February 1, 2001 SAN JOSE, Calif. – GMAC Commercial Mortgage Corp. has provided $29.6 million of fixed-rate financing for two hotels in Milpitas, Calif.JWMFE Milpitas CY LLC has received a $16 million loan for the 155-unit Courtyard by...
February 1, 2001 By Patrick Crowley, Commercial Real Estate Direct Contributing WriterOne of the nation's largest education pension funds has made a $28 million purchase of industrial property outside of Cincinnati in northern Kentucky, giving brokers cause to...
February 1, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln)$6.5$6.5 $31.8 $31.8 FFO/shr $0.36 $0.36 $1.72 $1.76 Net Income (Mln)$12.1 $2.9 $15.0 $16.9 Net/shr$0.61 $0.07 $0.48 $0.61 Revenue (Mln)$23.9 $13.9 $63.7$62.7 Shares Outstanding (Mln)18.2 18.1 18.2 18.1
February 1, 2001 DALLAS – Infomart has partnered with Sarofim Realty Advisors to buy 65 acres at the northwest corner of Interstate 45 and Beltway 8 West in Houston's Greenspoint area from Ray Nasher.Infomart, the Dallas-based developer of...
January 31, 2001 By Brad Berton, Commercial Real Estate Direct Contributing WriterAEW Capital Management of Boston has named five executives as principals of the company and promoted six others to vice president.The new principals are Linda Magee, who...
January 31, 2001 HORSHAM, Pa. – GMAC Commercial Mortgage Co. closed 77 basic Federal Housing Administration loans totaling $440 million during the federal Housing and Urban Development's fiscal year 2000.The 77 loans, which consisted of 10,544 units, closed...
January 31, 2001 PARSIPPANY, N.J. – Prudential Real Estate Investors and Erwin L. Greenberg & Associates of Baltimore have formed a $250 million joint venture to develop, redevelop and buy neighborhood and community shopping centers in the Mid-Atlantic...
January 31, 2001 AHOSKIE, N.C. – Developers Diversified Realty Corp. (NYSE:DDR) has sold the Ahoskie Commons Shopping Center for $8.3 million to a private investor.The retail center consists of 193,457 square feet.
January 31, 2001CHICAGO – Leonard G. Levine, suspended president of Banyan Strategic Realty Trust (Nasdaq:BSRTS), has filed two court actions against the REIT to keep it from liquidating to Denholtz Management Corp.He is suing the REIT's executives on...
January 31, 2001 By Brad Berton, Commercial Real Estate Direct Contributing WriterRREEF Funds has acquired the 176-unit Reserve at Lenox Park Apartments within the Lenox Park development in Atlanta's high-rent Buckhead district.RREEF wouldn't disclose the investor client or...
January 31, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $1.3$2.8 $4.7 $10.2 FFO/shr (diluted) $0.32 $0.48 $1.23 $1.82 Net Income (Mln) $(0.6)$1.4$(0.8) $4.6 Net/shr$(0.11) $0.26$0.16 $0.90 Revenue (Mln)$10.4 $11.0 $45.0$44.9 Shares Outstanding (Mln)5.2 5.2 5.2 5.2
January 31, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $1.7$1.4 $6.2 $5.4 FFO/shr $0.24 $0.19 $0.85 $0.73 Net Income (Mln) $319.0 $(36.0)$2,832.0$716.0 Net/shr$0.07 $(0.01) $0.58 $0.15 Revenue (Mln)$5.1 $4.9 $20.2$19.4 Shares Outstanding (Mln)7.3 7.4 7.4 7.4
January 31, 2001 NEW YORK – Jones Lang LaSalle Hotels has promoted Alan Tantleff to executive vice president of the firm's New York office, where he will take on a more active role in the group's strategic research...
January 31, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $97.2$86.4 $377.9 $278.6 FFO/shr (diluted) $0.63 $0.57 $2.46 $2.19 Net Income (Mln) $73.4 $41.2 $213.0 $139.6 Net/shr$0.57 $0.33 $1.66 $1.32 Revenue (Mln)$194.7 $183.6 $794.6 $589.6 Shares Outstanding (Mln)154.8 152.0...
January 31, 2001 CLEVELAND – Two of Richard E. Jacobs Group's Ohio shopping centers will transfer ownership to Times Square Real Estate Investors.Northland Mall and Westland Mall's ownership change will be effective today.The move is a continuation of...
January 31, 2001 Commercial Real Estate DirectDue to a typographical error, price guidance on the 10-year triple-A tranche of the $270 million Banc of America 2001-FM single-asset deal (The Florida Mall) was incorrectly published yesterday.The following table includes...
January 31, 2001 NEW YORK – Brookfield Properties Corp. (NYSE:BPO) has completed a $432 million refinancing of its 2.2 million-square-foot One Liberty Plaza property in downtown Manhattan.The investment grade financing, recourse only to the property, has a term...
January 31, 2001SAN FRANCISCO – Mark Geisreiter has been named senior vice president of Equity Office Properties Trust's (NYSE:EOP) San Francisco region, which comprises 11.4 million square feet of office space in 76 buildings.Geisreiter will direct the leasing,...
January 31, 2001 Commercial Real Estate DirectDES MOINES, Iowa – Principal Capital Real Estate Investors says it is implementing Streamloaner – a commercial real estate process management software product offered by Birmingham, Mich.-based e-Cognita.Streamloaner automates commercial real estate...
January 31, 2001 LINDON, Utah – W.P. Carey & Co. LLC (NYSE:WPC) plans to build a $13.2 million facility for Exodus Communications Inc. to serve as the company's headquarters and testing center for Exodus Performance Labs.Under the terms...
January 31, 2001 NEW YORK – Lend Lease Real Estate Investments Inc. has launched Lend Lease European Real Estate Securities Fund to invest primarily in publicly held real estate companies in the European Union.According to Lend Lease, the...
January 31, 2001By Brad Berton, Commercial Real Estate Direct Contributing WriterRREEF Funds, the Chicago pension-fund adviser, has acquired a 248,000-square-foot industrial park in its own back yard from Prentiss Properties (NYSE:PP).The firm purchased Continental Executive Park, comprised of...
January 31, 2001 TORONTO – Brookfield Properties (NYSE:BPO) has agreed to pay US$33 million to acquire a 50 percent interest in a proposed 1.8 million-square-foot office building in downtown Toronto. The deal, which is valued at $37/buildable sf,...
January 31, 2001 SEATTLE – Equity Office Properties Trust (NYSE:EOP) has promoted Patrick Callahan to senior vice president of the new Seattle regional headquarters.Callahan is a 10-year veteran of Equity Office. Previously, he was vice president of property...
January 31, 2001 SEATTLE – Equity Office Properties Trust (NYSE:EOP) has decided to bring the leasing and management for the majority of its 8.1 million-square-foot Pacific Northwest portfolio in-house.Office property developer Wright Runstad & Co., which had been...
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