August 16, 2000 ROSELAND, N.J. – Chelsea GCA Realty Inc. (NYSE:CCG) has privately placed $100 million of unsecured notes from its operating partnership affiliate.The REIT placed $50 million of 8.375 percent notes due 2005, pricing them to yield...

August 16, 2000 Burnham Pacific Properties Inc. (NYSE:BPP) has decided to liquidate.The REIT owns shopping centers primarily in the Western United States that it carries on its books at a value of $1 billion, as of the end...

August 16, 2000 DENVER – Archstone Communities (NYSE:ASN) has formed a separate property management firm, Archstone Management Services Inc., in order to pursue third-party management work.Glenn Rand, senior vice president of operations at the REIT's east region, was...

August 16, 2000 NEW YORK – Cushman & Wakefield Inc. has named 10 of the firm's top executives to its board of directors.The new board members are Audrey Z. Cramer, Robert J. Donnelly, Jack C. Fraker, David C....

August 16, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $32.3 mln$27.5 mln $64.4 mln $54.0 mln FFO/shr (diluted) $0.87 $0.75 $1.75 $1.47 Net Income $15.4 mln $12.9 mln $29.7 mln $25.1 mln Net/shr$0.61$0.53$1.19$1.01Revenue$86.9 mln $74.2 mln$174.9 mln $148.7 mln...

August 16, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $23.2 mln$21.3 mln $44.9 mln $39.7 mln FFO/shr (diluted) $0.70 $0.65 $1.36 $1.22 Net Income $13.1 mln $63.6 mln $34.1 mln $78.6 mln Net/shr$0.41$1.98$1.06$2.45Revenue$35.8 mln $23.1 mln$64.5 mln $41.8 mln...

August 15, 2000 SAN FRANCISCO – In a move to develop closer ties to local commercial real estate players, LoopNet Inc. has set up seven regional offices and hired a crew of seasoned sales executives to head them...

August 15, 2000 NEW YORK – Lexington Corporate Properties Trust (NYSE:LXP) has appointed Geoffrey Dohrmann to its board of trustees. Dohrmann is co-founder, chairman and chief executive officer of Institutional Real Estate Inc., which publishes Institutional Real Estate...

August 15, 2000Go To Moody's Presale Report.Bear Stearns Commercial Mortgage Securities Inc., Series 2000-LCONClassAmount($mln)RatingMoody'sAvg.LifePriceTalk(BP)BnchMarkA58.8Aaa4.8+33 area1-mo. LiborB15.1Aa24.8+45 area1-mo. LiborC13.4A24.8+90 area1-mo. LiborD15.1Baa24.8+190 area1-mo. LiborE3.5Baa34.8N/A1-mo. LiborX-1*106Aaa3.8----* Notional amount.

August 15, 2000 BALTIMORE – Prime Retail Inc. (NYSE:PRT) said it is not in compliance with financial covenants in certain of its debt financing.Separately, the troubled REIT said loans on two properties that it is involved in have...

August 15, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $78.2 mln$70.6 mln $153.0 mln $139.6 mln FFO/shr (diluted) $0.54 $0.48 $1.06 $0.95 Net Income $82.7 mln $50.5 mln $124.2 mln $88.3 mln Net/shr$0.57$0.36$0.86$0.63Revenue$185.1 mln $163.3 mln$362.9 mln $324.7 mln...

August 15, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $38.7 mln$37.5 mln $76.9 mln $75.3 mln FFO/shr (diluted) $0.87 $0.79 $1.72 $1.55 Net Income $10.6 mln $12.8 mln $23.3 mln $26.5 mln Net/shr$0.27$0.30$0.58$0.61Revenue$101.3 mln $91.4 mln$200.0 mln $180.2 mln...

August 15, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $109.3 mln$96.6 mln $213.2 mln $172.0 mln FFO/shr (diluted) $0.55 $0.48 $1.07 $0.95 Net Income $19.6 mln $12.8 mln $64.5 mln $13.8 mln Net/shr$0.12$0.08$0.39$0.10Revenue$174.3 mln $161.6 mln$340.0 mln $287.3 mln...

August 15, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $13.8 mln$15.9 mln $29.2 mln $28.5 mln FFO/shr (diluted) $0.51 $0.60 $1.09 $1.09 Net Income (loss) $(.5) mln $7.0 mln $3.1 mln $10.0 mln Net/shr$(0.03)$0.46$0.20$0.66Revenue$55.4 mln $52.9 mln$110.9 mln $102.0...

August 15, 2000Go To Price Talk Table.Salomon Brothers Mortgage Securities VII, Inc., Series 2000-C2ClassAmount($mln)Sub. Level(%)RatingFitchRatingMoody'sAvg.LifePriced(BP)BnchMarkA-1115.923.5AAAAaa5+301-mo. LiborA-2485.523.5AAAAaa10+391-mo. LiborB33.419.25AAAaa210+541-mo. LiborC33.415AA210+671-mo. LiborD7.914A-A310+781-mo. LiborE11.812.5BBB+Baa110+225Treas.F13.810.75BBBBaa210+235Treas.G9.89.5BBB-Baa310+260Treas.X*786.1--AAAAaa--N/A --* Interest only, notional amount.

August 15, 2000 CHICAGO – Prime Group Realty Trust (NYSE:PGE) said it has hired a financial adviser to help it study all of its strategic alternatives.The name of the adviser was not immediately available. But Prime Group, which...

August 15, 2000 ORLANDO, Fla. – CNL Hospitality Corp. has paid $43 million for two suburban hotels from Wyndham International Inc., which will lease the two properties back under long-term agreements.The two full service hotels, located in Massachusetts...

August 15, 2000 Third building planned in Midtown complexAtlanta Journal-Constitution, August 15ATLANTA – Winter Properties plans to start construction on a six-story, 120,000-square-foot office mid-rise with retail space late this year. The Midtown Heights building will be ready...

August 15, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $10.9 mln$16.5 mln $23.7 mln $32.6 mln FFO/shr (diluted) $0.34 $0.49 $0.73 $0.97 Net Income $9.4 mln $10.9 mln $22.3 mln $32.6 mln Net/shr$0.29$0.32$0.69$0.65Revenue$26.3 mln $25.9 mln$52.4 mln $51.6 mln...

August 15, 2000 High-tech job boom spurs expansion of apartment-hotelsVANCOUVER, British Columbia – The Commvesco Levinson Viner Group, owner of the Albert At Bay and Victoria Park Suites hotels, plans to increase the capacity of its properties by...

August 15, 2000 WINSTON-SALEM, N.C. – BB&T Corp. (NYSE:BBT) has agreed to buy commercial mortgage banking firm Laureate Capital Corp. from Resource Bancshares Mortgage Group Inc. (Nasdaq:RBMG).Terms of the transaction, which BB&T Corp. will account for as an...

August 15, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $3.1 mln$26.8 mln $22.1 mln $54.8 mln FFO/shr (diluted) $(0.06) $0.39 $0.20 $0.77 Net Income (loss) $(21.4) mln $(1.0) mln $(38.8) mln $16.1 mln Net/shr$(0.49) $(0.02) $(0.89) $0.04 Revenue$68.6 mln...

August 15, 2000 ATLANTA – JDN Realty Corp. (NYSE:JDN) has retained Lazard Freres & Co. as its financial adviser.Lazard Freres will help the company explore and evaluate financing alternatives for its development pipeline and evaluate and make recommendations...

August 15, 2000 BALTIMORE – Prime Retail Inc. (NYSE:PRT) said it expects to close a $20 million first mortgage on its Prime Outlets of Puerto Rico in early September. The loan is the first phase of a two-pronged...

August 15, 2000 By Jeffrey Feldman, chief executive officer of Everest Broadband, a Fort Lee, N.J.-based provider of high-speed Internet access, long-distance telephone service and various advanced Internet applications in multitenant commercial buildings and hotels.The emerging telecommunications needs...