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

February 7, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $17.5$18.7 $71.5 $59.5 FFO/shr (diluted) $0.32 $0.32$1.28 $1.25 Extra Gain (Loss) $(0.2) $ -- $22.9 $ -- Net Income (Mln) $0.05 $1.9 $27.8 $17.7 Net/shr$0.00 $0.05 $0.77 $0.45 Revenue...

February 7, 2001SAN FRANCISCO - Equityhound, the online investment bank, is merging with Wall Street Realty Capital, a real estate investment banking firm.The merger will allow Equityhound to expand its business to include both retail and institutional equity...

February 7, 2001 NEW YORK – Fitch has made some management changes to its structured finance groups in Japan and Australia and plans to make more hires in Asia soon.Huxley Somerville, managing director in Fitch's US CMBS group,...

February 7, 2001 NEW YORK - Standard and Poor's has lowered its rating on New Plan Excel Realty Trust to triple-B from triple-B-plus. The outlook is stable.In addition, ratings were lowered on the company's $870 million outstanding securities.The...

February 7, 2001NEW YORK – The number of commercial mortgage-backed securities with delinquencies continue to climb, but still remain at low levels overall, according to Standard & Poor's recent issue CMBS Quarterly Insights.In 2000, 65 transactions contained delinquencies...

February 7, 2001 AUBURN, Maine – GMAC Commercial Mortgage Corp. has provided $28.5 million in permanent financing for a retail property owned by Botsivalis Corp.The company received the fixed-rate loan for a 23,500-square-foot OfficeMax store, which sits on...

February 7, 2001 (NewsTraders.com) – The war of words between investor Robert Chapman and American Community Property Trust (AMEX:APO) appears to have escalated, according to paperwork released by the SEC.In the amended Schedule 13D filing, Chapman, who with...

February 7, 2001 ATLANTA - Cousins Properties Inc. (NYSE:CUZ)has decided to repurchase up to 2 million shares of common stock before Jan. 1, 2003.The company can repurchase the stock in open market transactions and in negotiated and block...

February 7, 2001NEW YORK – Moody's has upgraded three classes of DLJ Mortgage Acceptance Corp., 1994-MF11 and affirmed the ratings of four other classes because of credit enhancement improvements due to prepayments. The rating agency upgraded the deal's...

February 7, 2001 (NewsTraders.com) – Apartment Investment and Management Co.'s (NYSE:AIV) stock was downgraded Wednesday from accumulate to intermediate-term neutral by a Merrill Lynch analyst because of the chief operating officer's departure.Steve Sakwa said Tom Toomey's exit "cannot...

February 7, 2001 KAHULUI, Hawaii – A&B Properties Inc., a subsidiary of Alexander & Baldwin Inc. (NYSE:ALEX), plans to develop a $13 million, four-story hotel with up to 140 rooms on the island of Maui.Haleakala Highway and Keolani...

February 7, 2001NEW YORK – Fitch has upgraded four classes of J.P. Morgan Commercial Mortgage Finance Corp., 1995-C1 as a result of the prepayment of the largest loan in the collateral pool.The rating agency had previously downgraded the...

February 7, 2001 INDIANAPOLIS – Forrest Robinson has resigned as regional executive vice president of Duke-Weeks Realty Corp.'s (NYSE:DRE) Florida division to pursue other opportunities. Rich Horn, president of Duke-Weeks, will temporarily take over Robinson's duties.Robinson joined the...

February 7, 2001 Commercial Real Estate DirectAs expected, the year's first commercial mortgage-backed securities conduit transaction, Morgan Stanley Dean Witter Capital I Trust, Series 2001-TOP1, has officially come to market.The $1.2 billion transaction is backed by 161 loans...

February 7, 2001 Developer looks for JV partner for Miami Beach developmentThe Wall Street Journal, February 7 MIAMI BEACH, Fla. – Gilberto Bomeny has hired CB Richard Ellis to help find a joint venture partner to develop a...

February 7, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $10.0$9.8 $39.8 $37.4 FFO/shr (diluted) $1.02 $0.96 $4.01 $3.66 Net Income (Mln) $4.8 $5.8$29.1 $20.5 Net/shr$0.49 $0.57 $2.93 $2.01 Revenue (Mln)$31.5 $29.6 $122.5$114.3 Shares Outstanding (Mln)9.9 10.2 9.9 10.2

February 7, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $76.5$64.4 $239.5 $191.6 FFO/shr (diluted) $1.39 $1.22 $4.42 $4.02 Extra Gain (Loss) $ -- $ -- $ --$(13.8)Net Income (Mln) $44.3 $32.3 $113.5 $76.7 Net/shr$0.85 $0.62 $2.18 $1.67 Revenue...