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, 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, 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 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, 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, 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 11, 1999 NEW YORK – American Mortgage Acceptance Co. (AMEX:AMC) has purchased double-B-plus commercial mortgage-backed securities from ARCap Investors LLC.The bonds are from Chase Manhattan Bank-First Union National Bank Commercial Mortgage Trust, 1999-1, which was floated earlier...

October 11, 1999 CHICAGO – Duff and Phelps Credit Rating Co. has lowered the ratings on three classes of Merrill Lynch Mortgage Investors Inc., 1998-C1-CTL, because a credit representing 1.4 percent of the transaction was assumed by a...

October 11, 1999 NEW YORK – The real estate market remains healthy and active across the nation despite some new construction, according to Pricewaterhouse Coopers' Korpacz Real Estate Investor Survey.Though the recent increase in interest rates has raised...

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...

October 11, 1999 WEST PALM BEACH, Fla. – Montgomery CV Realty LP, a subsidiary of CV REIT Inc. (NYSE:CVI), has agreed to buy Marlton Green Shopping Center in Marlton, N.J., for a combination of cash, debt and partnership...

October 11, 1999 CHICAGO – Three tenants have signed leases for more than 150,000 square feet at the Insurance Exchange Building at 175 West Jackson Boulevard.The tenants are the first three for the 87-year-old building, which is undergoing...

October 8, 1999 By Lisa Finnegan, VertiNews.com CorrespondentNEW YORK – Major League Baseball has signed a 10-year lease for 25,000 square feet of space at Chelsea Market.The unit will use the space on floors five and six for...

October 8, 1999 By Dan Whipple, VertiNews.com CorrespondentDENVER – Richmond Homes is set to purchase 320 acres of land north of Denver for $13.4 million from the Archdiocese of Denver. The deal is under contract and expected to...

October 8, 1999 Mall aims to be differentTampa Tribune, October 8TAMPA, Fla. – The Taubman Co is set to begin construction on International Plaza, a $200 million project with 1.2 million square feet of retail space and 6,000...

October 8, 1999 Sunstone Hotel Investors Inc. (NYSE:SSI) has filed a Form SC 13E3/A with the SEC. The filing refers to the company's decision to go private through a merger with an affiliate of Westbrook Partners.