November 23, 1999Hotelier eyes 330-acre parcelOrlando Sentinel, November 23ORLANDO, Fla. – Local hotelier Harris Rosen has found 330 acres on which he'd like to build a megaresort, but Orange County taxpayers own the land near the end of...

November 23, 1999 ROCKVILLE, Md. – Federal Realty Investment Trust (NYSE:FRT) has sold $175 million of 10-year notes at a price of 99.416 percent of face value. The notes pay a semi-annual interest rate fixed at 8.75 percent....

November 23, 1999 Tiffany & Co. has purchased its headquarters building at the corner of Fifth Avenue and 57th Street for $94 million, or $758/sf, according to reports in the New York Times and New York Post.The upscale...

November 23, 1999 LOS ANGELES – J.P. Morgan Mortgage Capital Inc. has provided an $18.7 million mortgage on 3600 Wilshire, a 373,000-square-foot office building in Los Angeles.The loan was extended to 3600 Wilshire LLC and was placed by...

November 23, 1999 LOS ANGELES – J.P. Morgan Mortgage Capital Inc. provided $11.5 million of fixed-rate financing for the Wilshire Hobart, a 257,700-square-foot office building in suburban Los Angeles.The loan was placed by L.J. Melody & Co., a...

November 22, 1999 Bear Stearns will be co-lead manager, along with Lehman Brothers on a $570 million floating-rate commercial mortgage-backed securities issue that CDC Capital is planning to bring to market soon.CDC will securitize 11 short-term mortgages through...

November 22, 1999 PNC Mortgage Acceptance Corp., Series 1999-CM1ClassAmount($mln)Sub. Level(%)RatingS&PRatingFitchAvg.LifePriceTalk(BP) BnchMarkA-1A127.126.76AAAAAA5.7+102.5Treas.A-1B45026.75AAAAAA9.56+124.25Treas.A-241.421.5AAAA9.85+143.25Treas.A-335.4517AA9.9+158Treas.A-413.7915.25A-A-9.9+178Treas.B-125.612BBBBBB9.9+233Treas.B-29.8510.75BBB-BBB-9.9+318Treas.

November 22, 1999 Federal Realty Investment Trust (NYSE: FRT) has filed a Form 424B3 prospectus supplement for the issuance of senior unsecured debt.

November 22, 1999 SAN CLEMENTE, Calif. – Westbrook Partners has completed its purchase of Sunstone Hotel Investors Inc. (NYSE:SSI).Sunstone's common shareholders received $10.3761/per share in cash as will limited partners of Sunstone Investors LP. However, holders of operating...

November 22, 1999 First Washington Realty Trust (NYSE:FRW) has filed Form 10-Q with the SEC.

November 22, 1999 American Industrial Properties (NYSE:IND)of Irving, Texas, has hired Salomon Smith Barney as adviser to either sell the company or its assets, according to Realty Stock Review Online.The news service can be accessed at www.realtystockreview.com.

November 22, 1999 Associated PressSECAUCUS, N.J. – Hartz Mountain Industries Inc. will construct a 100,000-square foot industrial building in Hanover, N.J., for the MI Group, a Toronto-based international relocation company. MI Group will move its office and warehouse...

November 22, 1999 Wilshire Real Estate Investment Trust Inc. (NYSE:WREI) has filed a Form 10-Q (Quarterly Report) with the SEC.

November 22, 1999 Mid America Apartment Communities Inc. (NYSE:MAA) has filed a Form 8-K (Current Report) with the SEC.

November 22, 1999 Host Funding Inc. (AMEX:HFD) has filed a Form 10-Q (Quarterly Report) with the SEC.

November 22, 1999 BALTIMORE – Prime Retail Inc. (NYSE:PRT) said it has sold the Birch Run factory outlet center in Birch Run, Mich., to a venture it formed with Estein Associates USA Ltd. for a total of $117...

November 22, 1999Koger buys two buildings at Lake Mary office parkOrlando Sentinel, November 19LAKE MARY, Fla. – Koger Equity Inc. has bought two buildings in the Primera office park from Crescent Resources Inc. for $41 million. The two...

November 22, 1999 Metropolitan Life Insurance Co. will soon offer 33 office buildings and shopping centers it owns in Canada, according to The Globe and Mail.The newspaper said the insurer is currently in the process of hiring real...

November 22, 1999 Barry Sternlicht and entities that he controls have filed a Form SC 13D/A with the SEC. The amended statement of beneficial ownership relates to Starwood Financial Trust's (NYSE:SFI) conversion to a corporation from a REIT....

November 22, 1999 MetLife to sell real estate holdingsGlobe and Mail, November 22TORONTO – Metropolitan Life Insurance Co. is putting 33 office buildings and shopping malls across Canada up for sale. The company estimates the portfolio – including...

November 22, 1999 CLEVELAND – First Union Real Estate Investments (NYSE:FUR) said shareholders have approved the REIT's proposed sale of six shopping malls to a venture led by Goldman Sachs' Whitehall Street Real Estate Fund for $191.5 million.Go...

November 22, 1999 JACKSONVILLE, Fla. – Koger Equity Inc. (NYSE:KE) has completed construction of the Landstar Building in Jacksonville.The corporate headquarters, which is leased to Landstar System Holdings Inc. for 15 years, is situated in the northeast quadrant...

November 22, 1999 NEW YORK – Investcorp International teamed up with Crow Holdings to buy the Centrum Shopping Center in Charlotte for $25 million, or $92.60/sf.The seven-year-old property contains 270,000 square feet and is nearly full. Tenants include...

November 22, 1999 SANTA MONICA, Calif. – The Macerich Co. (NYSE:MAC) has sold a Huntington Beach, Calif., shopping center for $48 million to the Ezralow Co. LLC.Macerich bought the Huntington Beach Center in December 1996 as part of...

November 22, 1999 NEW YORK – Standard & Poor's has placed the corporate credit, bank loan and senior unsecured debt ratings of Prison Realty Trust Inc. on CreditWatch with "developing" implications.The rating agency said a total of $1.1...