April 5, 2000 CHICAGO – Andersen Consulting has leased 131,201 square feeet at 180 North LaSalle Street, a 770,000 square foot office building in downtown Chicago that is owned by Prime Group Realty Trust (NYSE:PGE).Although terms of the...

April 5, 2000 NEW YORK – SL Green Realty Corp. (NYSE:SLG) has sold an interest in 321 West 44th Street to Morgan Stanley Real Estate Fund III in a deal that values the building at $28.4 million.SL Green...

April 4, 2000 (NewsTraders.com) -- Following Amresco Capital Trust's (Nasdaq:AMCT) report that its board had approved a plan of liquidation -- and being of the opinion that the risks in liquidating the REIT are built into the stock...

April 4, 2000 GMAC Commercial Mortgage helped investor Ken Natori raise $51 million of debt and equity financing to buy 1 East 57th Street in Midtown Manhattan from Daiichi Real Estate. GMAC raised an undisclosed amount of equity...

April 4, 2000 Lucent to build campus in Miramar The Miami Herald, April 4MIRAMAR, Fla. – Lucent Technologies will unveil plans on Thursday for a major campus that will consolidate its regional and Latin American operations. A New...

April 4, 2000 Kennedy-Wilson Inc. (Nasdaq:KWIC) has paid about $5 million for two apartment buildings just outside of central Tokyo – its first purchases of Japanese apartments.The firm, which is best known as a broker of investment-grade properties...

April 4, 2000 Westin opens in Whistler The Vancouver Sun, April 4 WHISTLER, B.C. – The Westin Hotel, the initial phase of a Westin Resort & Spa, opens today in this resort town. The new hotel features 419...

April 4, 2000 SAN FRANCISCO – An analysis by Banc of America Securities LLC hs determined that commercial real estate values could climb by 15-20 percent as the industry adopts Internet-based electronic commerce applications.Christopher Hartung, a managing director...

April 4, 2000 NEW YORK – Duff & Phelps Credit Rating Co. has placed $167.5 million of TrizecHahn Corp.'s senior unsecured notes, currently rated triple-B-minus, on Rating Watch – Down for potential downgrade.The move was prompted by TrizecHahn's...

April 4, 2000 MILL VALLEY, Calif. – An affiliate of Redwood Trust Inc. (NYSE: RWT), Redwood Commercial Funding Inc., has established a $50 million revolving commercial mortgage loan warehouse facility with Residential Funding Corp., a subsidiary of GMAC.Redwood...

April 4, 2000 The Department of Housing and Urban Development plans to award due diligence contracts for a $1 billion loan offering to firms that have already been qualified to work for it. A story published Monday in...

April 4, 2000 (NewsTraders.com) – Billionaire investor Warren Buffett filed with the SEC yesterday to report holding a 5.05 percent equity stake in Aegis Realty (AMEX: AER), a New York REIT.In a Form 13G filing, Buffett disclosed ownership...

April 4, 2000 TORONTO – TrizecHahn Corp. (NYSE: TZH) has agreed to pay $160 million for a third of Global Switch International Ltd., a London company that builds and manages carrier hotels – facilities that house telecommunication equipment....

April 3, 2000 IBM to sell office complex The Business Journal of Charlotte, April 3CHARLOTTE, N.C. – IBM plans to sell its 1.9 million-square-foot University Research Park complex for an estimated $93 million to The Meridian Group, a...

April 3, 2000 MANHATTAN BEACH, Calif. – Center Trust Inc. (NYSE:CTA) has obtained a $200 million secured credit facility from GE Capital Real Estate. The facility replaces a facility that would have matured on Dec. 31. That facility...

April 3, 2000 ATLANTA – An agreement that Chastain Capital Corp. (Nasdaq:CHAS) had to sell the Lakeside Plaza, a retail property in Stockton, Calif., for $3.5 million has fallen through because the prospective buyer could not come up...

April 3, 2000 Kennedy-Wilson Inc. (Nasdaq:KWIC) has purchased another portfolio of Japanese loans. This time, the Beverly Hills, Calif., firm bought $100 million of distressed loans from a "major Japanese trust bank," according to the firm. It paid...

April 3, 2000 NEW YORK – Starwood Financial Inc. (NYSE:SFI) has increased its quarterly common stock dividend to 60 cents/share from 42 cents/share. The dividend is payable April 28 to holders of record April 14.

April 3, 2000 A high-tech haven for Toronto?The Globe and Mail, April 3TORONTO – Robert Fung, an investment banker and chairman of the Toronto Waterfront Revitalization Task, wants to turn an unused stretch of land along the city's...

April 3, 2000 (NewsTraders.com) -- Prime Retail (NYSE:PRT) sagged to "market perform" from "accumulate" in the opinion of Friedman Billings Ramsey analyst Charles Post, who cited a host of difficulties, including the company's weakened fundamentals and its non-compliance...

April 3, 2000 NEW YORK – CapitalThinking Inc., a mortgage-lending site, has raised $15 million of capital, its second round of venture capital financing, from a group led by Bessemer Venture Partnes and RRE Ventures. Starwood Financial Inc....

April 3, 2000 Following are excerpts from PricewaterhouseCoopers' inaugural issue of Real Estate Value Cycles, which was put together by the firm's Strategic Real Estate Research Group.The national office market has undoubtedly reached its peak and begun its...

April 3, 2000 PaineWebber Group's real estate investment banking unit has been consolidated under the helm of Jack Taylor, who formerly co-headed the group with Terry Fancher. Both are managing directors.Taylor now oversees the firm's commercial mortgage-backed securities,...

April 3, 2000 NEW YORK – Acadia Realty Trust (NYSE:AKR) has received a $59 million secured financing line from Dime Savings Bank of New York FSB.About $30 million was used to pay off what remained of a $53...

March 31, 2000 By Watcharapong Thongrung, The Nation BANGKOK, Thailand – The SSP Group is negotiating with some interested investors to sell part of its stake in five hotels, according to company director Somchai Leeswadtrakul. The SSP Group,...