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 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 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 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 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...

January 17, 2000 Success has park seeing doubleSt. Petersburg Times, January 17SAN ANTONIO, Fla. – One Pasco Center could double its number of business tenants thanks to a booming economy and heightened interest in cheap land. Developers at...

January 14, 2000 NEW YORK – Bear Stearns will publish, on a monthly basis, reports detailing vital statistics of commercial mortgage securities transactions that it was involved in. The Bear Stearns CMBS Monthly Quality Report will also contain...

January 14, 2000 Tenants forsake old buildings for newOrlando Sentinel, January 14ORLANDO, Fla. – More tenant shifts are under way in downtown Orlando because of new construction. Vacancies are rising downtown as new buildings come on line. Cushman...

January 14, 2000 BLOOMFIELD HILLS, Mich. – Taubman Centers Inc.(NYSE:TCO) is taking full ownership of the Twelve Oaks mall in Novi, Mich., while giving Rodamco North America full ownership of the Lakeside mall in Sterling Heights.The two firms...

January 14, 2000 Public Works shops for spaceThe Ottawa Citizen, January 14OTTAWA – The federal Public Works Department is in the market for up to 500,000 square feet of office space for the federal government. The interest comes...

January 14, 2000 By Debra Beachy, IPGDirect.com CorrespondentHOUSTON -- A burst of construction sparked by rising oil prices placed Houston among those cities nationwide with the largest increase in availability of industrial space in the third quarter, the...

January 14, 2000 J.P.Morgan Commercial Mortgage Finance 2000-C9ClassAmount($mln)Sub.Level(%)RatingMoody'sRatingFitchAvg.LifePricetalk(BP)BnchMarkA-120025.75AAAAAA5.47+96-98Treas.A-2404.725.75AAAAAA9.53+114-116Treas.B36.621.25AA2AA9.72+131-134Treas.C38.716.5A2A9.72+148-151Treas.D10.215.25A3A-9.72+160-163Treas.E28.511.75Baa2BBB9.8+200 areaTreas.F14.310Baa3BBB-9.81+275 areaTreas.X*814.4N/AAAAAAAN/A+380 areaTreas.*Notional amount only.

January 14, 2000 SACRAMENTO, Calif. – The California Public Employees' Retirement System said it has begun a national search for a chief investment officer to replace Sheryl K. Pressler, who stepped down to take the post of chief...