RECENT NEWS
Criimi Mae Files 8-K
November 19, 1999 Criimi Mae (NYSE:CMM) has filed Form 8-K with the SEC.
Regal Hotels Rejiggers Sale of Hotels to CDL Unit, Sets $640 Mln Deal
November 19, 1999From Staff and Wire ReportsMillenium & Copthorne of London has agreed to buy 28 U.S. hotels from Regal Hotels International of Hong Kong in a deal valued at $640 million.Millenium, which is part owned by CDL...
Associated Estates Replaces Unsecured Debt With Mortgages from Chase
November 19, 1999 CLEVELAND – Associated Estates Realty Corp. (NYSE:AEC) has raised $205 million of mortgage financing from Chase Manhattan Bank.Proceeds of the 28 project-specific mortgages were used to fund the REIT's tender offer for its outstanding senior...
Public Storage Files 8-K
November 19, 1999 Public Storage Inc./CA (NYSE:PSA) has filed a Form 8-K with the SEC.
Canada Digest
November 18, 1999 CanadianTire opens three new storesThe Edmonton Journal, November 18 EDMONTON – Canadian Tire is investing $22 million for three stores it plans to open this week. The 137,000 square feet of new retail space here...
Fortress Investment Files SC 13D
November 18, 1999 Fortress Investment Corp. has filed a Form SC 13D/A with the SEC. The filing details Fortress's purchase of an interest in Impac Commercial Holdings (AMEX:ICH).
New Plan Excel Gets Lower Rate on New Credit Line
November 18, 1999 NEW YORK – New Plan Excel Realty Trust Inc. (NYSE:NXL) has negotiated a new $245 million unsecured senior credit facility, replacing a line with a higher interest rate.The new facility consists of two lines: a...
Sunstone Hotel Investors Files 8-K
November 18, 1999 Sunstone Hotel Investors Inc. (NYSE:SSI) has filed a Form 8-K
Capital Automotive Completes $65.3 Million in Dealership Buys
November 18, 1999 McLEAN, Va. – Capital Automotive REIT (NASDAQ:CARS) said it completed $65.3 million of acquisitions during the past month-and-a-half.The purchases involve 13 dealerships in five states. They comprise 522,000-square-feet of building area and 57.8 acres. Average...
Clarion Buys LA Warehouses for $98.6 Mln
November 18, 1999 NEW YORK – Clarion Partners has purchased, on behalf of a pension-fund client, the Cheli Distribution Center in Los Angeles for $98.6 million, or nearly $55/sf.The property comprises 14 buildings with some 1.8 million square...
Starwood Files S-3
November 18, 1999 Starwood Hotels & Resorts (NYSE: HOT) has filed a Form S-3 (Registration Statement) with the SEC.
Impac Commercial 3rd-Qtr Loss $0.65/shr vs Loss $1.32/shr
November 18, 1999 3rd-Qtr 993rd-Qtr 989-mos 999-mos 98Net Income (Loss) ($5.5 mln) ($13.2 mln) ($5 mln) ($8.4 mln) Net (Loss)/shr($0.65) ($1.32) ($0.59) ($0.96) Revenue$7.3 mln $11.3 mln $24.3 mln $25.8 mln Shrs outst.8.4 mln 10 mln 8.5 mln...
County in Minnesota Seeks Developers for Riverfront Jail
November 18, 1999 By Dan Whipple, VertiNews.com CorrespondentST. PAUL, Minn. – Ramsey County is soliciting developers for an unusual slice of Mississippi riverfront property – its 121,000-square-foot county jail.The county is building a new detention center elsewhere, freeing...
Atlantic Gulf Communities 3rd-Qtr Loss $1.78/shr vs Net of $0.03/shr
November 18, 1999 3rd-Qtr 993rd-Qtr 98Net Income (Loss) ($22.5 mln) $0.3 mln Net (Loss)/shr($1.78) $0.03 Revenue$16.5 mln –
Capital Trust Files Proxy
November 18, 1999 Capital Trust Inc. (NYSE:CT) has filed a Form DEF 14A proxy statement with the SEC.
Southeast Regional Digest
November 18, 1999 Hotel approved for downtown BradentonBradenton Herald, November 18BRADENTON, Fla. – County commissioners have recommended approval for a 112-room Country Inns & Suites hotel on property east of the city-owned waterfront property in downtown Bradenton. Fisher...
Anthracite Files 10-Q
November 18, 1999 Anthracite Capital Inc. (NYSE:AHR) has filed Form 10-Q with the SEC.
REVISED PRICE TALK: PNC Mortgage 1999-CM1
November 18, 1999 PNC Mortgage Acceptance Corp., Series 1999-CM1ClassAmount($mln)Sub. Level(%)RatingS&PRatingFitchAvg.LifePriceTalk(BP)BnchMarkA-1A127.126.76AAAAAA5.7+99-101Treas.A-1B45026.75AAAAAA9.56+118-120Treas.A-241.421.5AAAA9.85+139-142Treas.A-335.4517AA9.9+157-162Treas.A-413.7915.25A-A-9.9+178-183Treas.B-125.612BBBBBB9.9+233-238Treas.B-29.8510.75BBB-BBB-9.9+313-318Treas.
Canadian Digest
November 17, 1999 Battle for Shoppers goes down to the wireThe National Post, November 17 MONTREAL – Imasco Ltd. and British American Tobacco PLC are preparing to unveil the winner of a bidding war for Shoppers Drug Mart...
Duke Weeks Files 10-Q
November 17, 1999 Duke Weeks Realty Corp. (NYSE:DRE) has filed Form 10-Q with the SEC.
SL Green Files 10-Q
November 17, 1999 SL Green Realty Corp. (NYSE:SLG) has filed Form 10-Q with the SEC.
General Growth, Common Fund Form $1.1 Bln Venture, Raise Financing Via CMBS
November 17, 1999 CHICAGO – General Growth Properties Inc. (NYSE:GGP) has formed a $1.1 billion joint venture with the New York Common Retirement Fund.The venture is the second between the two. It will own $1.1 billion of properties,...
Public Storage Forms Venture to Develop Mini-Warehouses
November 17, 1999 GLENDALE, Calif. – Public Storage Inc. (NYSE:PSA) has entered into a joint venture to fund the development of about $100 million of self-storage properties.The joint venture is expected to eliminate much of the earnings dilution...
Starwood Files 10-Q
November 17, 1999 Starwood Hotels & Resorts (NYSE: HOT) has filed a Form 10-Q/A (Amended Quarterly Report)with the SEC.
Resource Asset Files SC 13G
November 17, 1999 Resource Asset Investment Trust (NYSE: RAS) has filed a Form SC 13G (Statement ofBeneficial Ownership) with the SEC.
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Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
