February 6, 2001 Bear Stearns Mortgage Securities Inc., Series 2001-EPRClassAmount($mln)RatingS&PRatingMoody'sAvg.LifePriceTalk(BP)BenchMarkA63.5AAAAaa5+75-80SwapsB11.7AAAa25+105-110SwapsC12.5AA25+140 areaSwapsD4.6A-A35+160 areaSwapsE7.5BBBBaa25+365 area5-yr. Treas.F3.8BBB-Baa35+450 area5-yr. Treas.
February 6, 2001 By Brad Berton, Commercial Real Estate Direct Contributing WriterRREEF Funds has acquired the 292-unit Pointe at Crystal Lake apartments in Pompano Beach, Fla., from Phoenix Realty Advisors.No price was disclosed in connection with the deal,...
February 6, 2001 HOUSTON – Camden Property Trust (NYSE:CPT) has sold 15 acres in the 700-acre former Andrau Airpark to Trademark, a Fort Worth, Texas-based retail developer. Terms of the transaction were not disclosed.Trademark intends to build a...
February 6, 2001 JERSEY CITY, N.J. – The Lefrak Organization has begun construction of a 1.2 million-square-foot office tower in its Newport community, a 600-acre mixed-use development on the Hudson River waterfront.The 32-story tower, at 480 Washington Blvd.,...
February 6, 2001 BOSTON – Cabot Industrial Trust (NYSE:CTR) has acquired properties totaling $43 million in the San Francisco Bay area and Chicago on behalf of its joint venture with GE Capital Real Estate.The Cabot/GE Capital joint venture...
February 6, 2001 LOS ANGELES – PropertyFirst.com has completed its acquisition of a line of appraisal software products from First Realty Advisors Inc. In addition to buying the RealWorks line of software products, PropertyFirst has named John K....
February 6, 2001 FORT LAUDERDALE, Fla. – Castillo Grand LLC will begin construction in March on a 23-story St. Regis Hotel and Residences.The $160 million condominium development, on Fort Lauderdale Beach and Castillo Street, will consist of 29...
February 6, 2001DENVER – Tom Toomey has resigned as chief operating officer of Apartment Investment and Management Co. (NYSE:AIV). Meanwhile, the company has promoted two executives.Toomey is leaving "to pursue other interests," the REIT said. "Tom has our...
February 6, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99Adj. FFO (Mln) $243.2$182.9 $843.6 $686.3 FFO/shr (diluted) $0.75 $0.68 $2.86 $2.57 Net Income (Mln) $116.3 $146.2 $470.9 $431.4 Net/shr$0.35 $0.53 $1.52 $1.48 Revenue (Mln)$657.2 $494.5$2,264.2$1,942.2 Shares Outstanding (Mln)350.7 290.6 319.0...
February 5, 2001 HOUSTON – Hilton Hotels Corp. (NYSE:HLT) has sold the 319-unit hotel Red Lion Houston Galleria for $20 million.Westheimer Hotel LP paid $62,700/unit for the hotel. Amerimar Enterprises Inc. will manage the property.Hilton has entered into...
February 5, 2001 Nominal investment-grade spreads for new issue conduits in the commercial mortgage-backed-securities market were virtually unchanged last week versus spreads in interest rate swap agreements, according to research published Friday by Banc of America Securities. The...
February 5, 2001 Service-center leasing in South Orange, Fla., posts recordThe Orlando (Fla.) Sentinel, February 5South Orange County's service-center market closed last year with 455,622 square feet of leasing activity, the strongest since 1988. The market has 6...
February 5, 2001 Hotel proposed for Niagara Falls, OntarioBusiness First of Buffalo, February 5NIAGARA FALLS, Ontario – Developer Michael Rudan wants to build a C$40 million (US$26.6million), 30-story, 311-room and suite Crowne Plaza hotel in the city's Fallsview...
February 5, 2001 NEW YORK – Bernard H. Mendik has bought the entire office building at 570 Lexington Ave., not just a half-stake in the building as reported last week.Mendik – who gave up his stake in the...
February 5, 2001 NEW YORK – Brookfield Properties Corp. (NYSE:BPO) has refinanced 245 Park Ave. for $500 million.Chase Manhattan is providing the 10-year loan, fixed-rate loan, which bears interest at 6.65 percent.As expected, the 1.7 million-square-foot property will...
February 5, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $97.5$91.3 $376.7 $320.2 FFO/shr (diluted) $0.57 $0.54 $2.21 $2.02 Net Income (Mln) $44.6 $36.2 $157.7 $124.0 Net/shr$0.27 $.022 $0.96 $0.81 Revenue (Mln)$179.0 $171.6 $694.8$634.3 Shares Outstanding (Mln)178.8 176.6 178.2...
February 5, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $25.2$17.8 $86.3 $59.1FFO/shr (diluted) $0.25 $0.19 $0.87$0.70 Net Income (Mln) $3.7 $2.4 $12.6 $6.5Net/shr$0.21 $0.14 $0.72 $0.52 Revenue (Mln)$32.7 $24.1 $115.9$86.0 Shares Outstanding (Mln)17.0 17.0 17.0 12.6
February 5, 2001 ATLANTA – Buckhead America Corp. (Nasdaq:BUCK) plans to sell up to 10 hotels in the next six months under a restructuring plan that is meant to return the hospitality services company to profitability.The company has...
February 5, 2001 NEW YORK – Prudential Mortgage Capital Co. has named Scott M. Chisholm a principal to oversee the company's new midtown Manhattan offices.Chisholm will originate mortgages in the New York office, including capital markets, general account,...
February 5, 2001 NEW YORK – Sonnenblick-Goldman Co. has promoted four executives at its New York office.Peter Berk and Mark Ehlinger have been promoted to directors from vice presidents, while Elif A. Bali and Victor Wang have been...
February 2, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $9.2$8.5 $35.8 $32.2 FFO/shr (diluted) $0.55$0.52 $2.15 $1.94 Net Income (Mln) $13.1 $4.6 $30.5 $24.9 Net/shr$0.78 $0.28 $1.84 $1.51 Revenue (Mln)$25.8 $24.5 $100.5$95.4 Shares Outstanding (Mln)16.8 16.4 16.6 16.6
February 2, 2001 Lehman Brothers and its partners have received more than $118 million in financing from DaimlerChrysler Capital Services to buy 1,610 apartment units in Riverside, San Dimas and West Covina, Calif.Lehman Brothers and developer General William...
February 2, 2001 Chrysler builds parts hub in OrlandoThe Orlando Sentinel, February 2ORLANDO, Fla. – Daimler Chrysler AG is building a 500,000-square-foot distribution center at Airport International Park. The $19 million center will house DaimlerChrysler parts warehousing and...
February 2, 2001 KENNETT SQUARE, Pa. - ElderTrust (NYSE:ETT) has completed transactions with Genesis Health Ventures Inc. and the Multicare Cos., allowing it to extend its bank credit facility to Aug. 30, 2002."The completion of these agreements today...
February 2, 2001 TOLEDO, Ohio – Health Care REIT Inc. (NYSE:HCN) has completed its restructuring agreement with Summerville Assisted Living Inc. and has released the Summerville facilities. The REIT had previously agreed to restructure its investment in the...
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