January 12, 2000 WEST CONSHOHOCKEN, Pa. – Keystone Property Trust (AMEX:KTR) has completed a 496,000-square-foot distribution facility in Indianapolis for Brightpoint Inc.The project, which is leased to Brightpoint for 20 years, is projected to generate an 11.5 percent...

January 11, 2000Office real estate enters the new decade a clear winner, though its very success is expected to bring slightly higher office vacancy rates in the year 2000. That is the general finding of the year 2000...

January 11, 2000 WASHINGTON – Cushman & Wakefield has been named the exclusive leasing agent for Washington Square, a 700,000-square-foot office building at 1050 Connecticut Avenue NW.Cushman & Wakefield's Mark Minich and Brian Raher, both based in the...

January 11, 2000 Associated PressSAN ANTONIO, Texas – Central Texas development company Barshop and Oles will sell six of its shopping centers. Company president Pat Oles told the San Antonio Express-News that no price has been set for...

January 11, 2000 SCOTTSDALE, Ariz. – Olympus Real Estate Corp. has formed Olympus Hospitality Group, bringing together the brands Rockresorts, Unique Hotels, Park Plaza International and Park Inns International under one operating structure.The new company will aggressively pursue...

January 11, 2000 Entities of French-based AXA have filed a Form SC 13G/A with the SEC that relates to the companies' combined 4.2 percent stake in Correctional Properties Trust (NYSE:CPV).

January 11, 2000 Amresco Inc. (Nasdaq:AMMB) has filed a Form 8-K with the SEC. The report relates to Amresco's sale of its asset management, commercial mortgage banking and real estate structured finance businesses to Lend Lease.

January 11, 2000 Dreman Value Management LLC has accumulated an 11.25 percent interest in Prison Realty Trust Inc. (NYSE:PZN) over the past three months. The firm's purchases were outlined in a Form SC 13D that was filed with...

January 11, 2000 CARY, N.C. – Konover Property Trust Inc. (NYSE:KPT) has sold two of its shopping centers to two private owners for a total of $5.4 million. A 142,000-square-foot property located in Casa Grande, Ariz., and built...

January 11, 2000 Associated PressMILFORD, Conn. – Westfield America (NYSE:WEA) and the city of Milford, Conn., are suing New Haven to stop the construction of a new mall on New Haven's Long Wharf.Their lawsuit alleges that the groups...

January 11, 2000 Criimi Mae will be receiving an estimated $380 million of financing from Merrill Lynch and Deutsche Bank under a proposed recapitalization plan.Go to Previous Story in the IPGDirect.com ArchiveTerms of the debt call for $100...

January 11, 2000 BALTIMORE – Municipal Mortgage & Equity LLC (NYSE:MMA) arranged $41.6 million of financings last month, giving it $200 million of deals for all of 1999.The firm structured a $14.6 million package for the Winter Oaks...

January 11, 2000 St. Joe enters area office marketTampa Tribune, January 11CLEARWATER, Fla. – The St. Joe Co. has entered the Tampa Bay area office market, buying three Clearwater buildings for $28.5 million. The deal involves the Harbourside,...

January 11, 2000 Provincial, federal reluctance jeopardizes convention centerThe Ottawa Citizen, January 11OTTAWA – Ottawa might miss an opportunity to get badly needed convention space because the Ontario government has not made a financial commitment. Supporters of the...

January 11, 2000 NEW YORK – Impac Commercial Holdings Inc. (AMEX:ICH) and Amresco Capital Trust (NASDAQ:AMCT) have terminated their merger agreement.Impac, which is managed by an affiliate of Fortress Investment Group, an opportunistic investment firm led by Wes...

January 11, 2000 HOUSTON – Camden Property Trust (NYSE:CPT) said six executives have purchased 666,000 Camden common shares for $17.5 million.Their purchases were funded by personal loans they received from Bank One. Camden provided a corporate guarantee for...

January 10, 2000 NEW YORK – Wellsford Real Properties Inc. (AMEX:WRP) repurchased 1.5 million of its common stock through Dec. 31 as part of its plan to buy back 2 million shares. The amount purchased represents 7 percent...

January 10, 2000 OAK BROOK, Ill. – CenterPoint Properties Trust (NYSE:CNT) has raised $150 million through the issuance of senior unsecured notes.The notes are due Jan. 15, 2003 and carry a 7.9 percent interest rate. The notes were...

January 10, 2000Moody's has published a Pre-Sale Report for J.P. Morgan Commercial Mortgage Finance Corp., 2000-C9, an $814.4 million conduit issue that includes loans originated by J.P. Morgan and LaSalle Bank.Go to Story in the IPGDirect.com Archive

January 10, 2000 Buckhead's One Alliance Center awaits go-aheadAtlanta Journal-Constitution, January 9ATLANTA – Construction of the fourth office tower on the Buckhead Loop, recently renamed Lenox Road, is expected to start as early as next month. One Alliance...

January 10, 2000 TORONTO – RioCan Real Estate Investment Trust (Toronto:REI.UN) paid Canadian $40 million for four Quebec shopping centers.The properties total 622,000 square feet and were purchased from Burnac Corp. They are anchored by Metro-Richelieu, a dominant...

January 10, 2000 NCC buys 'key' Sparks St. buildingThe Ottawa Citizen, January 10 OTTAWA – The National Capital Commission has bought a 10-story commercial building at the corner of Sparks and Metcalfe streets to start the revitalization of...

January 10, 2000Principal Life, Wells Fargo, John Hancock Mutual Life and Morgan Stanley are planning to team up on a $750 million commercial mortgage-backed securities transaction next month, according to Commercial Mortgage Alert.The newsletter said Morgan Stanley will...

January 10, 2000 NewsTraders.com) -- First Industrial Realty Trust (FR) received an improved outlook from Merrill Lynch, which raised its intermediate-term rating on the real estate investment trust, or REIT, to "accumulate" from "neutral" with a $30 price...

January 10, 2000 Walden Residential Properties Inc. (NYSE:WDN) has filed a Form 8-K with the SEC. The report relates to an amended and agreed merger among Walden, Oly Hightop Corp., and Oly Hightop Parent LP.