February 11, 2000 CHICAGO – A bank group led by Bank of America has agreed to provide an $800 million line of credit to allow Chicago Title Corp. (NYSE:CTZ) to finance its merger with Fidelity National Financial Inc....

February 11, 2000 CHICAGO – A joint venture between Klaff Realty LP and the Lubert-Adler Funds of Philadelphia paid $5.9 million for an 11-property portfolio from the Hechinger Co. at a bankruptcy auction. Seven of the properties, which...

February 11, 2000 Baupost Group, a Boston investment manager, has acquired 2.1 million shares of LNR Property Corp. (NYSE:LNR), giving it an 8.14 percent interest in the real estate firm.The reasoning behind Baupost's investment in LNR could not...

February 10, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $3.2 mln$3.8 mln $13.6 mln $13.2 mln FFO/shr (diluted) $0.42 $0.48 $1.76 $1.68 Extra Gain (Loss) -- -- ($1.3 mln) -- Net Income (Loss) $0.4 mln $1 mln ($1 mln)...

February 10, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $19.2 mln$17.7 mln $68.5 mln $61.1 mln FFO/shr (diluted) $0.36 $0.33 $1.28 $1.16 Net Income (Loss) $5.3 mln$5.7 mln $8.9 mln ($3 mln) Net/shr$0.10 $0.10 $0.16 ($0.06) Revenue$139.3 mln $126.4...

February 10, 2000 By Thomas J. Walsh, IPGDirect.com Senior WriterMerrill Lynch International is leading a ?235 million (US$379.4 million) securitization deal in England, among the first of what many industry watchers expect to be many overseas deals.Collateral is...

February 10, 2000 Moody's has issued a presale report for Mall of America Capital Co. LLC, 2000-1. Go To Presale Report.The $312 million commercial mortgage-backed securities issue is backed by a floating-rate loan that Chase Manhattan Bank and...

February 10, 2000 Anthracite Capital Inc. (NYSE:AHR) has agreed to merge with CORE Cap Inc., a private REIT managed by a unit of GMAC Mortgage Corp.If completed, the merger would add $1.4 billion of assets, primarily residential mortgages...

February 10, 2000 Another spec building rises in Kanata tech parkThe Ottawa Citizen, February 10 OTTAWA – Kanata Research Park will soon get another building – its third speculative. The 150,000-square-foot building will be the first to overlook...

February 10, 2000 Echelon plans more downtown apartmentsOrlando Sentinel, February 10ORLANDO, Fla. – , Echelon International Corp. expects to begin construction in June on its second downtown apartment complex. Plans for Echelon at Uptown call for a five-story...

February 10, 2000 The city of St. Paul, Minn., has approved the sale of the Lawson Commons Building, a 13-story office building on St. Peter Street, for $53.5 million to local developer David Frauenshuh, according to the St....

February 9, 2000 WASHINGTON – CarrAmerica Realty Corp. (NYSE:CRE) is planning to build a 418,000-square-foot office building at Sixth Street and Guadalupe in downtown Austin, Texas. The 23-story building, 300 West Sixth Street, has already been 40 percent...

February 9, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $182.5 mln$159.5 mln $685.7 mln $597.1 mln FFO/shr (diluted) $0.68 $0.61 $2.57 $2.33 Extra Gain (Loss) -- -- ($10.5 mln) ($7.5 mln) Net Income $134.3 mln $88.9 mln $382.1 mln...

February 9, 2000 WASHINGTON – Marriott Senior Living Services, a division of Marriott International Inc. (NYSE:MAR), and Toll Brothers Inc. (NYSE:TOL) have partnered to develop and manage an assisted living community in Reston, Va.Marriott MapleRidge of Reston, to...

February 9, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $11.1 mln$5.7 mln $32.8 mln $16.1 mln FFO/shr (diluted) $0.47 $0.40 $1.79 $1.35 Extra Gain (Loss) -- ($0.1 mln) -- ($0.1 mln) Net Income $1.2 mln $1.4 mln $6.3 mln...

February 9, 2000 Associated PressNORTH BERGEN, N.J. – Hartz Mountain Industries Inc. has leased 348,000 square feet of warehouse space here to Webvan Inc., a San Francisco-based online grocer.Webvan signed a 10-year lease valued at more than $30...

February 9, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98Net (Loss) Income ($58.4 mln) $22 mln $15 mln $59 mln Net (Loss)/shr($0.80) $0.40 $0.25 $1.36 Revenue$89.5 mln $48.3 mln $264.8 mln $128.1 mln Shares outst.75.3 mln 55.2 mln 61.8 mln...

February 9, 2000 NORTHBROOK, Ill. – Grubb & Ellis Co. (NYSE:GBE) has grabbed a toehold on the Hawaii market by entering into an affiliation with CBI Inc., a Honolulu real estate firm with strong ties to the Japanese...

February 9, 2000 Associated PressKENNEBUNKPORT, Maine – A hotel long used as a media center for reporters covering President Bush is up for sale. The Shawmut Ocean Resort & Conference Center is on the market for $8.5 million....

February 9, 2000 LOS ANGELES – Kearny Real Estate Co. has sold 6330 San Vicente Boulevard, a 100,000-square-foot office building in Beverly Hills for $15 million, or $150/sf.The five-story building was sold to Lexington Commercial Holdings of Beverly...

February 9, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $20.1 mln$16.9 mln $72.5 mln $58 mln FFO/shr (diluted) $0.87 $0.79 $3.23 $2.91 Extra Gain (Loss) -- ($11.7 mln) ($0.4 mln) ($16.4 mln) Net Income $46.6 mln $12 mln$82.2 mln...

February 9, 2000 By Thomas J. Walsh, IPGDirect.com Senior WriterPrice guidance on a $458 million commercial mortgage-backed securities deal from Fannie Mae, FNMA 2000-M1, was re-set today in response to changing swap spreads. New price talk – reflecting...

February 9, 2000 Following is a speech that Nottingham gave at a seminar sponsored by the Practicing Law Institute.A major mutual fund company is reviewing sites for a national call center. Their broker, who is unfamiliar with the...

February 9, 2000 CHICAGO – First Industrial Realty Trust Inc. (NYSE:FR) sold $245.8 million of properties last year, topping the $150 million of sales it had projected.The sales were made at prices that resulted in a melded initial...

February 9, 2000 Andrew L. Farkas, chairman and chief executive of Insignia Financial Group Inc. (NYSE:IFS) has transferred a total of 406,664 of Insignia common shares to his ex-wife as part of a divorce settlement.Farkas remains the largest...