November 14, 2000 LAKE OSWEGO, Ore. – Essex Property Trust Inc. has purchased a 256-unit apartment complex in Lake Oswego, Ore., for a contract price of $17.5 million, or about $68,360/unit.Hunt Club Apartments consists of 128 one-bedroom/one bathroom...
November 14, 2000 NEW YORK – Lexington Corporate Properties Trust (NYSE:LXP) has agreed to acquire two Delaware limited partnerships in a merger transaction valued at $143 million.Net 1 LP and Net 2 LP own 25 properties, which generate...
November 14, 2000 Medical group buys HMO's buildingCharlotte Observer, November 14CHARLOTTE, N.C. – Charlotte Eye Ear Nose and Throat Associates PA has purchased the 80,5000-square-foot Kaiser Permanente's four-story medical office building in South Park for about $8.5 million....
November 14, 2000 NEW YORK – Standard & Poor's today lowered its ratings on United Dominion Realty Trust (NYSE:UDR) and the company's operating partnership, United Dominion Realty L.P. However, the company's outlook has been revised to stable from...
November 14, 2000 BOSTON – Robert P. Henderson, the chairman of the Boston Federal Reserve Bank from 1981 through 1984, has joined the board of directors at Visible Markets Inc., a Web browser-based auction marketplace for mortgage-backed securities,...
November 14, 2000 BELLEVUE, Wash. – Cigna Real Estate Investments has provided an additional $56.6 million in financing for a large-scale retail project due to open by Thanksgiving. A partnership of developers known as Bellevue Square Managers Inc....
November 14, 2000 (NewsTraders.com) – Boston Properties (NYSE:BXP) was shifted up to intermediate-term buy from accumulate today by Merrill Lynch analyst Steve Sakwa, who based the move on the strength of the REIT's asset base and related factors.Sakwa...
November 14, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorBrown Colarusso & LeBeau, a San Diego-based investment/development group, has acquired four office buildings in the city's strong Kearny Mesa and Scripps Ranch submarkets for $23.2 million,...
November 14, 2000 (NewsTraders.com) – Glenborough Realty Trust (NYSE:GLB) Chairman and Chief Executive Robert Batinovich purchased 27,900 shares of the San Mateo, Calif.-based REIT in October, according to a Form 4 filing.The executive bought the shares on Oct....
November 14, 2000 BETHESDA, Md. – LaSalle Hotel Properties (NYSE:LHO) has renewed and extended its bank credit facility through Dec. 31, 2003. The facility was reduced $35 million to a total of $200 million based on anticipated use....
Correction (November 14, 2000): Joseph P. Colmery is the retired president and chief executive of U.S. Bank of California, not U.S. Bancorp as reported below. Pan Pacific Retail Properties issued the correction to its report released earlier today.November...
November 14, 2000 COLUMBIA, Md. – Humphrey Hospitality Trust Inc. (Nasdaq:HUMP) is restructuring its leases and service agreements with Humphrey Hospitality Management Inc. in order to simplify and provide for identical monthly percentage lease payment terms for all...
November 14, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$12.2 $16.8 $35.9 $49.5 FFO/shr (diluted)$0.38 $0.50 $1.11 $1.47 Net Income $10.9 $17.4 $33.2 $39.1 Net/shr$0.34 $0.52 $1.02 $1.14 Revenue (mln)$27.8 $26.7 $80.2 $78.3 Shares Out. (mln)32.4 33.6 32.4 33.6
November 13, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$83.0 $(5.6) $(1.9) $(3.7) FFO/shr (diluted)$0.03 $(1.25) $(0.64) $(0.81) Net Income $(1.4) $(4.3) $(6.1) $(1.9) Net/shr$(0.59) $(1.96) $(1.56) (1.68) Revenue (mln)$13.4 $8.7 $37.0 $25.5 Shares Out. (mln)2.3 3.9 2.4 3.9
November 13, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$12.1 $9.6 $33.6 $28.5 FFO/shr (diluted)$0.82 $0.72 $2.34 $2.09 Net Income $5.6 $4.9 $15.9 $15.8 Net/shr$0.38 $0.36 $1.10 $1.16 Revenue (mln)$28.5 $22.4 $77.3 $63.0 Shares Out. (mln)14.8 13.9 14.4 13.6
November 13, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorRidge Realty Group has purchased 48 acres in Ontario, Calif., where it plans to develop a 1.1 million-square-foot speculative industrial project.Ridge principal Dennis Rice declined to disclose...
November 13, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$1.2 $1.0 $3.4 $2.8 FFO/shr (diluted)$0.40 $0.35 $1.14 $0.94 Net Income $1.1 $1.1 $3.4 $3.9 Net/shr$0.47 $0.40 $1.31 $1.08 Revenue (mln)$3.4 $2.4 $9.2 $7.8 Shares Out. (mln)3.0 3.0 3.0 3.0
November 13, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99Net Income $(44.5) $8.1 $(36.7) $19.5 Net/shr$(0.71) $0.14 $(0.59) $0.33 Shares Out. (mln)62.4 61.8 62.1 61.2
November 13, 2000 Chancellor Park Residences sold for $120 MlnSouth Florida Business Journal, November 13PALM BEACH, Fla. – CareMatrix, the Needham, Mass.-based senior housing developers, has sold its four Chancellor Park assisted living facilities in Florida to Schwartzberg...
November 13, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$75.0 $57.2 $232.2 $254.5 FFO/shr (diluted)$0.60 $0.43 $1.78 $1.83 Net Income $78.2 $(105.7) $155.8 $(25.5) Net/shr$0.70 $(0.88) $1.34 $(0.21) Revenue (mln)$177.1 $185.5 $528.2 $563.7 Shares Out. (mln)125.2 134.1 130.5 138.8
November 13, 2000 Go To Fitch's Presale Report.Go To S&P's Presale Report.First Union National Bank Commercial Mortgage Trust 2000-C2ClassAmount($mln)Sub. Level(%)RatingFitchRatingS&PAvg.LifePriceTalk(BP)BenchMarkA-1187.423.5AAAAAA5.8+28 areaSwapsA-2686.823.5AAAAAA9.7+40 areaSwapsB55.718.625AAAA9.9+55 areaSwapsC42.814.875AA9.9+70 areaSwapsD17.113.375A-A-9.9+80 areaSwapsE18.611.75BBB+BBB+9.9+110 areaSwapsF17.110.25BBBBBB9.9+120 areaSwapsG14.3.59BBB-BBB-9.9+160 areaSwapsX*1,1430AAAAAA9.15+350**Treas.* Interest only, notional amount.** At 100 percent CPR. Classes H,...
November 13, 2000FFCA Secured Lending Corp., Series 2000-1ClassSub. Level(%)RatingFitchAvg.LifePriceTalk (BP)BnchMarkA-1*20.5AAA5.7+55-60SwapsA-2*20.5AAA14.6+95-100SwapsB16.5AA-18.4+255-265Treas.C13A-18.9+285-295Treas.D10.50BBB19.3+335-345Treas.E9.25BBB-NA+375 areaTreas.IONAAAANANATreas.* Insured by MBIA Insurance Corp.
November 13, 2000 Office space market in 'crisis'Ottawa Citizen, November 13OTTAWA – The office vacancy rate in Ottawa is 2.3 percent. A new study by Royal LePage says that, because of ongoing growth in the high-tech sector, Ottawa-area...
November 13, 2000 NEW YORK – CDC Mortgage Capital has provided $61 million of floating-rate financing for 30 Broad St., a 430,000-square-foot office building in downtown Manhattan that houses the New York Stock Exchange.The 49-story office building is...
November 13, 2000 Special to Commercial Real Estate DirectJohn B. Coppedge III, executive managing director of international services at Cushman & Wakefield, has been promoted again to executive vice president, international operations.In his new post, Coppedge will direct...
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