January 30, 2001AUSTIN, Texas – Cousins properties Inc. (NYSE:CUZ) has purchased a 1.7-acre tract of land at 401 Congress Ave. from Block 42 Congress Partners for about $13.8 million.Congress Avenue, Fourth Street and Brazos Street in the central...

January 30, 2001 Weyerhaeuser Co. has retained Cushman & Wakefield of New Jersey to market for sale a 132,400-square-foot industrial property in Jersey City, N.J. The asking price for the seven-acre property is $7.15 million, or about $54/sf.The...

January 30, 2001 ATLANTA - JDN Realty Corp. (NYSE:JDN) has purchased JDN Development Co.JDN Development was formed in December 1994 to construct shopping centers. It will continue in its current development role.

January 30, 2001 BETHESDA, Md. – CoStar Group Inc. (Nasdaq:CSGP) has received $50,000 as part of a settlement in a copyright infringement and breach of contract lawsuit.CoStar said that it filed suit against MIE Properties Inc., another Bethesda-based...

January 30, 2001 280 Park Avenue TrustClassAmount($mln)RatingFitchRatingMoody'sAvg.LifePriceTalk(BP)Priced(BP)BenchMarkA-135.6AAAAaa5.7+38 area+42SwapsA-264.7AAAAaa9.97+51-53+53SwapsA-2F64.7AAAAaa9.97+40-42+39LiborB31AAAa29.97+66-68+68SwapsC31AA29.97+81-83+80SwapsD8A-A39.97+91-93+91SwapsE23BBBBaa29.97+125 area+120SwapsF11.8BBBBaa39.97+145 area+140SwapsX-1*269.8AAAAaaNA+250-275+250Treas.*Notional amount, interest-only.

January 29, 2001 AUSTIN, Texas – The Shidler Group has purchased a portfolio of four office buildings from Southfield Realty LP for $56.5 million. The properties in the portfolio are: the 14-story, 175,000-square-foot Once Commodore Plaza, at 800...

January 29, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $43.5$36.9$171.3 $114.5 FFO/shr (diluted) $0.85 $0.82 $3.32 $3.22 Net Income (Mln) $30.4 $21.6 $108.9 $78.5 Net/shr$0.60 $0.49 $2.13 $2.25 Revenue (Mln)$83.2 $71.1 $329.8$224.8 Shares Outstanding (Mln)51.0 44.3 51.1 37.5

January 29, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $67.9$58.5 $252$196.1FFO/shr (diluted) $0.99 $0.87 $3.70 $3.22 Net Income (Mln) $44.3$50.2 $170.8 $132.5Net/shr$0.65 $0.76 $2.53 $2.03 Revenue (Mln)$152 $132.7$573.4$507Shares Outstanding (Mln)68.9 66.8 68.1 66.1

January 29, 2001 WOODLAND HILLS, Calif. – Adler Realty Advisors Inc. has purchased the Warner Park Center for about $8.95 million from Equity Office Properties Trust (NYSE:EOP).Equity Office bought the 57,366-square-foot office building in June 2000 as part...

January 29, 2001AUSTIN, Texas – In a move that comes as no surprise, Insignia/ESG has selected SiteStuff Inc. as its Web-based procurement source, and has invested $735,000 in the online procurement site.SiteStuff earlier this month acquired RexOffice.com in...

January 29, 2001 New Ottawa mall's wheels in motion Canoe Money, January 29OTTAWA – Construction could begin as early as this spring on a massive office and retail complex alongside Ottawa's Via Rail station. Facilities Commercial Realty Inc....

January 29, 2001 COLUMBUS, Ohio – Glimcher Realty Trust (NYSE:GRT) has negotiated a three-year extension of its $170 million revolving line of credit.The credit line, which now matures on Jan. 31, 2004, is secured by three Ohio malls:...

January 29, 2001 MOUNT VERNON, Ohio – Glimcher Realty Trust (NYSE:GRT) has received a $9.3 million fixed-rate mortgage refinancing on its Knox Village Square community center.The mortgage, which matures Feb. 1, 2008, has a fixed rate of 7.41...

January 29, 2001 Owners selling Concourse I and IIAtlanta Business Chronicle, January 29ATLANTA – The California Public Employees' Retirement System and Hines have decided to sell mid-rise buildings Concourse I and Concourse II. Cushman & Wakefield is marketing...

January 29, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $9.5$38.6 $53.7 $61.1 FFO/shr $0.25 $0.28 $1.42 $1.59 Net Income (Mln) $20.6 $2.4 $16.3 $29.3 Net/shr$0.52 $0.02 $0.27 $0.61 Revenue (Mln)$46.3 $25.4 $116.8$117.3 Shares Outstanding (Mln)38.0 38.6 38.038.6

January 26, 2001 CHICAGO – CenterPoint Properties Trust (NYSE:CNT) and AMLI Commercial Properties Trust, a private REIT, have agreed to use PropertyFirst.com's technology to market their properties and maintain leasing information for their portfolios.Under the agreement, the REITs...

January 26, 2001 NEW YORK – Standard & Poor's has upgraded several classes of Prudential Securities Secured Finance Corp., 1995-C1, and affirmed ratings on others.The deal's double-A-plus class (class B) was upgraded to triple-A, the single-A-plus class (class...

January 26, 2001 CHICAGO – Nearly 90 percent of SC-U.S. Realty (NYSE:RTY) shareholders voted to go ahead with the firm's merger with Security Capital Group Inc. (NYSE:SCZ).The two companies agreed in September to the merger.As a result of...

January 26, 2001 By Patrick Crowley, Commercial Real Estate Direct Contributing WriterA massive 6,000-acre site in southern Indiana near Louisville, Ky., is being prepared for industrial development.The land in Clark County, Ind., was formerly owned by the federal...

January 26, 2001 Changes at Novartis in Ga. good for developerThe Atlanta Journal-Constitution, January 26Novartis Ophthalmics has signed a long-term lease for the 100,000-square-foot speculative building under construction at 11695 Johns Creek Parkway, in the 1,800-acre mixed-use Johns...

January 26, 2001 (NewsTraders.com) – UBS Warburg analysts Jeff Olson and Stuart Seeley downgraded their investment ratings on a trio of apartment-focused real estate investment trusts Friday based on a revised outlook for the sector.Essex Property Trust (NYSE:ESS)...

January 26, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99(Adj) FFO (Mln) $112.8$82.7$399.5$292.6 FFO/shr (diluted) $0.18 $0.15 $0.52 $0.38 Net Income (Mln) $31.2 $23.5 $99.1 $77.5 (Adj) Net/shr$1.16 $0.98 $4.37 $3.72 Revenue (Mln)$297.5 $184.7 $1,051.0$533.9(Wgt) Shares Outstanding (Mln)70.4 65.8 67.6...

January 26, 2001 NEW YORK – Moody's has upgraded two classes of Credit Suisse First Boston Mortgage Securities Corp. 1997-C2 and affirmed four others.The deal's class B was upgraded to Aa1 from Aa2 while class C went to...

January 26, 2001 Morgan Stanley-ING Barings Ajax-1 CDOClassAmount($mln)Sub.RateRatingS&PRatingMoody'sRatingFitchAvg.LifePriceTalk(BP)BnchMarkA25631.7AAAAAAAAA7.9+73 areaSwapsB3322.9NRA3A-9.8+125 areaSwapsC509.5NRBaa3BBB-11.6+385-395Treas.D*5NANRNRNRNANA NA*Likely will be retained by issuer.

January 26, 2001 C$30 Mln Financing for Cominar REITCanada Newswire, January 26QUEBEC CITY – Cominar REIT has agreed to issue 3 million trust units from treasury on a deal to a syndicate of underwriters led by National Bank...