February 14, 2001 NEW YORK – First Union Real Estate Equity and Mortgage Investments (NYSE:FUR) will hold a special meeting of shareholders on March 6 to vote on the company's contract to sell most of its real estate...

February 14, 2001 SAN FRANCISCO – PMI Mortgage Insurance Co. has promoted Janet Parker to senior vice president of risk management.Previously, she was vice president of field operations. Parker joined the company in 1983 as national underwriting manager...

February 14, 2001 KENNETT SQUARE, Pa. – ElderTrust (NYSE:ETT) has renegotiated two mortgage notes totaling $20 million.Under the terms of the agreements, the equity healthcare REIT has worked out new deals with its lenders that take into account...

February 14, 2001 Council clears way for $48 Mln Athens, Ala., project The Birmingham News, February 14ATHENS, Ala. - The last hurdle for development of a $48 million Athens Outlet Village has been cleared. The City Council agreed...

February 14, 2001HORSHAM, Pa. – GMAC Commercial Holding Corp. is spreading its wings in Europe. The firm has acquired UCB Healthcare Service Co., a servicer of nursing home loans that is based in Sutton, England, in the county...

February 14, 2001 WAILUKU, Hawaii – The Hawaii Land & Farming Co. Inc. has put the Kehalani Development Site, at the foothills of the West Maui Mountains, up for sale.Sealed bids are due 5 p.m. (PST) March 14....

February 14, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $53.8$45.9 $167.2 $164.3 FFO/shr (diluted) $0.90 $0.75 $2.81$2.70Net Income (Mln) $16.9 $83.9 $38.0 $110.9Net/shr$0.50 $2.00 $1.11 $2.99 Revenue (Mln)$91.6 $84.7 $320.1$327.4 Shares Outstanding (Mln)59.160.459.360.9

February 14, 2001 SAN DIEGO – Watt Commercial Properties plans to begin construction in May on an 18-story residential tower in the downtown area.The $75 million, 389-unit multifamily complex will sit on a 1.4-acre site bounded by Columbia,...

February 14, 2001 THUNDER BAY, Ontario – RioCan Real Estate Investment Trust (TSE:REI_u.TO) has completed its purchase of a 280,000-square-foot retail center for C$30.75 million (US$20.2 million).The center, which has been renamed RioCan Centre Thunder Bay, is 100...

February 14, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $6.6$6.6 $26.8 $25.5 FFO/shr (diluted) $0.61 $0.62 $2.48 $2.37 Net Income (Mln) $2.1 $3.8 $11.8 $11.8 Net/shr$0.18 $0.41 $1.34 $1.17 Revenue (Mln)$24.3 $21.6 $92.3$85.3 Shares Outstanding (Mln)12.1 12.2 12.1...

February 14, 2001 TORONTO - Brookfield Properties Corp. (NYSE:BPO) has completed its acquisition of a 50 percent interest in the Bay-Adelaide Center site in downtown Toronto from TrizecHahn Office Properties Ltd.The site consists of two prime blocks of...

February 14, 2001 WASHINGTON – Zethus Inc. has beefed up its technology team in preparation for the roll out of its Web-based commercial real estate leasing platform.In December, the Goldman Sachs company hired Mike Conger, vice president of...

February 13, 2001 STERLING, Va. - Lend Lease Real Estate Investments has provided $11.7 million in long-term financing for a carrier hotel on behalf of an affiliate of DataCentersNow.The 54,000-square-foot CyberFortress I property was financed with a 10-year...

February 13, 2001 Office Portfolio Trust, 2001-HRPTClassAmount ($mln)Rating FitchRating Moody'sAvg. LifePrice Talk (BP)BenchmarkFinal Pricing (BP)BenchmarkA-136AAAAaa5.7+48 areaSwaps+48SwapsA-2 (Fixed)28AAAAaa9.94+60SwapsA-2 (Floating)90.95AAAAaa9.94+481-mo. LiborB (Floating)11.5AA+Aaa9.94+511-mo. LiborC (Floating)15.5AAAa29.94+601-MO. LiborD (Fixed)11.04A+Aa29.94+85 areaSwaps+85 SwapsE (Fixed)10.00AA29.94+90 areaSwaps+93SwapsE (Floating)11.09AA29.94+811-mo. LiborF (Fixed)17.7BBB+Baa19.94+130 areaSwaps+125SwapsG (Fixed)10.8BBBBaa29.94+135 areaSwaps+130SwapsH (Fixed)17.07BBB-Baa39.94+165-170Swaps+160Swaps

February 13, 2001NEW YORK - Fitch has upgraded three classes of Morgan Stanley Capital I Inc., 1997-LB1.The $7.3 million class C was upgraded to double-A-plus from double-A. The $9.1 million class D was upgraded to A-plus from A-minus....

February 13, 2001 RICHMOND, Va. – Thomas W. Toomey has joined United Dominion Realty Trust Inc. (NYSE:UDR) as president and chief executive officer as well as director of the REIT, effective Feb. 13.Toomey earlier this month resigned as...

February 13, 2001 NEWTON, Mass. – HRPT Properties Trust (NYSE:HRP) has registered to sell up to $100 million of Series A cumulative redeemable preferred shares.The 4 million shares will likely be sold for $25/share, according to a preliminary...

February 13, 2001 First Union to build condos in Charlotte, N.C. The Charlotte Observer, February 13CHARLOTTE, N.C. – First Union Corp. plans to add luxury condominiums to a park it is developing on South Tryon Street. Grubb Properties...

February 13, 2001 CLEVELAND – Martin J. Cleary will retire on March 31 as president and chief operating officer of the Richard E. Jacobs Group.Cleary, 65, has served as president and COO since joining the commercial real estate...

February 13, 2001 Bear Stearns Mortgage Securities Inc., 2001-EPRClassAmount($mln)Rating S&PRating Moody'sAvg. LifePrice Talk (bp) 2/6/01Revised Talk (bp) 2/8/01Final Pricing (bp) 2/9/01Bench-markA63.5AAAAaa5+75-80+85 area+87SwapsB11.7AAAa25+105-110+115 area+115SwapsC12.5AA25+140 area+145 area+145SwapsD4.6A-A35+160 area+160 area+160SwapsE7.5BBBBaa25+365+365 area+3655-yr Treas.F3.8BBB-Baa35+450+450 area+4505-yr Treas.

February 13, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $59.9$54.6 $234.2 $211.0 FFO/shr (diluted) $0.81 $0.75 $3.17 $2.89 Net Income (Mln) $42.0 $33.6 $159.3 $141.3 Net/shr$0.57 $0.46 $2.17 $1.95 Revenue (Mln)$138.1 $124.8 $533.0$472.5 Shares Outstanding (Mln)76.9 76.5 76.6...

February 13, 2001 Centrefund buys shopping center in BramptonCanada Newswire, February 13BRAMPTON, Ontario - Centrefund Realty Corp. has purchased a 290,000-square-foot shopping center on the southeast corner of Highway No. 7 and Highway No. 10 for C$40.8 million...

February 13, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $16.0$15.6 $64.1 $61.3 FFO/shr (diluted) $0.80 $0.76 $3.19 $2.99 Net Income (Mln) $7.5 $8.0 $33.3 $29.1 Net/shr$0.43 $0.46 $1.91 $1.68 Revenue (Mln)$37.4 $35.1 $146.5$135.0 Shares Outstanding (Mln)17.3 17.3 17.3...

February 13, 2001 SAN FRANCISCO – Esprit de Corp., an apparel and accessory retailer, has put a nearly four-acre parcel up for sale in Mission Bay.The parcel, at 499 Illinois St., is home to an Esprit Outlet.Whitney Cressman...

February 13, 2001 CLEVELAND - Vice President and Controller Lou Fatica will assume the responsibilities of chief financial officer of Associated Estates Realty Corp. (NYSE:AEC), effective March 15.Fatica, who joined the company in 1999, was promoted to vice...