January 25, 2001 NEW YORK – Yukihiro Kiriake, an executive with a Japanese investment banking boutique, has joined Sonnenblick-Goldman Co. as vice president of its Tokyo office.Sonnenblick-Goldman opened shop in Tokyo only last year in an effort to...
January 25, 2001 Plantation, Fla., approves 250-room hotel planThe Miami Herald, January 26PLANTATION, Fla. – White Lodgings Inc. is building a nine-story, 250-room Renaissance Hotel at Cornerstone, 1230 S. Pine Island Road. The hotel, located at the corner...
January 25, 2001 By Brad Berton, Commercial Real Estate Direct Contributing WriterTechnicolor has leased about 33,700 square feet of office space at M. David Paul Development LLC's Media Studios North/Phase III project near Burbank, Calif.'s airport.The 10-year deal...
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 24, 2001 JACKSONVILLE, Fla. – Regency Realty Corp. (NYSE:REG) is changing its name to Regency Centers Corp. effective Feb. 12.After a year of analysis, the company decided that a name change would enhance its brand and position...
January 24, 2001 HOUSTON – Weingarten Realty Investors (NYSE:WRI) has completed the sale of 4.5 million shares of common stock in a public offering for $42.1875/share.The $190 million of proceeds from the offering will be used to reduce...
January 24, 2001 ORLANDO, Fla. – GE Capital Realty Group has paid $27 million for the Crossroads of Lake Buena Vista, a community shopping center in Orlando, Fla.The 147,214-square-foot shopping center was purchased from Walt Disney World Hospitality...
January 24, 2001 By Brad Berton, Commercial Real Estate Direct Contributing WriterTelecommunications equipment giant Ericsson has leased 68,000 square feet of Class-A office space at a two-story building in San Diego's Sorrento Mesa submarket.Financial terms of the seven-year...
January 24, 2001 NEW YORK – Clarion Partners has paid $104 million, or nearly $156,000/unit, for the Jefferson at Mission Valley, a luxury rental apartment complex in San Diego.The property, which was recently finished and is being leased,...
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...
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