February 16, 2001 BOSTON – The New York State Teachers' Retirement System has committed another $100 million to a $200 million industrial property investment program managed by Cabot Industrial Trust (NYSE:CTR).The venture, mentioned in the pension fund's board...

February 16, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $8.4$8.5 $34.9 $32.6 FFO/shr (diluted) $0.57 $0.57 $2.36 $2.24 Net Income (Mln) $5.6 $6.1 $24.2 $23.2 Net/shr$0.38 $0.40 $1.63 $1.60 Revenue (Mln)$13.7 $12.6 $55.4$48.7 Shares Outstanding (Mln)14.7 15.0 14.8...

February 16, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $14.6$14.2 $57.5 $60.0 FFO/shr (diluted) $0.71 $0.67 $2.80 $2.75 Net Income (Mln) $2.2 $5.9 $13.7 $17.5 Net/shr$0.12 $0.29 $0.78 $0.93 Revenue (Mln)$56.0 $55.4 $222.5$224.2 Shares Outstanding (Mln)20.5 21.3 20.6...

February 16, 2001 NEW YORK – Glenn E. Whitmore has joined Holliday Fenoglio Fowler as senior managing director in the New York office, where he will continue to represent institutional clients on nationwide sales and recapitalizations.Whitmore comes to...

February 16, 2001 DALLAS - Triad Properties of Texas Ltd. will be the third-party leasing agent for Prescott Realty's Dallas properties.The portfolio includes two WiredZone brand buildings a 224,000-square-foot building, located at 18325 Waterview Parkway and the 153,000-sf...

February 16, 2001 CHARLESTON, S.C. – Golf Trust of America Inc. (AMEX:GTA) has temporarily postponed the release of its fourth quarter earnings, pending the board of directors approval of its liquidation plan.In November, the board authorized management to...

February 15, 2001 KANSAS CITY, Mo. – Entertainment Properties Trust (NYSE:EPR) has closed on a $125 million secured financing.Proceeds were used to repay and retire the company's existing revolving credit line, which was secured by 13 megaplex properties.The...

February 15, 2001 LOS ANGELES – Westfield America Trust, the Australia-based parent of Westfield America Inc. (NYSE:WEA), has agreed to buy all of the outstanding common shares of the shopping mall REIT that it and its affiliates do...

February 15, 2001 Cohen Financial has chosen CapitalThinking's Bluewire as the platform for online mortgage originations.Cohen, a Chicago mortgage banker, will initially use Bluewire to more quickly and efficiently process loan applications. But it will eventually include a...

February 15, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99 ProForma Net (Loss) (Mln) ($6.5)($3.4)($32.2)($9.3)ProForma Net (Loss)/shr ($0.42) ($0.26)($2.13) ($0.79) Revenue (Mln)$16.8$8.9 $58.5$30.2 Shares Outstanding (Mln)15.4 12.9 15.111.7

February 15, 2001 LONG BEACH, Calif. – Developers Diversified Realty Corp. (NYSE:DDR) has received a 12-month extension from the city to develop the Queensway Bay project.Developers Diversified was set to begin construction this fall on the project, which...

February 15, 2001 By Thomas J. Walsh, Commercial Real Estate Direct Senior WriterThe $1.2 billion Morgan Stanley Dean Witter Capital I Trust 2001-TOP1 commercial mortgage-backed securities transaction, the first U.S. conduit of the year and comprised of collateral...

February 15, 2001 (NewsTraders.com) – CoStar Group (Nasdaq:CSGP) slid to buy from strong buy Thursday at Needham & Co. as analyst Dalton Chandler downgraded the stock and also took a knife to his price target, halving the goal...

February 15, 2001 Summit REIT sells Westmount Place in OntarioCanada Newswire, February 15TORONTO - Summit REIT has entered into an agreement to sell Westmount Place - a retail mall in Waterloo, Ontario - to Clarica for C$17.2 million...

February 15, 2001 (NewsTraders.com) – A.G. Edwards & Sons analyst Art Havener today lifted his rating on Great Lakes REIT (NYSE:GL) to buy from maintain today, in a move prompted by valuation.Havener said shares of Great Lakes REIT...

February 15, 2001 HORSHAM, Pa. – GMAC Commercial Mortgage Corp. has provided a $25 million first mortgage for the refinancing of an outdoor anchored retail power center in St. Louis, Mo.The floating-rate three-year mortgage is a repositioning loan...

February 15, 2001 GREENSBORO, N.C. - Tanger Factory Outlet Centers Inc. (NYSE:SKT) has priced a $100 million offering of senior-term notes.The seven-year notes, which mature Feb. 15, 2008, were priced to yield 9.25 percent. They were issued at...

February 15, 2001 SAN FRANCISCO – AMB Property Corp. (NYSE:AMB) and the City and County of San Francisco Employees' Retirement System have teamed to invest in industrial distribution properties nationwide. The REIT and the pension fund have each...

DmEquity Residential 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $838.1$732.8 $217.8 $195.9 FFO/shr (diluted) $1.29 $1.18 $5.00$4.50 Net Income (Mln)$126.3 $107.8 $549.4 $393.9 Net/shr$0.74 $0.63 $3.34 $2.29 Revenue (Mln)$504.8$467.8$1,959.8$1,711.7 Shares Outstanding (Mln)145.7 140.1 145.6 135.7

February 15, 2001 TEANECK, N.J. - Vizy Interactive New York will create a Web site for Tishman Real Estate Services.Vizy Interactive New York will provide consulting, interface graphic design, content integration, production and database development solutions for the...

February 15, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $44.2$39.6 $169.2 $151.0 FFO/shr (diluted) $0.95 $0.87 $3.66 $3.33 Net Income (Mln) $19.8 $20.0 $85.0 $91.9 Net/shr$0.51 $0.52 $2.18 $2.41 Revenue (Mln)$98.2 $90.6 $384.2$374.2 Shares Outstanding (Mln)39.1 38.2 38.9...

February 15, 2001 Morgan Stanley Dean Witter Capital I Trust 2001-TOP1ClassAmount($mln)Sub. Level(%)RatingFitchRatingS&PAvg.LifePriceTalk(BP)Priced(BP)BenchMarkA-16515AAAAAA3.4+30 area+30SwapsA-2203.515AAAAAA5.7+39-40+40SwapsA-3138.515AAAAAA6.8+43-44+43SwapsA-4575.915AAAAAA9.65+46-47+47SwapsB34.712AAAA9.89+62-63+62SwapsC31.89.25AA9.93+80-82+81SwapsD11.58.25A-A-9.98+91-93+93SwapsE27.45.88BBBNR9.98+125 area+125SwapsF10.15BBB-NR10+275 area275Treas.X-1*50--AAAAAANA+475 area475Treas.X-2*46.6--AAAAAA--+195 area195Treas.* Notional amount, interest only.

February 15, 2001 NASHVILLE, Tenn. – Corrections Corporation of America (NYSE:CXW) has received final court approvals for revised terms in its settlements with shareholders.The revised terms call for the REIT to issue 49.6 million shares of common stock...

February 15, 2001 (NewsTraders.com) – Friedman Billings Ramsey & Co. analyst Merrill Ross lowered her rating on Cornerstone Realty Income Trust (NYSE:TCR) to accumulate from buy today in a move prompted by a negative near-term supply outlook.The downgrade...

February 15, 2001 BOSTON – Beacon Capital Partners Inc. has closed on its sale of Technology Square in Cambridge, Mass., for $278.8 million.The Massachusetts Institute of Technology bought Technology Square's three existing buildings totaling about 541,000 square feet...