March 27, 2000 CHICAGO – Equity Office Properties Trust (NYSE:EOP) sold an unimproved site at 3300 West Olive Street in Burbank, Calif., for about $20 million.The site was sold to M. David Paul & Associates, a Los Angeles...

March 27, 2000 Go To Moody's Presale Report.Go To Fitch IBCA Presale Report.LB-UBS Commercial Mortgage Trust 2000-C1ClassAmount($mln)Sub. Level(%)RatingMoody'sRatingFitchAvg.LifePrice Talk(BP)BnchMarkA-139520.25AaaAAA5+33 area1-mo. LiborA-2698.320.25AaaAAA10+45 area1-mo. LiborB75.414.75Aa2AA10+172 areaTreas.C51.411A2A10+187 areaTreas.D20.59.5A3A-10+197 areaTreas.E13.78.5Baa1BBB+10+217 areaTreas.F13.77.5Baa2BBB10+227 areaTreas.G12.36.6Baa3BBB-10+260 areaTreas.X*1.37 bilN/AAaaAAA--+350-375Treas.*Interest only.

March 27, 2000 (NewsTraders.com) -- Financial services company Finova Group (FNV) was lowered to "outperform" from "buy" today by Salomon Smith Barney, according to a source at the brokerage.Early this morning, Finova said first-quarter earnings would miss Wall...

March 27, 2000 Visa International division to get high-tech Miami HQThe Sun-Sentinel, March 27MIAMI – Visa International's Latin American and Caribbean division has broken ground on its new 170,000-square-foot headquarters building just south of Miami Airport at NW...

March 27, 2000 Teachers leaves Cadillac alone to pick CEOThe Globe and Mail, March 27 TORONTO – Peter Sharpe, a longtime executive at Cadillac Fairview, is expected to be named CEO of Canada's largest mall owner today, a...

March 27, 2000 TORONTO – TrizecHahn Corp. (NYSE:TZH) has agreed to sell most of its Canadian office properties for $1.7 billion and plans to sell certain U.S. properties that it terms "non-core."In an announcement this morning, the Toronto...

March 27, 2000 ROCHESTER, N.Y. – Home Properties (NYSE:HME) has put Conifer Realty Corp., its affordable housing development unit, in play.The REIT said it would consider a public spin-off of the unit or a sale of all or...

March 27, 2000 NEW YORK – Jeffrey G. Hoppen, who formerly headed up debt and equity-raising activities for Starwood Financial (NYSE:SFI), has joined CapitalThinking Inc. as managing director in charge of business development.CapitalThinking is an online mortgage origination...

March 24, 2000 AmSouth, law firm interested in Highwoods building downtownFlorida Times-Union, March 24JACKSONVILLE, Fla. – AmSouth bank and the Foley & Lardner law firm are both contemplating a move into a new downtown office building, pending decisions...

March 24, 2000 TrizecHahn in talks to sell Canadian assetsThe Globe and Mail, March 24 TORONTO - Real estate giant TrizecHahn Corp. is in talks to sell its major Canadian office assets, including all of its Calgary holdings....

March 24, 2000 FAIRFIELD, N.J. – Prime Hospitality Corp. (NYSE:PDQ) has agreed to buy leasehold interests in 27 Sumner Suites hotels from Sholodge Inc.Prime, which plans to convert the properties into AmeriSuites hotels, will operate them under agreements...

March 24, 2000 By Debra Beachy, IPGDirect.com CorrespondentHOUSTON – Demand for Houston's warehouse space continues to rise, and now retailers are getting on the bandwagon, according to real estate brokers.Factory outlet retailers are renting warehouse space in largely...

March 23, 2000 ROCHESTER – Home Properties (NYSE:HME) has paid $14.4 million for two apartment complexes, Deerfield Woods and Macomb Manor, which combined have 360 units in suburban Detroit.The two properties were purchased from Schostak Brothers & Co.,...

March 23, 2000 Report: Infrastructure needed for high-tech businessesThe Ottawa Citizen, March 23 OTTAWA – The region needs a long-range plan for providing commercial lands, transportation and other infrastructure to foster continued growth in the high-tech economy, according...

March 23, 2000 SAN FRANCISCO – AMB Property Corp. (NYSE:AMB) has raised $20 million through the private placement of 7.95 percent series F cumulative redeemable preferred shares. The preferred cannot be redeemed before March 22, 2005. At that...

March 23, 2000 Mall proposed for Coweta might not open until 2004The Atlanta Journal-Constitution, March 23NEWNAN, Ga. – CBL & Associates of Chattanooga has planned to build a 1.3 million-square-foot mall on 150 acres west of I-85 in...

March 23, 2000 BOSTON – FleetBoston Robertson Stephens, a unit of FleetBoston Financial, has arranged a $175 million mezzanine facility for Olympus Real Estate Corp.Olympus used the debt to finance its $1.7 billion purchase of Walden Residential Properties...

March 23, 2000 NEW YORK – Starwood Financial Inc. (NYSE:SFI) has acquired American Corporate Real Estate LLC, an investment advisory operation that invests on behalf of William E. Simon & Sons.Starwood issued 215,000 common shares to American Corporate's...

March 23, 2000 By Orest Mandzy, IPGDirect.com Managing EditorKennedy-Wilson Inc. (NASDAQ:KWIC), which earlier this week completed the purchase of a $275 million portfolio of loans from a Japanese life insurance firm, is expected to complete the purchase of...

March 23, 2000By Susanna Potter, IPGDirect.com Editorial AssistantHOUSTON – Litigation is again holding up the sale of a majority interest in a 1.3 million-square-foot, Class-A office building in downtown Houston.FirstCity Liquidating Trust (OTC:FCFCL) is trying to sell its...

March 23, 2000 LONDON – Blue Circle Industries PLC (London: BCI), a British concrete company with extensive real estate holdings in England that is fighting off an aggressive buyer, is posting a document to its shareholders today, describing...

March 23, 2000 MARKHAM, Ontario – Brookfield LePage Johnson Controls has signed a 2 billion Canadian dollar (US$1.36 billion), five-year agreement to manage the Canadian real estate operations of Royal Bank Financial Group.Brookfield will provide real estate operations...

March 23, 2000 Associated PressOKLAHOMA CITY – A controversial effort is still under way to have the state acquire the Lincoln Park Plaza Office Park in Oklahoma City. The Senate General Government Committee voted 6-2 on Wednesday to...

March 22, 2000 Midtown tower clears finance hurdleThe Atlanta Journal-Constitution, March 22ATLANTA – Pope & Land Enterprises has secured financing for Atlantic Center Plaza, a 500,000-square-foot office tower at West Peachtree and 14th Street. The Cobb County-based developer...

March 22, 2000NORTHBROOK, Ill. – Grubb & Ellis Co. (NYSE:GBE) has entered into a joint venture with affiliate Grubb & Ellis/Pacific Realty to form Grubb & Ellis/Las Vegas.The Las Vegas area has been one of the fastest-growing regions...