November 20, 2000 NEW YORK – Standard & Poor's has lowered Highwoods Properties' corporate rating to triple-B-minus from triple-B and its preferred stock rating to double-B-plus from triple-B-minus in part because of the REIT's exposure to markets that...

November 20, 2000 Essex Realty Management Inc. of Costa Mesa, Calif., has been selected by A&B Properties to manage its 895,000-square-foot Ontario Distribution Center complex in the Inland Empire of Southern California.The contract, one of the largest awarded...

November 20, 2000 Special to Commercial Real Estate DirectSANTA ANA, Calif. – Werdin Corp. has teamed up with Hanover Financial to develop a 101,000-square-foot industrial complex in Santa Ana, Calif. – the first such undertaking in Orange County's...

November 20, 2000DENVER – Bedford Property Investors Inc. (NYSE:BED) has acquired a 165,191-square-foot office complex for $21.5 million, or $130/sf. The complex is about one quarter mile southwest of the company's 206,000-square-foot Waterpark @ Briarwood project.The property is...

November 20, 2000 NEW YORK – Clarion Partners paid $21.2 million, or nearly $125/sf, for the Offices at Kensington in Sugar Land, Texas. The fully leased property consists of two 85,000-square-foot office buildings on Highway 6 just north...

November 20, 2000 SAN FRANCISCO – The Martin Group has put 600 Battery St., a 112,208-square-foot building, on the market for $45 million, or $401/sf.Grubb & Ellis is listing the building, which is 100 percent occupied, according to...

Correction (November 22, 2000): Northwest Mutual Life Insurance Co. provided a $12.3 million mortgage for the Rock Creek Village Shopping Center in Rockville, Md. Cassidy & Pinkard, which arranged the financing, misidentified the lender in a news release,...

November 20, 2000 (NewsTraders.com) -- Arden Realty (NYSE:ARI) is "comfortable" with current First Call estimates that have the company posting fourth-quarter and full-year 2001 funds from operations per share of $0.73 and $3.02, respectively, according to a regulatory...

November 17, 2000 CHICAGO – Wexford Bancgroup has provided $19 million of construction financing for a proposed condominium redevelopment in Brooklyn, N.Y.The financing will be used to develop 169 luxury condominium units and 60,000 square feet of retail...

November 17, 2000 NORTH HUNGTINGDON, Pa. – Developer Jim Aiello has proposed developing 305 acres near Route 30 and the Pennsylvania Turnpike with lakefront hotels and restaurants, offices and nearly 1 million square feet of retail space. The...

November 17, 2000 BayWalk dreams become realityThe Tampa Tribune, November 17ST. PETERSBURG, Fla. – The Sembler Co., and venture partner Redevelopment Partners Inc. have completed the $40 million BayWalk project featuring 150,000 square feet of retail and entertainment...

November 17, 2000 MIAMI BEACH, Fla. – Equity One Inc. (NYSE:EQY) has named Doron Valero as president.Prior to his appointment, Valero served as the company's senior vice president and chief operating officer since 1994. Equity One also has...

November 17, 2000 CHARLESTON, S.C. – Golf Trust of America Inc. (AMEX:GTA) plans to sell three golf courses in Palm Beach, Fla., for $35 million to affiliates of Emerald Dunes Golf Group, which leases the courses.The properties are...

November 17, 2000 NEW YORK – Commercial mortgage backed securities outperformed corporate bonds during the 1990s in terms of default rates, according to a report by Fitch.The report, "Comparing CMBS and Corporate Bond Defaults," attributed the strong CMBS...

November 17, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$16.1 $16.0 $40.0 $48.3 FFO/shr (diluted)$0.58 $0.57 $1.43 $1.73 Extra Gain (Loss) $2.0 $3.9 $6.4 $3.9 Net Income (mln) $9.3 $11.5 $20.5 $28.4 Net/shr$0.35 $0.43 $0.76 $1.05 Revenue (mln)$41.8 $40.5...

November 17, 2000 First Commercial Corp. has formally launched FirstLiquidity.com, an online trading platform for commercial mortgages. The Web site currently has more than $130 million in performing mortgages posted for sale. The 95 loans divided into nine...

November 17, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$1.9 $1.7 $5.9 $5.1 FFO/shr (diluted)$0.27 $0.23 $0.80 $0.70 Net Income (mln) $1.3 $1.1 $4.1 $3.3 Net/shr$0.18 $0.15 $0.55 $0.45 Revenue (mln)$4.7 $4.5 $13.9 $13.2 Shares Out. (mln)7.3 7.3 7.3...

November 17, 2000 Commercial Real Estate DirectThe California Public Employees' Retirement System and Houston-based real estate developer Hines have received $130 million in fixed-rate financing for Fifty Fremont Center, a 41-story Class-A office tower in San Francisco's financial...

November 17, 2000 ARLINGTON, Va. – Charles E. Smith Residential Realty Inc. (NYSE:SRW) has acquired two multifamily properties, one in Florida and the other in Virginia, for $58 million.The multifamily REIT purchased the 240-unit New River Village apartment...

November 17, 2000 BOSTON – The Debt Exchange Inc. has added William Mitchell as vice president of business development.Mitchell, who most recently managed part of Wells Fargo Bank's conduit lending program, had overseen the disposition of $1.3 billion...

November 17, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99Net Income (mln) $(253.1)* $46.0 $(357.9) $79.5 Net/shr$(2.14) $0.39 $(3.02) $0.69 Revenue (mln)$43.9 $69.3 $72.0 $203.1 Shares Out. (mln)118.5 118.3 118.4 114.5 *Includes non-cash charges which total $204.5 mln and include:...

November 17, 2000 OAK BROOK, Ill. – CenterPoint Properties Trust (NYSE:CNT) is raising $63.2 million through the sale of common stock at $43.25/share.The offering, a rarity for a REIT these days, will be lead managed by Lehman Brothers...

November 16, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$24.4 $19.9 $64.5 $57.0 FFO/shr (diluted)$1.24 $1.03 $3.31 $2.96 Net Income $10.9 $8.5 $27.4 $23.6 Net/shr$0.67 $0.53 $1.70 $1.48 Revenue (mln)$44.6 $40.2 $126.2 $116.0 Shares Out. (mln)19.6 19.3 19.5 19.2

November 16, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$(1.1) $7.3 $7.9 $30.7 FFO/shr (diluted)$(0.04) $0.23 $0.25 $0.83 Net Income (mln) $(39.1) $9.1 $(42.9) $11.8 Net/shr$(1.21) $0.28 $(1.33) $0.37 Revenue (mln)$31.5 $31.6 $93.6 $101.1 Shares Out. (mln)32.3 32.1 32.3...

November 16, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$1.7 $1.6 $5.2 $4.6FFO/shr (diluted)$0.34 $0.32 $1.02 $0.89 Net Income $0.6 $0.5 $2.0 $1.5 Net/shr$0.12 $0.10 $0.38 $0.29 Revenue (mln)$5.9 $5.7 $17.6 $15.7 Shares Out. (mln)5.1 5.2 5.1 5.2