February 26, 2001 SAN DIEGO – Burnham Pacific Properties Inc. (NYSE:BPP) has completed the $19 million sale of two shopping centers to Retail Value Investment Program, a venture of Developers Diversified Realty (NYSE:DDR), Coventry Real Estate Partners and...
February 26, 2001 Prime Group Realty Trust ? 4th-Qtr 00 4th-Qtr 99 12-mos 00 12-mos 99 FFO (Mln) $2.4 $11.1 $44.0 $54.1 FFO/shr (diluted) $0.09 $0.43 $1.64 $2.06 Net Income (Mln) $(4.1) $(4.5) $13.9 $54.8 Net/shr (diluted) $(0.46)...
February 26, 2001 Japanese banks have increased by 30 percent since last March the amount of property assets that have been securitized, according to a recent report from Nomura Real Estate Development Co. in Tokyo.The combined trust balance...
February 26, 2001 By Susanna Potter, Commercial Real Estate Direct Staff WriterScott Rechler, president and co-chief executive of Reckson Associates Realty (NYSE:RA), will soon relinquish his titles of president and chief executive of Frontline Capital Group (Nasdaq:FLCG), the...
February 26, 2001Commercial Real Estate Direct Staff ReportCarson Cos. has secured city approvals for a speculative 1.35 million-square-foot industrial development in Chino, Calif., within the Inland Empire distribution hub, according to the area's weekly Business Press.Carson Cos., based...
February 23, 2001 Crescent Real Estate ? 4th-Qtr 00 4th-Qtr 99 12-mos 00 12-mos 99 FFO (Mln) $94.7 $102.1 $326.9 $355.8 FFO/shr (diluted) $0.77 $0.75 $2.54 $2.58 Net Income (Mln) $77.8 $22.1 $248.1 $11.1 Net/shr (diluted) $0.69 $0.15...
February 23, 2001 Fine Hotel Corp. buys Orlando, Fla., hotel for $47 MlnThe Orlando (Fla.) SentinelORLANDO, Fla. – The Hotel Royal Plaza in Lake Buena Vista has changed hands once again. Fine Hotels Corp. paid $47 million for...
February 23, 2001 NEW YORK – Standard & Poor's has placed the ratings of Vornado Realty Trust (NYSE:VNO) on CreditWatch with negative implications.The action was prompted by news that Vornado was negotiating a 99-year lease for Manhattan's World...
February 23, 2001 NEW YORK – Standard & Poor's has affirmed its triple-B-plus corporate credit and senior unsecured ratings and triple-B preferred stock ratings on Equity Office Properties Trust and EOP Operating LP. The outlook for Equity Office...
February 23, 2001 UNIONDALE, N.Y. – Deutsche Bank Mortgage Capital has provided a $17 million 10-year mortgage to finance the purchase of a 300-unit apartment complex in Columbus, Ohio.The loan, which amortizes over 30 years and carries a...
February 23, 2001 (NewsTraders.com) – Credit Suisse First Boston analyst Matt Dembski has issued buy ratings to Realty Income Corp. (NYSE:O) and Capital Automotive (Nasdaq:CARS).Realty Income – a triple-net-lease REIT that owns a diversified portfolio of freestanding, single-tenant,...
February 23, 2001 NEW YORK – Fitch has assigned a triple-B-minus rating to Shurgard Storage Centers Inc.'s (NYSE:SHU) recent offering of $75 million 8.75 percent series D cumulative preferred stock.Proceeds of the offering as well as cash remaining...
February 23, 2001 CHICAGO – Security Capital Group Inc. (NYSE:SCZ) expects to raise $626 million, after expenses, from the sale of up to 31.7 million shares of Archstone Communities Trust (NYSE:ASN).Security Capital has agreed to sell 25.6 million...
February 23, 2001 G-Force CDO 2001-1 Ltd. & G-Force CDO 2001-1 Corp.ClassAmount($mln)Sub. Level(%)RatingS&PRatingMoody'sAvg.LifePriceTalk(BP)Priced(BP)BenchMarkA137.884AAAAaa6.8+60 area+60LiborB34.480AAAa28.6+85 area+85LiborC86.170AA28.9+145 area+155LiborD51.764BBBBaa27.6+325 area+325Treas.E94.753BBB-Baa37.6+450 area+465Treas.
February 23, 2001 By Brad Berton, Commercial Real Estate Direct Contributing WriterThe Portland, Ore., multifamily market has pulled off a fairly dramatic turnaround and could see investment activity accelerate as rents continue to rise, according to an analysis...
February 23, 2001 NEW YORK – Fitch said it has affirmed the triple-B-plus rating for $5.8 billion of senior unsecured notes issued by Equity Office Properties' (NYSE:EOP) operating unit.The action comes on the heels of Equity Office's agreement...
February 23, 2001 Weingarten Realty Investors ? 4th-Qtr 00 4th-Qtr 99 12-mos 00 12-mos 99 FFO (Mln) $14.7 $34.3 $59.0 $76.5 FFO/shr (diluted) $1.09 $1.02 $4.24 $3.93 Net Income (Mln) $19.7 $39.3 $79.0 $96.1 Net/shr (diluted) $0.54 $1.28...
February 23, 2001 Smith Residential Realty ? 4th-Qtr 00 4th-Qtr 99 12-mos 00 12-mos 99 FFO (Mln) $43.3 $32.3 $155.5 $116.5 FFO/shr (diluted) $1.00 $0.87 $3.63 $3.23 Net Income (Mln) $53.8 $46.6 $94.7 $82.2 Net/shr (diluted) $2.14 $2.20...
February 23, 2001 BETHESDA, Md. – First Washington Realty Trust Inc. (NYSE:FRW) said its $800 million sale to a venture led by the California Public Employees' Retirement System should be completed between Feb. 28 and March 5.The venture,...
February 23, 2001 MCLEAN, Va. – Sunrise Assisted Living Inc. (Nasdaq:SNRZ) has completed the sale of nine assisted-living properties to a partnership created with clients of Prudential Real Estate Investors for about $131 million.Sunrise will continue to own...
February 22, 2001 G-Force CDO 2001-1 Ltd. & G-Force CDO 2001-1 Corp.ClassAmount($mln)Sub. Level(%)RatingS&PRatingMoody'sAvg.LifePriceTalk(BP)BenchMarkA137.884AAAAaa6.8+60 areaLiborB34.480AAAa28.6+85 areaLiborC86.170AA28.9+145 areaLiborD51.764BBBBaa27.6+325 areaTreas.E94.753BBB-Baa37.6+450 areaTreas.
February 22, 2001 SACRAMENTO, Calif. – The California Public Employees' Retirement System has renewed its contract with Pension Consulting Alliance Inc./Ernst & Young/Kenneth Leventhal Real Estate Group as the pension fund's real estate consultant for one year.The Encino,...
February 22, 2001 Morgan Stanley-ING Barings Ajax-1 CDOClassAmount($mln)Sub.RateRatingS&PRatingMoody'sRatingFitchAvg.LifePricedBenchMarkA25631.7AAAAAAAAA7.9+58SwapsB3322.9NRA3A-9.8+135SwapsC509.5NRBaa3BBB-11.6+405Treas.D*5NANRNRNRNANA NA*Said to have been retained by issuer.
February 22, 2001 PARAMUS, N.J. – AmeriCold Logistics, a cold-storage company that is owned by affiliates of Vornado Realty Trust (NYSE:VNO) and Crescent Real Estate Equities Co. (NYSE:CEI), has restructured leases with the two REITs, reducing this year's...
February 22, 2001 GS Mortgage Securities Corp. II, Series 2001-LIB ClassAmount($mln)RatingFitchRatingS&PAvg.Life*PriceTalk**(BP)Priced(BP)BenchMarkA-164.3AAAAAA5+45-47+48SwapsA-2186.9AAAAAA10+58-60+65SwapsB50.75AAAA10+68-71+80SwapsC43.6AA10+83-86+95SwapsD11.5A-A-10+93-96+105SwapsE16.2BBB+BBB+10+110 area+120SwapsF17.4BBBBBB10+125 area+135SwapsG41.2BBB-BBB-10NA +260Treas.X***432AAAAAANANA NA NA* Approximate.** Represents initial price guidance. Talk was revised before final pricing, but those figures were not available. *** Notional amount, interest-only.
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