December 10, 1999 NEW YORK – Loews Hotels has signed a letter of intent to build a 432-unit hotel in Boston with Sawyer Enterprises.The 28-story Loews Boston will be built on the corner of Tremont and Stuart streets...

December 10, 1999 By B.J. Lee, VertiNews.com CorrespondentSEOUL, South Korea – Korea Asset Management Corp. (KAMCO) has sold $897 million of nonperforming loans to four foreign investor groups: Morgan Stanley, Goldman Sachs, Lone Star Korea and a venture...

December 10, 1999 NEW YORK – Bovis Lend Lease is the new name of the construction and project management company created by Lend Lease Corp.'s acquisition of the Bovis Group. Go to Previous Story in the VertiNews.com ArchiveBovis...

December 10, 1999 United Investors Realty Trust (NYSE:UIRT) has filed a five Form 4 statements (Statements of Changes of Beneficial Ownership) with the SEC.

December 10, 1999 Associated PressATLANTA – Turner Broadcasting is planning a $90-million expansion of its entertainment headquarters in an effort to accommodate growth and lure more talent to Atlanta. Construction of two new office buildings will begin early...

December 10, 1999 Mack Cali Realty Corp. (NYSE:CLI) has filed a Form 4 (Statement of Changes of BeneficialOwnership) with the SEC.

December 9, 1999CDC Capital $550 Mln Floating-Rate CMBS*ClassAmount($mln)Sub. Level(%)RatingAvg. LifePriceTalk(BP)BnchMarkA29147AAA2 yrs+421 mo. LiborB41.239.5AA2 yrs+701 mo. LiborC43.9331.5A3 yrs+1401 mo. LiborD43.9323.5BBB3 yrs+2501 mo. LiborE2219.5BBB-3 yrs+3501 mo. Libor*Official name of issue and average life information not immediately available.

December 9, 1999 Federal plan boosts Hall of Fame projectThe Ottawa Citizen, December 9 OTTAWA – The federal government will seek a private developer for a new commercial office building on the edge of Confederation Square – a...

December 9, 1999 PORTLAND, Ore. – Columbia Housing, a unit of PNC Bank Corp., has formed a $55 million investment fund that will develop and buy affordable multi-family properties throughout the country.In addition, the firm has begun raising...

December 9, 1999 J.P. Morgan Mortgage Capital Inc. provided $25.3 million of fixed-rate financing for Penn Mar shopping center, a 369,000-square-foot shopping center in Forestville, Md.The property, Penn Mar Shopping Center, is an anchored retail center with tenants...

December 9, 1999 Expanding riverfront residential riles city officialsSun-Sentinel, December 9FORT LAUDERDALE – A small-rise, 410-unit apartment building has quietly evolved into a 902-unit village with high rises, and city commissioners demand to know why. The New River...

December 9, 1999 FORT WORTH, Texas – Hillwood, a real estate company run by Ross Perot Jr., has set up a program where it takes equity interests in Internet companies that lease space in its developments."With this new...

December 9, 1999 By Orest Mandzy, VertiNews.com Managing EditorCDC Capital has provided $50 million of floating-rate debt on the Four Seasons Hotel in Beverly Hills.The financing was used to pay off a mortgage that was owned by Host...

December 9, 1999 Credit Suisse First Boston has agreed to sell 44 Wall Street in downtown Manhattan to Lend Lease Real Estate Investments for about $47 million, or $157/sf, according to the New York Daily News.First Boston purchased...

December 9, 1999 CARY, N.C. – Konover Property Trust Inc. (NYSE:KPT) paid $16.8 million for a 152,000-square-foot shopping center in Marietta, Ga.The property, Merchants Festival, was acquired from a private owner. It is fully occupied and anchored by...

December 9, 1999Rating agencies Standard & Poor's and Duff & Phelps have issued presale reports for GMAC Commercial Mortgage Securities Inc., 1999-CTL1, a $385.98 million transaction. The private deal is being underwritten by Goldman, Sachs and Deutsche Banc...

December 8, 1999Starwood Hotels & Resorts (NYSE: HOT) has filed a Form 424B5 prospectus with the SEC. The company is planning to offer 200,000 common shares that could be issued or sold to employees as part of a...

December 8, 1999 Associated PressWEST HOLLYWOOD, Calif. – Warner Bros., oversubscribed on studio space, is selling a historic lot that produced such films as "West Side Story" and "The Thief of Baghdad." BA Studios, a subsidiary of real...

December 8, 1999 The Associated PressDENVER – New York-based Cornerstone Properties Inc. (NYSE:CPP) is selling the distinctive cash-register-shaped One Norwest Center in Denver's downtown for $220 million.A company that advises the California Public Employees Retirement System could close...

December 8, 1999 Lend Lease Corp. Ltd., the giant Australian real estate services firm, said today that its American subsidiary, Lend Lease Real Estate Investments, has inked agreements to acquire five of Amresco Inc.'s (NYSE: AMMB) commercial mortgage...

December 8, 1999 A 139,000 square-foot office building in Morris Township, northern New Jersey, has been sold for more than four times what it was purchased for in 1995, according to today's Wall Street Journal.Massachusetts Mutual Life Insurance...

December 8, 1999 A large list of Tier 1 and Tier 2 bonds is scheduled for bidding at 1 p.m. EST, sources say. The bonds reportedly consist of very high quality transactions from CMBS deals involving GMAC, Morgan...

December 8, 1999 Tropicana not moving to Lakewood RanchSarasota Herald-Tribune, December 8BRADENTON, Fla. – Tropicana Inc. has purchased ten acres of land next to its current Bradenton office complex and plans to expand at that location. With this...

December 8, 1999 Felcor Lodging Trust Inc. (NYSE: FCH) has filed a Form 4 (Statement of Changes ofBeneficial Ownership) with the SEC.

December 8, 1999 Tattered Dylex put on the blockThe Globe and Mail, December 8 TORONTO – Now that its president intends to quit, troubled retailer Dylex Ltd. has put itself on the block, but observers said it could...