October 31, 2000 NEW YORK – Deutsche Banc Alex. Brown analyst Amy Young on Monday initiated coverage of Boston Properties Inc. (NYSE:BXP) with a strong buy investment rating on the shares and a 12-month stock price target of...

October 31, 2000 Legacy Hotels to buy 2 Canadian landmark hotelsCanadian Newswire, October 31TORONTO – Legacy Hotels Real Estate Investment Trust will acquire Le Ch?teau Frontenac and The Empress hotels for C$305 million (US$199 million) from Canadian Pacific...

October 31, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$26.4 $26.6 $79.6 $78.8 FFO/shr (diluted)$0.66 $0.67 $1.97 $1.97 Net Income $20.2 $20.2 $61.8 $61.6 Net/shr$0.46 $0.47 $1.42 $1.42 Revenue (mln)$49.6 $46.5 $147.7 $137.8Shares Out. (mln)40.3 40 40.3 39.9

October 31, 2000 CHICAGO – Rodamco North America NV (Amex: RDMA) has completed its tender offer for all outstanding shares of Urban Shopping Centers Inc. (NYSE:URB) for $48 per share in cash. A total of 20 million Urban...

October 31, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$22.5 $23.7 $67.6 $66.7 FFO/shr (diluted)$0.75 *$0.73 *$2.21 *$2.03 *Extra Gain (Loss) $19.3 $4.0 $19.3 $4.7 Net Income $25.6 $15.3 $48.4 $36.2 Net/shr$1.00 $0.49 $1.72 $1.10 Revenue (mln)$60.3 $62.9 $181.4...

October 31, 2000By Brad Berton, Commercial Real Estate Direct Contributing EditorThe Rome Group/CRESA, the Washington, D.C.-area affiliate of CRESA (Corporate Real Estate Service Advisors) Alliance's tenant representation network, is the latest alliance member to merge its operations into...

October 31, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$16.1 $14.1 $37.9 $35.4 FFO/shr (diluted)$0.87 $0.76 $2.04 $1.92 Net Income $7.7 $6.2 $13.1 $13.9 Net/shr$0.45 $0.40 $0.77 $0.91 Revenue (mln)$26.6 $23.6 $66.4 $60.4 Shares Out. (mln)17.0 15.3 17.0 15.3

October 31, 2000 (NewsTraders.com) – Prudential Securities analyst Lou Taylor upgraded Equity Office Properties Trust (NYSE:EOP) to strong buy from accumulate today after the REIT reported in-line earnings for the third quarter.Equity Office, a Chicago-based office building owner,...

October 31, 2000 (NewsTraders.com) – Viewing Mission West Properties (AMEX:MSW) as the only pure-play REIT in Silicon Valley – the country's "hottest commercial market" – CIBC World Markets initiated coverage of the company with a buy rating and...

October 31, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$42.4 $44.3 $133.0 $132.4 FFO/shr (diluted)$0.34 $0.36 $1.08 $1.06 Net Income $11.2 $10.4 $26.6 $52.4 Net/shr$0.11 $0.10 $0.26 $0.50 Revenue (mln)$154.6 $155.5 $463.8 $463.7 Shares Out. (mln)123.3 124.1 123.2 124.6

October 31, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$10.7 $10.4 $32.4 $31.7 FFO/shr (diluted)$0.31 $0.29 $0.93 $0.88 Extra Gain (Loss) $.65 $---- $3.4 $2.5 Net Earnings $6.7 $6.2 $22.3 $21.3 Net/shr$0.21 $0.19 $0.69 $0.64 Revenue (mln)$21.7 $20.8 $64.6...

October 31, 2000 NEW YORK – Teachers Insurance and Annuity has sold a $487 million portfolio of commercial mortgages to Morgan Stanley Dean Witter.The portfolio, which was brokered by Jones Lang LaSalle, is comprised of loans on 18...

October 31, 2000 HORSHAM, Pa. – GMAC Commercial Mortgage has arranged three loans totaling more than $28 million for three retail properties, totaling 269,107 square feet in New England.The permanent financing includes a cross collateralization and cross default...

October 31, 2000 Greenlight Capital LLC has upped its investment in Insignia Financial Group Inc. (NYSE:IFS) to a 7.4 percent stake with control over 1.6 million shares in the firm.The investment management firm, managed by David Einhorn and...

October 31, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$8.9 $9.3 $24.8 $25.3 FFO/shr (diluted)$0.49 $0.51 $1.36 $1.40 Extra Gain (Loss) $(.59) $(.24) $(.85) $(.24) Net Income $6.6 $6.8 $3.0 $14.0 Net/shr$0.29 $0.21 $(0.13) $0.54 Revenue (mln)$19.2 $16.6 $39.8...

October 31, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$23.2 $17.0 $61.4 $41.3 FFO/shr (diluted)$0.23 $0.18 $0.62 $0.46 Net Income $3.3 $2.2 $8.9 $4.1 Net/shr$0.20 $0.13 $0.52 $0.37 Revenue (mln)$30.8 $24.6 $83.2 $52.9 Shares Out. (mln)17.0 16.7 17.0 11.1

October 31, 2000 COLUMBUS, Ohio – Scott T. McCarthy has been named senior vice president of development at Glimcher Development Corp., an affiliate of Glimcher Realty Trust (NYSE: GRT). McCarthy will oversee the development of current and future...

October 31, 2000 NEWTON, Mass. – Senior Housing Properties Trust (NYSE:SNH) has sold four independent-living properties for $123 million. The properties were sold to an affiliate of Brookdale Living Communities Inc., which leases them. They contain 829 units...

October 30, 2000 MortgageRamp will provide a commercial loan origination platform for America's Community Bankers, an organization that represents the nation's community banks of all charter types and sizes.The agreement allows MortgageRamp to integrate its technology with ACB's...

October 30, 2000 BOSTON – State Street Corp. has contracted to use Trepp LLC's CMBS cash flow data on its online marketplace for fixed-income securities.Advanced Auctions LLC, a State Street business, has agreed to use Trepp's modeling and...

mzb 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$2.0 $2.1 $6.0 $6.5 FFO/shr (diluted)$0.35 $0.35 $1.05 $1.08 Net Income $0.57 $0.67 $1.6 $2.1 Net/shr$0.10 $0.12 $0.29 $0.36 Revenue (mln)$8.5 $8.3 $25.4 $25.2 Shares Out. (mln)7.4 7.6 7.4 7.6

October 30, 2000 CHICAGO – General Growth Properties Inc. (NYSE:GGP) and JMB Realty Corp. are leading an investment team that is trying to help reorganize Liberty House Inc., a premier department store chain in Hawaii that is operating...

October 30, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$250.2 $184.3 $649.0 $550.7 FFO/shr (diluted)$0.72 $0.63 $2.10 $1.89 Extra Gain (Loss) $(.004) $------ $.37 $.008 Net Income $130.6 $.82 $319.5 $247.8 Net/shr$0.34 $0.32 $1.18 $0.95 Revenue (mln)$641.3 $491.4 $1,607.0...

October 30, 2000NEWARK, N.J. – Prudential Mortgage Capital Co. said affiliate Prudential Securities' plans to withdraw from the institutional fixed-income business would have no effect on its real estate capital markets business."We remain committed to the capital markets...

October 30, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln) $9.6 $7.8 $27.7 $23.2 FFO/shr (diluted)$0.30 $0.27 $0.86 $0.79 Net Income (mln) $3.6 $4.0 $11.0 $11.1 Net/shr$0.15 $0.16 $0.43 $0.53 Revenue (mln)$28.0 $20.5 $80.3 $58.5 Shares Out. (mln) 32.0...