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, 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, 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 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 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 19, 1999 Health Care Property Investors Inc. (NYSE:HCP) has filed a Form 8-K/A (Amended Current Report) with the SEC.
November 19, 1999 Imasco sells Shoppers for $2.55 BlnToronto Star, Nov. 19MONTREAL – Imasco has sold its drugstore chain, Shoppers Drug Mart, for $2.55 billion in cash to a group led by New York leveraged-buyout specialists Kohlberg Kravis...
November 19, 1999Westside site not the only one that interests PizzutiTimes-Union, November 19JACKSONVILLE, Fla. – The Pizzuti Cos., which is developing the 163-acre West Jacksonville industrial park, is eyeing more properties in Southside as well as in North...
November 19, 1999 BETHESDA, Md. – First Washington Realty Trust Inc. (NYSE:FRW) paid $15.1 million for two Washington-area shopping centers with a total of 169,000-square-feet.The properties are:* Saratoga Shopping Center, with 102,000 sf in Springfield, Va. The property...
November 19, 1999NEW YORK – Corporate loans to REITs totaled only $15.5 billion during the first nine months of the year – down sharply from the same period last year, when loans to REITs amounted to $43 billion,...
November 19, 1999 CDC Capital is planning to securitize $570 million of floating-rate mortgages through underwriter Lehman Brothers, according to Commercial Mortgage Alert.The deal will be backed by 11 short-term loans. It will be co-managed by Bear Stearns.CDC,...
November 19, 1999 SAN BRUNO, Calif. – Atherton Capital Inc. has launched a program through which it will originate loans on properties leased as restaurant, gas station, convenience store, car care and other specialty retail concepts.Atherton will originate...
November 19, 1999 Criimi Mae (NYSE:CMM) has filed Form 8-K with the SEC.
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