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 22, 2001 By Brad Berton, Commercial Real Estate Direct Contributing WriterLa Curacao, Southern California's growing hard goods chain, has signed a 15-year lease for just over 100,000 square feet for its next store, at the Pacific Center...

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...

January 22, 2001 Commercial Real Estate Direct Staff ReportAllied Capital Corp. (Nasdaq:ALLC) has filed to sell up to $310.5 million of common stock and debt securities, which will give it added firepower to buy commercial mortgage-backed securities.The Washington...

January 22, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $7.9$9.3 $37.6 $45.2 FFO/shr (diluted) $0.30 $0.34 $1.44 $1.64 Net Income (loss) (Mln) $(3.0) $(9.3) $16.6$16.7 Net/shr$(0.11)$(0.34) $0.63 $0.61 Revenue (Mln)$20.4 $20.7 $87.1 $87.7 Shares Outstanding (Mln)26.0 27.5 27.2...

January 22, 2001 NEW YORK – Stacey L. Wallach has joined Cushman & Wakefield as senior operations executive.Wallach will be responsible for Long Island, N.Y., New York City, Westchester County, N.Y., New Jersey and southern Connecticut.Previously, he served...

January 22, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $25.0$25.4 $99.6 $99.6 FFO/shr (diluted) $0.54 $0.55 $2.16 $2.16 Extra Gain (Loss) $ -- $ -- $1.1 $(.3) Net Income (Mln) $15.7 $16.2 $63.5 $63.1 Net/shr$0.34 $0.35 $1.37 $1.37...

January 22, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $5.9$5.6 $22.9 $21.8 FFO/shr (diluted) $0.66 $0.62 $2.54 $2.43 Net Income (Mln) $4.7 $4.0 $16.3 $14.0 Net/shr$0.52 $0.44 $1.81 $1.56 Revenue (Mln)$7.0 $6.1 $27.3$23.9 Shares Outstanding (Mln)9.0 9.0 9.0...

January 22, 2001 HOUSTON – AMLI Residential (NYSE:AML) will develop and own the AMLI at King's Harbor apartment community, in a joint venture with New York State Common Retirement Fund.The roughly $20 million project will consist of 300...

January 22, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $3.4$3.4 $13.8 $13.6 FFO/shr (diluted) $0.47 $0.48 $1.93 $1.91 Net Income (Mln) $2.0 $2.1 $8.4 $8.7 Net/shr$0.28 $0.30 $1.18 $1.22 Revenue (Mln)$5.7 $5.2 $22.7$20.3 Shares Outstanding (Mln)7.1 7.1 7.1...

January 22, 2001 LAWRENCEVILLE, Ga. – American First Mortgage Investments Inc. (NYSE:MFA) has acquired the Lealand Place Apartments for about $13 million from an Atlanta developer.Lealand Place, at 2945 Cruse Road, is a 192-unit luxury apartment complex consisting...

January 22, 2001 NEW YORK – Standard & Poor revised its outlook on HRPT Properties Trust to stable from negative. The company's other classes have been affirmed.However, S & P said its concerns include higher levels of and...

January 22, 2001MONROVIA, Calif. – Trammell Crow Co.(NYSE:TCC) has brokered two sales totaling 168,000 square feet at the Huntington Drive Tech Corridor.The Stivers Family Trust, a Pasadena-based investor/owner, purchased Huntington Oaks Office Center, an 86,000-sf four-story office building...

January 22, 2001 JACKSONVILLE, Fla. – Regency Realty Corporation (NYSE:REG) has priced a $220 million offering of senior-term notes.The 10-year notes, which mature Jan. 15, 2011, were priced to yield 7.97 percent. They were issued at 99.867 percent...

January 19, 2001PITTSBURGH – The IT Group Inc. (NYSE:ITX) has agreed to sell 105 acres in Contra Costa County in northern California to Houston-based U.S. Development Group Inc. for $12 million.The closing is slated for June 30 and...

January 19, 2001 TEJON RANCH, Calif. – Tejon Ranch Co. (NYSE:TRC) today said the previously publicized offering of rights to purchase shares of its common stock has been successfully completed, and that it will be receiving $30 million...

January 19, 2001 NEW YORK – Fitch has assigned its triple-B-plus rating to Public Storage Inc.'s (NYSE: PSA) offering of $150 million of series Q cumulative preferred stock. The outlook is stable.Deals of other classes have been affirmed....

January 19, 2001 CHATTANOOGA, Tenn. – CBL & Associates Properties Inc. (NYSE:CBL) today received its shareholders' approval to proceed with buying a 23-property retail portfolio for about $1.3 billion.The REIT, which in September agreed to buy the 21...