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 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 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 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 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 Associated PressPHILADELPHIA – The Philadelphia Museum of Art will receive a $15 million unrestricted gift from its board chairman to purchase the Reliance Standard Life Insurance Co. building, an Art Deco landmark just across Kelly...

January 21, 2000CHICAGO – AMLI Residential Properties Trust (NYSE: AML) has again teamed with a Dutch pension fund to purchase a 419-unit luxury apartment community in Houston, Texas.Although a purchase price was not disclosed, it is believed to...

PARSIPPANY, N.J. – Switzerland, Germany, France, and the Netherlands are the safest real estate markets to invest in, while Peru, Venezuela, Indonesia and Russia represent the riskiest markets, according to a study of country risk premiums released today...

January 21, 2000 Stuart Dauman and Karen Zimmerman, the co-leaders of Credit Suisse First Boston's real estate operations, resigned this week, according to Commercial Mortgage Alert.The resignations were expected in the wake of the departure of former First...

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 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 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...