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...
January 23, 2001 HORSHAM, Pa. – The SEC has given its OK to GMAC Institutional Advisors LLC, the institutional money management arm of GMAC Commercial Mortgage Corp.At the same time, GMAC said it was bolstering the unit by...
January 23, 2001 NEW YORK – Credit Suisse First Boston is leasing about 1.4 million square feet of office space in MetLife's (NYSE:MET) One Madison corporate headquarters building.Terms of the agreement were not disclosed.CSFB will begin leasing in...
January 23, 2001PALO ALTO, Calif. – GlobalStake.com Corp., a former online residential mortgage lender, has shifted its focus to the northern California commercial sector in an effort to become profitable."The current focus will enable us to achieve near-term...
January 23, 2001 LOS ANGELES – A team of well-known Los Angeles real estate brokers is spearheading a new Insignia/ESG office in the Los Angeles South Bay region, which stretches southward from Los Angeles International Airport to Long...
January 23, 2001 AvalonBay Communities Inc. (NYSE:AVB) has acquired two apartment buildings, for $88 million, and sold two other apartment buildings, for $37 million.The Alexandria-Va.-based multifamily REIT purchased Arlington Place in the Chicago area for $49.1 million. The...
January 23, 2001 TIAA-CREF and the New York State Teachers Employee Retirement System have provided a $99 million loan to an investment group headed by the Malkin family of New York for its purchase of a three-building Class-A...
January 23, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $19.1$17.8 $73.3 $70.7 FFO/shr (diluted) $0.62 $0.57 $2.37 $2.20 Net Income (Mln) $16.9 $15.1 $63.9 $45.7 Net/shr$0.63 $0.57 $2.41 $1.65 Revenue (Mln)$48.9$44.1 $189.6 $176.8 Shares Outstanding (Mln)26.7 26.6 26.5...
January 23, 2001 SAN FRANCISCO – LoopLender.com, the financing arm of LoopNet Inc., has expanded its products and services.LoopLender has added Mortgage Tools Center, a live interest rate monitor that provides real-time Treasury and Libor interest rates that...
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 22, 2001 By Brad Berton, Commercial Real Estate Direct Contributing WriterLa Curacao, Southern California's growing hard goods chain, has signed a 15-year lease for just over 100,000 square feet for its next store, at the Pacific Center...
January 22, 2001 RALEIGH, N.C. – Winston Hotels Inc. (NYSE:WXH) has swapped a portion of the outstanding floating rate debt on its credit line for a lower fixed rate over the next two years.Wachovia Bank NA replaced the...
January 22, 2001 26-story Bayshore project approved The Tampa Tribune, January 22HYDE PARK NORTH, Fla. – One Bayshore will proceed with a 482-apartment complex with retail and office space. The 26-story project will be located on Bayshore Boulevard...
January 22, 2001 Commercial Real Estate Direct Staff ReportAllied Capital Corp. (Nasdaq:ALLC) has filed to sell up to $310.5 million of common stock and debt securities, which will give it added firepower to buy commercial mortgage-backed securities.The Washington...
January 22, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $7.9$9.3 $37.6 $45.2 FFO/shr (diluted) $0.30 $0.34 $1.44 $1.64 Net Income (loss) (Mln) $(3.0) $(9.3) $16.6$16.7 Net/shr$(0.11)$(0.34) $0.63 $0.61 Revenue (Mln)$20.4 $20.7 $87.1 $87.7 Shares Outstanding (Mln)26.0 27.5 27.2...
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 22, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $3.4$3.4 $13.8 $13.6 FFO/shr (diluted) $0.47 $0.48 $1.93 $1.91 Net Income (Mln) $2.0 $2.1 $8.4 $8.7 Net/shr$0.28 $0.30 $1.18 $1.22 Revenue (Mln)$5.7 $5.2 $22.7$20.3 Shares Outstanding (Mln)7.1 7.1 7.1...
January 22, 2001 HOUSTON – AMLI Residential (NYSE:AML) will develop and own the AMLI at King's Harbor apartment community, in a joint venture with New York State Common Retirement Fund.The roughly $20 million project will consist of 300...
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