January 22, 2001 NEW YORK – Stacey L. Wallach has joined Cushman & Wakefield as senior operations executive.Wallach will be responsible for Long Island, N.Y., New York City, Westchester County, N.Y., New Jersey and southern Connecticut.Previously, he served...

January 22, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $25.0$25.4 $99.6 $99.6 FFO/shr (diluted) $0.54 $0.55 $2.16 $2.16 Extra Gain (Loss) $ -- $ -- $1.1 $(.3) Net Income (Mln) $15.7 $16.2 $63.5 $63.1 Net/shr$0.34 $0.35 $1.37 $1.37...

January 22, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $5.9$5.6 $22.9 $21.8 FFO/shr (diluted) $0.66 $0.62 $2.54 $2.43 Net Income (Mln) $4.7 $4.0 $16.3 $14.0 Net/shr$0.52 $0.44 $1.81 $1.56 Revenue (Mln)$7.0 $6.1 $27.3$23.9 Shares Outstanding (Mln)9.0 9.0 9.0...

January 19, 2001 CHATTANOOGA, Tenn. – CBL & Associates Properties Inc. (NYSE:CBL) today received its shareholders' approval to proceed with buying a 23-property retail portfolio for about $1.3 billion.The REIT, which in September agreed to buy the 21...

January 19, 2001 DALLAS – Amresco Capital Trust (Nasdaq:AMCT) has completed the sale of its remaining three CMBS holdings for $16.5 million.The company's portfolio now consists of five mortgage loans and one equity investment in real estate. As...

January 19, 2001 NASHVILLE, Tenn. – Corrections Corp. of America (NYSE:CXW) has received preliminary court approval of the revised terms to settle all outstanding stockholder litigation against the company and certain of its existing and former directors and...

January 19, 2001 Condo controversy in Mobile, Ala.Mobile Register, January 19MOBILE, Ala. – The Mobile Planning Commission has rejected a proposed $20 million, 79-unit condominium complex. Stillman D. Knight Jr. planned to build a four-story building about 90...

January 19, 2001 Consolidated Properties Ltd. intends to sell subsidiaryPRNewswire, January 19WINNIPEG – Consolidated Properties Ltd.'s Board of Directors and Mercedes Corp. have agreed to discuss selling shares of Mercedes Corporation to a company to be incorporated by...

January 19, 2001 TORONTO – Gregory W. Sullivan will step down as executive vice president and chief financial officer of TrizecHahn, effective at the end of January.Sullivan has been commuting from Boston to the Toronto headquarters since August...

January 19, 2001 SANTA FE, N.M. – John H. Gardner Jr. has joined Thornburg Realty Advisors LLC as chief operating officer. Prior to joining Thornburg, Gardner headed Focus Capital Advisors LLC, which he formed to provide capital raising...

January 19, 2001NEW YORK – Standard & Poor's has given its double-B-minus rating to MeriStar Hospitality Operating Partnership LP's proposed $300 million senior unsecured note offering.The outlook is positive, S&P says. The deal's other classes were affirmed.The action...

January 19, 2001PITTSBURGH – The IT Group Inc. (NYSE:ITX) has agreed to sell 105 acres in Contra Costa County in northern California to Houston-based U.S. Development Group Inc. for $12 million.The closing is slated for June 30 and...

January 19, 2001 TEJON RANCH, Calif. – Tejon Ranch Co. (NYSE:TRC) today said the previously publicized offering of rights to purchase shares of its common stock has been successfully completed, and that it will be receiving $30 million...

January 19, 2001 NEW YORK – Fitch has assigned its triple-B-plus rating to Public Storage Inc.'s (NYSE: PSA) offering of $150 million of series Q cumulative preferred stock. The outlook is stable.Deals of other classes have been affirmed....

January 18, 2001 BOSTON – Despite the recent reports of an impending recession, top real estate markets in the United States continue to post strong growth, according to Colliers International, a partnership of more than 40 commercial real...

January 18, 2001 Report: Commercial real estate fundamentals to remain positive in 2001Canada Newswire, January 18TORONTO – The Canadian commercial real estate market had another strong year in 2000, according to Colliers International's annual Canadian Real Estate Review...

January 18, 2001 CRANFORD, N.J. – Mack-Cali Realty Corp. (NYSE:CLI) has signed 10 leases with six companies for office space totaling 257,550 square feet at several of its New York, New Jersey and Pennsylvania properties.The lease transactions are...

January 18, 2001 Credit Suisse First Boston Securities Trust 2001-FL1ClassAmount($mln)Sub. Level(%)RatingS&PRatingMoody'sRatingFitchAvg.LifePriceTalk(BP)BenchMarkA247.538.5AAAAAAAAA2+26-28LiborB24.132.5NRNRAA2.4+45-50LiborC28.225.5NRNRA2.4+80-85LiborD28.218.5NRNRBBB2.3+175-180LiborE816.5NRNRBBB-2.7+225-230Libor

January 18, 2001 NEW YORK – John R. Shain has been appointed a principal of Prudential Real Estate Securities Investors, a unit of Prudential Real Estate Investors.He will manage the North American Property SecuritiesTrust, for which Prudential Real...

January 18, 2001 By Brad Berton, Commercial Real Estate Direct Contributing Writer TDK USA Corp.'s semiconductor unit has purchased a 164,330-square-foot manufacturing, distribution and office facility in Anaheim, Calif., from Fujitsu Ltd.'s business communications systems for almost $12.4...

January 18, 2001 Commercial Real Estate DirectA Taiwan-based investor group operating as SY Ventures II and SY Ventures V has acquired most of the Chino Spectrum Marketplace power center in Chino, Calif. The group bought the property from...

January 18, 2001 INDIANAPOLIS – Simon Property Group Inc. (NYSE:SPG) and its partnership subsidiary Simon Property Group LP has completed the private placement of $500 million of debt securities.The issue included $300 million of 7.675 percent notes due...

January 18, 2001 Commercial Real Estate DirectA commercial mortgage-backed securities bid list containing about 15 non-investment grade bonds is due to come to market at 1:30 p.m. EST today.The $100 million list contains mostly single-A, triple-B or triple-B-minus...

January 18, 2001 Industry news: CarrAmerica sells buildings, land for $33.37 Mln in Boca Raton, Fla.Daily Business Review, January 18BOCA RATON, Fla. – CDR Glades LLC has purchased office buildings west of 22nd Avenue and north of Executive...

January 18, 2001 VALENCIA, Calif. – Newhall Land and Farming Company (NYSE:NHL) Chairman and Chief Executive Thomas L. Lee will retire effective March 31.Gary M. Cusumano, the current president and chief operating officer, has been appointed by the...