October 13, 1999 Steven R. Hash, one of the best-known real estate analysts in the country, has been appointed head of Lehman Brothers' U.S. Equity Research group.Hash, who has been with Lehman for six years, had been manager...

October 13, 1999 BRT Realty Trust (NYSE:BRT) has filed Form 8-K with the SEC. The filing has to do with the REIT's termination of an agreement to buy Reliance Bank of Westchester County, N.Y.

October 13, 1999 DENVER – Apartment Investment and Management Co. (NYSE:AIV) has added the title of chief financial officer to Paul J. McAuliffe, executive vice president of capital markets. McAuliffe is replacing Troy Butts, who is leaving the...

October 13, 1999 SAN FRANCISCO – Pacific Gateway Properties Inc. (AMEX:PGP) has hired Prudential Securities to help it find a buyer or a merger partner.The company owns and manages 20 office buildings, with 778,000-square-feet, in the San Francisco...

October 12, 1999 Blackstone Real Estate Advisors has purchased the Southfield Town Center, a 2 million-square-foot office complex in suburban Detroit for about $265 million, or $132.50/sf.Blackstone acquired the five-building complex, which is located in Southfield, from GSIC...

October 12, 1999 Capital Automotive Real Estate Investment Trust has filed a Form 8-K/A (Amended Current Report) with the SEC.

October 12, 1999 SAN FRANCISCO – TriNet Corporate Realty Trust Inc. (NYSE:TRI) has received a fee of $7.2 million for allowing the sole tenant of one of its research and development properties in Milpitas, Calif., to terminate its...

October 12, 1999 Battle of the REITs intensifiesThe National Post, October 12TORONTO – The battle for Avista Real Estate Investment Trust intensified yesterday when Summit REIT upped its takeover offer and secured a key shareholder's support. Its offer...

October 12, 1999SASCO Floating-Rate Commercial Mortgage Trust 1999-C3ClassAmount($mln)Sub. Level(%)RatingMoody'sRatingFitchAvg.LifePrice talk(BP)BnchMarkA783.861.0AaaAAA1.5640 bp1-mo LiborB120.655.0Aa1AA+1.7955-601-mo LiborC80.451.0Aa2AA1.9565-701-mo LiborD70.347.50Aa3AA-2.2180-851-mo LiborE75.443.75A1A+2.0105-1101-mo LiborF75.440.0A2A1.98115-1201-mo LiborG70.336.50A3A-2.12145-1501-mo LiborH60.333.50Baa1BBB+1.95215-2251-mo LiborJ80.429.5Baa2BBB2.22240-2501-mo Libor

October 12, 1999 Downtown trade mart refinanced in $275 Mln dealAtlanta Journal Constitution, October 12ATLANTA – The huge downtown trade mart complex developed by architect/developer John C. Portman Jr., but turned over to lenders in 1995, has been...

October 12, 1999 CHICAGO – Horizon Group Properties Inc. (NASDAQ:HGPI) has completed the sale of six acres in Muskegon, Mich., at the intersection of U.S. 31 and Sternberg Road to CBL & Associates Properties Inc. (NYSE:CBL).CBL will pay...

October 12, 1999 PNC Capital Markets Inc. has hired Timothy Martin as managing director, and Nicholas R. Stone as director, to create a commercial mortgage-backed securities desk.Martin formerly was on the CMBS trading desk of First Union Capital...

October 12, 1999Go to yesterday's story on this deal.Commercial Mortgage Asset Trust C2ClassAmount($mln)Sub. Level(%)RatingMoody'sRatingS&PRatingFitchAvg.LifePricetalk(BP)BnchMarkA-1127.028.5AaaAAAAAA5.7133-138Treas.A-2322.828.5AaaAAAAAA9.2153-158Treas.A-3108.728.5AaaAAAAAA11.5168-173Treas.B39.123.5Aa2AAAA13.4200 areaTreas.C39.118.5A2AA13.6230 areaTreas.D11.717.0A3A-A-13.9250 areaTreas.E29.313.25Baa2BBBBBB14.1325 areaTreas.F15.611.25Baa3BBB-BBB-14.2425 areaTreas.X*781.1N/AAaaAAArAAAN/A450-475Treas.* Assumes 100% CPR (constant prepayment rate).

October 12, 1999ATLANTA – Marsh Inc. has signed an 111,000-square-foot lease at Prominence, a recently completed class-A office building in Atlanta's Buckhead submarket.The 426,000-sf building is owned, leased and managed by Equity Office Properties Trust (NYSE:EOP).With this lease,...

October 12, 1999HARRISBURG, Pa. (AP) –Canadian commercial real estate developer Paul Reichmann has bailed out Balanced Care Corp. with a $21 million infusion. An initial investment, of $4.1 million, will be made through the purchase of convertible preferred...

October 12, 1999 OAKBROOK, Ill. – TMP Worldwide Inc. has signed a lease agreement for 27,000 square feet of office space at 1011 East Touhy Avenue in Des Plaines, Ill., near O'Hare International Airport.The building, owned and operated...

October 12, 1999 By Orest Mandzy, VertiNews.com Managing EditorGoldman Sachs will soon launch a $422 million floating-rate commercial mortgage-backed securities issue that is secured by seven hotels owned by Strategic Hotel Capital Inc.Strategic Hotel, a Chicago investment firm,...

October 12, 1999 By Debra Beachy, VertiNews.com CorrespondentHOUSTON – A booming border economy fired by the North American Free Trade Agreement has persuaded Stewart Title Company to buy Cameron County Title Co., Inc.,of Brownsville. Terms were not disclosed.Stewart...

October 12, 1999 By Debra Beachy, VertiNews.com CorrespondentHOUSTON – TPMC Realty Services Group is slated to open the redeveloped Park Towers within the next six weeks.TPMC, which is based in Dallas, is currently negotiating with potential tenants to...

October 11, 1999First Industrial buys business parkThe Business Journal of Tampa Bay, October 11TAMPA, Fla. – Chicago-based First Industrial Trust has paid $4.2 million for the 108,000-square-foot Corporate Center Business Park in the 6700 block of Benjamin Road....

October 11, 1999 CHICAGO – Equity Office Properties Trust (NYSE:EOP) said it is in talks to form a joint venture with Lend Lease Real Estate Investments that would buy certain Equity Office properties.Forming joint ventures with institutional investors...

October 11, 1999 Spieker Properties Inc (NYSE:SPK) has filed a Form S-8 with the SEC.

October 11, 1999 Allied Capital Corp. (NASDAQ:ALLC) has filed a Form S-8 with the SEC.

October 11, 1999 BIRMINGHAM, Ala. – Colonial Properties Trust (NYSE:CLP) has signed Mortgage America Inc. as the lead tenant at its new 146,000-square-foot office facility in Birmingham. The mortgage company will occupy 17,000-sf at 1800 International Park in...

October 11, 1999 CREIT sweetens bid for AvistaThe National Post, October 11TORONTO – Unsure it would be able to receive the support of two-thirds of Avista REIT's shareholders, Canadian Real Estate Investment Trust has upped its offer for...