November 2, 2000 CHICAGO – Equity Residential Properties Trust (NYSE:EQR) has completed its $461 million acquisition of Grove Property Trust (Amex: GVE).The merger, first agreed to this summer, adds Grove's 62 properties consisting of 7,526 units to Equity...

November 2, 2000 Software maker inks $35 Mln leaseDaily Business Review, November 2FORT LAUDERDALE, Fla. – Citrix Systems Inc., a specialty software maker, has signed a 10-year, $35 million lease for the entire 138,140-square-foot Class-A Cambridge Executive Center...

November 2, 2000 U.S. firm leases space in East VancouverVancouver Sun, November 2VANCOUVER – Redback Networks Inc., a U.S. high-tech company, has signed a 10-year lease for about 42,230 square feet of office space in the $200 million...

November 2, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$78.0 $85.0 $255.3 $243.6 FFO/shr (diluted)$0.48 $0.51 $1.56 $1.48 Net Income $29.8 $38.0 $78.0 $90.9 Net/shr$0.19 $0.24 $0.49 $0.57 Revenue (mln)$282.8 $302.8 $902.2 $867.2 Shares Out. (mln)155.7 154.0 166.3 169.8

November 2, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$17.8 $16.4 $51.0 $47.2 FFO/shr (diluted)$0.72 $0.67 $2.07 $1.92 Net Income $15.2 $9.0 $57.3 $99.0 Net/shr$0.77 $0.42 $3.02 $1.18 Revenue (mln)$34.1 $33.9 $99.1 $97.3 Shares Out. (mln)NA NA NA NA

November 2, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$51.2 $45.5 $149.6 $116.2 FFO/shr (diluted)$0.65 $0.58 $1.92 $1.72 Extra Gain (Loss) $15.2 $10.1 $21.9 $10.1 Net Income $30.1 $21.5 $68.8 $44.0 Net/shr (Class B shrs)$0.53 $0.41 $1.28 $0.95 Revenue...

November 2, 2000 LOS ANGELES – Bovis Lend Lease has appointed Thomas M. Miller to principal-in-charge of the Los Angeles office.Previously, Miller was the regional director for Bovis in North Asia, where he was responsible for the company's...

November 2, 2000NEW YORK – Cendant Corp. (NYSE:CD) has agreed to acquire all of the outstanding common stock of Fairfield Communities Inc. (NYSE:FFD) for $15 per share, or about $635 million in cash and stock.Cendant, a hotel franchise...

November 2, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$14.2 $14.9 $38.5 $39.0 FFO/shr (diluted)$0.76 $0.81 $2.07 $2.13 Net Income $5.5 $7.1 $14.4 $16.6 Net/shr$0.32 $0.42 $0.83 $0.97 Hotel Revenue (mln)$81.5 $80.4 $233.2 $229.7 Shares Out. (mln)17.3 17.1 17.3...

November 2, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$79.1 $69.7 $225.0 $184.5 FFO/shr (diluted)$1.06 $0.97 $3.03 $2.80 Extra Gain (Loss) $----- $1.5 $------ $3.3 Net Income $25.2 $17.6 $69.2 $44.4 Net/shr$0.48 $0.35 $1.33 $1.01 Revenue (mln)$272.9 $226.8 $792.6...

November 2, 2000 NEW YORK – Lend Lease Real Estate Investments Inc.'s Value Enhancement Fund IV said that its pending purchase of a 30-property portfolio from American Industrial Properties (NYSE:AIP) totals more than 2.8 million square feet.The portfolio...

November 2, 2000 SOUTH PLAINFIELD, N.J. – Wells Real Estate Investment Trust has acquired a 236,710-square-foot Class-A office building for $33.7 million from a partnership formed by the Archon Group.The three-story building, at 1111 Durham Ave., is 100...

November 1, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$30.6 $27.8 $90.6 $81.5 FFO/shr (diluted)$0.65 $0.61 $1.88 $1.81 Extra Gain (Loss) $9.5 $3.5 $9.6 $3.5 Net Income $19.8 $11.1 $41.2 $26.1 Revenue (mln)$73.1 $70.2 $216.7 $212.6 Shares Out. (mln)47,381.6...

November 1, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorWells Fargo & Co. has emerged as the winning bidder for an 83,131-square-foot office building in Santa Ana, Calif., that it occupies as sole tenant.Wells has agreed...

November 1, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$4.3 $4.7 $13.1 $13.7 FFO/shr (diluted)$0.46 $0.50 $1.38 $1.44 Extra Gain (Loss)$(1.3) $(.13) $(2.9) $(.67) Net Income $4.7 $3.9 $13.3 $10.8 Net/shr$0.49 $0.41 $1.39 $1.14 Revenue (mln)$6.9 $7.3 $21.6 $21.5...

November 1, 2000 Commercial Real Estate Direct Staff ReportNorth American Van Lines has leased 176,435 square feet of warehouse space at the Legacy Stone Business Park in Poway, Calif., in northern San Diego County.The seven-year deal with landlord...

November 1, 2000 (NewsTraders.com) –- United Dominion Realty (NYSE:UDR) received a demotion in its investment grade to intermediate-term neutral from accumulate from Merrill Lynch analyst Steve Sakwa, who cited "uncertainty associated with the strategy and management changes taking...

November 1, 2000By Brad Berton, Commercial Real Estate Direct Contributing EditorBixby Land Co., a century-old Southern California real estate developer, has paid $26 million, or $173/sf, for three office buildings in southern Orange County.The three buildings, each of...

November 1, 2000 NEW YORK – Cornerstone Real Estate Advisors, a unit of Mass Mutual Life Insurance Co., has sold a pre-war office building in midtown to Macklowe Properties for $22 million, or about $310/sf.Macklowe had been managing...

November 1, 2000 DALLAS – The Staubach Co. has expanded its coverage of Latin America and the Caribbean through two new partnerships."The growing transnational needs of our clients have led us to establish a formal presence in the...

November 1, 2000 (NewsTraders.com) – Through a spate of recent open market stock purchases, entities affiliated with Fortress Partners LP have recently increased their ownership stake in Capstead Mortgage Corp. (NYSE:CMO) to 32.9 percent from the 31.2 percent...

November 1, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$10.0 $9.1 $29.8 $27.6 FFO/shr (diluted)$1.00 $0.89 $2.99 $2.70 Extra Gain (Loss) $----- $------ $9.5 $.86 Net Income $5.0 $4.6 $24.3 $14.8 Net/shr$0.51 $0.45 $2.47 $1.46 Revenue (mln)$30.2 $29.9 $91.1...

November 1, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$8.6 $8.6 $26.5 $24.1 FFO/shr (diluted)$0.58 $0.57 $1.79 $1.68 Net Income $5.9 $6.2 $18.6 $17.1 Net/shr$0.40 $0.41 $1.25 $1.19 Revenue (mln)$13.7 $12.5 $41.7 $36.0 Shares Out. (mln)14.7 15.1 14.8 14.4

November 1, 2000By Brad Berton, Commercial Real Estate Direct Contributing EditorWestlodge Hospitality has sold four development sites in Albuquerque, Phoenix, Ariz., Santa Fe, N.M., and its hometown of San Diego.Westlodge, a division of Houston-based Westmont Hospitality Group, inherited...

November 1, 2000 TORONTO – Legacy Hotels REIT (TSE:LGY) is buying two historic luxury hotels from Canadian Pacific Hotels & Resorts Inc. for C$305 million (US$199.2 million) in cash and stock.Legacy is buying The Empress in Victoria, B.C.,...