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May 24, 2000 NEW YORK – Standard & Poor's has raised its ratings on five classes of Nomura Asset Securities Corp., 1995-MDIII.S&P raised the following classes in the series: Class A-2 to double-A-plus from double-A; Class A-2CS to double-A-plus-r from...
May 24, 2000 BETHESDA, Md. – A lending syndicate arranged by First Union National Bank has provided a $100 million revolving credit facility to First Washington Realty Trust Inc. (NYSE:FRW)The credit line, which matures in May 2003 and carries a...
May 24, 2000 (NewsTraders.com) -- Apex Mortgage Capital (NYSE:AXM) and affiliates recently lowered their equity stake in Hanover Capital Mortgage Holdings (Amex:HCM) to 2.9%, and now hold just 167,000 shares of the New York-based mortgage real estate investment trust.Los Angeles-based...
May 24, 2000 Cushman & Wakefield of New Jersey Inc. has promoted several executives, starting with David W. Bernhaut, who was named executive director of the unit's financial services group.Bernhaut, who was promoted from senior director, most recently led a...
May 24, 2000 Office park pitches quicker commuteThe Charlotte Observer, May 24CHARLOTTE, N.C – Beacon Partners is completing its first 100,000-square-foot building and preparing to start a second 130,000-sf building at the 80-acre Harris Corners Corporate Park. One Harris Corners,...
May 24, 2000 CHICAGO – LaSalle Investment Management Inc., a unit of Jones Lang LaSalle (NYSE:JLL), has hired Jeff Jacobson as regional chief executive officer of its European operations, effective June 1. Jacobson most recently was managing director at Security...
May 24, 2000 NEW YORK – Fitch IBCA has upgraded Key Commercial Mortgage's primary servicer rating to CPS2 from CPS3 and affirmed the firm's CMS3 master-service and CSS3 special-servicer ratings.Key Commercial was formerly known as National Realty Funding, which was...
May 24, 2000 CHICAGO – Financier Sam Zell's Equity Group has formed a venture to buy, develop and operate industrial properties in Mexico.The venture, Corporate Properties of the Americas, was formed by Equity International Properties Ltd. and Development Co. of...
May 24, 2000 CHICAGO – Duff & Phelps has downgraded the $27.5 million double-B class of Asset Securitization Corp., 1997-MDVII, to single-B-plus.The rating agency reaffirmed the $40 million single-A class and a $37.5 million triple-B-minus class.The bonds are backed by...
May 24, 2000 1st-Qtr 001st-Qtr 99FFO $3.0 mln$2.9 mln FFO/shr (diluted) $0.59 $0.57 Net Income $1.6 mln $1.6 mln Net/shr$0.37 $0.36 Revenue$5.8 mln $5.4 mln Shares outst.5.1 mln 5.0 mln
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