October 13, 1999 FRAMINGHAM, Mass. – Perini Corp. (AMEX:PCR) has completed another step in its effort to discontinue its real estate development operations. The company and its Perini Land and Development Co. unit, which is managing partner of...

October 13, 1999 CHATTANOOGA, Tenn. – CBL & Associates Properties, Inc. (NYSE:CBL) has opened the Arbor Place Mall, a 1.2 million-square-foot shopping center in Douglasville, Ga.Located on 125 acres along Interstate 20 between Douglas Boulevard and Chapel Hill...

October 13, 1999 TrizecHahn's price rises on talk it will go privateThe National Post, October 13TORONTO – Shares of TrizecHahn Corp. jumped by almost 7 percent yesterday, following a report that the real estate company is planning to...

October 13, 1999 WASHINGTON, D.C. – New data released by the U.S. Census Bureau supports the notion that an increasing number of households now prefer apartment living, even if they could afford to buy a home. According to...

October 13, 1999 Blue Lake may be for sale; St. Joe may want to buyPalm Beach Post, October 13BOCA RATON, Fla. – The owners of the 550-acre Blue Lake Corporate Center at Yamato Road and I-95 may be...

October 13, 1999 CHICAGO – LaSalle Investment Management has purchased, on behalf of one of its pension fund clients, three office buildings and a single-story office/warehouse property in suburban Chicago from Teachers Insurance.The four properties total 632,000 square...

October 13, 1999 Deutsche Gesellschaft fur Immobilienfonds, a German mutual fund, paid BlackAcre Capital Management $148 million, or $252.50/sf, for two Wall Street buildings, according to the Wall Street Journal.BlackAcre, a New York opportunistic investor, had teamed up...

October 13, 1999 BEVERLY HILLS – Kennedy-Wilson Inc. (NASDAQ:KWIC) paid less than $25 million, or 10 percent of face value, for a portfolio of Japanese distressed mortgages.Kennedy-Wilson's Tokyo affiliate bought the loan portfolio from a Japanese lender that...

October 13, 1999MALVERN, Pa. – Liberty Property Trust (NYSE:LRY) has bought 13.6 acres of land in Keystone Business Park in Bristol Township, Pa.The REIT will develop three flex office buildings totaling 125,000 square feet on the site. Andy...

October 13, 1999 CRANFORD, N.J. – Mack-Cali Realty Corp. (NYSE:CLI) is planning to build an 183,000-square-foot office property at the Denver Tech Center.URS Greiner Woodward Clyde, a global engineering and applied science organization, has signed a 10-year lease...

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 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 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).