January 31, 2001 Commercial Real Estate DirectDue to a typographical error, price guidance on the 10-year triple-A tranche of the $270 million Banc of America 2001-FM single-asset deal (The Florida Mall) was incorrectly published yesterday.The following table includes...
January 31, 2001 NEW YORK – Brookfield Properties Corp. (NYSE:BPO) has completed a $432 million refinancing of its 2.2 million-square-foot One Liberty Plaza property in downtown Manhattan.The investment grade financing, recourse only to the property, has a term...
January 31, 2001SAN FRANCISCO – Mark Geisreiter has been named senior vice president of Equity Office Properties Trust's (NYSE:EOP) San Francisco region, which comprises 11.4 million square feet of office space in 76 buildings.Geisreiter will direct the leasing,...
January 31, 2001 Commercial Real Estate DirectDES MOINES, Iowa – Principal Capital Real Estate Investors says it is implementing Streamloaner – a commercial real estate process management software product offered by Birmingham, Mich.-based e-Cognita.Streamloaner automates commercial real estate...
January 31, 2001 LINDON, Utah – W.P. Carey & Co. LLC (NYSE:WPC) plans to build a $13.2 million facility for Exodus Communications Inc. to serve as the company's headquarters and testing center for Exodus Performance Labs.Under the terms...
January 31, 2001 NEW YORK – Lend Lease Real Estate Investments Inc. has launched Lend Lease European Real Estate Securities Fund to invest primarily in publicly held real estate companies in the European Union.According to Lend Lease, the...
January 31, 2001By Brad Berton, Commercial Real Estate Direct Contributing WriterRREEF Funds, the Chicago pension-fund adviser, has acquired a 248,000-square-foot industrial park in its own back yard from Prentiss Properties (NYSE:PP).The firm purchased Continental Executive Park, comprised of...
January 31, 2001 TORONTO – Brookfield Properties (NYSE:BPO) has agreed to pay US$33 million to acquire a 50 percent interest in a proposed 1.8 million-square-foot office building in downtown Toronto. The deal, which is valued at $37/buildable sf,...
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...
January 30, 2001 Investor Maurice A. Halperin has donated 2 million shares of Prime Retail Inc. (NYSE:PRT), leaving him a 9.45 percent stake in the retail REIT.Halperin had paid about $1 million for the common stock. The investor,...
January 30, 2001 SKC America has retained Cushman & Wakefield of New Jersey to market for either sale or lease its office and research complex in Mount Olive, N.J.The building at 850 Clark Drive would likely fetch about...
January 30, 2001 WEST CONSHOHOCKEN, Pa. – Keystone Property Trust (NYSE:KTR) has sold four office buildings in Pennsylvania totaling 346,168 square feet for $35.8 million. The properties were sold to ASC Corp., a private investment group based in...
January 30, 2001 ATLANTA - JDN Realty Corp. (NYSE:JDN) has purchased JDN Development Co.JDN Development was formed in December 1994 to construct shopping centers. It will continue in its current development role.
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