October 6, 1999 RICHMOND, Va. – United Dominion Realty Trust Inc. (NYSE:UDR) sold eight apartment complexes with 1,277 units for $31.5 million.The properties, in Tucson, Ariz., San Antonio and El Paso, Texas, were sold in two deals. The...

October 6, 1999 By Morris Newman, VertiNews.com Correspondent PHOENIX – Making its first investment in Phoenix-area retail properties, GE Capital Investment Advisers has paid $31.3 million for two shopping centers with a total of 294,231 square feet.Both centers,...

October 6, 1999OXNARD, Calif. – LTC Properties Inc. (NYSE:LTC) has restructured its relationship with Sun Healthcare Group Inc. by buying out the interests in six health-care facilities that were leased to Sun.The restructuring will result in a 4...

October 6, 1999 MIAMI – First Union Real Estate Capital Markets has arranged a $25 million lease financing for Benihana Inc., which will use the capital to buy additional restaurants.The financing is actually a synthetic lease, an off...

October 5, 1999 Washington Real Estate Investment Trust has filed Form 8-K with the SEC.

October 5, 1999 WASHINGTON – Kleiner Perkins Caufield and Byers, a venture capital firm, and eight major real estate companies has formed Broadband Office Inc., a telecommunications company.Broadband Office will start delivering services over the next 45 days....

October 5, 1999 NEW YORK – Lexington Corporate Properties Trust (NYSE:LXP) has leased a 293,000-square-foot distribution facility in Mansfield, Ohio, to The Gerstenslager Co., a unit of Worthington Industries.The lease pays $460,000 during the first year and $673,500...

October 5, 1999Portman Management plans another downtown office towerAtlanta Business Chronicle, October 4ATLANTA – Portman Management Co. is marketing space for its yet-to be constructed downtown Atlanta office tower. The new 27- to 30-story complex will be next...

October 5, 1999 Sears nabs up to 6 downtown Eaton's stores for $30 MlnThe Globe and Mail, October 5TORONTO – A promise to keep the Eaton's name alive and $30 million is all Sears Canada Inc. needed to...

October 5, 1999 WASHINGTON – An investment partnership formed by Oak Hill Capital Partners LP, MeriStar Hospitality Corp. (NYSE:MHX) and MeriStar Hotels & Resorts Inc. (NYSE:MMH) has agreed to buy the 315-unit Hilton Newark/Fremont Hotel in Newark, Calif....

October 5, 1999 The continued economic expansion in the New York region has driven the office vacancy rate on Long Island to 7.1 percent, down from 8.9 percent just three months ago. At the end of 1990, the...

October 5, 1999CHICAGO – BDO Seidman LLP has formed a venture with LRX Group LLC, a real estate consulting firm that focuses on space measurement and analysis services.The affiliation allows BDO Seidman to broaden the scope of its...

October 5, 1999DLJ Commercial Mortgage Trust, Series 1999-CG3ClassAmount($mln)Sub. Level(%)Rating Moody'sRating FitchAvg. LifeSpread (BP)Bnch MarkA-1A140.427.75AaaAAA5123T CurveA-1B509.427.75AaaAAA10143.5T CurveA-1C1825.75Aa1AAA10153T CurveS899.3N/AAaaIO10NAT CurveA-224.723Aa2AA10163T CurveA-349.517.5A2A10183T CurveA-413.516A3A10193T CurveA-515.714.25Baa1A-10215T CurveB-11812.25Baa2BBB10250T CurveB-215.710.25Baa3BBB-10340T Curve

AMC Depositor LLC (AmericasMart)ClassAmount($mln)Rating Moody'sRatingS&PAvg.LifeSpread(BP)BnchMarkA85AaaAAA5.88200T CurveB38.8AaaAA9.9529910-yr. Treas.C16.2Aa2AA9.9532010-yr. Treas.D32.2Aa2A9.9538510-yr. Treas.E37.8  BBB9.95N/A10-yr. Treas.F10.0 BBB-9.9558010-yr. Treas.

October 5, 1999 Equity Office Properties (NYSE:EOP) has filed a Form S-3 with the SEC.

October 5, 1999 Equity Residential Properties Trust (NYSE:EQR) has filed Form 8-K with the SEC.

October 5, 1999 SYDNEY – Lend Lease Corp. said it has agreed to buy Bovis Group PLC, a project management and construction firm, for $472 million. The acquisition is another step in the investment manager's move to become...

October 4, 1999 Urban Shopping Centers (NYSE:URB) has filed Form 8-K with the SEC.

October 4, 1999 PALM BEACH, Fla. – Bank of America has provided $58 million of long-term financing to Innkeepers USA Trust (NYSE:KPA).The 10-year loan carries an interest rate of 7.16 percent and is backed by eight hotels. The...

October 4, 1999 Quebec retailer eyes Eaton's outletsThe National Post, October 2MONTREAL – Quebec-based Les Boutiques San Francisco Inc. is looking to expand. It is negotiating to takeover eight to 13 locations of insolvent T. Eaton Co. Ltd....

October 4, 1999 SEATTLE – Sabey Corp., a Seattle real estate developer, has paid $21.5 million, or $139/sf, for the Queen Anne Square office complex. Sabey acquired the two-building property, which has 155,000 square feet, from Lincoln National...

October 4, 1999 NEW YORK – InterWorld Corp. has signed a 15-year lease at 395 Hudson Street in Lower Manhattan. The lease increases to 100,000 square feet from 40,000 sf the amount of space that InterWorld occupies at...

October 4, 1999 PLYMOUTH MEETING, Pa. – American Real Estate Investment Corp. (AMEX:REA) has paid $8.3 million for two warehouse and distribution facilities in Fremont, Ohio, totaling about 325,000 square feet.The purchase completes the last phase of the...

October 4, 1999 ROCHESTER, N.Y. – Home Properties (NYSE:HME) has agreed to sell $50 million of convertible preferred equity to GE Capital.The preferred will carry an annual dividend rate of 8.36 percent, or the dividend paid on the...

October 4, 1999 SAN MATEO, Calif. – Franklin Select Realty Trust (AMEX:FSN) has approved a proposed transaction to sell its real estate interests to Value Enhancement Fund III LLC, a fund managed by Lend Lease Real Estate Investments...