October 30, 2000 NEW YORK – Standard & Poor's today revised its outlook on Mack-Cali Realty Corp. and its operating partnership to stable from negative. In June, S&P placed a negative outlook on the office REIT's ratings in...

October 30, 2000 Residential tower set for BuckheadAtlanta Business ChronicleATLANTA – Westwood Properties, along with its investor partners, plans to spend about $30 million to build an eight- to 14-story residential/retail complex at 2171 Peachtree Road. Plans call...

October 30, 2000 IRVING, Texas – FelCor Lodging Trust Inc. (NYSE:FCH) is offering up to $400 million in exchange for FelCor LP's 9.5 percent senior notes due 2008.The notes were issued and sold on Sept. 15. The outstanding...

October 27, 2000 Midland Loan Services Inc. has agreed to buy Univest Financial Group LLC, a technology firm that has developed an Internet-based commercial loan-servicing software package.Terms of the deal were not disclosed.The acquisition gives Midland, a unit...

October 27, 2000 (NewsTraders.com) – Prudential Securities analyst Lou Taylor today upgraded Charles E. Smith Residential Realty (NYSE:SRW) to "accumulate" from "hold" and hiked his price target for the REIT to $46 from $44.On Wednesday, the Crystal City,...

October 27, 2000 Fitch IBCA, Duff & Phelps' commercial real estate group, has launched a quarterly newsletter in an effort to improve communications with commercial mortgage-backed securities and REIT investors.Topics covered in the newsletter: a recap of a...

October 27, 2000 By Paul Gereffi, Commercial Real Estate Direct CorrespondentORLANDO- Swerdlow Real Estate Group, which is developing the Orlando Millennium Plaza, is offering for sale 14 acres of land next to the shopping center.The parcel was to...

October 27, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln) $17.1 $19.9 $44.3 $50.5 FFO/shr (diluted)$0.45 $0.52 $1.17 $1.31 Net Income (mln) $5.2 $7.8 $(4.3) $5.1 Net/shr$0.10 $0.17 $(0.25) $0.00 Revenue (mln)$29.4 $30.5 $67.2 $69.5 Shares Out. (mln) 38.0...

October 27, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99Net Earnings (mln) $3.3 $6.2 $11.0 $18.4 Net/shr$0.12 $0.22 $0.40 $0.63 Shares Out. (mln) 21.4 22.0 21.4 22.0

October 27, 2000 Banc of America Securities LLC has provided Forest City Ratner Cos. with a $200 million financing package for two newly constructed hotels in New York City.Banc of America worked with Financial Structures Ltd., a Bermuda...

October 27, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln) $39.5 $38.4 $116.4 $113.7 FFO/shr (diluted)$0.88 $0.81 $2.60 $2.37 Extra Gain (Loss) $16.4 $2.3 $18.4 $3.0 Net Income (mln) $30.5 $15.9 $58.5 $47.1 Net/shr$0.72 $0.32 $1.30 $0.94 Revenue (mln)$102.4...

October 27, 2000 Projects underscore emergence of office market in Midtown AtlantaThe Atlanta Journal-Constitution, October 27 ATLANTA – Holder Properties has started construction on a 14-story, 400,000-square-foot office building, one of three new office projects in midtown. Scheduled...

October 27, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln) $3.7 $3.7 $11.2 $10.6 FFO/shr (diluted)$0.60 $0.60 $1.79 $1.71 Net Income (mln) $3.0 $3.4 $9.0 $9.2 Net/shr$0.48 $0.54 $1.46 $1.49 Revenue (mln)$9.9 $8.6 $28.4 $24.5 Shares Out. (mln) 6.3...

October 27, 2000 DLJ Commercial Mortgage Corp., Series 2000-CKP1ClassAmount ($mln)Sub. Level (%)Rating FitchRating Moody'sAvg. LifePrice Talk(BP)Priced(BP)BenchMarkA-1A210.522.5AAAAaa5.7+28-29+281.-mo. LiborA-1B789.822.5AAAAaa9.6+39 area+391.-mo. LiborA-251.618.5AAAa29.8+56 area+561.-mo. LiborA-358.114AA29.8+71 area+721.-mo. LiborA-416.112.75A-A39.8+81 area+821.-mo. LiborB-116.111.5BBB+Baa19.9+220-225+230Treas.B-225.89.5BBBBaa29.9+230-235+235Treas.B-36.59BBB-Baa39.9+265-270+280Treas.X*91.8--AAAAaa--NANATreas. *Interest only, notional amount.

October 27, 2000 (NewsTraders.com) – Predicting that the strong core growth displayed by Archstone Communities Trust (NYSE:ASN) in recent quarters should continue, First Union Securities analyst Stephen Swett today upgraded the REIT to "strong buy" from "buy."Swett left...

October 27, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln) $8.1 $6.6 $24.0 $21.4 FFO/shr (diluted)$0.31 $0.26 $0.92 $0.82 Extra Gain (Loss) $(.21) $------ $(.19) $------ Net Income (mln) $(3.8) $(2.6) $(7.7) $(6.7) Net/shr$NA $NA $NA $NA Revenue (mln)$40.8...

October 27, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln) $97.7 $87.5 $279.3$228.9 FFO/shr (diluted)$0.57 $0.52 $1.64 $1.48 Revenue (mln)$175.8 $175.4$515.8$462.7Shares Out. (mln)178.7176.3 178.6 164.1

October 27, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln) $4.1 $4.2 $8.4 $12.5 FFO/shr (diluted)$0.44 $0.44 $0.91 $1.33 Net Income (mln) $.62 $.72 $1.4 $3.3 Net/shr$0.12 $0.14 $0.29 $0.82 Revenue (mln)$10.3 $10.3 $34.6 $33.8 Shares Out. (mln) 5.2...

October 27, 2000 (NewsTraders.com) – Friedman Billings Ramsey analyst Merrill Ross today downgraded ProLogis Trust (NYSE:PLD) to "accumulate" from "buy." The Aurora, Colo.-based REIT posted third-quarter results that were in line with the analyst's expectations, but also warned...

October 27, 2000 By Paul Gereffi, Commercial Real Estate Direct CorrespondentORLANDO, Fla. – Swerdlow Real Estate Group has obtained $26.25 million of construction financing to develop the Orlando Millennium Plaza shopping center.The 30-month construction loan is being made...

October 27, 2000 Standard & Poor's today lowered its ratings on two classes of Asset Securitization Corp.'s 1997-MD VII and affirmed the other classes that it rates in the series.The rating agency downgraded both class B-1 and class...

October 27, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln) $80.9 $72.1 $233.8 $211.8 FFO/shr (diluted)$0.61* $0.50 $1.66* $1.44 Net Income (mln) $115.0 $106.9 $347.1 $308.7 Net/shr$0.61 $0.50 $1.66 $1.44 Revenue (mln)$188.2 $168.9 $551.1 $493.6 Shares Out. (mln) 133...

October 27, 2000First Union Securities Inc. has agreed to provide Cornerstone Realty Income Trust Inc. (NYSE:TCR) with about $140 million in secured financing.The 10-year interest-only loan will bear a fixed annual interest rate of 7.35 percent and will...

October 27, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99Net Income (mln) $15.7 $1.4 $50.5 $23.9 Net/shr$0.34 $0.03 $1.08 $0.45 Revenue (mln)$146.8 $140.8 $425.3 $420.2 Shares Out. (mln) NA NA NA NA

October 26, 2000 Commercial Real Estate Direct Staff ReportBrickman Associates has sued International Paper Co. for reneging on what it claims was a contract to sell a 110-acre estate straddling the Greenwich and Stamford borders in Connecticut.International Paper...