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

November 16, 2000 NEW YORK – Fitch has issued iStar Asset Services a primary servicer rating of CPS3 and a master servicer rating of CMS3. The primary servicer rating reflects the company's ability to effectively service commercial mortgage...

November 16, 2000 Plans for tower ditched in favor of 2 buildingsAtlanta Journal-Constitution, November 16ATLANTA – Hines has scrapped plans to building a 42-story office tower to develop two 15- to 18-story office buildings that each contain about...

November 16, 2000 First Union National Bank Commercial Mortgage Trust 2000-C2ClassAmount($mln)Sub. Level(%)RatingFitchRatingS&PAvg.LifePriceTalk(BP)Priced(BP)BenchMarkA-1187.423.5AAAAAA5.8+28 area+28SwapsA-2686.823.5AAAAAA9.7+40 area+40SwapsB55.718.625AAAA9.9+55 area+55SwapsC42.814.875AA9.9+70 area+70SwapsD17.113.375A-A-9.9+80 area+80SwapsE18.611.75BBB+BBB+9.9+110 area+115SwapsF17.110.25BBBBBB9.9+120 area+125SwapsG14.3.59BBB-BBB-9.9S+160 areaT+290--X*1,1430AAAAAA9.15+350**+365**Curve* Interest only, notional amount.** At 100 percent CPR. The junior classes were retained by First Union.Classes H, J,...

November 16, 2000 ROCKVILLE, Md. – Judge Duncan W. Keir has ruled that Criimi Mae's reorganization plan meets all standards of the bankruptcy code.The judge will confirm Criimi's plan after the company submits a proposed confirmation order, which...

November 16, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$2.2 $2.5 $6.7 $7.3 FFO/shr (diluted)$0.28 $0.38 $0.97 $1.11 Net Income (mln) $(0.2) $0.6 $0.7 $1.8 Net/shr$(0.03) $0.11 $0.12 $0.33 Revenue (mln)$5.6 $3.8 $14.5 $11.1 Shares Out. (mln)6.65.6 5.95.5

November 16, 2000 WALTHAM, Mass. – Polaroid Corp. has hired Grubb & Ellis Co. to market its four-building office and manufacturing.The 536,000-square-foot complex could fetch "in excess of $100 million," Grubb & Ellis' senior vice president, Jack Kerrigan,...

November 16, 2000 NEW YORK – Fitch has upgraded CapMark Services' master servicer rating to CMS1 from CMS2, and its primary servicer rating to CPS1 from CPS2.Fitch credited CapMark's continued commitment to technology and the CMBS market as...

November 16, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$13.9 $26.2 $36.0 $81.1 FFO/shr (diluted)$0.15 $0.38 $0.35 $1.12 Net Income $(18.8) $0.5 $(57.6) $16.6 Net/shr$(0.43) $0.01 $(1.32) $0.06 Revenue (mln)$71.4 $76.9 $212.8 $230.8 Shares Out. (mln)54.4 54.2 54.3 55.6

November 16, 2000 SAN MATEO, Calif. – Franklin Select Realty Trust (OTC BB:FSNR) has declared a a final liquidating distribution of $1.24 per share. The distribution will be paid on Dec. 11 to shareholders of record Dec. 1....

November 16, 2000 NEW YORK – Standard & Poor's has upgraded two classes in Credit Suisse First Boston Mortgage Securities Corp.'s 1998-FL1 commercial-mortgage and affirmed class AX.The rating agency raised class B to triple-A from double-A-minus and class...

November 16, 2000 (NewsTraders.com) – Banyan Strategic Realty Trust (Nasdaq:BSRTS) was marked down to hold from buy Thursday by McDonald Investments analyst Anatole Pevnev.Pevnev said he downgraded the Chicago-based REIT primarily due to its impending liquidation, which has...

November 16, 2000 LOS ANGELES – The California Public Employees' Retirement System will invest an additional $250 million in California urban real estate.The investment, through the California Urban Real Estate Initiative, was one of many decisions made at...

November 16, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$7.0 $2.8 $13.3 $7.8 FFO/shr (diluted)$0.37 $0.35 $1.09 $0.98 Net Income $5.6 $1.8 $9.9 $5.2 Net/shr$0.20 $0.23 $0.94 $0.87 Revenue (mln)$28.1 $8.6 $48.7 $24.7 Shares Out. (mln)18.8 8.0 12.2 8.0

November 16, 2000 NEW YORK – Equity Office Properties Trust (NYSE:EOP) yesterday priced $1 billion of debt in two parts through lead manager Morgan Stanley Dean Witter.The issue was increased from an original $800 million amount.Goldman Sachs co-lead...

November 16, 2000 ATLANTA – Lodgian Inc. (NYSE:LOD) said it will report its third-quarter financial results on or about Nov. 30 and will file those results with regulators by Dec. 15.The delay – the third quarter ended Sept....

November 16, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$3.8 $1.9 $12.3 $5.0 FFO/shr (diluted)$0.32 $0.34 $1.02 $0.92 Net Earnings $1.6 $0.82 $5.2 $3.0 Net/shr$0.15 $0.17 $0.47 $0.63 Revenue (mln)$8.8 $14.9 $24.9 $40.0 Shares Out. (mln)----- ----- ---- ----

November 16, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99Net Earnings $28.0 $29.4 $92.7 $70.3 Net/shr$0.22 $0.24 $0.72 $0.73 Rental Revenue (mln)$75.8 $65.2 $219.7 $159.9 Shares Out. (mln)130.2 121.7 ------ ------

November 16, 2000 AMI Capital Inc. has provided a $14.9 million construction/permanent loan for a 220-unit apartment complex in suburban Denver.The loan allows for the construction of Westridge in Aurora, Colo. The complex is expected to be completed...

November 16, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$0.42 $0.32 $1.2 $0.92 FFO/shr (diluted)$0.17 $0.16 $0.52 $0.52 Extra Gain (Loss) $2.6 $---- $2.6 $---- Net Income (mln) $2.4 $0.30 $2.6 $133.3 Net/shr$0.95 $0.02 $1.13 $0.08 Revenue (mln)$1.9 $1.7...