March 21, 2000 RICHMOND, Va. – Cornerstone Realty Income Trust (NYSE:TCR) has bought a 168-unit apartment community in Asheville, N.C., for $8.8 million, or about $52,000 per unit.The REIT structured the purchase of The Enclave at the Meadows...

March 21, 2000 Tishman Speyer Properties has agreed to buy the MGM Plaza in Santa Monica, Calif., for about $360 million, or about $330/sf, according to the Los Angeles Times.The 1.1 million-square-foot trophy office complex is being sold...

March 21, 2000 CHATTANOOGA, Tenn. – CBL & Associates Properties Inc. (NYSE:CBL) has sold two shopping centers for $19 million.CBL built the 203,000-square-foot Fiddler's Run located in Morganton, N.C., last year. The REIT had not been marketing the...

March 21, 2000 ATLANTA – Chastain Capital Corp. (NASDAQ:CHAS) has agreed to sell its last asset, the Lakeside Plaza retail property in Stockton, Calif., for $3.5 million.When the sale closes in May, Chastain will pay its final liquidating...

March 21, 2000(NewsTraders.com) – Prudential Securities analyst Jim Sullivan initiated Simon Property Group (NYSE:SPG) at "strong buy," with a $31.50 price goal.The analyst called Simon Property's balance sheet the strongest in the mall sector, while noting that the...

March 21, 2000 The $334.2 million securitization of 70 loans from Allied Capital Corp. and lead managed by Salomon Smith Barney has priced. Traders familiar with the deal today said that no official price guidance had been issued...

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 20, 2000 NEW YORK – Matthew Barlow has been promoted to executive managing director at Julien J. Studley's Midtown Manhattan office. Barlow, who was previously senior managing director of the office, was one of several professionals who...

March 20, 2000 LITTLE ROCK, Ark. – Principal Capital Management has adopted Univest's Enterprise loan management software package to service and manage its $16 billion commercial mortgage portfolio. The Enterprise package is a browser-based system that integrates loan...

March 20, 2000 DALLAS – Amresco Inc. (NASDAQ:AMMB) has completed the sale of its asset management, commercial mortgage banking and real estate structured finance platforms to a unit of Lend Lease Corp. Amresco received $203 million in cash...

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 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...