April 5, 2000 Office-space entrepreneur back in real estate game The Orlando Sentinel, April 5ORLANDO, Fla. – Orlando businessman James Heistand is buying 2 million square feet of office space and 38 acres of undeveloped land for $178...

April 5, 2000 NEW YORK – Standard & Poor's has assigned a preliminary single-A/single-A-minus rating to Weingarten Realty Investors' (NYSE:WRI) $389.5-million, mixed shelf registration and affirmed the shopping center REIT's single-A corporate credit rating. The outlook is stable.The...

April 5, 2000 ATLANTA – Wells Real Estate Investment Trust has paid $17.4 million for 8555 South River Parkway, a 95,133-square-foot office building in Tempe, Ariz., that serves as the headquarters for ASM Lithography Holding NV.ASM Lithography's lease...

April 5, 2000 Kensington Investment Group Inc. has filed a Proxy Statement with the SEC, effectively launching its proxy battle with Malan Realty Investors Inc.'s (NYSE:MAL) management. Kensington, which owns 10.3 percent of Malan's shares, is trying to...

April 5, 2000 ATLANTA – Wells Real Estate Investment Trust paid $16 million for 8075 South River Parkway in Tempe, Ariz., which is fully leased to Motorola's Satellite Communications division.The building was constructed in July 1998 and is...

April 5, 2000 STOCKHOLM, Sweden – Real estate firms Skanska and Vasakronan are carrying out major property deals in this city. Skanska is selling two office properties – Gamen 10 and Lagern 11 – to Vasakronan for a...

April 5, 2000 Michael and Richard Kelly, principals of First Commercial Corp., a San Diego mortgage trading firm, have accumulated a 5 percent interest in Dynex Capital Inc. (NYSE:DX)The Kelly's investment in Dynex was detailed in a Schedule...

April 5, 2000 Criimi Mae Inc. (NYSE:CMM) has moved another two steps closer to emerging from bankruptcy.Last week, the District Court for the District of Maryland dismissed a class action suit that charged officers and directors of the...

April 5, 2000 BALTIMORE – Prime Retail Inc. (NYSE:PRT) said it does not expect to make any distributions on its common shares or limited partnership units of Prime Retail LP during 2000.The REIT, however, said it would make...

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 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 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.