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 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 (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:

February 8, 2001(NewsTraders.com) – Salomon Smith Barney analyst Jonathan Litt has raised his rating on SL Green Realty (NYSE:SLG) to "buy" from "outperform" and hiked his price target to $33 from $28.SL Green reported fourth-quarter FFO of $0.70...

February 8, 2001 Bear Stearns Mortgage Securities Inc., Series 2001-EPRClassAmount($mln)RatingS&PRatingMoody'sAvg.LifePriceTalk(BP)RevisedTalk(BP)BenchMarkA63.5AAAAaa5+75-80+85 areaSwapsB11.7AAAa25+105-110+115 areaSwapsC12.5AA25+140 area+145 areaSwapsD4.6A-A35+160 area+160 areaSwapsE7.5BBBBaa25+365 area+365 area5-yr. Treas.F3.8BBB-Baa35+450 area+450 area5-yr. Treas.

February 8, 2001 Ottawa growth boosts demand for malls The Ottawa Citizen, February 8 OTTAWA - Viking Rideau Corp. has begun a C$10 million (US$6.6 million) renovation of the Rideau Centre. Renovation plans could also entail a $35...

February 8, 2001 Go to Moody's Presale Report.Go To Fitch's Presale Report. Office Portfolio Trust, Series 2001-HRPTClassAmount($mln)RatingFitchRatingMoody'sAvg.LifePriceTalk(BP)BenchMarkA-136AAAAaa5.7+48 areaSwapsA-2119AAAAaa9.94+60 areaSwapsB11.5AA+Aaa9.94+68 areaSwapsC15.5AAAa29.94+75 areaSwapsD11.04A+Aa29.94+85 areaSwapsE21.09AA29.94+90 areaSwapsF17.7BBB+Baa19.94+130 areaSwapsG10.8BBBBaa29.94+135 areaSwapsH17.07BBB-Baa39.94+165-170SwapsIO*259.8AAAAaaNA+275 areaTreas.* Notional amount, interest only.

February 8, 2001 NEW YORK - Fitch has assigned a triple-B rating to Camden Property Trust's (NYSE:CPT) $150 million and $50 million offerings of senior term notes.The $150 million 10-year notes, which mature in 2011, yield 7.625 percent....