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 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 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 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 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...

March 2, 2000 CLEVELAND – Developers Diversified Realty Corp. (NYSE:DDR) has increased its common share dividend to 36 cents/share from 35 cents/share. The dividend is payable April 7 to shareholders of record on March 22.

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 1, 2000 (NewsTraders.com) – J.P. Morgan Securities analyst Lee Schalop initiated coverage of three industrial REITs today, first tagging AMB Property Corp. (NYSE:AMB) with a top-tier "buy" rating and a $22 price target.AMB is set to outperform...

March 1, 2000 By Nina Suebsuksharoen, Associated PressBANGKOK, Thailand – Big foreign investors who bailed out of Thailand and its neighbors during the Asian currency crisis are back and looking for bargains in the depressed real estate market....

March 1, 2000 HARRISBURG, Pa. – Hersha Hospitality Trust (AMEX:HT) has entered into a portfolio refinancing deal worth $23.5 million with Lehman Brothers Bank.The loan, which is collateralized by eight of its hotel properties, will be used to...

March 1, 2000 DALLAS – Olympus Real Estate Corp. has completed its previously announced $1.7 billion acquisition of Walden Residential Properties Inc., the large multifamily REIT.The transaction was completed after receiving the approval of Walden shareholders at a...

March 1, 2000 MENLO PARK, Calif. – Spieker Properties Inc. (NYSE: SPK) has acquired two West Coast office properties for $74.5 million. Quadrant Plaza in Bellevue, Wash., was purchased from a small local partnership called SPP Investments. It...

March 1, 2000 PHOENIX – InnSuites Hospitality Trust (AMEX:IHT) has appointed Anthony B. Waters to the additional position of CFO.Waters joined the REIT early last year as controller.