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 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 15, 1999Associated PressSAN FRANCISCO – Oil giant Chevron Corp. has sold its two San Francisco headquarters buildings to a venture between Tishman Speyer and Travelers Insurance for $189 million, or $252/sf.The two buildings are at 555 Market...

December 15, 1999 SEATTLE – Franchise Finance Corp. of America (NYSE:FFA) has struck an agreement to sell loans that it originates to Washington Mutual Inc. (NYSE:WM). But the lender is still planning to securitize up to $400 million...

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...

December 14, 1999 CHICAGO – Prime Group Realty Trust (NYSE:PGE) has completed its $238 million purchase of IBM Plaza, a 1.4 million-square-foot office building in Chicago.The REIT financed its acquisition with a $160 million first mortgage from Westdeutsche...

December 14, 1999 AMB Property Corp. (NYSE:AMB) has filed a Form 8-K with the SEC.

December 14, 1999 First Union National Bank, Commercial Mortage Trust, Series 1999-C4ClassAmount($mln)Sub. Level(%)RatingS&PRatingDuff & PhelpsAvg.LifePriced(BP)Bnch.MarkA-120626.25AAAAAA5.4+100.5Treas.A-2447.326.25AAAAAA9.7+119.75Treas.B through F*144--AA to BBB-AA to BBB-------G33.26.25BB+NR**10.8----H11.15BBNR11.6----X885.8--AAArAAA9N/A**N/A* Classes B through F, rated AA to BBB-, were pre-purchases and therefore not available.** Not available.

December 14, 1999 Kranzco Realty Trust (NYSE:KRT) has filed a Form 8-K with the SEC. The filing includes the Dec. 10 Agreement and Plan of Reorganization and Merger, which details how Kramont, the company formed by a merger...

December 14, 1999 Wellington Properties Trust (AMEX:RPPa) has filed a Form DEF 14A with the SEC. The proxy has been filed in preparation for Wellington's annual shareholders' meeting in Minneapolis on Dec. 29.

December 14, 1999 Franklin Select Realty Trust (AMEX:FSN) has filed a Form DEFS14A with the SEC. The proxy is filed in preparation for a special shareholders' meeting to be held on Jan. 25 in San Mateo, Calif.

December 14, 1999 REIT to focus on Orlando holdingsOrlando Sentinel, December 14ORLANDO, Fla. – Highwoods Properties is closing next week on the sale of 21 properties in Orlando and Tampa for $165.3 million. But the REIT is moving...