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 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 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 15, 2000 ANN ARBOR, Mich. – Omega Healthcare Investors Inc. (NYSE:OHI) has taken possession of 30 nursing home and assisted-living properties operated by RainTree Healthcare Corp. of Phoenix.At the end of 1999, Omega had $78 million invested...

March 15, 2000 Associated Press MILWAUKEE – Creditors of the bankrupt Steeltech Manufacturing Inc. have hired The Dickman Co. and Jones Lang LaSalle to market a plant they have been trying to sell independently for several months.The creditors...

March 15, 2000 NEW YORK – Thomas M. McCahill, who leads the investment management team for The MONY Group's (NYSE:MNY) commercial mortgage and equity real estate portfolio, has been promoted to senior vice president at the financial services...