March 21, 2000(NewsTraders.com) – Prudential Securities analyst Jim Sullivan initiated Simon Property Group (NYSE:SPG) at "strong buy," with a $31.50 price goal.The analyst called Simon Property's balance sheet the strongest in the mall sector, while noting that the...

March 21, 2000 The $334.2 million securitization of 70 loans from Allied Capital Corp. and lead managed by Salomon Smith Barney has priced. Traders familiar with the deal today said that no official price guidance had been issued...

March 21, 2000 STOCKHOLM – Swedish construction and property group Skanska has sold three buildings of Thomas More Square in central London to Sun Axa Life, a European insurance company, for 41.5 million pounds (US$65.4 million).The sale, which...

March 21, 2000 ROSELAND, N.J. – Chelsea GCA Realty Inc. (NYSE:CCG) has named William Bloom vice chairman of the company. He succeeds Barry M. Ginsburg, who retired at the end of 1999.Bloom has served as executive vice president–strategic...

March 21, 2000 BOCA RATON, Fla. – Grand Court Lifestyles Inc. (NASDAQ:GCLI) has filed for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code.Go to Previous Story in the IPGDirect.com Archive.

March 21, 2000 IRVINE, Calif. – Fidelity National Financial Inc. (NYSE:FNF) has completed its purchase of Chicago Title Corp.Go to Previous Story in the IPGDirect.com Archive.The parent company will continue operating under the Fidelity National Financial Inc. nameand...

March 21, 2000 Fitch IBCA's pre-sale report on LB-UBS, 2000-C1, a $1.4 billion commercial mortgage-backed securities issue planned by Warburg Dillon Read and Lehman Brothers, is available on the rating agency's Web site. Go to the Fitch IBCA...

March 21, 2000 (NewsTraders.com) – A group of investors led by BRT Realty Trust (NYSE:BRT) has increased its stake in Entertainment Properties Trust (NYSE:EPR) to 7.79 percent.According to an amended Form 13D released late Monday, BRT bought 185,800...

March 21, 2000 Mizner-like complex gets Boca's OKThe Sun-Sentinel, March 21BOCA RATON, Fla. – The city has approved a plan to transform the 18-building Royal Palm Plaza into a taller, denser development with a 315-room hotel, 450 apartments...

March 21, 2000 RICHMOND, Va. – Cornerstone Realty Income Trust (NYSE:TCR) has bought a 168-unit apartment community in Asheville, N.C., for $8.8 million, or about $52,000 per unit.The REIT structured the purchase of The Enclave at the Meadows...

March 20, 2000 DALLAS – Amresco Inc. (NASDAQ:AMMB) has completed the sale of its asset management, commercial mortgage banking and real estate structured finance platforms to a unit of Lend Lease Corp. Amresco received $203 million in cash...

March 20, 2000 LOS ANGELES – A fund operated by WMF Carbon Mesa Advisors Inc. has acquired a $130 million portfolio of floating-rate bridge loans from National Realty Funding. WMF Carbon Mesa, part of the WMF Group (NASDAQ:WMFG),...

March 20, 2000 Boca developer buys, leases Sony buildingThe Sun-Sentinel, March 20BOCA RATON, Fla. – Sony Corp. of America has sold its manufacturing plant at 6500 Congress Ave. to Congress United for $8.25 million, or about $70/square foot....

March 20, 2000 The Witkoff Group, as expected, has put 10 Hanover Square in downtown Manhattan up for sale.The 522,000-square-foot office building, which is fully occupied by Goldman Sachs under a long-term lease, could sell for more than...

March 20, 2000 NEW YORK – Lend Lease Real Estate Investments Inc. has paid $14.9 million, or $139/sf, for 330 Old Country Road in Mineola, N.Y., on behalf of a public pension fund client.The 107,000-square-foot building was purchased...

March 20, 2000 Moody's has published a pre-sale report for the $1.37 billion commercial mortgage-backed securities deal that will be shopped this week by Lehman Brothers and Warburg Dillon Read. Click Here To Go To the Report.Morgan Stanley...

March 20, 2000 FAIRFIELD, N.J. – Prime Hospitality Corp. (NYSE:PDQ) has sold the Chicago/Warrenville AmeriSuites hotel to an affiliate of First Hospitality Corp. of Des Plaines, Ill., for $10.8 million.The sale is part of Prime's plan to sell...

March 20, 2000 Bear Stearns Commercial Mortgage Securities Inc., 2000-WF1 (Wells Fargo) was the first commercial mortgage-backed securities issue to be marketed via the Internet. Investors were able to access information about the deal through Morgan Stanley Dean...

March 20, 2000 NEW YORK – Matthew Barlow has been promoted to executive managing director at Julien J. Studley's Midtown Manhattan office. Barlow, who was previously senior managing director of the office, was one of several professionals who...

March 20, 2000 LITTLE ROCK, Ark. – Principal Capital Management has adopted Univest's Enterprise loan management software package to service and manage its $16 billion commercial mortgage portfolio. The Enterprise package is a browser-based system that integrates loan...

March 17, 2000 Associated PressHARTFORD – The future of the former Norwich Hospital site remains uncertain after the Mohegan Indians and a Boston real estate firm withdraw their offers to develop the property. Leaders of the American Indian...

March 17, 2000EATONTOWN, N.J. – Monmouth Real Estate Investment Corp. (Nasdaq:MNRTA) has changed its dividend reinvestment and stock purchase plan.Contending that it is now fully capitalized, the REIT will no longer raise substantial amounts of new capital under...

March 17, 2000Go To Initial Price Talk.Chase Commercial Mortgage Securities Corp, 2000-1ClassAmount($mln)Sub. Level(%)RatingS&PRatingDuff & PhelpsAvg.LifePriced (BP)BnchMarkA-1125.226.5AAAAAA5.7+117.25 (L+31)Treas.A-2392.426.5AAAAAA10+150.25 (L+43)Treas.B3721.25AAAA10+164.25Treas.C33.516.5AA10+178.25Treas.D10.615A-A-10+188.25Treas.E24.611.5BBBBBB10+225.25Treas.F10.610BBB-BBB-10+265Treas.X704.2N/AAAArAAA--+380*Treas.* At 100 percent constant prepayment rate.

March 17, 2000 SouthernEra moving HQ to U.S.The National Post, March 17 TORONTO – SouthernEra Resources Ltd. said it will move its corporate headquarters from Toronto to Denver in a bid to boost its U.S. profile and raise...

March 17, 2000 WASHINGTON – MeriStar Hotels & Resorts (NYSE:MMH) has signed an agreement to manage the 415-room Sheraton National Hotel in the Crystal City/Pentagon City area of Arlington, Va.National Hospitality Corp., a wholly owned subsidiary of U.S....