for 19,920 square feet at 175 W. Jackson as the renovation of the 1.4 million-sf structure, formerly the Insurance Exchange Building, nears completion.Although terms of the lease...

May 2, 2000 (NewsTraders.com) -- Public Storage (NYSE:PSA), which made an overture in mid-April to acquire Shurgard Storage Centers (NYSE:SHU), appears to have received the cold shoulder from its smaller rival.In an amended Schedule 13D filing this morning,...

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 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.