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.

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 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...

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,...

March 31, 2000 Convention center heads west The Vancouver Sun, March 31 VANCOUVER – A task force studying ways to bring more convention space to Vancouver unveiled a plan for a smaller project on the west side of...

March 31, 2000 Florida REIT puts business park on market The Atlanta Journal-Constitution, March 31ATLANTA – Crocker Realty Trust of Boca Raton is shopping 1.2 million square feet of business park space throughout six projects in the area...

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...