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 5, 2000 ATLANTA – Wells Real Estate Investment Trust has paid $14.3 million, or $110/sf, for 15501 North Dial Boulevard in Scottsdale, Ariz., which serves as Dial Corp.'s headquarters.Dial leases the three-year-old building, which has 130,000-square-feet, for...

April 5, 2000 MENLO PARK, Calif. – Spieker Properties Inc. (NYSE:SPK) said it will immediately start construction of the first phase of Skyport Plaza office development, at the entry of San Jose International Airport.The mixed-use project will contain...

April 5, 2000A group led by Steven M. Lowy has taken an 82.1 percent stake in Westfield America Inc. (NYSE: WEA).According to an amended Form SC 13D filed today with the SEC, the group holds 73.9 million shares...

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 5, 2000 By Thomas J. Walsh, IPGDirect.com Senior WriterA $109.7 million, single-class securitization backed by two credit-tenant leases is currently being marketed by Donaldson, Lufkin & Jenrette. The two properties are research and development facilities that are...

April 5, 2000 NEW YORK – SL Green Realty Corp. (NYSE:SLG) has acquired a $51.9-million subordinate participation interest in a first mortgage on 2 Grand Central Tower.Credit Suisse First Boston holds the mortgage on the property, which is...

April 5, 2000 WASHINGTON – The U.S. unit of a Spanish hotel company is paying $325 million for a portfolio of 16 hotels owned by Bedrock Partners, a Dallas investment firm.Barcelo Hotels USA's acquisition of the Wyndham Garden...

April 5, 2000 TrizecHahn invests $160 Mln in Global Switch The National Post, April 5 TORONTO – Wasting no time after divesting much of its Canadian real estate, TrizecHahn Corp. unveiled its expected move into technology, saying it...

April 5, 2000 ATLANTA – IRT Property Co. (NYSE: IRT) has promoted James G. Levy to executive vice president and chief financial officer, effective immediately.Levy, who most recently served as senior vice president and chief accounting officer of...

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 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 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 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.