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 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March 16, 2000 NEW YORK – Fitch IBCA has withdrawn its ratings on American Southwest Financial Securities Corp., 1994-C2 because the bonds have been paid in full.Fitch said it had rated three classes, from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 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 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...

March 15, 2000 DENVER – Martin Gibeau, who recently resigned as president of Stewart Title of Denver, has formed AmeriQuotes.com, an online service that allows property owners to receive quotes for services from a variety of providers.Here's how...

March 15, 2000 Chase Manhattan Bank has agreed to lease 556,000 square feet at 1166 Sixth Avenue in Manhattan in a 20-year deal estimated to be valued at more than $500 million over its life.The lease is the...

March 15, 2000 Continental Properties buys two more apartment complexesThe Daytona Beach News-Journal, March 15DAYTONA BEACH, Fla. – Continental Properties has paid $18.3 million for the 304-unit Indigo Plantation and the 170-unit Oaks of Lakebridge. Rents at both...

March 15, 2000 Fitch IBCA upgraded more individual tranches of commercial mortgage-backed securities last year than it downgraded.The rating agency conducted almost 200 reviews of more than $83.2 billion of CMBS. It upgraded 160 tranches within 55 deals...

March 15, 2000 LONDON – Standard & Poor's has assigned preliminary ratings to the first U.K. ground rent securitization, a 104 million pound ($164 million) transaction by Peverel Funding Ltd., a special-purpose entity formed by Peverel Properties Ltd.The...

March 15, 2000 Divco West Properties and Westbrook Partners are among the finalists vying to buy 303 Second Street in San Francisco, according to the Wall Street Journal.The 700,000-square-foot office building, which is commonly known as Marathon Plaza,...

March 15, 2000NEW YORK – Swiss Re Capital Partners has signed a 20-year lease for 100,000 square feet at 230 Park Avenue in Midtown Manhattan. The firm, a division of Swiss Reinsurance Co., will occupy four entire floors...

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...