October 19, 2000 NEWARK, N.J. – Argus Capital Group, a unit of The Prudential Insurance Company of America, has closed a $172 million private equity fund focused on companies in Central and Eastern Europe. Argus said the fund's...

October 19, 2000DALLAS – Trammell Crow Co. (NYSE: TCC) has appointed James R. Groch, 38, as president of e-commerce and corporate development.Groch will join the company's executive committee and will have authority for the company's e-commerce strategy, as...

October 19, 2000 WASHINGTON, D.C. – Freddie Mac (NYSE: FRE) and Fannie Mae (NYSE: FNM) are voluntarily adopting a series of measures that the firms hope will augment their capital bases and expand their periodic public disclosures."It is...

October 19, 2000 SYDNEY, Australia – With a wave of new hotels and the Olympics now over, the Sydney hotel market is expected to undergo transformation with the redevelopment of older hotels on the fringes of the city...

October 19, 2000 JACKSONVILLE, Fla. – Crocker Realty Trust has hired Koger Equity Inc. (NYSE:KE) to manage its 6.1 million-square-foot portfolio of 127 office properties in six southeast states. As a result of the management agreement, Koger Equity...

October 19, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln) $24.9$24.9$74.7$74.2FFO/shr (diluted) $0.54 $0.54 $1.62 $1.61 Net Income (mln) $15.6$15.8 $47.8 $46.9 Net/shr$0.34 $0.34 $1.03 $1.01 Revenue (mln)$42.9 $41.5 $128.5 $121.7Shares Out. (mln)46.2 46.2 46.2 46.2

October 19, 2000 The comment period ended last week for objections or proposed changes to new underwriter exemptions for the Employee Retirement Income Security Act that would expand the investment possibilities of non-AAA securities for some restricted investors,...

October 19, 2000 WASHINGTON – Apartment building sales, long in decline, are beginning to increase and debt markets continue to favor investments in that sector, according to a survey of the National Multi Housing Council.The survey was conducted...

October 19, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln) $18.8$21.5 $53.9 $52.0 FFO/shr (diluted) $0.86 $0.99 $2.46 $2.47 Net Income (mln) $12.1$13.6$32.0 $29.9Net/shr$0.57 $0.66 $1.52 $1.45 Revenue (mln)$41.9$40.0 $119.7 $105.7 Shares Out. (mln)21.9 21.8 21.9 21.0

October 19, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln) $5.8$5.4 $17.0 $16.2 FFO/shr (diluted) $0.64 $0.60 $1.88 $1.80 Net Income (mln) $3.9$2.3$11.6$10.0 Net/shr$0.43 $0.25 $1.29$1.11 Revenue (mln)$6.9$5.8$20.3$17.7Shares Out. (mln)9.0 9.0 9.0 9.0

October 19, 2000 Morgan Stanley Dean Witter Capital I Trust 2000-LIFE2ClassAmount($mln)Sub. Level(%)RatingFitchRatingMoody'sAvg.LifePriceTalk(BP)PricedBenchmarkA-115916.5AAAAaa5.7+26 area+26SwapsA-248016.5AAAAaa9.3+37 area+40SwapsB22.9613.5AAAa29.9+52 area+55SwapsC24.910.25AA29.9+67 area+70SwapsD6.99.35A-A39.9+77 area+82SwapsE18.756.9BBBBaa29.9+225 area+225Treas.F*7.655.9BBB-Baa39.9+265 area+260Treas.G*3.065.5BBB-NRNANANATreas.X**765.3--AAAAaaNANANATreas.* Privately placed.** Interest only, notional amount.

October 19, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln) $64.5$54.8 $184.1 $137.7FFO/shr (diluted) $0.94 $0.83 $2.71 $2.09 Net Income (mln) $48.6$24.3 $126.5 $82.3Net/shr$0.71 $0.37 $1.86 $1.25 Revenue (mln)$146.4 $131.1 $421.4 $373.2 Shares Out. (mln)67.6 66.2 67.9 65.8

October 19, 2000 Hilton Hotels Pool Trust, Series 2000-HLTClassAmount($mln)RatingMoody'sRatingS&PAvg.LifePriceTalk(BP)BenchMarkA-192.5AaaAAA5.8+28-301-mo. LiborA-2175AaaAAA9.9+40-431-mo. LiborB60.8AaaAA+9.9+50 area1-mo. LiborC66.8Aa2AA-9.9+70 areaSwapsD32.9A1A+9.9+80 areaSwapsE24.7A2A9.9+90 areaSwapsF46.9A3A-9.9+100 areaSwapsX*499.6AAAAaa--NANA* Notional balance. Go To Moody's Presale Report.

October 19, 2000 (NewsTraders.com) – Responding to a strong quarterly showing from AvalonBay Communities (NYSE:AVB), PaineWebber analyst Jeff Olson today boosted his recommendation on the apartment REIT to "buy" from "attractive."Wednesday after market close, AvalonBay reported third-quarter funds...

October 19, 2000 NEW YORK – Lexington Realty Advisors Inc., a subsidiary of Lexington Corporate Properties Trust (NYSE:LXP), has been hired to invest and manage $50 million on behalf of a private investment fund. The investment program has...

October 18, 2000 EXTON, Pa. – Rubenstein Co. LP has hired Barclay White, affiliated with Swedish developer Skanska AB, to lead the construction of an office complex near Philadelphia.The $53 million contract gives Barclay White the right to...

October 18, 2000 CLEVELAND – Boykin Lodging Co. (NYSE:BOY) has appointed Joseph F. Smith as vice president of asset and tenant management.Smith has been with Boykin Management Co., holding several positions in the field and in the corporate...

October 18, 2000 ANCHORAGE, Alaska – The Alaska Housing Finance Corp., which provides financing for multifamily complexes, congregate facilities and single-family homes, will provide $15.4 million in loans for the acquisition and rehabilitation of two apartment complexes in...

October 18, 2000 NEW YORK – Roger H. Kahn, who most recently headed the management operations of Grubb & Ellis New York, has joined SL Green Realty Corp. (NYSE:SLG) as senior vice president of management and construction.Kahn's hiring...

October 18, 2000 ALEXANDRIA, Va. – AvalonBay Communities Inc. (NYSE:AVB) has begun construction on two apartment communities in California and one each in Connecticut and Washington.The combined construction cost of the properties is expected to be about $195.3...

October 18, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorFULLERTON, Calif. – Albertson's Inc. has purchased a 131,000-square-foot office building from Hewlett-Packard Co. for $10.5 million, or about $80/sf.Albertson's, a supermarket chain based in Boise, Idaho,...

October 18, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln) $7.4$7.2 $22.7 $21.4 FFO/shr (diluted) $0.61 $0.59 $1.87 $1.76 Net Income (mln) $1.8 $1.8 $7.1 $5.5 Net/shr (diluted)$0.26 $0.25 $1.16 $0.76 Revenue (mln)$21.6 $21.1 $68.0 $63.6 Shares Out. (mln)7.2...

October 18, 2000PHILADELPHIA – Resource Asset Investment Trust (AMEX:RAS) has completed its purchase of Pinnacle Capital Group and has named Scott F. Schaeffer as president."Pinnacle's financing services complement those already offered by RAIT, giving us a broader range...

October 18, 2000 BOSTON – Three sellers have completed the sale of $44 million of performing and nonperforming commercial mortgages and business loans through debtX.com, a loan-trading Web site operated by the Debt Exchange Inc.The 84 loans, which...

October 18, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorAn AEW Capital Management investment fund has formed a joint venture with the Long Cos. to develop 320,000 square feet of back office and data storage facilities...