General News
Cousins Properties Makes Management Additions
February 3, 2000 ATLANTA – Cousins Properties Inc. (NYSE:CUZ) has named Thomas D. Lenny senior vice president of its retail division's western region and Kevin B. Polston senior leasing director.Lenny is charged with identifying and buying sites and maintaining relationships...
Citizen Watch Signs $15 Mln Lease in Los Angeles
February 2, 2000 By Brad Berton, IPGDirect.com Contributing EditorCitizen Watch Co. of America is relocating its West Coast regional headquarters operation to about 130,000 square feet of office, service and distribution space at the Pacific Gateway business park. The watchmaker...
Canada Regional Digest
February 2, 2000 Hotel, others eye Daly projectThe Ottawa Citizen, February 2OTTAWA – Operators of the Chateau Laurier Hotel are looking at expanding across the street into a new 10-story building set to rise this year on the site of...
Westfield America 4th-Qtr FFO $0.47/shr vs $0.43/shr
February 2, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $49.7 mln$41 mln $177 mln $140.8 mln FFO/shr (diluted) $0.47 $0.43 $1.73 $1.63 Net Income $19.7 mln $12 mln $54.3 mln $106.2 mln Revenue$131.3 mln $111.2 mln $503.8 mln $328.5 mln Shares...
Southeast Regional Digest
February 2, 2000 UPS seeking site for e-commerce unitsAtlanta Journal-Constitution, February 2ROSWELL, Ga. – United Parcel Service has set its sights on the former Herman Miller Inc. campus here. UPS is focusing on the 220,000-square-foot office building that housed Herman...
Finova Realty Shuffles Management Ranks, Brandes Steps Aside
February 2, 2000 IRVINE, Calif. – R.J. Brandes, executive managing director of Finova Realty Capital, is stepping aside from his day-to-day oversight of the operation.In his place, William G. Campbell was named managing director in charge of the unit's daily...
Tishman Speyer, Douglas Emmett Realty Finalists for MGM Plaza
February 2, 2000 Tishman Speyer Properties of New York and Douglas Emmett Realty Advisors of Los Angeles appear to be the finalists to buy Maguire Partners' MGM Plaza in Los Angeles, according to the Wall Street Journal.The newspaper said the...
First Union, Wellsford Kill Merger Talks
February 2, 2000 NEW YORK – First Union Real Estate Investments (NYSE:FUR) and Wellsford Real Properties Inc. (AMEX:WRP) have terminated negotiations concerning a possible business combination or other transaction.Reasons for the termination could not be immediately learned. The two firms...
Long-time Citigroup Exec Joins Cushman & Wakefield as Head of Corporate Services
February 2, 2000 NEW YORK – Steve Binder, a former director of global planning at Citigroup, has joined Cushman & Wakefield as managing director of corporate services.In his new post, Binder is charged with managing Cushman's national and international accounts,...
FINAL PRICING: Salomon Smith Barney $452 Floating-Rate CMBS
February 2, 2000 Salomon Smith Barney*, $452 Million Multi-Tranche Floating-Rate Commercial Mortgage-Backed SecuritiesClassAmount($mln)Credit support(%)RatingMoody'sRatingS&PAvg.LifeSpread(BP)BnchMarkA235.248AAAAAA1.0+301-mo. LiborB56.535.5AA2NR1.2+451-mo. LiborC36.227.5A2NR1.3+951-mo. LiborD38.419Baa2NR2.7+1901-mo. LiborE10.216.75Baa3NR2.7+2501-mo. Libor*Co-managed by Chase Manhattan Securities and Deutsche Banc Alex. Brown.NR: Not rated.
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