March 15, 2000 LOS ANGELES – Arden Realty Inc. (NYSE:ARI) said its Arden Realty LP has priced $250 million of senior unsecured notes under Rule 144A.The two tranches consisted of a $200 million tranche of 8.875 percent notes...

March 15, 2000 Allied Capital Corp. (NASDAQ:ALLC) has filed to sell 466,465 common shares for $7.4 million to an institutional investor. The Form 497 filing was made with the SEC.The filing said that Allied would use the capital...

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...

March 15, 2000 BINGHAM FARMS, Mich. – Malan Realty Investors Inc. (NYSE:MAL) has reiterated its offer to provide representation on its board to Kensington Investment Group of Orinda, Calif.In an amended Form 13D, Kensington expressed its dissatisfaction with...

March 15, 2000 DENVER – Apartment Investment and Management Co. (NYSE:AIV) has secured an additional $50 million credit line from Bank of America, Fleet and lenders from its existing facility.The amendment to the REIT's previous $300 million credit...

March 15, 2000 DENVER – Martin Gibeau, who recently resigned as president of Stewart Title of Denver, has formed AmeriQuotes.com, an online service that allows property owners to receive quotes for services from a variety of providers.Here's how...

March 15, 2000 Chase Manhattan Bank has agreed to lease 556,000 square feet at 1166 Sixth Avenue in Manhattan in a 20-year deal estimated to be valued at more than $500 million over its life.The lease is the...

March 15, 2000 Continental Properties buys two more apartment complexesThe Daytona Beach News-Journal, March 15DAYTONA BEACH, Fla. – Continental Properties has paid $18.3 million for the 304-unit Indigo Plantation and the 170-unit Oaks of Lakebridge. Rents at both...

March 14, 2000 Report: Vancouver needs more convention spaceThe Vancouver Sun, March 14VANCOUVER – Vancouver officials can reap twice as much convention visitor spending by expanding the amount of facilities available, according to a report from KPMG, which...

March 14, 2000 TBS starts two buildings to cement Atlanta tiesThe Atlanta Journal-Constitution, March 14ATLANTA – Turner Broadcasting plans to add two new facilities that will total 330,000-square-feet at its 35-acre Techwood campus, where it currently has about...

March 14, 2000 SAN FRANCISCO – LoopNet Inc., an online commercial mortgage lending site, has hired Robert Hull, formerly chief financial officer at Risk Management Solutions Inc. as the chief financial officer.Hull was with Risk Management, which provides...

March 14, 2000 Kelvin Davis, the chief operating officer and co-founder of Colony Capital Inc., has left to join its affiliate, Texas Pacific Group, in order to handle investments outside of real estate.The departure is totally amicable, according...

March 14, 2000RICHMOND, Va. – Cornerstone Realty Income Trust (NYSE:TCR) completed the sale of 16 apartment communities, with 3,609 units, for $136.5 million.Proceeds of the sale will be used to pay down Cornerstone's credit line, fund a $35...

March 14, 2000 DENVER – Archstone Communities (NYSE:ASN) is about to close on a deal to buy 37 acres at the Roosevelt Raceway, a proposed mixed-use property in the Town of Hempstead in Long Island, N.Y.Archstone anticipates that...

March 14, 2000 SAN DIEGO, Calif. – A partnership between Kearny Real Estate Co. and Lankford & Associates of San Diego has sold a recently completed office building in the Scripps Northridge Corporate Center for $44 million.The 188,275-square-foot...

March 14, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO ($0.8 mln)$1.3 mln $24.9 mln $18.6 mln FFO/shr (diluted)($0.05) $0.08 $1.46 $1.23 Net Income (Loss)($12.2 mln) $4.5 mln $6.3 mln $1.2 mln Net (Loss)/shr($0.79) ($0.31) ($0.43) ($0.09) Revenue$19.8 mln $15.9...

March 14, 2000 SEAL BEACH, Calif. – Boeing Realty Corp. is planning to sell 48 acres of undeveloped land next to its Space and Communications Group headquarters in Seal Beach.The property is zoned for light industrial/manufacturing. Boeing has...

March 14, 2000BOCA RATON, Fla. – Grand Court Lifestyles Inc. (NASDAQ:GCLI), an operator of senior living facilities, has failed to pay rent on offices it occupies in Florida and New Jersey and debt payments that were due March...

March 14, 2000Chase Commercial Mortgage Securities Corp, 2000-1ClassAmount($mln)Sub. Level(%)RatingS&PRatingDuff & PhelpsAvg.LifePriceTalk(BP)BnchMarkA-1125.226.5AAAAAA5.7+106-109 (L+23-31)Treas.A-2392.426.5AAAAAA10+140-143 (L+38-41)Treas.B3721.25AAAA10+153-156Treas.C33.516.5AA10+165-168Treas.D10.615A-A-10+175-178Treas.E24.611.5BBBBBB10+210 areaTreas.F10.610BBB-BBB-10+255 areaTreas.X704.2N/AAAArAAA--+375*Treas.* At 100 percent constant prepayment rate.

March 14, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO ($2.3 mln)($4.3 mln)($6 mln)$0.8 mlnFFO/shr (diluted) ($0.59) ($0.95) ($1.36)$0.17 Extra Gain (Loss) ($0.2 mln) -- ($0.2 mln) -- Net Income (Loss) ($0.9 mln) ($3.1 mln) ($2.1 mln) $4.3 mln Net...

March 14, 2000 Apartment Investment and Management Co. (NYSE:AIV), through an operating partnership, expects to acquire five residential communities from Dreyfuss Brothers Inc. by June 30.In December and January, AIMCO bought four other communities from Dreyfuss.In total, AIMCO...

March 14, 2000 SEOUL (Asia Pulse) - CB Richard Ellis said it is considering buying assets from Korea Asset Management Corp., including land, buildings and other assets taken over in connection with bad loans.The move is based on...

March 13, 2000 The 1.1 million square-foot former headquarters of SmithKline Beecham in Philadelphia, which was to be destroyed to make room for a new downtown stadium, has been purchased by a local developer, Amerimar Enterprises, according to...