December 20, 1999 SPOKANE, Wash – Cavanaughs Hospitality Corp. (NYSE:CVH), an owner and operator of full-service hotels in the Northwest, has agreed to acquire WestCoast Hotels Inc., a competing hotel company based in Seattle.Terms of the deal, which...

December 20, 1999 BCIMC takes on $4-Bln portfolioVancouver Sun, December 18 VANCOUVER – When a little-known arm of the B.C. government last week bought Canadian Imperial Bank of Commerce's real estate portfolio, the public employees' pension fund was...

December 20, 1999 (NewsTraders.com) -- McDonald Investments analyst Anatole Pevnev initiated coverage of Alexandria Real Estate Equities (NYSE:ARE) today with a "buy" rating and a 12- to 18-month price target of $31.Pevnev commented that Alexandria operates as a...

December 17, 1999 (NewsTraders.com) -- Two officers at Ocwen Financial Corp. (NYSE:OCN) combined to sell 117,000 shares of the savings and loan holding company in November, according to Form 4 filings released Dec. 15 by the SEC.Senior Managing...

December 17, 1999 WASHINGTON, DC – Pamela Hinton has been named president of The Society of Industrial and Office Realtors. Hinton replaces Bonnie S. Gottlieb, who had been president since early 1998.Hinton has been senior vice president of...

December 17, 1999 ORLANDO, Fla. – CNL American Properties Fund Inc. has provided $56.1 million of debt financing to the buyers of 54 Wendy's restaurants in the Memphis, Tenn., area.The financing was provided to Valenti Mid South Management...

December 17, 1999 CV REIT Inc. (NYSE:CVI) has filed a Form 8-K with the SEC. This current report includes the Dec. 10 agreement and plan of reorganization and merger among Kranzco, KRT Trust, CV REIT and Kramont Realty...

December 17, 1999 WASHINGTON – REITs can now generate income from a wider variety of activities, thanks to a bill that was signed into law by President Bill Clinton. The law also reduces the share of taxable income,...

December 17, 1999 (NewsTraders.com) -- Camden Property Trust (NYSE:CPT) is registering to sell up to $660 million of mixed securities under an S-3 shelf filing released by the SEC this afternoon.The securities include debt, warrants, and preferred and...

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 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 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 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 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 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 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,...