December 17, 1999 AUSTIN, Texas – SiteStuff.com, a website designed to facilitate the purchase of goods and services by property owners, has raised about $5.5 million of venture-capital funding from Sevin Rosen Funds, Centerpoint Ventures, Rho Management, Ernst...

December 17, 1999 Cornerstone Properties Inc. (NYSE:CPP) is planning to issue 16.2 million common shares to holders of an equal number of shares in Cornerstone Properties LP, the REIT's affiliated limited partnership. The REIT's plan was disclosed in...

December 17, 1999 GARDEN GROVE, Calif. – Bank of America has provided The Abbey Co. with a $100 million revolving credit line backed by five properties. The line is an interest-only, variable-rate vehicle pegged to Libor."It provides for...

December 17, 1999 (NewsTraders.com) -- An investment group including Fixed Income Associates and Bracebridge Capital are unhappy with Capstead Mortgage Corp.'s (CMO) recent deal to sell a portion of itself to another investment party.The Fixed Income group, which...

December 17, 1999 Whispers of La Ronde deal go roundMontreal Gazette, December 17 MONTREAL – A deal may be near that would clear the way for the Reichmann family to build a $1-billion sports and entertainment theme park...

December 16, 1999 Capstead Mortgage Corp (NYSE: CMO) has filed a Form SC 13E4/A (Amended Issuer TenderOffer Statement) with the SEC.

December 16, 1999 CHARLOTTE, N.C. – Summit Properties Inc. (NYSE:SMT) has completed its 1999 disposition program with the sale of a 180-unit apartment community in Greenville, S.C., for about $8 million.The sale of the community, formerly named Summit...

December 16, 1999 Kilroy Realty Corp. (NYSE:KRC) has filed a Form 8-K with the SEC.

December 16, 1999 CLEVELAND – First Union Real Estate Investments (NYSE:FUR) has completed the sale of six southwest regional malls to a joint venture of Whitehall Street Real Estate LP XI (a fund sponsored by Goldman Sachs) and...

December 16, 1999 BETHESDA, Md. – First Washington Realty Trust Inc. (NYSE:FRW) has sold a 63,000-square-foot shopping center in Bolingbrook, Ill., for $9.2 million.A private investment partnership bought Pheasant Hill Plaza with a combination of cash and the...

December 16, 1999 CDC Securitization Corp., Series 1999-FL1ClassAmount($mln)Sub. Level(%)RatingMoody'sRatingFitchAvg.LifePriced(BP)BnchMarkA289.647AAAAAA1.98+45LiborB4139.5AA2AA2.25+68LiborC43.731.5A2A2.98+130LiborD43.723.5BAA2BBB2.98+230LiborE21.919.5NRBBB-2.98+350Libor

December 16, 1999 LABELLE, Fla.– Alico Inc., an agricultural company in Florida, has agreed to sell 2,500 acres of land in Lee County to Naples/Dallas Venture Inc. for $50 million.Naples/Dallas, whose principals include Florida Real Estate Consultants, will...

December 16, 1999 Miami firm offers bid on Equitable BuildingAtlanta Journal-Constitution, December 16ATLANTA – Parmenter Co. is negotiating with Jones Lang LaSalle and Nippon Landic Co. to buy the 594,000-square-foot Equitable Building on Peachtree Street in downtown. The...

December 16, 1999 Franchise Finance Corp. of America (NYSE:FFA) has filed a Form S-8 with the SEC. This registration statement relates to an additional 1.5 million shares of the company's common stock including the preferred share purchase issuable...

December 16, 1999 B.C. Pension fund eyes Sun Life buildingNational Post, December 16TORONTO – Fresh off the massive purchase of the property portfolio of Canadian Imperial Bank of Commerce, the British Columbia Investment Management Corp. has made an...

December 15, 1999 Ohio firm to start work on Southpoint office developmentFlorida Times-Union, December 15JACKSONVILLE, Fla. – Ohio-based Miller-Valentine Group plans to start construction this month on an $11-million office development in Southpoint. Plans call for a three-story,...

December 15, 1999 Bell sells property unit National Post, December 15TORONTO – Bell Canada will sell its wholly owned property management unit to Profac Facilities Management Services Inc., a joint venture owned by Bracknell Corp. and SNC-Lavalin Inc....

December 15, 1999 ATLANTA – JDN Realty Corp. (NYSE:JDN) has sold three North Carolina shopping centers with a total of 1 million square feet of space to a private REIT affiliated with a pension fund for $78.5 million.JDN...

December 15, 1999 Goldman Sachs has agreed to pay $100 million to Colgate-Palmolive for three development sites on 20 acres on the Jersey City waterfront.According to the Wall Street Journal, the investment bank will construct a massive mixed-use...

December 15, 1999 Tishman Speyer Properties has agreed to pay $540 million, or $415/sf, for 666 Fifth Avenue in Midtown Manhattan, according to the Wall Street Journal.The 1.3 million-square-foot office building is being purchased from Sumitomo Realty &...

December 15, 1999 CHICAGO – Lend Lease US Office Trust, a unit of Lend Lease Real Estate Investments Inc., has completed the purchase, for $533.9 million, of an interest in seven office buildings owned by Equity Office Properties...

December 15, 1999 NEW YORK – Duff & Phelps Credit Rating Co. has upgraded $591 million of cumulative preferred stock of Apartment Investment and Management Co. (NYSE:AIV) to double-B-plus from double-B.The upgrade is based on improvement in AIMCO's...

December 15, 1999 Equity Office Properties Trust (NYSE:EOP) has filed a Form 8-K (Current Report) withthe SEC.

December 15, 1999 LOS ANGELES – GIC Real Estate Inc., the real estate investment arm of the Government of Singapore Investmetn Corp., has committed to invest $20 million to Commercial Mortgage Investment Trust Inc., a private REIT managed...

December 15, 1999 NEW YORK – Lexington Corporate Properties Trust (NYSE:LXP) has sold a 133,861-square-foot retail property in Federal Way, Wash., for $15.2 million.The property is net-leased to Eagle Hardware & Garden Inc., which pays $1.23 million of...