March 9, 2000 ANC Rental to move 900 workers to Boca's Blue LakeSun-Sentinel, March 9BOCA RATON, Fla. – ANC Rental, which includes Alamo and National Car Rental, has signed a lease for 165,000 square feet to move 700...

March 9, 2000 FORT LAUDERDALE, Fla. – Acme Realty Funding Inc. has become a correspondent to Berkshire Mortgage Finance, a Fannie Mae lender.As correspondent to Berkshire, Acme has the ability to originate a host of multifamily mortgages, including...

March 9, 2000Go To Price Talk Table.$886.4 Million GMAC Commercial Mortgage Conduit 2000-C1ClassAmount($mln)Sub. Level(%)RatingMoody'sRatingFitchAvg.LifeFinal Pricing (BP)BnchMarkA-1125.924.75AaaAAA5.7+110.5 (L+33)Treas.A-2541.124.75AaaAAA9.6+142.5 (L+42)Treas.B37.720.5Aa2AA9.8+156.5Treas.C42.115.75A2AA-9.8+168.5Treas.D8.914.75A3A-9.8+176.5Treas.E3111.25Baa2BBB9.8+219.5Treas.F15.59.5Baa3BBB-9.8+260Treas.X886.4N/AAAAAaa9.1+390 @ 100 cprTreas.

March 9, 2000 BIRMINGHAM, Ala. – Colonial Properties Trust (NYSE:CLP) has priced $5 million of unsecured debt by its Colonial Realty LP unit. The medium-term notes, which pay a coupon of 8.8 percent and mature in March 2010,...

March 9, 2000By Thomas J. Walsh, IPGDirect.com Senior WriterAn $886.3 million commercial mortgage backed securities deal by GMAC Commercial Mortgage has priced at generally expected spreads over Treasuries.The issue, GMAC Commercial Mortgage Inc., 2000-C1, was underwritten by Goldman...

March 9, 2000 NEW YORK – An affiliate of Concorde Realty Partners LLC has paid $32 million for the Stones River Mall, a Murfreesboro, Tenn., regional mall that is 90 percent occupied.The 450,000-square-foot mall, which is anchored by...

March 9, 2000 TOKYO (Nikkei) – Japan's Ministry of Finance and Ministry of Construction have drawn up new legislation that will pave the way for REITs to operate in Japan.The government was seeking to clear the way for...

March 9, 2000NEW YORK – Clarion Partners and ING Real Estate aim to raise up to $200 million for an investment fund that will invest in new developments. The fund, Clarion Development Ventures LP, has already started investing....

March 8, 2000 NewsTraders.com) -- PS Business Parks Inc. (AMEX:PSB) disclosed today in a regulatory filing that executive vice president Mary Jayne Howard "ceased employment" with company on March 7, following a string of legal entanglements involving her...

March 8, 2000 Allied Capital Corp. (NASDAQ:ALLC) has filed a prospectus for the sale of 1.6 million common shares. The net proceeds of the share sale – $25.7 million – will be used to pay down the company's...

March 8, 2000 ATLANTA – JDN Realty Corp. (NYSE:JDN) has named W. Fred Williams Jr. president of JDN Development Co.Williams was formerly partner with Farris, Warfield & Kanaday PLC, a Nashville, Tenn., law firm. He previously was partner...

March 8, 2000 Charlesbank Capital Partners has paid more than $60 million, or $93/sf, for 200 W. Monroe Street in Chicago, according to the Wall Street Journal.The 645,000-square-foot building was sold by Cigna Investment Management, which assumed it...

March 8, 2000 UBS Brinson has accumulated a 5.4 percent interest in Simon Property Group (NYSE:SPG). The investment was made on behalf of the Kuwait Investment Authority. It was detailed in a Schedule 13G that was filed with...

March 8, 2000 An investment fund operated by HypoVereinsbank of Munich has agreed to buy 35 W. Wacker Drive for $260 million-$270 million, according to the Chicago Tribune.The building is being sold by a venture between John Buck...

March 8, 2000 LOS ANGELES – Financial Institutional Partners Mortgage Co., which originates small- to medium-sized multifamily and commercial mortgages, has agreed to offer for sale a minimum of $400 million of loans through 2dmkt.com, a website that...

March 8, 2000 By Samuel Maull, Associated PressNEW YORK – A Manhattan judge issued a warrant today for the arrest of real estate developer Abe Hirschfeld after he failed to appear for sentencing on several contempt of court...

March 8, 2000 NEW YORK – Standard & Poor's lowered the corporate credit and bank loan ratings for Prison Realty Trust Inc. (NYSE:PZN) to single-B-plus from double-B and the REIT's senior unsecured debt rating to single-B-minus from single-B-plus....

March 8, 2000 MENLO PARK, Calif. – Spieker Properties Inc. (NYSE:SPK) has declared a 70 cents/share dividend that is payable April 20 to shareholders of record on March 31.This is equivalent to an annualized dividend of $2.80/share and...

March 8, 2000 BINGHAM FARMS, Mich. – Kensington Investment Group Inc. has rejected a proposal by Malan Realty Investors Inc. (NYSE:MAL) to increase the size of its board in order to have a Kensington nominee represented on it.Go...

March 8, 2000 (NewsTraders.com) – Dutch pension fund giant Stichting Pensioenfonds ABP filed today with the SEC to report having more than halved its stake in New Plan Excel Realty Trust (NYSE:NXL) to 2.7 percent.In an amended Schedule...

March 8, 2000 Developer proposes yacht centerThe Sun-Sentinel, March 8POMPANO BEACH, Fla. – Miami-based developer JH International Corp. has submitted zoning plans to turn a deteriorated shopping center at 649 S. Cypress Road into a mega-yacht center. Tenants...

March 8, 2000 HORSHAM, Pa. – John M. Cannon has been promoted from vice president of GMAC Commercial Mortgage Corp.'s Philadelphia office to senior vice president of retail production for the entire company.In his new post, Cannon will...

March 8, 2000 Demand for high-tech space creates west end building boomThe Ottawa Citizen, March 8 OTTAWA – About 15 buildings are in various stages of planning in construction in Nepean and Kanata this year, answering what developers...

March 7, 2000 Southside's Greenbriar Mall up for saleAtlanta Journal-Constitution, March 7ATLANTA – Dundee Realty Corp. of Toronto is selling the 792,000-square-foot Greenbriar Mall because it is finding it tough to compete against companies that own multiple malls...

March 7, 2000 NEW YORK – The McCann-Erickson Worldwide advertising agency has signed a 21-year lease worth about $500 million, or around $53 per square foot, to move its headquarters to 622 Third Ave., a 39-story tower between...