February 22, 2000 Partnership pursues Blue Lake purchaseSouth Florida Business Journal, February 21BOCA RATON, Fla. – A partnership between D.C. lawyer Clifford Preminger and Tom Mulroy, a former senior vice president with Starwood Financial, is in serious negotiations...

February 22, 2000 Associated PressSAN ANTONIO, Texas – Hundreds of investors in Courtyard by Marriott II LP are suing over what they claim was a bad business deal loaded with false promises. Among other claims, they say the...

February 18, 2000 Cisco expansion will mean 2,400 new jobsThe Ottawa Citizen, February 18 OTTAWA – Cisco Systems Inc. plans to add up to 600,000 square feet at its R&D facilities here. The expansion will create as many...

February 18, 2000 NEW YORK – Standard & Poor's upgraded to triple-B from triple-B-minus the debt ratings of Regency Realty Corp. and its operating partnership, Regency Centers LP.The ratings have been revised as follows: corporate credit rating to...

February 18, 2000 PALO ALTO, Calif. – Marcus & Millichap Real Estate Investment Brokerage Co. said it handled $5.2 billion of property sales last year, a record for the 29-year-old brokerage firm.The firm handled 2,047 investment transactions through...

February 18, 2000 WASHINGTON – CarrAmerica Realty Corp. (NYSE:CRE) has signed two tenants to leases at its Valley Technology Centre on Zanker Road in San Jose, Calif.TSMC North America has signed a 111,000-square-foot lease, and Pivot Interiors Inc....

February 18, 2000NEW YORK – New Plan Excel Realty Trust Inc. (NYSE: KO) expects funds from operations to drop this year to a range of $2.02-$2.04/share, from a projected $2.15/share in 1999.The REIT expects to report FFO for...

February 18, 2000 LOS ANGELES – Andrew Sobel, executive vice president and director of property operations of Arden Realty Inc. (NYSE:ARI), has resigned to become president of 555-1212.com Inc., an Internet start-up that provides telecommunications, information and related...

February 18, 2000 Developer building second office towerAtlanta Journal-Constitution, February 18ATLANTA – Highwoods Properties has started construction on its second office tower in Sandy Springs – a 10-story, 250,000-square-foot office building that should be finished by January 2001....

February 18, 2000GMAC Commercial Mortgage has provided $400 million of permanent financing to a venture led by Apollo Real Estate Advisors.The mortgage is secured by a portfolio of 126 retail, office and industrial properties throughout the country that...

February 17, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $3.6 mln$2.9 mln $13.6 mln $10.6 mln FFO/shr (diluted) $0.32 $0.29 $1.25 $1.17 Net Income $6.4 mln $4.6 mln $13.6 mln $9.1 mln Net/shr$0.56$0.45 $1.26 $1.01 Revenue$11.4 mln $8.5 mln...

February 17, 2000 FARMINGTON HILLS, Mich. – Agree Realty Corp. (NYSE:ADC) has named David J. Prueter vice president of the company. Preuter will be responsible for the development and leasing of the company's new projects.Prueter had been director...

February 17, 2000 Warburg Dillon Read originated all but one of the large loans in LB-UBS, 2000-C1 which was detailed in the Feb. 15 article "Lehman, UBS Loans to Mall Owners Detailed." Lehman Brothers only originated one of...

February 17, 2000 Decision on proposed St. John's Center expected in AprilFlorida Times-Union, February 17JACKSONVILLE, Fla. – Hallmark Partners should know by April if it can proceed with plans for a $75 million St. John's Center hotel, office,...

February 17, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98Net Income $0.6 mln($5.9 mln) ($12.6 mln) ($4.9 mln) Net/shr$0.10 ($0.93) ($2.12) ($0.77) Revenue (Loss)$1.4 mln ($3.7 mln) ($6.7 mln) $0.6 mln

February 17, 2000 T-shirt maker to lay off 200, close plantMontreal Gazette, February 17 MONTREAL – Gildan Activewear Inc. will shutter its Montreal sewing plant and lay off more than 200 workers. Gildan, which employs 5,000 people, has...

February 17, 2000 Go To Previous Story with Initial Price Guidance in the IPGDirect.com Archive. Fannie Mae, $458 Million Multi-FamilyClassAmount($mln)Avg.LifeSpread(BP)BnchMarkA160.33.5+90Treas. curveB1307.5+115Treas. curveC97.710.4+145Treas. curveD6116.9+170Treas. curve

February 17, 2000 By Orest Mandzy, IPGDirect.com Managing EditorGMAC Commercial Mortgage and Salomon Smith Barney are teaming up to float commercial mortgage-backed securities in order to finance their purchase of a portfolio of Japanese nonperforming loans.Few details of...

February 16, 2000 Associated PressCENTRALIA, Ill. – Cambridge Industries Inc. said it will lay off 70 of its 1,100 employees and seek a buyer for its auto parts plant here. The Madison Heights, Mich.-based company has no plans...

February 16, 2000 Go To Moody's Pre-Sale Report and Previous Stories in the IPGDirect.com Archive.Mall of America Capital Co., Series 2000-1ClassAmount($mln)RatingMoody'sRatingS&PPrice talk(BP)BnchMarkA200AaaAAA+28-301-mo. LiborB36Aa2AA+42-451-mo. LiborC45A2A+90 area1-mo. LiborD31Baa1BB++170 area1-mo. Libor

February 16, 2000 Associated Press/ASIA WorldSources Inc.HONG KONG – The Sino Group surprised the market here yesterday by offering for sale the first batch of 68 units in its new luxury residential project in Siu Sai Wan at...

February 16, 2000 Go To Duff & Phelps' Pre-Sale ReportGo To Moody's Pre-Sale Report.Vornado Finance Pass-Through Certificates, Series 2000-VNOClassAmount($mln)Sub. Level(%)RatingMoody'sRatingDuff & PhelpsAvg. LifePrice Talk(BP)BnchMarkA-16140.4AaaAAA5+108-110Treas.A-223740.4AaaAAA10+143-146Treas.B5529.4Aa2AA10+155-158Treas.C5618.2A2A10+167-170Treas.D1714.8A3A-10+177-180Treas.E455.8Baa2BBB10+195-200Treas.F290.0Baa3BBB-10+240-245Treas.

February 16, 2000 KANSAS CITY, Mo. – Midland Loan Services, Inc., a subsidiary of PNC Bank (NYSE: PNC), has sold the last commercial property from its Eastrich Multiple Investor Fund, one of only two "blind" pools of mortgages...

February 16, 2000 Asset Investors Corp. (NYSE:AIC) has bought four manufactured home communities as well as undeveloped sites at three manufactured home communities in Florida from Community Acquisition and Development Corp. for total consideration of $36.8 million.Included as...

February 16, 2000 Burnham Pacific Properties (NYSE:BPP) is finally moving in the direction that some of its investors had long hoped it would.The REIT, with the assistance of Goldman Sachs, will provide additional information to a selected group...