November 17, 2000 CHARLESTON, S.C. – Golf Trust of America Inc. (AMEX:GTA) plans to sell three golf courses in Palm Beach, Fla., for $35 million to affiliates of Emerald Dunes Golf Group, which leases the courses.The properties are...
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 16, 2000 LOS ANGELES – The California Public Employees' Retirement System will invest an additional $250 million in California urban real estate.The investment, through the California Urban Real Estate Initiative, was one of many decisions made at...
November 16, 2000 (NewsTraders.com) – Banyan Strategic Realty Trust (Nasdaq:BSRTS) was marked down to hold from buy Thursday by McDonald Investments analyst Anatole Pevnev.Pevnev said he downgraded the Chicago-based REIT primarily due to its impending liquidation, which has...
November 16, 2000 NEW YORK – Standard & Poor's has upgraded two classes in Credit Suisse First Boston Mortgage Securities Corp.'s 1998-FL1 commercial-mortgage and affirmed class AX.The rating agency raised class B to triple-A from double-A-minus and class...
November 16, 2000 NEW YORK – Equity Office Properties Trust (NYSE:EOP) yesterday priced $1 billion of debt in two parts through lead manager Morgan Stanley Dean Witter.The issue was increased from an original $800 million amount.Goldman Sachs co-lead...
November 16, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$0.42 $0.32 $1.2 $0.92 FFO/shr (diluted)$0.17 $0.16 $0.52 $0.52 Extra Gain (Loss) $2.6 $---- $2.6 $---- Net Income (mln) $2.4 $0.30 $2.6 $133.3 Net/shr$0.95 $0.02 $1.13 $0.08 Revenue (mln)$1.9 $1.7...
November 16, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$(1.1) $7.3 $7.9 $30.7 FFO/shr (diluted)$(0.04) $0.23 $0.25 $0.83 Net Income (mln) $(39.1) $9.1 $(42.9) $11.8 Net/shr$(1.21) $0.28 $(1.33) $0.37 Revenue (mln)$31.5 $31.6 $93.6 $101.1 Shares Out. (mln)32.3 32.1 32.3...
November 16, 2000TORONTO – Revenue Properties Co. Ltd. (Nasdaq: RPCLF) (TSE:RPC) has retained TD Securities Inc. as its financial advisers and Goodman Phillips & Vineberg LLP as its legal advisers in connection with an unsolicited partial take-over bid...
November 16, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99Net Earnings $28.0 $29.4 $92.7 $70.3 Net/shr$0.22 $0.24 $0.72 $0.73 Rental Revenue (mln)$75.8 $65.2 $219.7 $159.9 Shares Out. (mln)130.2 121.7 ------ ------
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....
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