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...

February 15, 2000 By Thomas J. Walsh, IPGDirect.com Senior WriterCiting the spike in interest rates so far this year, Greenwich Capital Markets has started offering floating-rate loans through its conduit loan program.The investment bank's "bridge-to-perm" program allows borrowers...

February 15, 2000 (NewsTraders.com) -- Coverage on Brandywine Realty Trust (BDN) was introduced today by First Union Securities analyst Christopher Haley, who initiated the firm with a "buy" rating and an $18 price goal.The analyst noted that the...

February 15, 2000 ATLANTA – Post Properties Inc. (NYSE:PPS) has sold Post River – a 213-unit apartment community in Atlanta – to Focus Group LLC. The sale generated $31.5 million in net proceeds, which will be used for...

February 15, 2000 ATLANTA – J.P. Morgan Mortgage Capital Inc. has added two production specialists and an underwriter.The conduit lender hired Christine Wojick, a former lending officer with Llama Capital Mortgage, at its Atlanta production office. It also...

February 15, 2000 NEW YORK – Drew O'Malley, a former managing director with Insignia/ESG, has joined DLJ Realty Services Inc. as senior vice president and head of agency leasing in the New York region.DLJ Realty is a unit...

February 15, 2000 Chaim Katzman, M.G.N. (USA) Inc., Gazit (1995) Inc. and Gazit-Globe (82) Ltd. together have taken a 66.4 percent stake in Equity One Inc. Trust (NYSE:EQY).The Israeli and U.S. entities, which have purchased a total of...

February 15, 2000 GREAT NECK, N.Y. – One Liberty Properties Inc. (AMEX:OLP) has bought, through a wholly owned subsidiary, a 51,000-square-foot building located in Plano, Texas, for about $7.65 million, or $150/sf.The 4.3 acres site contains a single-story...

February 15, 2000 Associated PressAMES, Iowa – Iowa State University is considering selling its 66-year-old publishing house. Increased competition and the lack of a permanent director have prompted the school's board of directors to look at a sale,...

February 15, 2000 Associated PressTOKYO – L Kakuei Corp., a Tokyo real estate developer, filed for court bankruptcy protection on today, according to a Japanese credit research agency. L Kakuei applied to the Tokyo District Court under the...

February 15, 2000 Nortel spending triggers fiber-optic boom townThe Ottawa Citizen, February 15OTTAWA – Nortel Networks Corp. will spend more than U.S. $100 million of its $400 million expansion push in the Ottawa area during the next 18...

February 15, 2000 Hardin Construction sues Citicorp for millionsTampa Tribune, February 15TAMPA, Fla. – Hardin Construction group, which built Citicorp's company's $100 million, 100-acre corporate campus in east Tampa, is suing the financial giant, claiming it still owes...

February 15, 2000 (NewsTraders.com) -- JDN Realty (JDN) was downgraded to "underweight" from "aggressive buy" today in a rating demotion handed down from McDonald Investments analyst Richard Moore, who cited accounting snafus at the real estate investment trust,...

February 14, 2000 Associated PressCHARLOTTE AMALIE, U.S. Virgin Islands – The largest oil refinery in the Western Hemisphere has received $600 million in financing to build a crude oil processing plant and repay bank debts, company officials said....

February 14, 2000 Associated PressCHICAGO – Prudential Plaza and the equally prominent 333 W. Wacker Drive office building are for sale, according to Crain's Chicago Business. Prudential Insurance Co., owner of the two-building Prudential Plaza, pulled the project...

February 14, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $11 mln$11.7 mln $45.6 mln $42.3 mln FFO/shr (diluted) $0.56 $0.51 $2.12 $1.85 Extra Gain (Loss) -- -- ($0.3 mln) -- Net Income $7 mln $8.2 mln $39.9 mln $31.5...

February 14, 2000TORONTO – TrizecHahn Corp. (NYSE: TZH) will restructure its real estate operations in a bid to bolster its sagging share price. The company plans to reduce its North American office portfolio this year by selling assets...

February 14, 2000Two ideas put forward for convention centerThe Ottawa Citizen, February 13OTTAWA – Two proposals to expand the city's convention space would transform the Rideau Centre and the area around. The first proposal would extend the Ottawa...

February 14, 2000 Taylor & Mathis building in Gwinnett and CobbAtlanta Business Chronicle, February 14ATLANTA –Taylor & Mathis Inc. is developing more speculative office space at two of its suburban parks after recent successful leasing. The company is...