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 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...

November 18, 1999 Anthracite Capital Inc. (NYSE:AHR) has filed Form 10-Q with the SEC.

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.

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...

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).

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...

November 18, 1999 Sunstone Hotel Investors Inc. (NYSE:SSI) has filed a Form 8-K

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...

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...

November 18, 1999 Starwood Hotels & Resorts (NYSE: HOT) has filed a Form S-3 (Registration Statement) with the SEC.

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...

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...

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 –

November 18, 1999 Capital Trust Inc. (NYSE:CT) has filed a Form DEF 14A proxy statement with the SEC.

November 17, 1999 Go To Original Price Talk.Chase Commercial Mortgage Securities Corp., 1999-2ClassAmount($mln)Sub. Level(%)RatingS&PRatingDuff & PhelpsAvg.LifeSpread(BP)BnchMarkA-1105.926.5AAAAAA5.5+100.5Treas.A-2469.326.5AAAAAA9.83+119.25Treas.B4121.25AAAA9.98+141.25Treas.C37.116.5AA9.98+159.25Treas.D11.715A-A-9.98+181.25Treas.E27.411.5BBBBBB9.98+235Treas.F11.710BBB-BBB-9.98+315Treas.X782.7*--AAAAAA9.46+360**Treas.* Notional Amount** At 100% Constant Prepayment Rate

November 17, 1999 An investment team led by Praedium Fund has sold 50 Broadway, a 342,000-square-foot office building in downtown Manhattan for $46 million, according to the Wall Street Journal.Praedium, an opportunistic investment fund operated by Credit Suisse...

November 17, 1999 Shuwa Investments has agreed to sell 1330 Avenue of the Americas in Midtown Manhattan to Despa, the largest real estate fund manager in Germany, for close to $200 million, or $400/sf, according to the Wall...

November 17, 1999 NEW YORK – A partnership between Cargill Financial Services and Lighthouse Real Estate Ventures Inc. has paid about $50 million, or $134/sf, for 100 William Street in lower Manhattan.The building was purchased from BlackAcre Capital...

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...

November 17, 1999 Duke Weeks Realty Corp. (NYSE:DRE) has filed Form 10-Q with the SEC.