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 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...

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....

March 31, 2000Associated PressPITTSBURGH – Oxford Development Corp. has signed a contract to purchase CNG Tower and received permission to move forward with plans to build a new FBI office building in the city. While neither deal is...

March 31, 2000 By Phil West, AP Business Writer NASHVILLE, Tenn. – The executive who became synonymous with private prisons likely will be on the outside looking in after Prison Realty Trust Inc.'s annual meeting. Doctor R. Crants...

March 31, 2000 Crocker Realty Trust of Boca Raton, Fla., is looking to sell seven commercial properties with 1.2 million square feet in the Atlanta region, according to the Atlanta Journal-Constitution.The firm is marketing the space through Cushman...

March 31, 2000 By Phil West, AP Business WriterNASHVILLE, Tenn. – The world's largest for-profit prison operator reported a 1999 loss of $53.3 million and said losses and pressure from creditors put its future in doubt. Prison Realty...

March 31, 2000 Associated PressREDSTONE, Colo. – The Redstone Castle, which sits on a 150-acre parcel here, is set to be auctioned once again on Sunday.Auctioneers were uncertain how much money the property, which has had three owners...

March 31, 2000 LOS ANGELES – Infonet Services Corp. has paid $33 million, or $211.50/sf for its newly built corporate headquarters in El Segundo, Calif.The 156,000-square-foot office building was purchased from Kearny Real Estate Co., which developed it...

March 31, 2000 SAN FRANCISCO – Cornerstone Properties Inc. (NYSE:CPP) has sold two Walnut Creek, Calif., office buildings for $27 million through two separate transactions.An unidentified local investor paid $14.4 million, or about $173 per square foot, for...

March 31, 2000 KENNILWORTH, N.J. – The largest stockholder of real estate developer Castle and Cooke (NYSE:CCS) is looking to take the company private in a deal valued at $214 million, or $17 per share, in cash. David...