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...

April 10, 2000 Thomas W. Kitchin has taken a 5.7 percent stake in Jameson Inns Inc. (Nasdaq: JAMS) by buying 72,727 shares of preferred stock in the REIT.Kitchin, along with his wife, owns Jameson Residential Development Co. LLC,...

April 10, 2000 Warren Buffet has taken a 5.1 percent interest in JDN Realty (NYSE: JDN), with the purchase of 1.7 million shares.Buffet's purchase was outlined in a Form SC 13 G that was filed with the SEC.

April 10, 2000 Disney to sell properties to raise cash The Orlando Sentinel, April 10ORLANDO, Fla. – In a move to raise cash for its resort, Walt Disney World is looking to sell a shopping center – possibly...

April 10, 2000 Developer unloading unbuilt complexThe Vancouver Sun, April 9 VANCOUVER – Developer Brent Kerr is looking to sell his 50 million Canadian dollar (US$34.3 million) downtown complex even before construction begins. Colliers International is listing the...

April 10, 2000 Bank of America, which was part of a group that invested $75 million of equity in Buzzsaw.com Inc., said its construction lending operation would use the Web site to streamline its lending process.BofA expects its...

April 10, 2000 CHARLOTTE, N.C. – Banc of America Securities LLC has added three former Chase Manhattan Bank executives to its CMBS Capital Markets unit. William Leamon, Christopher LaBianca and Sal Torre, each of whom worked on mortgage...

April 10, 2000 CHICAGO – Robert C. Spoerri, the former chief executive of Jones Lang LaSalle Americas, has joined Comro.com as chairman and chief executive.Spoerri, who retired from Jones Lang last May, is taking the title of chief...

April 7, 2000 LOS ANGELES – 2dmkt.com, which specializes in the marketing of commercial mortgages via the Internet, has $352 million of mortgages listed for sale on its Web site.The mortgages, in two portfolios, are all performing. The...

April 7, 2000ATLANTA – Cousins Properties Incorporated (NYSE: CUZ) has promoted Thomas H. Kirbo to vice president – director of leasing for Cousins/Richmond, its medical office division.In this position, Kirbo will be responsible for the predevelopment leasing and...