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 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 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 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 7, 2000 By Tim Shorrock, Asian Assets Direct Managing EditorTOKYO – Real estate investment trusts are drawing intense interest from foreign investment banks and could add billions of dollars in liquidity to the stagnant Japanese market, experts...

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...

April 7, 2000 Amerivest Properties Inc. (AMEX:AMV) has dismissed its principal accountant and hired Arthur Andersen LLP.The REIT did not provide a reason for the change but did say in a Form 8-K, "There have been no disagreements...

April 7, 2000 Hotel deal adds high-speed Internet access to room serviceThe Vancouver Sun, April 7 VANCOUVER – Kentucky-based Darwin Networks and Vancouver-area Cinema Internet Networks Inc. will partner to provide high-speed Internet access to more than 800...

April 7, 2000 Tamara Hughes Gustavson has taken a 27.4-percent stake in Public Storage Inc. (NYSE: PSA), with a purchase of 1.2 million shares for about $23.3 million.Gustavson and her other partners in Bermuda-based PS Insurance Co. Ltd....

April 7, 2000 Daytona Beach looking west for development The Daytona Beach News-Journal, April 7DAYTON BEACH, Fla. – Future plans for the west side of the city could include an industrial park, if the city approves a developer's...

April 7, 2000 The Edward and Abigail Johnson have taken a 6.9 percent stake in Glenborough Realty Trust Inc. (NYSE:GLB) with the purchase of 2.1 shares.The FMR Corp., of which Edward Johnson holds 12 percent and Abigail Johnson...

April 7, 2000 NASHVILLE, Tenn. – Pacific Life Insurance Co. has offered to inject $200 million of equity into Prison Realty Trust Inc. (NYSE:PZN). An investment team comprised of Fortress Investment Group LLC, Blackstone Group and Bank of...