February 13, 2001 STERLING, Va. - Lend Lease Real Estate Investments has provided $11.7 million in long-term financing for a carrier hotel on behalf of an affiliate of DataCentersNow.The 54,000-square-foot CyberFortress I property was financed with a 10-year...

February 13, 2001 Office Portfolio Trust, 2001-HRPTClassAmount ($mln)Rating FitchRating Moody'sAvg. LifePrice Talk (BP)BenchmarkFinal Pricing (BP)BenchmarkA-136AAAAaa5.7+48 areaSwaps+48SwapsA-2 (Fixed)28AAAAaa9.94+60SwapsA-2 (Floating)90.95AAAAaa9.94+481-mo. LiborB (Floating)11.5AA+Aaa9.94+511-mo. LiborC (Floating)15.5AAAa29.94+601-MO. LiborD (Fixed)11.04A+Aa29.94+85 areaSwaps+85 SwapsE (Fixed)10.00AA29.94+90 areaSwaps+93SwapsE (Floating)11.09AA29.94+811-mo. LiborF (Fixed)17.7BBB+Baa19.94+130 areaSwaps+125SwapsG (Fixed)10.8BBBBaa29.94+135 areaSwaps+130SwapsH (Fixed)17.07BBB-Baa39.94+165-170Swaps+160Swaps

February 13, 2001NEW YORK - Fitch has upgraded three classes of Morgan Stanley Capital I Inc., 1997-LB1.The $7.3 million class C was upgraded to double-A-plus from double-A. The $9.1 million class D was upgraded to A-plus from A-minus....

February 13, 2001 RICHMOND, Va. – Thomas W. Toomey has joined United Dominion Realty Trust Inc. (NYSE:UDR) as president and chief executive officer as well as director of the REIT, effective Feb. 13.Toomey earlier this month resigned as...

February 13, 2001 NEWTON, Mass. – HRPT Properties Trust (NYSE:HRP) has registered to sell up to $100 million of Series A cumulative redeemable preferred shares.The 4 million shares will likely be sold for $25/share, according to a preliminary...

February 13, 2001 First Union to build condos in Charlotte, N.C. The Charlotte Observer, February 13CHARLOTTE, N.C. – First Union Corp. plans to add luxury condominiums to a park it is developing on South Tryon Street. Grubb Properties...

February 13, 2001 CLEVELAND – Martin J. Cleary will retire on March 31 as president and chief operating officer of the Richard E. Jacobs Group.Cleary, 65, has served as president and COO since joining the commercial real estate...

February 13, 2001 Bear Stearns Mortgage Securities Inc., 2001-EPRClassAmount($mln)Rating S&PRating Moody'sAvg. LifePrice Talk (bp) 2/6/01Revised Talk (bp) 2/8/01Final Pricing (bp) 2/9/01Bench-markA63.5AAAAaa5+75-80+85 area+87SwapsB11.7AAAa25+105-110+115 area+115SwapsC12.5AA25+140 area+145 area+145SwapsD4.6A-A35+160 area+160 area+160SwapsE7.5BBBBaa25+365+365 area+3655-yr Treas.F3.8BBB-Baa35+450+450 area+4505-yr Treas.

February 13, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $59.9$54.6 $234.2 $211.0 FFO/shr (diluted) $0.81 $0.75 $3.17 $2.89 Net Income (Mln) $42.0 $33.6 $159.3 $141.3 Net/shr$0.57 $0.46 $2.17 $1.95 Revenue (Mln)$138.1 $124.8 $533.0$472.5 Shares Outstanding (Mln)76.9 76.5 76.6...

February 13, 2001 Centrefund buys shopping center in BramptonCanada Newswire, February 13BRAMPTON, Ontario - Centrefund Realty Corp. has purchased a 290,000-square-foot shopping center on the southeast corner of Highway No. 7 and Highway No. 10 for C$40.8 million...

February 13, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $16.0$15.6 $64.1 $61.3 FFO/shr (diluted) $0.80 $0.76 $3.19 $2.99 Net Income (Mln) $7.5 $8.0 $33.3 $29.1 Net/shr$0.43 $0.46 $1.91 $1.68 Revenue (Mln)$37.4 $35.1 $146.5$135.0 Shares Outstanding (Mln)17.3 17.3 17.3...

February 13, 2001 SAN FRANCISCO – Esprit de Corp., an apparel and accessory retailer, has put a nearly four-acre parcel up for sale in Mission Bay.The parcel, at 499 Illinois St., is home to an Esprit Outlet.Whitney Cressman...

February 13, 2001 CLEVELAND - Vice President and Controller Lou Fatica will assume the responsibilities of chief financial officer of Associated Estates Realty Corp. (NYSE:AEC), effective March 15.Fatica, who joined the company in 1999, was promoted to vice...

February 13, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $12.6$11.0 $47.8 $39.6 FFO/shr (diluted) $0.66 $0.58 $2.52 $2.28 Extra Gain (Loss) $8.1 $(0.3) $8.8 $15.4 Net Income (Mln) $13.0 $3.8 $26.5 $32.2 Net/shr$0.76 $0.24 $1.68 $1.99 Revenue (Mln)$26.8...

February 12, 2001 By Brad Berton, Commercial Real Estate Direct Contributing WriterRREEF Funds, which has had a seemingly insatiable acquisition appetite, has purchased the 204,882-square-foot Monument II office building in northern Virginia's Dulles Corridor.The property was purchased from...

February 12, 2001 LOS ANGELES – Pacific Theatres Realty has been renamed Robertson Properties Group to encompass the firm's broader mission as a full service real estate company.At the same time, Neil Haltrecht, who has been directing the...

February 12, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $49.6 -- $226.1 -- FFO/shr (diluted) $0.93 $0.89 $4.11 $3.88 Extra Gain (Loss) -- -- $3.1 ($4.5) Revenue (Mln)$94.2$87.6 $400.8$374.9Shares Outstanding (Mln)53.5 57.1 54.9 57.3

February 12, 2001 FORT WASHINGTON, Pa. - SJP Properties has signed a long-term lease for 171,500-square feet with The BISYS Group Inc.Construction will begin in March and will be completed in March 2002. When complete, BISYS will occupy...

February 12, 2001 (NewsTraders.com) – MeriStar Hospitality (NYSE:MXH) was demoted to market perform from buy by First Union Securities analyst Jeffrey Donnelly, who said the company's lackluster fourth-quarter showing influenced the change.The analyst said an unexpected share buyback...

February 12, 2001 DALLAS – Ameriton Properties has received $17.9 million in permanent financing from Aegon for the 350-unit Montfort Apartments.L.J. Melody & Co.'s Denver office arranged the financing.

February 12, 2001 WASHINGTON – The Department of Housing and Urban Development has completed the sale of $623 million of multifamily and healthcare loans, recovering $432 million, or nearly 70 percent of the loans' unpaid balance.As previously reported,...

February 12, 2001 TWINSBURG, Ohio – Time Equities Inc. has received $11.3 million in fixed-rate financing from HVB Capital to buy the 173,000-square-foot Cole Vision World headquarters.L.J. Melody and CB Richard Ellis arranged the financing for the two-story...

February 12, 2001 Hines to renovate First Union Financial Center in Coral Gables, Fla.Sun-Sentinel, February 12CORAL GABLES, Fla. – Hines has purchased the First Union Financial Center in downtown Coral Gables from First Union National Bank. The site...

February 12, 2001 ATLANTA – Thomas Arasi, who until last September was president of Bass Hotels and Resorts' (NYSE:BAS) Americas division, has been named president and chief executive of Lodgian Inc. (NYSE:LOD).Arasi succeeds Robert Cole, who will remain...

February 12, 2001 CARLSBAD, Calif. – Phat Pipe Inc. has named Kevin Wechter as senior vice president and general counsel and has hired Katrina Thompson as vice president of finance.Wechter will oversee the provision of all legal services,...