April 12, 2000 (NewsTraders.com) – The other shoe fell at JDN Realty (NYSE:JDN), which this morning announced a second round of financial incongruities, resulting in a brokerage downgrade from A.G. Edwards, which sliced its rating on the stock...

April 12, 2000 SOMERSET, N.J. – PNC Real Estate Finance has arranged a total of $181.5 million of construction financing for two Northern New Jersey office complexes being developed by SJP Properties of Parsippany, N.J.PNC is leading a...

April 12, 2000 By Orest Mandzy, Commercial Real Estate Direct Managing EditorLend Lease is forming an investment fund that will buy high-yielding commercial mortgage-backed securities, primarily those rated double-B.The fund, which could raise $100 million of equity, or...

April 12, 2000 Associated PressMONTREAL (CP) – The Canadian police are seeking former Montreal businessman Wolfgang Stolzenberg, who is wanted on a Canada-wide arrest warrant on 41 charges of fraud and conspiracy. The police allege he caused about...

April 12, 2000 Associated PressNEW ORLEANS – Crescent Real Estate Equities (NYSE:CEI) has exited the New Orleans market with the sale of the Freeport-McMoRan Building to a partnership of Louisiana investors and a Chicago real estate company for...

April 12, 2000 WEST CONSHOHOCKEN, Pa. – Keystone Property Trust (Amex:KTR) sold a 214,600-square-foot industrial property in East Brunswick, N.J., for $9.3 million. Keystone had purchased the property for $7.7 million when its purchased Reckson Morris Industrial Trust...

April 12, 2000 (NewsTraders.com) -- Resource Asset Investment Trust (Amex:RAS) fell a step in Friedman Billings Ramsey's rating chart as analyst Charles Post lowered the stock to "accumulate" from "buy."Post said he made the adjustment after the Philadelphia...

April 12, 2000 GREAT NECK, N.Y. – A unit of One Liberty Properties Inc. (AMEX:OLP) has paid $11.9 million for a 402,200-square-foot manufacturing building and a 56,000-sf office building in Hanover, Pa. The property was acquired with existing...

April 12, 2000 Developers designing e-business parkThe Florida Times-Union, April 12JACKSONVILLE, Fla. – Developers are designing a three-building business park called Jaxoffices.com. The Jacksonville Planning and Development Department is reviewing plans filed late last week for a 7.2-acre...

April 12, 2000 ATLANTA – JDN Realty Corp. (NYSE:JDN) will not file its annual report with regulators on April 14 as it had expected because an investigation into discrepancies into certain lease and sale transactions by a special...

April 11, 2000 Associated PressTOKYO (Kyodo) – Dai-Ichi Hotel Ltd., a financially troubled hotel franchise operator, today unveiled a restructuring plan after warning investors that it expects a capital deficit for the year ending March 31. Listed on...

April 11, 2000 Hearst Corp. is looking for a tenant to lease some of the 180,000 square feet of space at 11 East 57th Street that upscale retailer Hermes will soon vacate.According to the New York Post, Newmark...

April 11, 2000 Affiliates of General Motors have agreed to make a $50 million investment in Lend Lease Real Estate Hyperion High-Yield Commercial Mortgage Fund Inc., which purchases commercial mortgage-backed securities.The GM affiliates are led by General Motors...

April 11, 2000 B.C. fine place for tech firms, study saysThe Vancouver Sun, April 11VANCOUVER – British Columbia can compete with U.S. cities for high-tech companies and professionals despite the province's high income and business taxes, according to...

April 11, 2000 MELBOURNE, Australia – Standard & Poor's placed the double-A long-term and A1-plus short-term corporate credit ratings for Lend Lease Corp. Ltd. (ASX:LLC.AX) on CreditWatch with negative implications.The action is a result of Lend Lease's agreement...

April 11, 2000 Affiliates of Goldman Sachs' Whitehall Street Real Estate LP, has accumulated a 20.7 percent interest in Wellsford Real Properties Inc. (AMEX:WRP) The interest was detailed in a Schedule 13D that was filed with the SEC.

April 11, 2000 1st-Qtr 001st-Qtr 99Extra Gain (Loss) -- ($0.3 mln) Net Income $1.2 mln $7.4 mln Net/shr$0.08$0.52 Revenue$3.1 mln$18.8 mln Shares outst.13.8 mln 13.8 mln

April 11, 2000 MCLEAN, Va. – General Motors Acceptance Corp. has committed to provide a $100 million revolving credit facility to Capital Automotive REIT (Nasdaq:CARS).The one-year facility, which can be renewed annually, will carry a rate pegged to...

April 11, 2000 Deals: Teachers fund acquires distribution center The Atlanta Journal-Constitution, April 10ATLANTA – Teachers Insurance and Annuity Association has acquired the Satellite Distribution Center in Gwinnett County for $19.4 million, or about $39 per square foot....

April 11, 2000 Associated PressTORONTO – British housing and property group Taylor Woodrow PLC is offering 206 million Canadian dollars (US$142 million) for the 45 percent of Canadian real estate company Monarch Development Corp. that it doesn't already...

April 11, 2000 (NewsTraders.com) -- Prudential analyst Joseph Coccimiglio initiated coverage of Marriott International (NYSE:MAR) and Four Seasons (NYSE:FS) this morning, assigning the hotel operators "accumulate" ratings and respective $39 and $57 price targets.The analyst also upgraded Starwood...

April 11, 2000 NEW YORK – CapitalEngine.com has hired three executives as part of a plan to beef up its origination capabilities.The Web site, which was launched earlier this year by Greenwich Group International, hired Peter Gruber, former...

April 11, 2000 By Dennis Ng, The Hong Kong StandardHONG KONG – Midland Realty (Holdings) will become the largest operator of real-estate services in the territory after it acquires one of its major rivals, Hong Kong Property Agency,...

April 10, 2000 LOS ANGELES – CB Richard Ellis Strategic Partners LP has completed two purchases totaling $100 million.The investment fund, which pursues value-added opportunities, paid $85 million for Bridgeview Towers, a luxury apartment/condominium complex in the south-of-Market...

April 10, 2000 Associated PressNEW YORK – French bank Credit Lyonnais SA has agreed to buy the remaining 80-percent share of a 45-story Manhattan office building for more than $700 million. Credit Lyonnais purchased its initial 20-percent stake...