March 7, 2000 (NewsTraders.com) – Kensington Investment Group Inc., the holder of a 9.6 percent equity stake in Malan Realty Investors (NYSE:MAL), is pushing for representation on the struggling REIT's board of directors.In an SEC schedule 13-D filing...

March 6, 2000 On September 15, 1999, the Second Appellate District of the California Court of Appeal, in Ernest Auerbach et al. v. Great Western Bank, held that a borrower was not entitled to damages for making payments...

March 6, 2000 Blue Lake deadline loomingBoca Raton News, March 6BOCA RATON, Fla. – A 60-day due diligence period for the possible purchase of the 557-acre Blue Lake property will end March 12, two days before an election...

March 6, 2000A British commercial mortgage-backed securities deal backed by the cash flow from leases on 16 Sainsbury's supermarkets is on the market.The ?335 million (US$528.15 million) deal is being underwritten by Morgan Stanley Dean Witter. The bonds...

March 6, 2000 LoopNet Inc. has started offering visitors to its site hybrid and floating rate mortgages.The Internet company, which offers mortgages via its LoopLender site, has formed partnerships with Archon Financial, a unit of Goldman Sachs, and...

March 6, 2000 NEW YORK – Standard & Poor's has lowered the credit rating of First Union Real Estate Investments (NYSE:FUR). The rating agency lowered the REIT's corporate credit rating to B-plus from double-B-minus. In addition, S&P affirmed...

March 6, 2000 NEW YORK – Tarragon Realty Investors Inc. (NASDAQ:TARR) has terminated its REIT status for this year. The move would allow the company to take advantage of the $40 million of net loss carryforwards, continue its...

March 6, 2000 Moody's and Fitch IBCA have published pre-sale reports for GMAC Commercial Mortgage Corp., 2000-C1, a $916 million commercial mortgage-backed securities deal. Go to Previous Story in the IPGDirect.com ArchiveGo to Fitch IBCA's Pre-Sale ReportGo to...

March 6, 2000 TrizecHahn mum on Montreal propertyThe National Post, March 4TORONTO – Sources say TrizecHahn Corp. has agreed to sell its Montreal properties to SITQ Immobilier. Both parties to the deal refused to comment. The portfolio includes...

March 6, 2000 NORTHBROOK, Ill. – Grubb & Ellis Co. (NYSE:GBE) has named Thomas Arai regional senior vice president for the western region of its Grubb & Ellis Management Services Inc. unit.Arai was formerly vice president of asset...

March 6, 2000 NEW YORK – Kennedy-Wilson Inc. (NASDAQ:KWIC) has hired Neil L. Kennedy as senior adviser to market U.S. properties to European investors, which are becoming a powerful force in the U.S. real estate market.Kennedy most recently...

March 3, 2000 Hotelier amused by land appraisalOrlando Sentinel, March 3ORLANDO, Fla. – The appraisals are back on the 330 acres of land coveted by hotelier Harris Rosen as a possible site for his next hotel, and they...

March 3, 2000 $886.4 Million GMAC Commercial Mortgage Conduit 2000-C1ClassAmount($mln)Sub. Level(%)RatingMoody'sRatingFitchAvg.LifePriceTalk(BP)BnchMarkA-1125.925AaaAAA5.7+33 area1-mo. LiborA-2541.125AaaAAA9.6+42 area1-mo. LiborB37.720.75Aa2AA9.8+155 areaTreas.C42.115.75A2AA-9.8+168 areaTreas.D8.914.75A3A-9.8+176 areaTreas.E3111.25Baa2BBB9.8+210 areaTreas.F15.59.75Baa3BBB-9.8+260 areaTreas.X886.4N/AAAAAaa9.1+400 @ 100 cprTreas.

March 3, 2000 By Paul Gereffi, IPGDirect.com CorrespondentThe Burlington Manufacturers Outlet Mall in Burlington, N.C., has been put up for sale. The 225, 065-square-foot mall has an asking price of $10.25 million. The seller is a local partnership...

March 3, 2000 (NewsTraders.com) -- Public Storage (NYSE:PSA) filed with regulators Friday morning to report holding a 6.4% stake in smaller rival Shurgard Storage Centers (NYSE:SHU), and also to state its continued belief that a business combination "could...

March 2, 2000 NewsTraders.com) -- Reckson Associates (NYSE:RA) was downgraded today by Prudential Securities analyst Louis Taylor, who lowered the stock to "accumulate" from "strong buy."Of note, on Tuesday real estate concern Reckson reported its fourth-quarter funds from...

March 2, 2000 KyodoTOKYO – The newly privatized Long-Term Credit Bank of Japan said Thursday it obtained approval from its shareholders for the nomination of its 14 board members, six of whom are non-Japanese nationals. The Japanese bank...

March 2, 2000 CLEVELAND – Associated Estates Realty Corp. (NYSE:AEC) has appointed Louis E. Vogt as president and chief operating officer.He succeeds Jeffrey I. Friedman, who will continue to serve as chairman and chief executive.Vogt, who previously served...

March 2, 2000 GREENWOOD VILLAGE, Colo. – Chateau Communities Inc. (NYSE:CPJ) plans to buy back up to one million shares of its common shares.Chateau currently has 28.4 million common shares and 3.7 million operating partnership units outstanding.Gary McDaniel,...

March 2, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $1.1 mln$0.9 mln $4.3 mln $3.3 mln FFO/shr (diluted) $0.36 $0.31 $1.45 $1.42 Net Income $0.7 mln $1.7 mln $3.6 mln $5 mln Net/shr$0.25 $0.57 $1.23$2.16Revenue$2.4 mln $2.1 mln $10.2...

March 2, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $2.8 mln$2.5 mln $10.8 mln $9.5 mln FFO/shr (diluted) $0.35 $0.32 $1.36 $1.20 Extra Gain (Loss) $0.3 mln ($0.1 mln) -- ($0.3 mln) Net Income $2 mln $8.8 mln $7.2...

March 2, 2000 ROCKVILLE, Md. – Criimi Mae Inc. (NYSE:CMM) has recovered $45.9 million from the sale of eight classes of subordinate commercial mortgage-backed securities from Morgan Stanley Capital I, 1998-WF2. The sale brings Criimi another step closer...

March 2, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98Net Income $10.1 mln $7.5 mln $39.9 mln $26.2 mln Net/shr$0.53 $0.34 $1.91 $1.19 Revenue$1.4 bln$1.4 bln $4.4 bln $4.3 bln Shares outst.19.1 mln 22 mln 20.8 mln 22 mln

March 2, 2000 Aviation center industrial park to be built near Opa-locka AirportDaily Business Review, March 2MIAMI – Pasquale Properties will develop a 178-acre industrial park on county land adjacent to Opa-locka Airport to cater to aviation companies....

March 2, 2000 Forum redevelopment moving aheadMontreal Gazette, March 2MONTREAL – Canderel Ltd.'s $75 million redevelopment of the Forum into a film-and-entertainment complex is moving ahead. Workers are completing structural changes to the building, with the six subterranean...