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

February 9, 2001PITTSBURGH - Technology has placed an unprecedented demand for space on the office sector, but industry risks already are resulting in warning signs of a cooling market, according to PNC Real Estate Finance (NYSE:PNC) and Grubb...

February 9, 2001 Choices spur midtown activityAtlanta Journal-Constitution, February 9ATLANTA –Developers say demand for midtown office space will be healthy enough this year to allow the area to remain one of metro Atlanta's top markets. The midtown market...

February 9, 2001 HORSHAM, Pa. – GMAC Commercial Mortgage Co. has named Jose A. (Tony) Perez as vice president/manager of the agency loan portfolio within the servicing department.Perez will manage GMAC's agency servicing portfolio, which includes Fannie Mae,...

February 9, 2001 WASHINGTON – Edens & Avant is expanding its grocery-anchored shopping center business in the Mid-Atlantic region.The company has hired Steven C. Boyle as vice president of retail development to oversee the new initiative.Boyle has more...

February 9, 2001 PALM BEACH GARDENS, Fla. – Patrick T. Hogan has resigned as vice president and chief financial officer of Correctional Properties Trust (NYSE:CPV).Hogan, who has served as CFO since the prison REIT was formed in February...

February 9, 2001 MELVILLE, N.Y. – Reckson Associates Realty Corp. (NYSE:RA) has backed out of its deal to buy a 475-acre tract on Long Island from New York State that was formerly part of the Pilgrim State Psychiatric...

February 8, 2001 Banc of America Large Loan Inc., Series 2001-FMClassAmount($mln)RatingS&PRatingMoody'sAvg.LifePriceTalk(BP)Priced(BP)BenchMarkA-133.1AAAAaa5.8+38-40+42SwapsA-2136.9AAAAaa9.8+52-55+57SwapsB27AAAa29.8+67-70+72SwapsC30.9AA29.8+82-85+85SwapsD35.55BBBBaa29.8+125 area+125SwapsE6.26BBB-Baa39.8+165-170+165SwapsX*263.45AAAAaa8.94+275 area+275T. curve* Interest only.

February 8, 2001 (NewsTraders.com) – Basing the move on her conviction that the JDN Realty Corp. (NYSE:JDN) story has stabilized, A.G. Edwards & Sons analyst Ann Melnick upgraded the stock Thursday to "maintain" from "sell," with the quip,...

February 8, 2001 SAN FRANCISCO – Citadon Inc. has acquired Madison Real Estate Technologies, an affiliate of Trepp LLC, and will incorporate Madison's software into an online lending application that it is developing.The lending platform will enable financial...

February 8, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $13.0$10.1 $46.6 $39.0 FFO/shr (diluted) $0.83 $0.73 $3.17 $2.82 Net Income (Mln) $7.4 $5.1 $26.0 $22.1 Net/shr$0.41 $0.30 $1.52 $1.46 Revenue (Mln)$30.0 $23.2 $106.9$86.3 Shares Outstanding (Mln)15.7 13.9 14.7...

February 8, 2001 HORSHAM, Pa. – GMAC Commercial Mortgage has provided $33 million of fixed-rate financing to the owner of four Pennsylvania office properties.The 10-year financing, which amortizes over 30 years, was provided to SFN PA LLC. The...

February 8, 2001 (NewsTraders.com) – First Union Securities analyst Stephen Swett lifted his rating on Post Properties (NYSE:PPS) to "buy" from "market perform" today, despite the REIT having recently missed financial expectations for the recently completed fourth quarter.According...

February 8, 2001 Industry News: Coral Gables, Fla., office site sells for $13.2 MlnDaily Business Review, February 8Coral Gables Hines Development LLC purchased a 3.53-acre office site in Coral Gables for $13.2 million from First Union National Bank....

February 8, 2001 Banc of America Large Loan Inc., Series 2001-FMClassAmount($mln)RatingS&PRatingMoody'sAvg.LifePriceTalk*(BP)Priced(BP)BenchMarkA-133.1AAAAaa5.8+38-40+42SwapsA-2136.9AAAAaa9.8+52-55+57SwapsB27AAAa29.8+67-70+72SwapsC30.9AA29.8+82-85+85SwapsD35.55BBBBaa29.8+125 area+125SwapsE6.26BBB-Baa39.8+165-170+165SwapsX**263.45AAAAaa8.94+275 area+275T. curve* Set on or before Jan. 26.** Interest only.

February 8, 2001HOUSTON – Travelers Insurance has taken over the 1.3 million-square-foot Sharpstown Center mall, which has been clobbered by newer competitors.The foreclosure was reported by the Houston Chronicle.The property, the first enclosed, air-conditioned mall in Houston, started...

February 8, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $22.4$19.2 $84.8 $71.8FFO/shr (diluted) $0.70 $0.61 $2.67 $2.29 Extra Gain (Loss) Mln ($0.5) ($0.4) ($0.9) ($1) Net Income (Mln) $26 $8.6 $76.6$33.3Net/shr$1.04 $0.35 $3.10 $1.37Revenue (Mln)$58.2$53.9 $230.3$206Shares Outstanding (Mln)3231.431.831.4

February 8, 2001 (NewsTraders.com) – Merrill Lynch analyst Steve Sakwa has reduced his opinion on Realty Income (NYSE: