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....

March 17, 2000 BALTIMORE – Prime Retail Inc. (NYSE: PRT) has announced the resignation of Terence C. Golden from its board of directors. Golden was a board member since the REIT went public in March of 1994. Prime...

March 17, 2000 Developer has plans downtownThe Tampa Tribune, March 17TAMPA, Fla. – The Hogan Group of Tampa is negotiating with landowners for several acres of land south of Whiting Street and east of Florida Avenue for the...

March 17, 2000SACRAMENTO, Calif. – The California Public Employees' Retirement System (CalPERS) and Hines Co. plan to develop a 31-story high-rise building in San Francisco's South of Market area through National Office Partners Limited Partnership (NOP).The $200 million...

March 17, 2000 SALT LAKE CITY – JP Realty Inc. (NYSE: JPR) has repurchased approximately 1.46 million shares of its common stock at an all-in cost of about $25 million.The repurchase represents an average price of $17.09 per...

March 17, 2000 CALGARY – TrizecHahn Corp. (NYSE:TZH) has put its portfolio of Calgary office buildings on the market, Canada's Financial Post reported today.The sale is part of TrizecHahn's previously announced major restructuring. The Toronto-based company wants to...

March 17, 2000 ATLANTA – The Atlanta apartment market ended 1999 on a strong note, according to M/PF Research's Atlanta Apartment Report. The metro area's employment growth pace surged upward during the 4th quarter, and that economic upturn...

March 17, 2000 CHICAGO – Urban Shopping Centers Inc. (NYSE:URB) has increased by $72.5 million its existing secured revolving credit facility to $180 million.The revised terms of the credit facility also include an extension of its maturity to...

March 17, 2000 CHICAGO – Equity Office Properties Trust (NYSE:EOP) has sold a development site in Burbank, Calif., to M. David Paul & Associates, a Los Angeles-based development company, for about $20 million.Equity Office acquired the four-acre parcel...

March 17, 2000 NEW YORK – OnSite Access, Inc., an integrated communications provider for the commercial real estate industry, and developers Angelo, Gordon & Co. have partnered to deliver advanced broadband services to 28 buildings in Angelo, Gordon's...

March 17, 2000 SAN FRANCISCO – BRE Properties Inc. (NYSE:BRE) is planning to spin off a majority interest in a newly created company called VelocityHSI to shareholders. As a result of the proposed action, all BRE shareholders will...

March 16, 2000 ROCHESTER, N.Y. – Home Properties (NYSE:HME) has paid $135.9 million for a portfolio of six communities, with a total of 2,113 units, in suburban Philadelphia.The REIT assumed $73.1 million in debt and paid $30 million...

March 16, 2000 NEW YORK – Fitch IBCA has withdrawn its ratings on American Southwest Financial Securities Corp., 1994-C2 because the bonds have been paid in full.Fitch said it had rated three classes, from double-B-plus to double-A-plus.

March 16, 2000 BELLINGHAM, Wash. – Asia Properties Inc. (OTC BB: ASPZ) has retained Diehl & St. Johnston Ltd., a London-based investment banking firm, as its exclusive financial consultant in Europe.The boutique investment bank, which was established in...

March 16, 2000By Thomas J. Walsh, IPGDirect.com Senior WriterUnderwriters have priced the triple-A tranche of GMAC Commercial Mortgage Securities Inc., 2000-FL-A. The $116.5 million class, which has a subordination level of 50 percent, was priced at 45 basis...

March 16, 2000 MIAMI – Lennar Corp. (NYSE:LEN) has secured $1.8 billion in financing from Bank One Capital Markets and Deutsche Banc Alex. Brown in connection with the homebuilder's acquisition of U.S. Home Corp.The financing includes a $1...

March 16, 2000 Developer wants Quay expansionThe Bradenton Herald, March 16SARASOTA, Fla. – Plans to double the size of the Sarasota Quay to 450,000 square feet, in conjunction with the construction of a Ritz-Carlton hotel next door, are...