December 3, 1999 Lai Sun Hotels recovered $20.3 million for its 25 percent interest in the Regent Beverly Wilshire Hotel in Los Angeles.The sale resulted in a profit of $6.3 million for Lai Sun, according to the China...

December 3, 1999 Real estate-investment movers optimistic over 2000 prospectsVancouver Sun, December 3VANCOUVER – An industry survey of 50 of Canada's most powerful commercial real estate investment companies shows they are generally optimistic about the national investment market...

December 3, 1999 Pizzuti Inc. has sold three office buildings in Central Ohio to Teachers Insurance for $32.6 mllion, or $108.67/sf.The Columbus, Ohio, Dispatch reported that Pizzuti, an Ohio developer, sold the properties as part of an annual...

December 3, 1999 Dal-Can Investments has paid more than $80 million, or nearly $90/sf, for the Centre office park in DallasThe partnership of Canadian and Dallas investors purchased the 50-acre property from Granite Properties of Dallas, according to...

December 3, 1999 Equity Residential Properties Trust (NYSE:EQR) has filed Form 8-K with the SEC. The filing provides additional financial information about Lexford Residential Trust, which merged with Equity Residential in October.

December 3, 1999 NEW YORK – Credit Suisse First Boston and Norwest Bank have launched two Internet-based information sites that will provide information about the collateral of Credit Suisse First Boston Mortgage Securities Corp., 1999-C1, a $1.2 billion...

December 3, 1999 Finova Realty Capital has apparently decided to quit the commercial mortgage conduit-lending business. The Irvine, Calif., unit of Finova Group (NYSE:FNV), will continue to maintain a lending infrastructure, but it will no longer originate loans...

December 3, 1999 J.P. Morgan has amended a S-3/A shelf registration with the SEC. The amendment increases the size of its previous registration to $3 billion of commercial mortgage-backed securities, from $1 million.The investment bank is planning to...

December 3, 1999 HORSHAM, Pa. – GMAC Commercial Mortgage Corp. has arranged $28.5 million of financing for three Tennessee apartment properties.The financing is backed by the British Woods Apartments and Highland Ridge complexes, which are in Nashville, and...

December 2, 1999COLUMBIA, S.C. – Edens & Avant, the developer of Necessity Retail Centers, has acquired 11 additional shopping centers on the East Coast. The price of the properties was not immediately available. They are located in Florida,...

December 2, 1999 NEW YORK – DLJ Real Estate Capital Partners II LP has purchased $30 million of convertible preferred shares in Anthracite Capital Inc. (NYSE:AHR), a mortgage REIT that is managed by BlackRock Inc.The class-A preferred carries...

December 2, 1999 The prospectus for PNC Mortgage Acceptance Corp., 1999-CM1, a recent $788 million conduit transaction by PNC Bank, Donaldson, Lufkin & Jenrette and Prudential Securities, has been filed with the SEC.

December 2, 1999 CHICAGO – First Industrial Realty Trust Inc. (NYSE:FR) has increased its common-stock dividend by 8 cents/share a year to $2.48/share. The 62 cents/share quarterly dividend is payable Jan. 24, 2000, to holders of record Dec....

December 2, 1999PRICE TALK: Deutsche Bank/Goldman Sachs Rule 144a, Fixed-Rate, $386 Mln*TrancheAvg.LifePriceTalk(BP)BnchMarkAAA4+115-120Treas.AA8.4+175-200Treas.A8.6+225-250Treas.BBB9.1+350-375Treas.IO9.1+550 areaTreas.* Limited information available.

December 2, 1999SAN DIEGO – Burnham Pacific Properties Inc. (NYSE:BPP) and the California Public Employees' Retirement System, through the partners' BPP Retail LLC, have closed on the purchase of four retail centers from AMB Property Corp. (NYSE:AMB) for...

December 2, 1999 Northside mall still on scheduleFlorida Times-Union, December 2JACKSONVILLE, Fla. – The Oliver Group Inc. insists that though construction is at a standstill, the long-awaited mall at I-95 and Duval Road near the Jacksonville International airport...

December 2, 1999 Cadillac falls to Teachers in $2.3-Bln dealThe National Post, December 2TORONTO – The Ontario Teachers' Pension Plan Board is now one of the largest property owners in North America after buying the Cadillac Fairview Corp....

December 1, 1999 NEW YORK – Union Labor Life Insurance Co. has provided $43 million of construction financing for a Hyatt hotel in downtown Philadelphia.The 350-room Hyatt Regency Penn's Landing Hotel is being developed by Penn's Landing Partners...

December 1, 1999 Conseco Inc. and Donald Trump have started marketing condominium interests in Manhattan's GM Building, which the two bought last year for $800 million, or $492/sf.According to the New York Times, the investment team could generate...

December 1, 1999 NEW YORK – Cushman & Wakefield has named Peter J. Marx director of corporate services for the northeast region.In his new post, Marx is responsible for the delivery of the firm's corporate services to its...

December 1, 1999 The Macerich Co. (NYSE:MAC) has filed a Form 8-K with the SEC.

December 1, 1999 TORONTO – The Ontario Teachers' Pension Plan Board has agreed to acquire the 78 percent of Cadillac Fairview Corp. (TSE:CDF) that it does not already own for C$34 (US$23) per share in cash or C$2.3...

December 1, 1999 MEMPHIS, Tenn. – GE Capital is making a big bet on the self-storage business. It has formed two joint ventures with Storage USA (NYSE:SUS) that would buy and develop up to $400 million of self-storage...

December 1, 1999VIENNA, Va. – WMF Group (NASDAQ:WMFG) has arranged a $195 million Fannie Mae-enhanced revolving credit facility for Mid-America Apartment Communitities Inc. (NYSE:MAA). WMF Washington Mortgage was the lender.An initial drawdown of $113.2 million was funded on...

December 1, 1999 Ernest C. Garcia II and entities he controls have increased their ownership in Dynex Capital Inc. (NYSE:DX) to 6.23 percent, as outlined in a Form SC 13D/A (Amended General Statement of Beneficial Ownership) that was...