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...

March 22, 2000 Westmount mall undergoing renovationThe Edmonton Journal, March 22 EDMONTON – The Westmount shopping centre is undergoing a $30 million renovation and a name change to Westmount Centre. The renovation, expected to be completed by summer,...

March 22, 2000 WESTCHESTER, N.Y. – Nestle USA Inc. has sold a multi-tenant office complex here to La Salle Investment Advisors for $47.5 million, or about $170 per square foot.The 280,000-sf building sits on 35 acres at 100...

March 22, 2000 Japan's Ministry of Finance and Ministry of Construction have proposed legislation that will likely result in the formation of real estate investment trusts in the island nation. The two ministries have presented a bill to...

March 22, 2000 NEW YORK – Lexington Corporate Properties Trust (NYSE:LXP) has acquired a 56,500-square-foot office facility in Hampton, Va., for about $6.7 million, $4.6 million of which was satisfied with a mortgage. The price works out to...

March 22, 2000 FLINT, Mich. – Read P. Dunn has formed a new business venture called Great Lakes Real Estate and Commercial Mortgage Co., aiming to provide expanded access to commercial real estate financing by local businesses and...

March 22, 2000 By Thomas J. Walsh, IPGDirect.com Senior WriterUnderwriters of a $1.37 billion commercial mortgage-backed securities deal by Lehman Brothers and Warburg Dillon Read have delayed issuing price guidance on the deal until Monday morning. An unusually...

March 22, 2000 Daiichi Real Estate has sold its 15-story building at 1 East 57th St. in Midtown Manhattan to New York investor Ken Natori for $51 million, the Wall Street Journal reported today.The 91,000-square-foot property, also known...

March 22, 2000 HOUSTON – Dana Commercial Credit Corp. and Weingarten Realty Investors (NYSE:WRI) have formed a joint venture to acquire up to $200 million of real estate assets using a "limited" amount leverage. The joint venture will...

March 22, 2000 CHICAGO – Equity Office Properties Trust (NYSE:EOP), through its limited operating partnership, has completed issuing $500 million of 8.375 percent senior unsecured notes, due 2006.The sale resulted in net proceeds of about $496 million, which...

March 22, 2000 LOS ANGELES – Imperial Credit Commercial Mortgage Investment Corp. (Nasdaq:ICMI) stockholders have approved the company's merger with a wholly owned subsidiary of Imperial Credit Industries Inc. (Nasdaq:ICII).Upon completion of the merger, which is expected to...

March 22, 2000 NEW YORK – Kennedy-Wilson Inc. (Nasdaq:KWIC) has purchased a $275 million loan portfolio from what it termed a "major Japanese life insurance company."The Beverly Hills, Calif., company said it paid less than $27.5 million, or...

March 21, 2000 Tishman Speyer Properties has agreed to buy the MGM Plaza in Santa Monica, Calif., for about $360 million, or about $330/sf, according to the Los Angeles Times.The 1.1 million-square-foot trophy office complex is being sold...

March 21, 2000 CHATTANOOGA, Tenn. – CBL & Associates Properties Inc. (NYSE:CBL) has sold two shopping centers for $19 million.CBL built the 203,000-square-foot Fiddler's Run located in Morganton, N.C., last year. The REIT had not been marketing the...

March 21, 2000 ATLANTA – Chastain Capital Corp. (NASDAQ:CHAS) has agreed to sell its last asset, the Lakeside Plaza retail property in Stockton, Calif., for $3.5 million.When the sale closes in May, Chastain will pay its final liquidating...