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 12, 2001 (NewsTraders.com) – MeriStar Hospitality (NYSE:MXH) was demoted to market perform from buy by First Union Securities analyst Jeffrey Donnelly, who said the company's lackluster fourth-quarter showing influenced the change.The analyst said an unexpected share buyback...
February 12, 2001 TWINSBURG, Ohio – Time Equities Inc. has received $11.3 million in fixed-rate financing from HVB Capital to buy the 173,000-square-foot Cole Vision World headquarters.L.J. Melody and CB Richard Ellis arranged the financing for the two-story...
February 12, 2001 WASHINGTON – The Department of Housing and Urban Development has completed the sale of $623 million of multifamily and healthcare loans, recovering $432 million, or nearly 70 percent of the loans' unpaid balance.As previously reported,...
February 12, 2001 Hines to renovate First Union Financial Center in Coral Gables, Fla.Sun-Sentinel, February 12CORAL GABLES, Fla. – Hines has purchased the First Union Financial Center in downtown Coral Gables from First Union National Bank. The site...
February 12, 2001 ATLANTA – Thomas Arasi, who until last September was president of Bass Hotels and Resorts' (NYSE:BAS) Americas division, has been named president and chief executive of Lodgian Inc. (NYSE:LOD).Arasi succeeds Robert Cole, who will remain...
February 12, 2001 CARLSBAD, Calif. – Phat Pipe Inc. has named Kevin Wechter as senior vice president and general counsel and has hired Katrina Thompson as vice president of finance.Wechter will oversee the provision of all legal services,...
February 12, 2001 WAYNE, Pa. – Vincent J. Rogusky, former senior vice president at Julien J. Studley Inc., has joined PA Early Stage through the venture capital firm's Executive in Residence Program.Rogusky will help the fund's investment team...
February 12, 2001 AURORA, Ill. – Chelsea Property Group plans to build a 430,000-square-foot outlet center for $70 to $80 million.The Premium Outlet Center, which will house about 100 stores, will sit at the northeast corner of the...
February 12, 2001 (NewsTraders.com) – iStar Financial (NYSE:SFI) has filed a shelf registration statement with the Securities and Exchange Commission allowing for the possible future offering of up to $500 million of debt and equity securities.The filing covers...
February 12, 2001 LUTHERVILLE, Md. – Mid-Atlantic Realty (NYSE:MRR) has opened the $11.5 million Security Station Shopping Center.The 73,000-square-foot center, located at the intersection of Rolling Road and Security Boulevard, is 100 percent leased and is anchored by...
February 12, 2001 HONOLULU – Alexander & Baldwin Inc. (Nasdaq:ALEX) has completed the purchase of the Pacific Guardian Tower from Tosei Properties Inc.The 124,000-square-foot, 18-story tower, which sits across the intersection from the Ala Moana Shopping Center, is...
February 12, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $21.3$20.1 $82.1 $78.7FFO/shr (diluted) $0.72 $0.69 $2.76 $2.70 Net Income (Mln) $13.2 $13.7 $52.6 $50.7 Net/shr$0.44 $0.39 $1.47 $1.44 Revenue (Mln)$51.6 $45.5 $197.4$175.0 Shares Outstanding (Mln)29.8 29.229.8 29.1
February 12, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $70.8$87.2 $326.1 $330.8 FFO/shr (diluted) $0.46 $0.52 $2.02 $2.00 Net Income (Mln) $144.3 $3.1 $222.3 $94.0 Net/shr$0.93 $0.02 $1.43 $0.60 Revenue (Mln)$147.5 $170.0 $655.7$652.7
February 12, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $1.8$2.1$7.8 $8.5 FFO/shr (diluted) $0.32 $0.35 $1.37 $1.43 Net Income (Mln) $0.3 $0.6 $2.0 $2.7 Net/shr$0.06 $0.10 $0.35 $0.46 Revenue (Mln)$8.5 $8.3 $33.9$33.5 Shares Outstanding (Mln)7.4 7.6 7.4 7.6
February 12, 2001 LOS ANGELES – Pacific Theatres Realty has been renamed Robertson Properties Group to encompass the firm's broader mission as a full service real estate company.At the same time, Neil Haltrecht, who has been directing the...
February 12, 2001 By Brad Berton, Commercial Real Estate Direct Contributing WriterRREEF Funds, which has had a seemingly insatiable acquisition appetite, has purchased the 204,882-square-foot Monument II office building in northern Virginia's Dulles Corridor.The property was purchased from...
February 12, 2001 FORT WASHINGTON, Pa. - SJP Properties has signed a long-term lease for 171,500-square feet with The BISYS Group Inc.Construction will begin in March and will be completed in March 2002. When complete, BISYS will occupy...
February 12, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $49.6 -- $226.1 -- FFO/shr (diluted) $0.93 $0.89 $4.11 $3.88 Extra Gain (Loss) -- -- $3.1 ($4.5) Revenue (Mln)$94.2$87.6 $400.8$374.9Shares Outstanding (Mln)53.5 57.1 54.9 57.3
February 12, 2001 DALLAS – Ameriton Properties has received $17.9 million in permanent financing from Aegon for the 350-unit Montfort Apartments.L.J. Melody & Co.'s Denver office arranged the financing.
February 9, 2001PITTSBURGH - Technology has placed an unprecedented demand for space on the office sector, but industry risks already are resulting in warning signs of a cooling market, according to PNC Real Estate Finance (NYSE:PNC) and Grubb...
February 9, 2001 Choices spur midtown activityAtlanta Journal-Constitution, February 9ATLANTA –Developers say demand for midtown office space will be healthy enough this year to allow the area to remain one of metro Atlanta's top markets. The midtown market...
February 9, 2001 HORSHAM, Pa. – GMAC Commercial Mortgage Co. has named Jose A. (Tony) Perez as vice president/manager of the agency loan portfolio within the servicing department.Perez will manage GMAC's agency servicing portfolio, which includes Fannie Mae,...
February 9, 2001 WASHINGTON – Edens & Avant is expanding its grocery-anchored shopping center business in the Mid-Atlantic region.The company has hired Steven C. Boyle as vice president of retail development to oversee the new initiative.Boyle has more...
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