General News

July 20, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $18.6 mln$17.1 mln $37.1 mln $34.4 mln FFO/shr (diluted) $0.70 $0.64 $1.39 $1.29 Net Income $3.7 mln $4.3 mln $8.0 mln $9.4 mln Net/shr$0.16 $0.18 $0.34 $0.39 Revenue$58.5 mln $53.3 mln $117.9...

July 20, 2000 (NewsTraders.com) – Prudential Securities analyst Lou Taylor dropped AvalonBay Communities Inc. (NYSE:AVB) to "accumulate" from "strong buy," based on the REIT's valuation and what he sees as slower growth over the next four quarters.The analyst forecast that...

July 20, 2000 Jones Lang LaSalle has hired Alan Tantleff from Granite Partners, continuing the expansion of its hotel operation.Tantleff, a senior vice president, is based in New York. He is charged with increasing Jones Lang's institutional client base. His...

July 20, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99Net Income $15.0 mln $36.5 mln $27.9 mln $81.8 mln Net/shr$0.17 $0.41 $0.32 $0.91 Revenue$157.2 mln $108.5 mln $303.5 mln $181.0 mln Shares Outstanding86.9 mln 89.1 mln 86.7 mln 89.2 mln

July 20, 2000 (NewsTraders.com) – William Yung, at the head of a group of investors that includes Edgecliff Management LLC and Casuarina Cayman Holdings Ltd., revealed today that he has filed suit to compel hotel owner Lodgian Inc. (NYSE:LOD) to...

July 20, 2000 Go To S&P's Presale Report.Go To Moody's Presale Report.Morgan Stanley Dean Witter Capital IClassAmount($mln)Sub. Level(%)RatingMoody'sRatingS&PAvg.LifePriceTalk(BP)BnchMarkA654.626AaaAAA1.4+21-231-mo. LiborB75.217.5Aa2AA1.8+35 area1-mo. LiborC88.57.5A2A2.1+75 area1-mo. LiborD30.94A3A-2.2+90 area1-mo. LiborE35.40.0Baa2BBB2.3+150-1601-mo. Libor

July 20, 2000 Robert Underhill and Andrew Zobler have joined Lazard Fr?res Real Estate Investors as as principal and vice president, respectively.The appointments were reported on Crain's New York's Web site today. Underhill joins Lazard from Security Capital Group, where...

July 20, 2000 CNL Funding 2000-A, LP; Triple Net Lease Mortgage Bonds (Banc of America Securities)ClassAmount($mln)Sub. Level(%)RatingMoody'sRatingFitchRatingS&PAvg.LifePriceTalkPriced(BP)BnchMarkA-1103.79AaaAAAAAA5.5+54-59+50SwapA-2177.29AaaAAAAAA12.9+80-85+80SwapB4.637.5Ba2NRNR16.88----SwapC10.84B2NRNR17.3----SwapD12.340.00NRNRNR18.25----SwapNote: Classes B, C and D were comprised of non-offered certificates. CNL APF Partners retained these junior class bonds.

July 20, 2000 Brownstone project combines residential and office spaceThe Charlotte Observer, July 20CHARLOTTE, N.C. – Brackett Co., which develops medical and Class-A offices, and Southern Development Partners, plan to build 32 condos on top of 60,500 square feet of...

July 20, 2000 Industrial space becoming scarceThe Vancouver Sun, July 20VANCOUVER (British Columbia) – According Colliers International, the vacancy rate for industrial property in Greater Vancouver is expected to drop to a record low 1.8 percent by the end of...