December 27, 1999 Criimi Mae Inc. (NYSE:CMM) has filed Form 8-K with the SEC that details the REIT's amended plan of reorganization. The plan calls for Criimi to be recapitalized with $873 million of funding. Merrill Lynch and...

December 27, 1999 NEW YORK – Fitch IBCA has affirmed ratings of Resolution Trust Corp., 1991-M6. The action follows the release of $11.9 million from the issue's reserve fund to cover certain losses allocated to the issue's Class-B...

December 27, 1999 Associated Press CHARLESTON, S.C. – The future of the L. Mendel Rivers Federal Office Building here is uncertain, but the city's mayor would like to see the prime piece of real estate back in use...

Washington D.C. is exploring selling several government office buildings, according to the Washington Post.The city would sell certain buildings in order to move the agencies that currently occupy them into neighborhoods. Among the buildings that could be offered...

December 27, 1999 Gentra goes ahead with stock buybackThe National Post, December 27 TORONTO – After unsuccessfully bidding to acquire the properties of Royal Bank of Canada and Canadian Imperial Bank of Commerce, Gentra Inc. plans to buy...

December 27, 1999 Price is right on 75 acres: no chargeSouth Florida Business Journal, December 27PALM BEACH GARDENS, Fla. – Catulfumo Construction and Development Co. wants to give away 75 prime acres at PGA Boulevard and I-95 in...

December 27, 1999 (NewsTraders.com) -- First Union Securities has lowered its 2000 earnings estimate for AvalonBay Communities (NYSE:AVB) due to continued dilution as the impact from asset sales is greater than expected.Accordingly, the brokerage firm is modifying its...

December 27, 1999 Wilshire Real Estate Investment Trust Inc. (NYSE:WREI) has filed a Form 8-K (CurrentReport) with the SEC.

December 27, 1999 NASHVILLE, Tenn. – An investment team comprised of Fortress Investment Group LLC, Blackstone Group and Bank of America have agreed to invest up to $350 million in Prison Realty Trust Inc. (NYSE:PZN), effectively recapitalizing the...

December 23, 1999VertiNews.com's Commercial Real Estate News will not be publishing tomorrow, in observance of the Christmas holiday. See you again on Monday, Dec. 27

December 23, 1999 Associated Press, ASIA WorldSources Inc.BANGKOK – A false sense of optimism has crept into the Bangkok property market, warns Martello Holdings, the international real estate restructuring and investment advisory group. "What we need is realism...

December 23, 1999 Seattle Coffee Co. eyeing Second CupThe National Post, December 23TORONTO – AFC Enterprises Inc., one of the world's largest private food services Conglomerates, is considering a bid to purchase Toronto-based Second Cup Ltd. as part...

December 23, 1999 A group led by Brickman Associates paid Cigna $10.5 million for 900 King Street, a 207,000-square-foot office building in Rye Brook, N.Y.Brickman, a New York real estate firm, will serve as leasing agent and property...

December 23, 1999 In a statement issued today, the National Association of Real Estate Investment Trusts enthusiastically quoted former Vanguard Group portfolio manager John Neff, who anticipates solid REIT performances "when the market shakes off its high-tech stupor."Neff...

December 23, 1999 NEW YORK – Carey Diversified LLC (NYSE:CDC) has purchased an office and call center facility that is leased to BellSouth Telecommunications under a ten-year, two month net lease.The acquisition was structured as a property-for-stock swap,...

December 23, 1999 LOS ANGELES – Kilroy Realty Corp. (NYSE:KRC) has signed an 11-year lease agreement with eToys for the entire four-story, 151,000-square-foot office building currently under construction at KRC's Westside Media Center in West Los Angeles.Under the...

December 23, 1999 ST. CHARLES, Md. – American Community Properties Trust's (AMEX:APO) subsidiary, Interstate General Properties, has completed the sale of six acres of commercial land in San Juan, Puerto Rico, for $6.5 million.Caribe Ford, a Ford Motor...

December 23, 1999 DENVER – ProLogis (NYSE:PLD) has obtained a 325 million Euro (US$330 million) revolving line of credit through a syndicate of 17 banks.The company plans to use the line of credit to finance the development of...

December 23, 1999 Gateway Center fetches $31 MlnOrlando Sentinel, December 23ORLANDO, Fla. – LaSalle Investment Management has paid $31 million for the Gateway Center, a 16-story office building overlooking Lake Ivanhoe in downtown Orlando. The 229,322-square-foot building is...

December 23, 1999 SAN FRANCISCO – AMB Property Corp. (NYSE:AMB) has raised a total of $150 million of equity for AMB Institutional Alliance Fund I, which will buy and develop industrial properties near major transportation hubs.The REIT plans...

December 22, 1999 NEWTOWN SQUARE, Pa. – Brandywine Realty Trust (NYSE:BDN) has sold 100 West Road, in Towson, Md., to Maryland State Retirement and Pension Systems for $16.3 million, or $136 per square foot.The 119,980-sf, five-story office building...

December 22, 1999 Criimi Mae Inc. (NYSE:CMM) has filed Form 8-K with the SEC.

December 22, 1999 ARLINGTON, Va. – Charles E. Smith Residential Realty Inc. (NYSE: (NYSE:SRW) is buying a portfolio containing 2,669 apartment units in Southeast Florida from a partnership of institutional investors for $178 million, or $66,700/unit.The portfolio includes...

December 22, 1999 Franchise Finance Corp. of America (NYSE:FFA) has filed a Form 8-K with the SEC.

December 22, 1999 Chase picks Dallas, Tampa over AtlantaAtlanta Journal-Constitution, December 22ATLANTA – Chase Manhattan, which had been looking in Atlanta's northern arc to build up to one million square feet of office space, has decided to relocate...