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...

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...

April 28, 2000 SAN DIEGO, Calif. – Excel Legacy Corp. (AMEX:XLG) has identified about $110 million of properties and development projects that it plans to sell by the end of the year.The money generated from these sales will...

April 28, 2000 PHOENIX – Spectrum Astro Inc. bought 80 acres in Pivotal Group's 150-acre Fortune Center for $6.6 million.The Gilbert, Ariz., property will be developed into three buildings totaling 274,000 square feet. It will serve as the...

April 28, 2000 (NewsTraders.com) -- Donaldson Lufkin & Jenrette has raised CBL & Associates Properties (NYSE:CBL) to "buy" from "market perform" with a $27 price target.The Chattanooga, Tenn.-based real estate investment trust, or REIT, posted first-quarter earnings on...

April 28, 2000 SAN DIEGO – JER Partners, a real estate investment fund run by J.E. Robert Cos. of McLean, Va., has formed a venture with a California developer to construct a 1.4 million-square-foot mixed-use complex in San...

April 27, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorLa Curacao, a Los Angeles-area department store that caters to the Hispanic community, is opening its third store and has committed to leasing more than a third...

April 27, 2000 (NewsTraders.com) – Prudential Securities analyst Lou Taylor upgraded AvalonBay Communities (NYSE:AVB) to "strong buy" from "accumulate" today, citing reduced competition in many of the apartment REIT's markets.Taylor commented that new construction starts have declined, meaning...

April 27, 2000 Big Blue to open area headquarters in BocaThe Palm Beach Post, April 27BOCA RATON, Fla. – IBM announced plans Wednesday to open a South Florida headquarters on 13 acres at the Congress Avenue exit off...

April 27, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorPORTLAND, Ore. - Transwestern Investment Co. is proceeding with construction of a flex/industrial development despite concerns about an oversupply of commercial office space in Portland's tech-heavy Sunset...

April 27, 2000 Brookfield sells stake in Boston office propertiesNational Post, April 27 TORONTO – Brookfield Properties Corp. has sold its 49 percent interest in two Boston landmark properties to raise US$169million. Valued at $685 million, the two...

April 27, 2000 NEW YORK – Standard & Poor's has lowered its outlook on HRPT Properties Trust (NYSE:HRP) to negative from stable. The revision was prompted by HRPT's interest in Senior Housing Properties Trust (NYSE: SNH), an unrated...

April 27, 2000 NEW YORK – The weakening financial condition of Prime Retail Inc. (NYSE:PRT) has prompted Standard & Poor's to put the rating of a commercial mortgage-backed securities deal on its CreditWatch list with negative implications.The rating...

April 27, 2000 Associated PressCOLUMBUS, Ohio – The Gap Inc., the San Francisco-based specialty retailer, will build a $130 million office and distribution facility in the Groveport Commerce Center industrial park. The center, one of the largest of...

April 27, 2000 By Orest Mandzy, Commercial Real Estate Direct Managing EditorThe Lehman Brothers affiliate that acquired $140 million of subordinate commercial mortgage-backed securities from Criimi Mae (NYSE:CMM) has sold the bonds to Orix Real Estate Capital Markets....

April 27, 2000 NEW YORK – Sonnenblick-Goldman Co. has promoted Mark Gordon to the post of managing director and head of its lodging and leisure group. He has also been made a principal of the investment-banking boutique.Gordon, a...

April 27, 2000 (NewsTraders.com) -- Strome Investment Management and affiliates, which previously sought either the sale or liquidation of Wilshire Real Estate Investment (Nasdaq:WREI), appears to have dropped its activist intentions, instead opting to liquidate its 8.6% stake...

April 26, 2000 NEW YORK – American Mortgage Acceptance Co. (Amex:AMC) has acquired an FHA-insured mortgage on a Greenville, N.C., apartment community that is being developedIn addition to buying the $9 million mortgage, American Mortgage provided $1.5 million...