January 19, 2000 HORSHAM, Pa. – State Farm Life Insurance Co. of Bloomington, Ill., has provided $25 million of permanent financing for 799 Market Street, an office/retail property in San Francisco. The financing was arranged by GMAC Commercial...

January 19, 2000 Franklin Resources Inc. and its affiliates have taken a 5.5 percent interest in Arden Realty Inc. (NYSE:ARI).The stake was detailed in a Form SC SC 13G/Athat was filed with the SEC.

January 19, 2000 HONG KONG – A pressing need to refinance, coupled with a better balance in the supply and demand for office buildings is driving the issuance of commercial mortgage-backed securities in Japan, says Duff & Phelps.The...

January 19, 2000 Associated PressBOSTON – Rents for office space in Boston exceed $50/sf – the first time they have ever been at that level. But the market has not yet responded by constructing more offices. Despite upbeat...

January 19, 2000 By Brad Berton, IPGDirect.com Contributing EditorSEATTLE – Simpson Housing LP paid $7.9 million for 11.7 acres in suburban Seattle on which it plans to develop a 272-unit apartment complex.Part of the Denver firm's project will...

January 19, 2000 SAN FRANCISCO – Public real estate companies will report financial results that are better than expectations, according to analysts at Robertson Stephens."While we are predicting few positive and negative surprises and believe that most companies...

January 19, 2000 NCC to raze, rebuild entire blockThe Ottawa Citizen, January 19 OTTAWA –The National Capital Commission wants to demolish a downtown block and replace it with office towers, stores, restaurants and apartments in what would be...

January 19, 2000 Future of mixed-use Southbank projectto be determined soonFlorida Times-Union, January 19JACKSONVILLE, Fla. – Developers are deciding whether the $75 million St. John's Center project will rise from the Southbank. Hallmark Partners and Stiles Corp. have...

January 19, 2000 Lend Lease Real Estate Investments Inc. paid $51.6 million, or $217 per square foot, for 3 Imperial Promenade outside of the John Wayne International Airport in Orange County, Calif.The pension-fund adviser bought the 239,000-sf office...

January 19, 2000 LOS ANGELES – CB Richard Ellis (NYSE:CBG) has put Gregory S. Vorwaller, the president of its investment properties group, in charge of coordinating its national multi-housing group.The unit accounted for more than a third of...

January 19, 2000Associated PressSOMERSET, Ky. – A twin-engine plane crash south of the Somerset airport killed the founder of Hart Corp., a Pennsylvania real estate company, and three employees. "We're saddened by the loss of our founder and...

January 19, 2000 NEW YORK – Lend Lease Corp. has appointed Jill Ker Conway as chair elect. She will replace Stuart Hornery, who will retire as chairman in November.Conway, an Australian, will be based in Boston. She has...

January 18, 2000 Hewlett-Packard Co. is closing, and will ultimately sell, a 300,000-square-foot plant in Greeley, Colo.The city of Greeley is hoping to attract a buyer willing to occupy the building, which sits on a 380-acre parcel on...

January 18, 2000 NEW YORK – Kennedy-Wilson Inc. (NASDAQ:KWIC) has opened an investment sales office in Houston.Steven A. Dome, a 10-year veteran of the firm's commercial group, is in charge of the office, which becomes the third investment-sales...

January 18, 2000 NEW YORK – Lexington Realty Advisors Inc., an affiliate of Lexington Corporate Properties Trust (NYSE:LXP), will develop a 195,000-square-foot light manufacturing facility on a 40-acre site in Chester, S.C. – about thirty miles south of...

January 18, 2000 Franklin Resources Inc. and its affiliates have taken a 7.2 percent interest in Alexandria Real Estate Equities Inc. (NYSE:ARE). The stake was detailed in a Form SC 13G/A that was filed with the SEC.

January 18, 2000 J.P.Morgan Commercial Mortgage Finance 2000-C9ClassAmount($mln)Sub.Level(%)RatingMoody'sRatingFitchAvg.LifeFinalpricing(BP)BnchMarkA-120025.75AAAAAA5.47+96Treas.A-2404.725.75AAAAAA9.53life+113Treas.B36.621.25AA2AA9.72+133Treas.C38.716.5A2A9.72+148Treas.D10.215.25A3A-9.72+160Treas.E28.311.75Baa2BBB9.8+200Treas.F14.310Baa3BBB-9.81+275Treas.X*814.4N/AAAAAAAN/A+395Treas.*Notional amount only.

January 18, 2000 Robert S. Taubman, president and chief executive of Taubman Centers Inc. (NYSE:TCO), has accumulated a 6.7 percent interest in Taubman Centers.Taubman's most recent stock purchases were the result of stock options that were vested. His...

January 18, 2000 Call center to expand in Lake MaryDaytona Beach News-Journal, January 18LAKE MARY, Fla. - Convergys Corp. plans a $30-million expansion of its data center and office complex here. Phase Two - a three-story, 171,000-square-foot building...

January 18, 2000 BALTIMORE – Prime Retail Inc. (NYSE:PRT) has suspended the dividend it pays on its common shares, as well as the dividend it pays on limited partnership units of Prime Retail LP, its affiliated operating partnership.Prime...

January 18, 2000 Franklin Mutual Advisers LLC owns 4 million, or 20 percent, of the outstanding common shares of Wellsford Real Properties Inc. (AMEX:WRP)The mutual-fund company's holdings were detailed in a Form 13G that was filed with the...

January 18, 2000Westbrook Real Estate Partners and its affiliates have taken a 12.36 percent interest in Burnham Pacific Properties Inc. (NYSE:BPP). The stake was detailed in a Form SC 13D that was filed with the SEC.In addition, Burnham...

January 18, 2000 (NewsTraders.com) -- Six officers at Post Properties Inc. (NYSE:PPS) combined to purchase a total of 127,890 shares of the company from December 13 to December 31, according to Form 4 filings released by the SEC...

January 18, 2000 (NewsTraders.com) -- Fir Tree Partners, which in early December reported having amassed a 6.5% equity position in Prison Realty Trust Inc. (NYSE:PZN), liquidated its stake later in the month, with the majority of sales occurring...

January 17, 2000 NCC gets $40M to buy buildings on Sparks StreetThe Ottawa Citizen, January 17 OTTAWA – The National Capital Commission has $40-million with which to buy properties as part of its plan to revitalize Sparks Street...