April 26, 2000 SAN JOSE, Calif. – Online auction company eBay Inc. has struck an unusual lease at its San Jose headquarters that gives it financial flexibility and the ability to expand when it needs to.The company struck...

April 26, 2000 An affiliate of Blackstone Real Estate Advisors has paid $243 million, or $204,000 per unit, for the Westin St. Francis hotel in San Francisco.The 1,192-unit hotel was sold by Starwood Hotels & Resorts (NYSE:HOT), which...

April 25, 2000 CHARLOTTE, N.C. – Boddie-Noell Properties Inc. (Amex:BNP) has changed its name to BNP Residential Properties Inc.The REIT made the change to better reflect its business operations. When it was founded in 1987, the firm owned...

April 25, 2000 Go 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.LifeGuidance(BP)BnchMarkA-19625.75AAAAAA5.6L+24-26Int. Swap*A-2485.525.75AAAAAA10L+38-40Int. SwapB39.220.75AAAA10L+50-55Int. SwapC35.216.25AA10L+62-70Int. SwapD11.714.75A-A-10L+72-75Int. SwapE25.511.5BBBBBB10+240 areaTreas.F-11.710BBB-BBB-10+285 areaTreas.X**783.09N/AAAArAAA10+400Treas.* Guidance was issued against the interpolated swap spread in classes...

April 25, 2000 After years of trouble, Terremark sells Grove headquartersThe Miami Herald, April 25COCONUT GROVE, Fla.– Terremark Centre has been sold for $58.8 million. which calculates to $200 per square foot, a record price for commercial Miami...

April 25, 2000Scaled down convention proposal exploredThe Ottawa Citizen, April 25 OTTAWA – Planners are developing a cheaper, less controversial proposal for expanding convention facilities at the Rideau Centre, scrapping plans to bury part of Colonel By Drive...

April 25, 2000 Asset Investors Corp. (NYSE:AIC) and Commercial Assets Inc. (AMEX:CAX), which have agreed to merge, have filed a joint proxy statement with the SEC.A majority of shareholders from both companies must approve the plan for Commercial...

April 25, 2000 MGI Properties (NYSE:MGI) has recovered $22.6 million from the sale of an Aurora, Ill., shopping center. The 362,000-square-foot shopping center was sold to M&J Wilkow Properties Inc. The sale, which was detailed in a Form...

April 24, 2000 Impac Commercial Holdings Inc. (AMEX:ICMH) has made $11.6 million available to buy back more than 2 million shares of its outstanding stock at $5.75 per share.The offer stands until May 19, at which time Impac...

April 24, 2000 TORONTO – Goldman Sachs Group Inc. has invested in Elevator News Network, which provides news via monitors installed in office building elevators.Elevator News is one of several Internet, or new media companies that Goldman has...

April 24, 2000 ROCKVILLE, Md. – Criimi Mae Inc. (NYSE:CMM) has sold $289.7 million of commercial mortgage-backed securities from First Union-Lehman Brothers-Bank of America, 1998-C2 to an affiliate of Lehman Brothers for about $140 million.Criimi had carried the...

April 24, 2000 CHICAGO – Prime Group Inc. has agreed to sell 3.9 million shares of Brookdale Living Communities Inc. (Nasdaq:BLCI) to Fortress Investment Fund for a total of $58.8 million, or $15/share.Fortress can buy an additional 87,500...

April 24, 2000 Tishman Speyer Properties and Travelers Group are looking to sell a piece of the Chrysler Building and the adjoining 666 Third Avenue, which comprise some 2 million square feet in Midtown Manhattan.Eastdil Realty and Salomon...

April 24, 2000 LOS ANGELES – PhatPipe.com Inc. has launched an online service that gives property owners access to a variety of discounted services.The Carlsbad, Calif., firm aggregates technology products and services such as broadband access to the...

April 24, 2000CB Richard Ellis Investors is buying One North Lexington Ave. in White Plains, N.Y., on behalf of a separate account client.The pension fund adviser did not disclose a purchase price, but the 525,000-square-foot building is believed...

April 24, 2000 Triangle landlords offer creative leases to tech start-upsThe Charlotte Observer, April 24CHARLOTTE, N.C. – To bring in new technology companies, Triangle landlords are shortening lease lengths, easing up on security deposits and even considering accepting...

April 24, 2000 Texas job picture still glowsDallas Morning News, April 24 DALLAS – Texas added 45,000 jobs last month and recorded its lowest Marchunemployment rate in twenty years. The statewide unemployment rate was unchanged from March 1999....

April 24, 2000Joseph G. Beard, through entities he controls, has taken a 6.6 percent stake in Glenborough Realty Trust Inc. (NYSE:GLB).The Dallas investor detailed his 2 million-shares interest in the REIT in a Form SC 13D/A that was...

April 24, 2000SOUTHFIELD, Mich. – A venture between Ramco-Gershenson Properties Trust (NYSE:RPT) and Investcorp International has paid $16.5 million for East Town Plaza in Madison, Wis.The shopping center, the third acquisition by the joint venture, is anchored by...

April 24, 2000 ATLANTA – Abrams Industries Inc. sold its former manufacturing facility in Douglas County, Georgia, for about $11 million to Gazelle LLC. Gazelle of Redwood City, California, intends to convert the property to an Internet infrastructure...

April 24, 2000 NEW YORK – Standard & Poor's raised the servicer ratings of CapMark Services LP and Lend Lease Asset Management LP.The ratings of the two former Amresco Inc. units were removed from CreditWatch, where they were...

April 20, 2000 NEW YORK – CapitalEngine.com has hired Edward J. McGovern, former vice president of Greenwich Group International, to head up a new office in the Washington, D.C., area.McGovern was responsible for both equity and debt financing...

April 20, 2000 BOCA RATON, Fla. – Atlantic Gulf Communities Corp. (OTC Bulletin Board:AGLF ) could be forced to file for bankruptcy protection if it is unable to retire some of its debt.The company made the warning today...

April 20, 2000 DENVER – Archstone Communities (NYSE:ASN) has paid $58.5 million for Studio Colony, a 450-unit apartment complex in West Los Angeles. The purchase is part of Archstone's plan to purchase apartment properties in urban "in-fill," or...

April 20, 2000 FORT WORTH, Texas – Dennis Alberts, president and chief executive of Pacific Retail Trust, has been named president and chief operating officer of Crescent Real Estate Equities Co. (NYSE:CEI)As president and COO, Alberts will work...