April 19, 2001 Commercial Real Estate DirectTOKYO – The lead investment banks behind Japan's first three REITs, which will be launched this summer, have been announced. Nomura Real Estate Development Co. has identified its own Nomura Securities as...

April 19, 2001 Class Amount Sub. Rate Rating Moody's Rating Fitch Avg. Life Price Talk Benchmark A-1 176.8 22.5 AAA Aaa 5.7 +44-46 Swaps A-2 709.3 22.5 AAA Aaa 9.7 +49-51 Swaps B 45.7 18.5 AA Aa2 9.9...

April 19, 2001 North Beach, Fla., developer named The Miami HeraldMIAMI BEACH, Fla. - City commissioners voted to work with the Related Group of Florida to turn a four-acre parking lot at 72nd Street and Collins Avenue into...

April 19, 2001 COLUMBIA, S.C. – Lexington Corporate Properties Trust (NYSE:(NYSE: LXP) plans to expand an office building on Technology Circle, at an estimated cost of $10.5 million.The 348,410-square-foot building, at 17 Technology Circle, will be expanded by...

April 19, 2001 By Thomas J. Walsh, Commercial Real Estate Direct Senior WriterMorgan Stanley Dean Witter's $279.8 million Potomac/Gurnee Mills Trust (Series 2001-XLPGM) single-borrower transaction for the Mills Corp. that has been in the market since early last...

April 19, 2001 Commercial Real Estate Direct Staff ReportSanwa Bank of California has provided $25 million in construction financing for Menlo Equities' build-to-suit office development in downtown San Jose.The project is being built for broadband networking and communications...

April 19, 2001 CenterPoint Properties Trust ? 1st-Qtr 01 1st-Qtr 00 FFO (Mln) $20.9 $17.2 FFO/shr (diluted) $0.89 $0.79 Net Income (Mln) $11.5 $9.3 Net/shr (diluted) $0.57 $0.45 Revenue (Mln) $41 $39.1 Shares Outstanding (Mln) 23.5 21.8

April 19, 2001 Charles E. Smith Residential Realty   1st-Qtr 01 1st-Qtr 00 FFO (Mln) $25.5 $18.9 FFO/shr (diluted) $0.88 $0.80 Net Income (Mln) $12.9 $10.6 Net/shr (diluted) $0.56 $0.51 Revenue (Mln) $106.6 $88.9

April 19, 2001 Plazacorp to build 2 Staples stores in Nova ScotiaFREDERICTON, New Brunswick - Plazacorp Retail Properties Ltd is planning to build two 25,000-square-foot Staples retail centers in Nova Scotia. The stores are leased for 15 years...

April 19, 2001 Prentiss Properties   1st-Qtr 01 1st-Qtr 00 FFO (Mln) $35.6 $32.1 FFO/shr (diluted) $0.84 $0.77 Net Income (Mln) $29.3 $16.9 Net/shr (diluted) $0.73 $0.42 Revenue (Mln) $88.4 $81.1 Shares Outstanding (Mln) 42.4 41.6

April 19, 2001 SAN FRANCISCO – The online leasing system NetStruxr has signed on two new large clients. The information services and data processing firm ADP (NYSE:ADP) and the North Carolina-based Duke Energy (NYSE:DUK) both engaged NetStruxr "for...

April 19, 2001 BILLERICA, Mass. – McCracken Financial Software Inc. has acquired FASRE Field Services Inc., the nation's largest provider of annual property inspections to the commercial mortgage servicing industry. Terms of the transaction were not disclosedAs part...

April 19, 2001KISSAMEE – Extendicare Health Services Inc. (NYSE:EXE) has sold two nursing homes in Florida for proceeds of $11.4 million to Tandem Health Care Inc., which was leasing the facilities.The deal consisted of $7 million in cash,...

April 19, 2001 Universal Health Realty   1st-Qtr 01 1st-Qtr 00 FFO (Mln) $6.0 $5.7 FFO/shr (diluted) $0.66 $0.63 Net Income (Mln) $4.1 $3.9 Net/shr (diluted) $0.46 $0.44 Revenue (Mln) $3.6 $3.5 Shares Outstanding (Mln) 9.0 9.0

April 18, 2001 Class Amount Sub. Rate Rating S&P Rating Moody's Rating Fitch Avg. Life Price Talk Priced Benchmark A-1 47.4 22 AAA Aaa AAA 2.8 +33 area +33 Swaps A-2 153.75 22 AAA Aaa AAA 4.54 +42...

April 18, 2001 NEW YORK - London has passed Tokyo as the world's most expensive city when it comes to office space, according to Business Space Across the World, the annual report by Cushman & Wakefield.Prime office space...

April 18, 2001 NEW YORK – First Union Securities has hired Patrick Ciriello as director and regional sales manager for the Northeast, under the firm's Real Estate Capital Markets umbrella. Ciriello came over to First Union from J.P....

April 18, 2001 ROCKVILLE, Md. - Federal Realty Investment Trust (NYSE:FRT) has closed on a $295 million construction loan for the development of its Santana Row property in San Jose, Calif.The urban mixed community, on 40 acres, will...

April 18, 2001 By Thomas J. Walsh, Commercial Real Estate Direct Senior WriterPresale reports have been issued by Moody's Investors Service and Fitch for the forthcoming $1.14 billion G.E. Capital Commercial Mortgage Corp., 2001-1, CMBS conduit. According to...

April 18, 2001 WASHINGTON – Paul, Hastings, Janofsky & Walker LLP has hired the four-attorney environmental practice group of Baker & Hostetler of Washington, further bolstering its real estate practice.Joining Paul Hastings are the head of the group,...

April 18, 2001 By Brad Berton, Commercial Real Estate Direct Contributing WriterGMS Realty LLC has purchased its third shopping center in the Monterey Bay, Calif., area – the Santa Rita Plaza in Salinas.GMS, an up-and-coming investment firm based...

April 18, 2001 NEW YORK – Fitch has placed two classes of DLJ Mortgage Acceptance Corp., 1995-CF2, on rating watch positive because the issue has seen an increase in subordination as a result of prepayments.The issue's $30.5 million...

April 18, 2001 Jones Lang LaSalle to market Fla. resort for about $90MlnThe Wall Street JournalSANIBEL, Fla. – Liberty Mutual Insurance Co. hired Jones Lang LaSalle Hotels to market the Sanibel Harbour Resort & Spa on Florida's Gulf...

April 18, 2001 Commercial Real Estate Direct Staff ReportPHILADELPHIA – RAIT Investment Trust (Amex:RAS) said it raised more than $36 million from the sale of 2.8 million of its common shares in an offering that priced March 22.Of...

April 18, 2001 RICHMOND, Va. - Cornerstone Realty Income Trust Inc. (NYSE:TCR) has completed its exchange offer for its outstanding series A convertible preferred shares."The completion of the exchange offer is expected to generate an additional $5 million...