January 24, 2001(NewsTraders.com) -- Home Properties of New York's (NYSE:HME) lower guidance for future funds from operations, or FFO, spurred analyst Merrill Ross to cut his ranking on the real estate investment trust Wednesday to "accumulate" from "buy."In...

January 24, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $4.7$4.5 $18.1 $17.9 FFO/shr (diluted) $0.36$0.35 $1.42 $1.41 Net Income (Mln) $0.7 $0.6 $2.3 $2.3Net/shr$0.09 $0.07 $0.29 $0.30 Revenue (Mln)$13.2 $13.0 $51.4$50.0 Shares Outstanding (Mln)8.0 7.98.0 7.9

January 24, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $54.3$49.0 $208.7$191.1FFO/shr (diluted) $0.60$0.54$2.32 $2.10 Net Income (Mln) $25.9 $52.2 $121.8 $176.1 Net/shr$0.28$0.58 $1.35 $1.94Revenue (Mln)$132.5$111.5$477.7$448.2 Shares Outstanding (Mln)84.586.384.286.3

January 24, 2001 ANN ARBOR, Mich. – Captec Net Lease Realty (Nasdaq:CRRR) has retained UBS Warburg LLC as financial adviser in connection with a possible sale of the company.UBS Warburg replaces the company's previous adviser, Prudential Securities Inc.,...

January 24, 2001 CRANFORD, N.J. – Mack-Cali Realty Corp. (NYSE:CLI) said its operating partnership affiliate has sold $300 million of 10-year senior unsecured notes.The 7.75 percent notes are due Feb. 15, 2011, and are rated triple-B by Standard...

January 24, 2001 JACKSONVILLE, Fla. – Regency Realty Corp. (NYSE:REG) is changing its name to Regency Centers Corp. effective Feb. 12.After a year of analysis, the company decided that a name change would enhance its brand and position...

January 24, 2001 ORLANDO, Fla. – GE Capital Realty Group has paid $27 million for the Crossroads of Lake Buena Vista, a community shopping center in Orlando, Fla.The 147,214-square-foot shopping center was purchased from Walt Disney World Hospitality...

January 23, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $52.8$49.7 $195.2 $177.0 FFO/shr (diluted) $0.49 $0.47 $1.83 $1.73 Net Income (Mln) $15.0 $19.7 $56.8 $54.3Revenue (Mln)$141.0 $131.3 $533.3$503.8 Shares Outstanding (Mln)74.474.6 74.3 74.5

January 23, 2001 FONTANA, Calif. –PM Realty Advisors has paid $23 million, or just over $34/sf, for two Class-A industrial buildings in California's Inland Empire.The Newport Beach, Calif., institutional pension fund adviser bought the 670,00-square-foot Fontana Industrial Portfolio...

January 23, 2001 Pre-sale reports have been posted for three new commercial mortgage-backed securities transactions.Click on the following links to access them:- Banc of America Large Loan Inc., 2001-FM (The Florida Mall; $270 million; Standard & Poor's)- Office...

January 23, 2001 COLUMBUS, Ohio – Glimcher Realty Trust (NYSE:GRT) sold $44.3 million of assets in 2000, as part of a debt reduction plan, resulting in a net gain of $4.3 million.The REIT sold 10 single-tenant properties, five...

January 23, 2001 (NewsTraders.com) – Observing that EastGroup Properties (NYSE:EGP) is currently attractively valued as compared to its peer group, Merrill Lynch analyst Steve Sakwa initiated coverage on the REIT Tuesday with an accumulate rating for both the...

January 23, 2001 TAMPA, Fla. – Heller Financial has provided a $14.5 million short-term floating rate loan to Ashley Avenue Associates LLC, a subsidiary of Denholtz Associates, to buy the St. Petersburg Times office building.The 177,486-square-foot property, at...

January 23, 2001 BOISE, Idaho – JP Realty Inc. (NYSE:JPR) has received a $79 million, 10-year mortgage loan on the Boise Town Square mall from Chase Manhattan Bank.The fixed-rate loan carries a 30-year amortization with an annual interest...

January 23, 2001 HORSHAM, Pa. – The SEC has given its OK to GMAC Institutional Advisors LLC, the institutional money management arm of GMAC Commercial Mortgage Corp.At the same time, GMAC said it was bolstering the unit by...

January 23, 2001 NEW YORK – Credit Suisse First Boston is leasing about 1.4 million square feet of office space in MetLife's (NYSE:MET) One Madison corporate headquarters building.Terms of the agreement were not disclosed.CSFB will begin leasing in...

January 23, 2001PALO ALTO, Calif. – GlobalStake.com Corp., a former online residential mortgage lender, has shifted its focus to the northern California commercial sector in an effort to become profitable."The current focus will enable us to achieve near-term...

January 23, 2001 LOS ANGELES – A team of well-known Los Angeles real estate brokers is spearheading a new Insignia/ESG office in the Los Angeles South Bay region, which stretches southward from Los Angeles International Airport to Long...

January 23, 2001 AvalonBay Communities Inc. (NYSE:AVB) has acquired two apartment buildings, for $88 million, and sold two other apartment buildings, for $37 million.The Alexandria-Va.-based multifamily REIT purchased Arlington Place in the Chicago area for $49.1 million. The...

January 23, 2001 TIAA-CREF and the New York State Teachers Employee Retirement System have provided a $99 million loan to an investment group headed by the Malkin family of New York for its purchase of a three-building Class-A...

January 23, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $19.1$17.8 $73.3 $70.7 FFO/shr (diluted) $0.62 $0.57 $2.37 $2.20 Net Income (Mln) $16.9 $15.1 $63.9 $45.7 Net/shr$0.63 $0.57 $2.41 $1.65 Revenue (Mln)$48.9$44.1 $189.6 $176.8 Shares Outstanding (Mln)26.7 26.6 26.5...

January 23, 2001 SAN FRANCISCO – LoopLender.com, the financing arm of LoopNet Inc., has expanded its products and services.LoopLender has added Mortgage Tools Center, a live interest rate monitor that provides real-time Treasury and Libor interest rates that...

January 23, 2001 Cornelius, N.C., project to combine condos, shops, officesThe Charlotte (N.C.) Observer, January 23CORNELIUS, N.C. – Lake Properties Ltd. is planning a $50 million office-retail-residential project near The Peninsula golf course community. The project will include...

January 22, 2001 RALEIGH, N.C. – Winston Hotels Inc. (NYSE:WXH) has swapped a portion of the outstanding floating rate debt on its credit line for a lower fixed rate over the next two years.Wachovia Bank NA replaced the...

January 22, 2001 26-story Bayshore project approved The Tampa Tribune, January 22HYDE PARK NORTH, Fla. – One Bayshore will proceed with a 482-apartment complex with retail and office space. The 26-story project will be located on Bayshore Boulevard...