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...

December 1, 1999 HORSHAM, Pa. – GMAC Commercial Mortgage Corp. has arranged a $103 million Freddie Mac mortgage on a 576-unit apartment building at 200 Water Street and Fulton Street in downtown Manhattan.An affiliate of Rockrose Development Corp....

December 1, 1999 SAN DIEGO – LaSalle Investment Management has purchased, on behalf of a pension-fund client, the Oakwood Coronado Apartments in Coronado, Calif., for $55 million, or $100,182/unit.The property, which consists of 19 buildings with 549 luxury,...

December 1, 1999 CHICAGO – Duff & Phelps Credit Rating Co. has downgraded the debt ratings of Hilton Hotels Corp. following yesterday's completion of its merger with Promus Hotel Corp. In addition, the company's ratings are removed from...

December 1, 1999Associated PressWALTHAM, Mass. – Internet company Lycos Inc. says it needs more space to accommodate the employees it has recently hired. The Internet search engine and online shopping site's chairman told The Boston Globe that the...

November 30, 1999 Tallest Buckhead building sold for more than $100 MlnAtlanta Journal-Constitution, November 30ATLANTA – A public pension fund has bought the 34-story, 618,000-square-foot One Atlanta Plaza from Sumitomo Life Realty (N.Y.) for more than $100 million....

November 30, 1999 CALGARY – International Properties Group has expanded its U.S. presence with the acquisition of two residential properties in the Seattle area for about C$50 million.The properties are Nautica, an 82-unit property in Renton, and Walden...

November 30, 1999 Bay buys seven Eaton's storesThe National Post, November 30TORONTO – Hudson's Bay Co. has acquired seven former T. Eaton Co. Ltd. locations directly from landlords, and is still in discussions about several other stores. The...

November 30, 1999 Associated PressLONGVIEW, Texas – An effort by local investors to buy a Stroh brewery has failed, according to a representative for the investors. Rusty Norton, a local real estate broker, said Monday that the investors...

November 30, 1999 NEWPORT BEACH, Calif. – Pacific Gulf Properties has paid $8 million for Broadwood Business Centre, a 156,200-square-foot business park located on Broadway Road in Mesa, Ariz.The complex is 95 percent leased to a variety of...

November 30, 1999 CHICAGO – General Growth Properties Inc. (NYSE:GGP) has completed the sale of $590 million of commercial mortgage-backed securities, allowing it to finance 10 malls owned by its GGP/Homart affiliate.The notes, which were sold in seven...

November 30, 1999 Investcorp International has purchased a significant minority interest in Welsh Cos., a Bloomington, Minn., commercial real estate services firm.Welsh manages $1.3 billion of real estate and employs 450 people in 10 offices throughout the Midwest...

November 30, 1999 Metropolis Realty Trust Inc. is planning to refinance 1290 Avenue of the Americas, a 1.9 million-square-foot office building in Midtown Manhattan, but will likely sell it down the road.The closely-held REIT had originally marketed the...

November 30, 1999 ROCKVILLE, Md. – Washington Real Estate Investment Trust (NYSE:WRE) paid $4.7 million, or $118/sf, for the Parklawn Plaza office building in Rockville, Md.The four-story building contains 40,000 square feet and is fully leased. It is...

November 30, 1999 BLOOMFIELD HILLS, Mich. – Taubman Centers Inc. (NYSE:TCO) said it formed a joint venture with Ivanhoe Inc. of Montreal to develop International Plaza, a 1.2 million-square-foot shopping center in Tampa, Fla.In addition, the venture raised...

November 30, 1999 BOSTON – AEW Capital Management was one of four investors that together provided $28 million of venture capital financing to CO Space Inc., a Somerville, Mass., company that provides space for communications equipment.The three other...

November 30, 1999 BLOOMFIELD HILLS, Mich. – Taubman Centers Inc. (NYSE:TCO) raised $25 million through the private placement of preferred equity in its operating partnership, Taubman Realty Group LP.The preferred equity has a fixed coupon with a 9...

November 30, 1999 A pension fund advised by Lend Lease Real Estate Investments has purchased One Atlanta Plaza for more than $100 million, or $162/sf, according to the Atlanta Journal-Constitution.The 34-story, 618,000-square-foot building was purchased from Sumitomo Life...

November 29, 1999 Associated PressPITTSBURGH – The Pittsburgh Technology Center will soon be full following a decade spent redeveloping the former mill along the Monongahela River. The city's Urban Redevelopment Authority approved a $20-million office building, which will...

November 29, 1999 Associated PressTULSA, Okla. – Tulsa city officials are negotiating with prospective tenants for a mile-long building at a former bomber plant site. The city assumes ownership of the site this week under an agreement with...

November 29, 1999 NEW YORK – Metropolis Realty Trust Inc. said it completed its sale of 237 Park Ave. in Midtown Manhattan to 237 Park Investors LLC and would pay a special dividend of $15/share on Dec. 10...

November 29, 1999 Federal Realty Investment Trust (NYSE:FRT) has filed Form 8-K with the SEC.

November 29, 1999 Associated PressVANCOUVER (CP) – British Columbia's stock market watchdog has ruled that a mortgage firm and its top officials swindled thousands of investors in one of the biggest financial frauds in the province's history. In...

November 29, 1999SEOUL - Hanvit Bank of South Korea has agreed to form a bank with Lone Star Opportunity Funds to manage its troubled assets. According to Yonhap, a Korean news service, Hanvit plans to sell 400 billion...