General News
Merrill Lynch Lowers Prologis To I-T Accumulate From Buy
October 24, 2000 (NewsTraders.com) -- Although Prologis Trust (NYSE:PLD) reported funds from operations that were above Merrill Lynch analyst Steve Sakwa's expectations, a shortfall elsewhere in its results inspired the analyst to downgrade the REIT to intermediate-term "accumulate" from "buy."Sakwa,...
FINAL PRICING: $260 Mln Duke Weeks Industrial Trust, Series 2000-DW1
October 24, 2000 Duke Weeks Industrial Trust, Series 2000-DW1ClassAmount($mln)Sub. Level(%)RatingS&PRatingMoody'sAvg.LifePriceTalk(BP)Priced(BP)BenchmarkA-143.613.7AAAAaa5+25 area+251-mo. LiborA-2145.413.7AAAAaa9.9+43 area+45SwapsB-196.2AAAa29.9+40 area+401-mo. LiborB-2306.2AAAa29.9+56 area+56SwapsC-17.40AA29.9+70 area+701-mo. LiborC-224.60AA29.9+67 area+67SwapsX-1*60NAAAAAaaNANA----X-2*200NAAAAAaaNANA----* Interest only, notional amount.
Washington REIT 3rd Qtr FFO $0.46/shr vs. $0.38/shr
October 24, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln) $16.5 $13.6 $46.9 $39.9 FFO/shr (diluted) $0.46 $0.38 $1.31 $1.12 Extra Gain (Loss) $2.1 $---- $3.6 $7.9 Net Income (mln) $12.8 $8.8 $33.6 $33.9 Net/shr$0.36 $0.25 $0.94 $0.95 Revenue (mln)$34.2 $29.6...
Ramco-Gershenson Adds Anchor to Jackson Crossing Mall
October 24, 2000 SOUTHFIELD, Mich. – Ramco-Gershenson Properties Trust (NYSE:RPT) has added a Best Buy electronics store to its 650,000-square-foot Jackson Crossing shopping center in Jackson, Mich. The 31,000-sf superstore joins Target, Kohl's, Sears and Toys 'R' Us as anchor...
William Hankowsky Named CIO of Liberty Property Trust
October 24, 2000 MALVERN, Pa. – Liberty Property Trust (NYSE:LRY) has named William P. Hankowsky, the former president of a Philadelphia government agency, to the new post of executive vice president and chief investment officer. Hankowsky, who starts in January,...
Charles Schwab Leases Austin, Texas, Offices
October 24, 2000 AUSTIN, Texas – Charles Schwab & Co. Inc. has leased 100 percent of the 184,000-square-foot Building II at the Research Park Plaza that is being developed by a venture between Cousins Properties Inc. (NYSE:CUZ) and CommonWealth Partners.The...
Fitch Withdraws Morgan Stanley 1996 MBL1 Rating
October 24, 2000 CHICAGO – Fitch has withdrawn its triple-A rating on Morgan Stanley Capital I Inc.'s 1996 MBL1, Class F as the notes have been paid in full.
Home Properties Hikes Dividend to $0.57/shr
October 24, 2000 ROCHESTER, N.Y. – Home Properties (NYSE:HME) has increased its quarterly dividend to 57 cents/share from 53 cents/share payable Nov. 22 to holders of record Nov. 14.
S&P Adds Companies to Approved Servicer List
October 24, 2000 NEW YORK – Standard & Poor's has added five servicers to its approved servicer list.Franchise Finance Corp. of America and Captec Financial Group Inc. are approved as franchise loan servicers.First Union National Bank is an approved commercial...
Mack-Cali to Develop Two Office Towers in Jersey City
October 24, 2000 JERSEY CITY, N.J. – Mack-Cali Realty Corp. breaks ground today for two Class-A office towers at its Harborside Financial Center office complex on the Hudson River waterfront.The $400 million development plan calls for construction of Harborside Plaza...
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