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 $589.6 Shares Outstanding (Mln)154.8 152.0...
January 31, 2001 CLEVELAND – Two of Richard E. Jacobs Group's Ohio shopping centers will transfer ownership to Times Square Real Estate Investors.Northland Mall and Westland Mall's ownership change will be effective today.The move is a continuation of...
January 30, 2001 280 Park Avenue TrustClassAmount($mln)RatingFitchRatingMoody'sAvg.LifePriceTalk(BP)Priced(BP)BenchMarkA-135.6AAAAaa5.7+38 area+42SwapsA-264.7AAAAaa9.97+51-53+53SwapsA-2F64.7AAAAaa9.97+40-42+39LiborB31AAAa29.97+66-68+68SwapsC31AA29.97+81-83+80SwapsD8A-A39.97+91-93+91SwapsE23BBBBaa29.97+125 area+120SwapsF11.8BBBBaa39.97+145 area+140SwapsX-1*269.8AAAAaaNA+250-275+250Treas.*Notional amount, interest-only.
January 30, 2001Go To Moody's Presale Report. Banc of America Large Loan Inc., Series 2001-FM*ClassAmount($mln)RatingS&PRatingMoody'sAvg.LifePriceTalk(BP)BenchMarkA-133.1AAAAaa5.8+38-40SwapsA-2136.9AAAAaa9.8+52-55SwapsB27AAAa29.8+67-70SwapsC30.9AA29.8+82-85SwapsD35.55BBBBaa29.8+125 areaSwapsE6.26BBB-Baa39.8+165-170SwapsX**263.45AAAAaa8.94+275 areaT. curve* Issued Jan. 26** Interest only.
January 30, 2001 Atlanta Realtors plan Net listing firmThe Atlanta Journal-Constitution, January 30The Atlanta Commercial Board of Realtors received preliminary commitments from several real estate firms to finance an Internet-based information marketplace for the commercial real estate industry....
January 30, 2001 WASHINGTON – The Building Owners and Managers Association is building an online portal that will provide links to Web sites that could be of use to property owners and managers in the commercial real estate...
January 30, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $90.9$69.7$329.3 $258.8 FFO/shr (diluted) $1.17 $0.92 $4.27 $3.46 Net Income (Mln) $81.9$74 $300.2 $187.3Net/shr$1.20$1.12 $4.45 $2.89 Revenue (Mln)$206.2 $169.8$753.8$643.8Shares Outstanding (Mln)77.6 75.5 77 74.8
January 30, 2001 NEW YORK – Larry Silverstein has joined forces with Westfield America, a mall development giant, to bid for control of the World Trade Center, according to a report today in the New York Post.Silverstein is...
January 30, 2001 Cadillac Fairview to build C$83 Mln expansion at Carrefour Laval Canada Newswire, January 30LAVAL, Quebec – An C$83 million (US$55.2 million) expansion is in the works for the Carrefour Laval shopping center. When completed, the...
January 30, 2001 BIRMINGHAM, Ala. – Saks Inc. (NYSE:SKS) has agreed to sell nine store locations, along with certain related merchandise inventory and customer accounts receivable, to May Department Stores Co. for about $310 million.Saks will use proceeds...
January 30, 2001 Commercial Real Estate Direct Staff ReportWestchester County, N.Y., has selected Yale Robbins Inc.'s MrOfficeSpace.com to power its office space searching engine.In addition, Yale Robbins, which is based in New York, is developing a co-branded search...
January 30, 2001 WASHINGTON, D.C. – Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) has sold a Hyannis, Mass., hotel and its interest in a Washington, D.C., hotel for a total price tag of $30 million.The interest in the...
January 30, 2001 (NewsTraders.com) – Spieker Properties (NYSE:SPK) was boosted to strong buy from buy today at First Union Securities, with analyst Christopher Haley citing the REIT's fourth quarter performance as his impetus for the upgrade.Monday after market...
January 30, 2001 NEWARK, N.J. – Prudential Mortgage Capital Co. has completed the sale of the former WMF Group commercial mortgage banks, as planned when the company acquired WMF last year.WMF's Phoenix offices were sold to Johnson Capital...
January 30, 2001 Weyerhaeuser Co. has retained Cushman & Wakefield of New Jersey to market for sale a 132,400-square-foot industrial property in Jersey City, N.J. The asking price for the seven-acre property is $7.15 million, or about $54/sf.The...
January 30, 2001NEW YORK – Fitch as assigned it triple-B rating to an offering of $75 million series I cumulative redeemable preferred stock by Duke-Weeks Realty Corp. (NYSE:DRE).The outlook remains positive. The deal's other classes have been affirmed.The...
January 30, 2001AUSTIN, Texas – Cousins properties Inc. (NYSE:CUZ) has purchased a 1.7-acre tract of land at 401 Congress Ave. from Block 42 Congress Partners for about $13.8 million.Congress Avenue, Fourth Street and Brazos Street in the central...
January 30, 2001HORSHAM, Pa. – GMAC Commercial Mortgage Co. has opened a production office in Memphis, Tenn., and has named Frank Stallworth vice president-branch manager of the new loan origination operation.Joining Stallworth in Memphis are Ted Simpson, director...
January 30, 2001 TOLEDO, Ohio – Health Care REIT Inc. (NYSE:HCN) has extended its unsecured revolving line of credit facility.Key Corporate Capital Inc. and Fleet National Bank lead the facility.The extension is through March 31,2003. The total commitment...
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