December 3, 1999 CHARLOTTE, N.C. – The Banc of America Securities commercial mortgage-backed securities index fell by 0.4 percent this week to 118.6. But it still outperformed comparable Treasuries by five basis points. CMBS have outperformed comparable Treasuries...

December 3, 1999 Veqtor Finance Co. has hiked its stake in Capital Trust Inc. (NYSE:MAC) to 9.6 million common shares, giving it a 43.41 percent ownership interest. Veqtor is controlled by the same parties that control Capital Trust....

December 3, 1999 HOUSTON – Weingarten Realty Investors (NYSE:WRI) has acquired the Pembroke Commons Shopping Center in Pembroke Pines, Fla. The center was purchased from an individual estate for an undisclosed sum.Pembroke Commons contains 314,400 square feet and...

December 3, 1999 Associated PressLITTLE ROCK, Ark. – A Minnesota real estate developer says his company will spend $15 million renovating two downtown Little Rock hotels. Michael Eaton says Lerner Renovations plans to buy and renovate the Legacy...

December 3, 1999 A recent decision the Fourth Appellate District of the California Court of Appeal held that a general partner has a fiduciary duty to a limited partner and the partnership not to purchase partnership debt for...

December 3, 1999 Black Bear buys office buildingCharlotte Observer, December 3CHARLOTTE, N.C. – Black Bear Cos. has formed an investment fund to buy a 53,005-square-foot office building at 1100 S. Tryon St. for slightly more than $5.27 million....

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 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 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 1, 1999Upscale mall developer lands loan, partnerTampa Tribune, December 1TAMPA – Taubman Centers, the Michigan-based developer behind the mall rising next to Tampa International Airport, has landed a three-year, $190-million construction loan from investment bank Dresder Kleinwort...

December 1, 1999 LAFAYETTE – Bedford Property Investors Inc. (NYSE:BED) has received from Teachers Insurance $22.2 million of mortgage financing that is backed by five office and industrial properties in California, Arizona and Washington.Bedford plans to use proceeds...

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...