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 13, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $6.8$8.7 $25.0 $29.3 FFO/shr (diluted) $0.35 $0.40 $1.27 $1.33 Net Income (Mln) $(1.3) $5.5 $4.9 $23.7 Net/shr$(0.14) $0.19 $(0.03) $0.83 Revenue (Mln)$39.1 $42.0 $157.1$158.6 Shares Outstanding (Mln)19.3 21.5 19.7...

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 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,...

February 12, 2001 WAYNE, Pa. – Vincent J. Rogusky, former senior vice president at Julien J. Studley Inc., has joined PA Early Stage through the venture capital firm's Executive in Residence Program.Rogusky will help the fund's investment team...

February 12, 2001 AURORA, Ill. – Chelsea Property Group plans to build a 430,000-square-foot outlet center for $70 to $80 million.The Premium Outlet Center, which will house about 100 stores, will sit at the northeast corner of the...

February 12, 2001 (NewsTraders.com) – iStar Financial (NYSE:SFI) has filed a shelf registration statement with the Securities and Exchange Commission allowing for the possible future offering of up to $500 million of debt and equity securities.The filing covers...

February 12, 2001 LUTHERVILLE, Md. – Mid-Atlantic Realty (NYSE:MRR) has opened the $11.5 million Security Station Shopping Center.The 73,000-square-foot center, located at the intersection of Rolling Road and Security Boulevard, is 100 percent leased and is anchored by...

February 12, 2001 HONOLULU – Alexander & Baldwin Inc. (Nasdaq:ALEX) has completed the purchase of the Pacific Guardian Tower from Tosei Properties Inc.The 124,000-square-foot, 18-story tower, which sits across the intersection from the Ala Moana Shopping Center, is...

February 12, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $21.3$20.1 $82.1 $78.7FFO/shr (diluted) $0.72 $0.69 $2.76 $2.70 Net Income (Mln) $13.2 $13.7 $52.6 $50.7 Net/shr$0.44 $0.39 $1.47 $1.44 Revenue (Mln)$51.6 $45.5 $197.4$175.0 Shares Outstanding (Mln)29.8 29.229.8 29.1

February 12, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $70.8$87.2 $326.1 $330.8 FFO/shr (diluted) $0.46 $0.52 $2.02 $2.00 Net Income (Mln) $144.3 $3.1 $222.3 $94.0 Net/shr$0.93 $0.02 $1.43 $0.60 Revenue (Mln)$147.5 $170.0 $655.7$652.7

February 12, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $1.8$2.1$7.8 $8.5 FFO/shr (diluted) $0.32 $0.35 $1.37 $1.43 Net Income (Mln) $0.3 $0.6 $2.0 $2.7 Net/shr$0.06 $0.10 $0.35 $0.46 Revenue (Mln)$8.5 $8.3 $33.9$33.5 Shares Outstanding (Mln)7.4 7.6 7.4 7.6