November 17, 2000 NORTH HUNGTINGDON, Pa. – Developer Jim Aiello has proposed developing 305 acres near Route 30 and the Pennsylvania Turnpike with lakefront hotels and restaurants, offices and nearly 1 million square feet of retail space. The...
November 17, 2000 ARLINGTON, Va. – Charles E. Smith Residential Realty Inc. (NYSE:SRW) has acquired two multifamily properties, one in Florida and the other in Virginia, for $58 million.The multifamily REIT purchased the 240-unit New River Village apartment...
November 17, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99Net Income (mln) $(253.1)* $46.0 $(357.9) $79.5 Net/shr$(2.14) $0.39 $(3.02) $0.69 Revenue (mln)$43.9 $69.3 $72.0 $203.1 Shares Out. (mln)118.5 118.3 118.4 114.5 *Includes non-cash charges which total $204.5 mln and include:...
November 17, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$16.1 $16.0 $40.0 $48.3 FFO/shr (diluted)$0.58 $0.57 $1.43 $1.73 Extra Gain (Loss) $2.0 $3.9 $6.4 $3.9 Net Income (mln) $9.3 $11.5 $20.5 $28.4 Net/shr$0.35 $0.43 $0.76 $1.05 Revenue (mln)$41.8 $40.5...
November 17, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$1.9 $1.7 $5.9 $5.1 FFO/shr (diluted)$0.27 $0.23 $0.80 $0.70 Net Income (mln) $1.3 $1.1 $4.1 $3.3 Net/shr$0.18 $0.15 $0.55 $0.45 Revenue (mln)$4.7 $4.5 $13.9 $13.2 Shares Out. (mln)7.3 7.3 7.3...
November 17, 2000 CHICAGO – Wexford Bancgroup has provided $19 million of construction financing for a proposed condominium redevelopment in Brooklyn, N.Y.The financing will be used to develop 169 luxury condominium units and 60,000 square feet of retail...
November 17, 2000 BayWalk dreams become realityThe Tampa Tribune, November 17ST. PETERSBURG, Fla. – The Sembler Co., and venture partner Redevelopment Partners Inc. have completed the $40 million BayWalk project featuring 150,000 square feet of retail and entertainment...
November 17, 2000 Commercial Real Estate DirectThe California Public Employees' Retirement System and Houston-based real estate developer Hines have received $130 million in fixed-rate financing for Fifty Fremont Center, a 41-story Class-A office tower in San Francisco's financial...
November 17, 2000 OAK BROOK, Ill. – CenterPoint Properties Trust (NYSE:CNT) is raising $63.2 million through the sale of common stock at $43.25/share.The offering, a rarity for a REIT these days, will be lead managed by Lehman Brothers...
November 17, 2000 BOSTON – The Debt Exchange Inc. has added William Mitchell as vice president of business development.Mitchell, who most recently managed part of Wells Fargo Bank's conduit lending program, had overseen the disposition of $1.3 billion...
November 17, 2000 MIAMI BEACH, Fla. – Equity One Inc. (NYSE:EQY) has named Doron Valero as president.Prior to his appointment, Valero served as the company's senior vice president and chief operating officer since 1994. Equity One also has...
November 17, 2000 NEW YORK – Commercial mortgage backed securities outperformed corporate bonds during the 1990s in terms of default rates, according to a report by Fitch.The report, "Comparing CMBS and Corporate Bond Defaults," attributed the strong CMBS...
November 17, 2000 First Commercial Corp. has formally launched FirstLiquidity.com, an online trading platform for commercial mortgages. The Web site currently has more than $130 million in performing mortgages posted for sale. The 95 loans divided into nine...
November 16, 2000 NEW YORK – Fitch has issued iStar Asset Services a primary servicer rating of CPS3 and a master servicer rating of CMS3. The primary servicer rating reflects the company's ability to effectively service commercial mortgage...
November 16, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$1.1 $1.6 $(.61) $4.2 FFO/shr (diluted)$0.03 $0.04 $(0.01) $0.12 Extra Gain (Loss) $0.72 $0.18 $53.9 $27.9 Net Income $(0.90) $(2.3) $45.3 $7.3 Net/shr$------ $------ $------ $------ Revenue (mln)$16.9 $25.9 $52.2...
November 16, 2000 ROCKVILLE, Md. – Judge Duncan W. Keir has ruled that Criimi Mae's reorganization plan meets all standards of the bankruptcy code.The judge will confirm Criimi's plan after the company submits a proposed confirmation order, which...
November 16, 2000 NEW YORK – Fitch has upgraded CapMark Services' master servicer rating to CMS1 from CMS2, and its primary servicer rating to CPS1 from CPS2.Fitch credited CapMark's continued commitment to technology and the CMBS market as...
November 16, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$7.0 $2.8 $13.3 $7.8 FFO/shr (diluted)$0.37 $0.35 $1.09 $0.98 Net Income $5.6 $1.8 $9.9 $5.2 Net/shr$0.20 $0.23 $0.94 $0.87 Revenue (mln)$28.1 $8.6 $48.7 $24.7 Shares Out. (mln)18.8 8.0 12.2 8.0
November 16, 2000 ATLANTA – Lodgian Inc. (NYSE:LOD) said it will report its third-quarter financial results on or about Nov. 30 and will file those results with regulators by Dec. 15.The delay – the third quarter ended Sept....
November 16, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$3.8 $1.9 $12.3 $5.0 FFO/shr (diluted)$0.32 $0.34 $1.02 $0.92 Net Earnings $1.6 $0.82 $5.2 $3.0 Net/shr$0.15 $0.17 $0.47 $0.63 Revenue (mln)$8.8 $14.9 $24.9 $40.0 Shares Out. (mln)----- ----- ---- ----
November 16, 2000 AMI Capital Inc. has provided a $14.9 million construction/permanent loan for a 220-unit apartment complex in suburban Denver.The loan allows for the construction of Westridge in Aurora, Colo. The complex is expected to be completed...
November 16, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$7.8 $10.6 $24.9 $32.0 FFO/shr (diluted)$0.30 $0.38 $0.93 $1.10 Net Income $2.8 $1.8 $15.6 $23.0 Net/shr$0.11 $0.07 $0.59 $0.90 Revenue (mln)$34.0 $36.7 $103.2 $109.1 Shares Out. (mln)26.7 26.1 26.7 25.5
November 16, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$24.4 $19.9 $64.5 $57.0 FFO/shr (diluted)$1.24 $1.03 $3.31 $2.96 Net Income $10.9 $8.5 $27.4 $23.6 Net/shr$0.67 $0.53 $1.70 $1.48 Revenue (mln)$44.6 $40.2 $126.2 $116.0 Shares Out. (mln)19.6 19.3 19.5 19.2
November 16, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$1.7 $1.6 $5.2 $4.6FFO/shr (diluted)$0.34 $0.32 $1.02 $0.89 Net Income $0.6 $0.5 $2.0 $1.5 Net/shr$0.12 $0.10 $0.38 $0.29 Revenue (mln)$5.9 $5.7 $17.6 $15.7 Shares Out. (mln)5.1 5.2 5.1 5.2
November 16, 2000 First Union National Bank Commercial Mortgage Trust 2000-C2ClassAmount($mln)Sub. Level(%)RatingFitchRatingS&PAvg.LifePriceTalk(BP)Priced(BP)BenchMarkA-1187.423.5AAAAAA5.8+28 area+28SwapsA-2686.823.5AAAAAA9.7+40 area+40SwapsB55.718.625AAAA9.9+55 area+55SwapsC42.814.875AA9.9+70 area+70SwapsD17.113.375A-A-9.9+80 area+80SwapsE18.611.75BBB+BBB+9.9+110 area+115SwapsF17.110.25BBBBBB9.9+120 area+125SwapsG14.3.59BBB-BBB-9.9S+160 areaT+290--X*1,1430AAAAAA9.15+350**+365**Curve* Interest only, notional amount.** At 100 percent CPR. The junior classes were retained by First Union.Classes H, J,...
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