January 24, 2001 NEW YORK – Standard & Poor's has lowered its ratings on four classes of GMAC Commercial Mortgage Securities Inc., 1999-CTL1 to triple B-minus from triple-B-plus. The deal's other classes have been affirmed. The portfolio consists...
January 24, 2001 NEW YORK – Clarion Development Ventures LP, a unit of Clarion Partners, has agreed to jointly develop with Del American Inc. 647 units of luxury rental apartments in Clearwater, Fla.The units will be housed in...
January 24, 2001(NewsTraders.com) -- In a brokerage action prompted primarily by valuation, Merrill Lynch analyst Steve Sakwa today lowered his intermediate-term rating on Kimco Realty (NYSE:KIM) to "accumulate" from "buy."The analyst, who continues to rate the stock at...
January 24, 2001 Miami Beach project gets construction loanDaily Business Review, January 24MIAMI BEACH, Fla. – 16th Street Partners LLC has received a $33.3 million construction loan from Ocean Bank for a parking garage and other facilities in...
January 24, 2001 NEW YORK – Moody's has upgraded seven classes of Structured Asset Securities Corp., 1998-C2 primarily because the deal's collateral balance has fallen dramatically since issuance.The upgrades were as follows:– class C was upgraded to triple-A...
January 24, 2001 NEW YORK – Eric Hadar is close to signing a contract to buy Citigroup Center for about $750 million, according to a report today in The Wall Street Journal.The 59-story skyscraper, owned by Dai-Ichi Life,...
January 24, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $71.9$51.6 $247.4 $196.1 FFO/shr (diluted) $0.85 $0.74 $3.31 $2.89 Net Income (Mln) $43.2 $34.4 $146.4 $113.9 Net/shr$0.52 $0.50 $2.01 $1.71 Revenue (Mln)$228.5 $205.1 $879.4$786.6 Shares Outstanding (Mln)83.0 68.2 72.7...
January 24, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $10.1$8.7 $48.0 $44.1 FFO/shr (diluted) $0.54 $0.47 $2.59 $2.39 Net Income (Mln) $(7.8) $0.05$5.4 $14.0Net/shr$(0.46)$0.00$0.32 $0.91Revenue (Mln)$19.9$17.5 $86.3$78.0 Shares Outstanding (Mln)17.115.9 17.0 15.4
January 24, 2001 Morgan Stanley Dean Witter Capital I Trust 2001-PPMClassAmount($mln)Sub. Level(%)RatingS&PRatingFitchAvg.LifePriceTalk(BP)Priced(BP)BenchMarkA-19914.75AAAAAA3.4+27 area+30SwapsA-2269.814.75AAAAAA5.85+36 area+41SwapsA-3166.814.75AAAAAA7.3+44 area+48SwapsB15.612.25AAAA10.8+59 area+61SwapsX623.5NAAAAAAANANANASwaps
January 24, 2001BOSTON – Beacon Capital Partners Inc. has proposed redeveloping the Midway district in the Fort Point Channel section of South Boston near the Boston Convention and Exhibition Center.The investment firm turned in its $300 million development...
January 24, 2001 NEW YORK – Standard & Poor's has raised its ratings on six classes in J.P. Morgan Commercial Mortgage Finance Corp.'s series 1997-SPTL-C1 and affirmed one class.The rating agency raised class B to triple-A from double-A;...
January 24, 2001 (NewsTraders.com) -- In response to numerous queries from employees, real estate services firm CB Richard Ellis Services (NYSE:CBG) today distributed an inter-office memo stating that discussions with Blum Capital Partners L.P pertaining to a proposed...
January 24, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $4.7$4.5 $18.1 $17.9 FFO/shr (diluted) $0.36$0.35 $1.42 $1.41 Net Income (Mln) $0.7 $0.6 $2.3 $2.3Net/shr$0.09 $0.07 $0.29 $0.30 Revenue (Mln)$13.2 $13.0 $51.4$50.0 Shares Outstanding (Mln)8.0 7.98.0 7.9
January 24, 2001(NewsTraders.com) -- Home Properties of New York's (NYSE:HME) lower guidance for future funds from operations, or FFO, spurred analyst Merrill Ross to cut his ranking on the real estate investment trust Wednesday to "accumulate" from "buy."In...
January 24, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $54.3$49.0 $208.7$191.1FFO/shr (diluted) $0.60$0.54$2.32 $2.10 Net Income (Mln) $25.9 $52.2 $121.8 $176.1 Net/shr$0.28$0.58 $1.35 $1.94Revenue (Mln)$132.5$111.5$477.7$448.2 Shares Outstanding (Mln)84.586.384.286.3
January 24, 2001 ANN ARBOR, Mich. – Captec Net Lease Realty (Nasdaq:CRRR) has retained UBS Warburg LLC as financial adviser in connection with a possible sale of the company.UBS Warburg replaces the company's previous adviser, Prudential Securities Inc.,...
January 24, 2001 CRANFORD, N.J. – Mack-Cali Realty Corp. (NYSE:CLI) said its operating partnership affiliate has sold $300 million of 10-year senior unsecured notes.The 7.75 percent notes are due Feb. 15, 2011, and are rated triple-B by Standard...
January 23, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $52.8$49.7 $195.2 $177.0 FFO/shr (diluted) $0.49 $0.47 $1.83 $1.73 Net Income (Mln) $15.0 $19.7 $56.8 $54.3Revenue (Mln)$141.0 $131.3 $533.3$503.8 Shares Outstanding (Mln)74.474.6 74.3 74.5
January 23, 2001 Cornelius, N.C., project to combine condos, shops, officesThe Charlotte (N.C.) Observer, January 23CORNELIUS, N.C. – Lake Properties Ltd. is planning a $50 million office-retail-residential project near The Peninsula golf course community. The project will include...
January 23, 2001 FONTANA, Calif. –PM Realty Advisors has paid $23 million, or just over $34/sf, for two Class-A industrial buildings in California's Inland Empire.The Newport Beach, Calif., institutional pension fund adviser bought the 670,00-square-foot Fontana Industrial Portfolio...
January 23, 2001 Pre-sale reports have been posted for three new commercial mortgage-backed securities transactions.Click on the following links to access them:- Banc of America Large Loan Inc., 2001-FM (The Florida Mall; $270 million; Standard & Poor's)- Office...
January 23, 2001 COLUMBUS, Ohio – Glimcher Realty Trust (NYSE:GRT) sold $44.3 million of assets in 2000, as part of a debt reduction plan, resulting in a net gain of $4.3 million.The REIT sold 10 single-tenant properties, five...
January 23, 2001 (NewsTraders.com) – Observing that EastGroup Properties (NYSE:EGP) is currently attractively valued as compared to its peer group, Merrill Lynch analyst Steve Sakwa initiated coverage on the REIT Tuesday with an accumulate rating for both the...
January 23, 2001 TAMPA, Fla. – Heller Financial has provided a $14.5 million short-term floating rate loan to Ashley Avenue Associates LLC, a subsidiary of Denholtz Associates, to buy the St. Petersburg Times office building.The 177,486-square-foot property, at...
January 23, 2001 BOISE, Idaho – JP Realty Inc. (NYSE:JPR) has received a $79 million, 10-year mortgage loan on the Boise Town Square mall from Chase Manhattan Bank.The fixed-rate loan carries a 30-year amortization with an annual interest...
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