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 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 16, 2000 NEW YORK – A partnership among Taconic Investment Partners LLC, Benenson Capital Co. and Angelo, Gordon & Co. has hired Sonnenblick-Goldman Co. to line up $78 million of financing in order to redevelop a retail...

March 16, 2000 TORONTO – Shareholders of Cadillac Fairview Corp. (NYSE:CDF) yesterday approved a 2.3 billion Canadian dollar (US$1.6 billion) takeover bid from the Ontario Teachers' Pension Plan.Go to Previous Story in the IPGdiresct.com Archive.More than 99 percent...

March 16, 2000NEW YORK – Fitch IBCA has affirmed two classes of Credit Suisse First Boston Mortgage Securities Corp. 1997-C1 and has taken them off RatingAlert Negative.The $16.9 million class I is currently rated B-minus and the $13.5...

March 16, 2000Associated PressKENNEBUNKPORT, Maine – The Shawmut Inn, an oceanfront hotel that housed the national press corps during George Bush's presidency, has been sold to a New York investor for $6.5 million, $2 million below the listed...

March 16, 2000 ATLANTA – Gables Residential Trust (NYSE:GBP) has appointed James D. Motta to its board of trustees.Motta is president and chief executive of the St. Joe/Arvida Co.He has served as executive vice president and chief operating...

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...

March 16, 2000 HOUSTON – Joseph "Bill" Robertson Jr. has retired as executive vice president and chief financial officer of Weingarten Realty Investors (NYSE:WRI), effective April 15.Robertson has also submitted his resignation from Weingarten's board of trust managers,...

March 15, 2000 Fitch IBCA upgraded more individual tranches of commercial mortgage-backed securities last year than it downgraded.The rating agency conducted almost 200 reviews of more than $83.2 billion of CMBS. It upgraded 160 tranches within 55 deals...

March 15, 2000 LONDON – Standard & Poor's has assigned preliminary ratings to the first U.K. ground rent securitization, a 104 million pound ($164 million) transaction by Peverel Funding Ltd., a special-purpose entity formed by Peverel Properties Ltd.The...

March 15, 2000 Divco West Properties and Westbrook Partners are among the finalists vying to buy 303 Second Street in San Francisco, according to the Wall Street Journal.The 700,000-square-foot office building, which is commonly known as Marathon Plaza,...