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, 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 (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 (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 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 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 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 31, 2000 CHICAGO – A Cook County Circuit Court judge has ruled against Metropolitan Life in its effort to get the Kennedy family to pay a $47.5 million prepayment penalty resulting from its sale of Chicago's Merchandise...

October 31, 2000 CHICAGO – A syndicate of banks led by Bank of America has provided $150 million of construction financing for Grand Plaza, a retail and residential development in Chicago's River North area.BofA provided the financing and...

October 31, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$64.4 $56.7 $187.2 $161.6 FFO/shr (diluted)$1.01 $0.92 $2.99 $2.64 Extra Gain (Loss) $0.43 $0.25 $2.1 $0.25 Net Income $51.5 $45.6 $151.2 $127.5 Net/shr$0.71 $0.64 $2.12 $1.77 Revenue (mln)$115.7 $106.0 $343.1...

October 31, 2000 SunTrust relinquishes office tower to lenderThe Tennessean, October 31NASHVILLE, Tenn. – SunTrust Bank has relinquished its office tower to its lender, Pittsburgh-based Cigna Corp. The transaction is valued at $58.6 million, which represents the amount...

October 31, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$85.3$65.7 $238.3 $189.1FFO/shr (diluted)$1.10 $0.87 $3.10 $2.54 Net Income $101.5 $39$218.3 $113.3 Net/shr$1.49 $0.60 $3.25 $1.76 Revenue (mln)$194.1 $164.6$547.6$474Shares Out. (mln)77.5 75.3 76.9 74.5

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...

October 30, 2000 Can't figure all of this one out, mz 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99Net Income (mln) $(7.4) $2.2 $(5.6) $5.8 Net/shr$(0.92) $0.27 $(0.70) $0.72 Shares Out. (mln) 8.1 8.1 8.1 8.1

October 30, 2000Fannie Mae and Freddie Mac 10-year paper tightened by three basis points last week as a result of an agreement between the two agencies and the House Banking and Financial Services Subcommittee on Capital Markets that...

October 30, 2000 Equity Office Properties Trust (NYSE:EOP) is estimating that funds from operations for this year should be in the range of $2.84-$2.86/share.The REIT, which today reported FFO of 72 cents/share for the third quarter, up from...

October 30, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$49.2 $44.1 $142.4 $127.3 FFO/shr (diluted)$0.46 $0.43 $1.34 $1.26 Extra Gain (Loss) $---- $----- $----- $(2.0) Net Income (mln) $13.3 $13.6 $43.8 $34.6 Revenue (mln)$134.6 $120.0 $392.3 $372.5 Shares Out....

October 30, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$6.7 $6.3 $20.0 $19.8 FFO/shr (diluted)$0.37 $0.34 $1.10 $1.04 Net Earnings $3.0 $2.9 $9.4 $9.3 Net/shr$0.23 $0.20 $0.68 $0.65 Revenue (mln)$14.2 $13.2 $42.6 $39.5 Shares Out. (mln)18.2 18.7 18.1 18.7