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 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March 16, 2000 NEW YORK – Fitch IBCA has withdrawn its ratings on American Southwest Financial Securities Corp., 1994-C2 because the bonds have been paid in full.Fitch said it had rated three classes, from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 By Paul Gereffi, IPGDirect.com CorrespondentMIAMI – Minocan Investments of Miami has purchased the 12000 Biscayne, a 150,000-square-foot office building in Miami. The purchase price could not be learned, but rents at the building, which is...

March 15, 2000 CHARLOTTE, N.C. – Summit Properties Inc. (NYSE:SMT) has set a 43.75 cents/share dividend payable May 15 to shareholders of record April 14. The dividend repesents an annualized dividend of $1.75/share. That compares with $1.67/share that...

March 15, 2000 LUXEMBOURG – SC-U.S. Realty (NYSE:RTY) said it has sold its investment in Security Capital Group for $96.9 million to two investors. SC had been carrying the investment at $95.8 million. Go to Previous Story in...

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...