January 21, 2000 Jacksonville OKs business parkFlorida Times-Union, January 21JACKSONVILLE, Fla. – The city has given Highwoods Properties Inc. the go-ahead to clear land for its newest business park in Southside. Highwoods will clear 23 acres at 7805...

January 21, 2000 CHICAGO – Prime Group Realty Trust (NYSE:PGE) has signed a tenant to a ten-year lease at an industrial building the company will construct in its 186-acre Prime Aurora Business Park in Aurora, Illinois.Amurol Confections Co.,...

January 21, 2000 NEW YORK – Starwood Hotels has unveiled plans to convert New York's landmark Guardian Life building into a luxury hotel.The 20-story former office building, built in 1911, is scheduled to open in November as the...

January 21, 2000 ALEXANDRIA, Va. – AvalonBay Communities Inc. (NYSE: AVB) has completed construction of two luxury apartment communities in Fort Lee, New Jersey, and in San Francisco.Avalon Crest in Fort Lee, N.J., contains 351 apartment homes in...

January 21, 2000 WASHINGTON – CarrAmerica Realty Corp. (NYSE:CRE) has completed Ten Parkway North, a 100,000-square-foot office building in Deerfield, Illinois.The Markel Corp.'s Shand/Evanston Group, an insurance and underwriting company, occupies 66,720 sf, or 67 percent of the...

January 21, 2000 HOUSTON – FirstCity Liquidating Trust has begun shopping its majority interest in the First City Tower at 1001 Fannin St. in downtown Houston.The settlement of a lawsuit concerning the 49-story building has cleared the way...

January 21, 2000 The executive office suites affiliate of CarrAmerica Realty Corporation (NYSE: CRE), HQ Global Workplaces Inc., has entered into a merger agreement with Vantas Incorporated, the executive office suites subsidiary of FrontLine Capital Group (Nasdaq: RSII).CarrAmerica...

January 20, 2000 Charles E. Smith Residential Realty Inc. (NYSE: SRW) has filed a Form 8-K/A (AmendedCurrent Report) with the SEC.

January 20, 2000  4th-Qtr 994th-Qtr 9812-mos 9912-mos 98Net Income$21.0 mln$20.7 mln95.6 mln73.3 mlnNet/shr$0.58$0.57$2.63$2.02Revenue$88.8 mln $74.9 mln$348.0 mln$250.8 mlnShrs outst.36.2 mln36.0 mln36.3 mln36.3 mlnGo to Full Earnings Announcement

January 20, 2000 Crescent Real Estate Equities Co. (NYSE: CEI) has filed a Form SC 13G (Statement ofBeneficial Ownership) with the SEC.

January 20, 2000 United Investors Realty Trust (NYSE: UIRT) has filed a Form 3 (Initial Statement ofBeneficial Ownership) with the SEC.

January 20, 2000 Host Funding Inc. (NYSE: HFD) has filed a Form 3 (Initial Statement of BeneficialOwnership) with the SEC.

January 20, 2000 WASHINGTON, DC – Higher interest rates have taken a toll on the sale of apartment complexes.So says a survey of 86 apartment company executives conducted by the National Multi Housing Council. Of those responding to...

January 20, 2000Go To Moody's Pre-Sale Report. Deutsche Banc Alex. Brown – COMM 2000-FL1ClassAmount($mln)Sub. Level(%)RatingMoody'sRatingS&PAvg.LifePriceTalk(BP)BnchMarkA699.530.25AaaAAA2.1+30-353-mo. LiborB57.724.5Aa2AA2.7+50-553-mo. LiborC12.523.25Aa2AA-2.7+60-653-mo. LiborD57.717.5A2A2.7+100-1103-mo. LiborE2015.5A2--2.7+110-1203-mo. LiborF40.111.5Baa1--2.7200 area3-mo. LiborG1510Baa2--2.7215 area3-mo. LiborH60.24Baa3--3300 area3-mo. LiborJ152.5Ba1--2.7--3-mo. LiborK250.0Ba2--2.7--3-mo. LiborX*$1.002BlnN/AN/AN/A----3-mo. Libor* Notional amount only.

January 20, 2000 CHICAGO – The downtown Chicago office market ended the year with a 10.5 percent vacancy rate, according to Cushman & Wakefield.Leasing activity for the year totaled 9.1 million square feet. Net absorption, or the amount...

January 20, 2000 Technodome still under studyThe National Post, January 20MONTREAL – The Reichmann family's $1 billion Technodome amusement park remains a proposal as Montreal officials continue to study the impact the park would have on the city's...

January 20, 2000 Blue Lake Business Park for sale?Palm Beach Post, January 20BOCA RATON, Fla. – Sources say the 557-acre Blue Lake Business Park, the former IBM campus in Boca Raton, could be sold to a real estate...

January 20, 2000 Cornerstone Realty Income Trust Inc. (NYSE: TCR) has filed a Form 8-K (Current Report)with the SEC.

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 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...