March 20, 2000 LOS ANGELES – A fund operated by WMF Carbon Mesa Advisors Inc. has acquired a $130 million portfolio of floating-rate bridge loans from National Realty Funding. WMF Carbon Mesa, part of the WMF Group (NASDAQ:WMFG),...

March 20, 2000 Boca developer buys, leases Sony buildingThe Sun-Sentinel, March 20BOCA RATON, Fla. – Sony Corp. of America has sold its manufacturing plant at 6500 Congress Ave. to Congress United for $8.25 million, or about $70/square foot....

March 20, 2000 The Witkoff Group, as expected, has put 10 Hanover Square in downtown Manhattan up for sale.The 522,000-square-foot office building, which is fully occupied by Goldman Sachs under a long-term lease, could sell for more than...

March 20, 2000 NEW YORK – Lend Lease Real Estate Investments Inc. has paid $14.9 million, or $139/sf, for 330 Old Country Road in Mineola, N.Y., on behalf of a public pension fund client.The 107,000-square-foot building was purchased...

March 20, 2000 Moody's has published a pre-sale report for the $1.37 billion commercial mortgage-backed securities deal that will be shopped this week by Lehman Brothers and Warburg Dillon Read. Click Here To Go To the Report.Morgan Stanley...

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 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 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...