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 (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 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 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 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 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 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 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 26, 2000 Commercial Real Estate Direct Staff ReportThe Aspen Institute is looking for an equity partner to fund the expansion of the Wye River Conference Center in Queenstown, on Maryland's eastern shore. Although it's not clear how...

October 26, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln) $33.1 $19.0 $88.3 $53.4 FFO/shr (diluted)$0.77 $0.55 $2.19 $1.76 Extra Gain (Loss) $(.45) $----- $.42 $(.45) Net Income (mln) $12.3 $5.0 $30.9 $17.2 Net/shr$0.40 $0.26 $1.10 $0.93 Revenue (mln)$82.0...

October 26, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln) $16.6 $16.4 $49.4 $48.4 FFO/shr (diluted)$0.62 $0.61 $1.85 $1.80 Net Income (mln) $9.9 $11.0 $30.8 $30.7 Net/shr$0.37 $0.41 $1.15 $1.14 Revenue (mln)$29.9 $26.9 $86.7 $75.8 Shares Out. (mln) 26.7...

October 26, 2000 * NOTE: The class A-1 tranche (5.8-year) was changed during marketing to fixed-rate from floating. Therefore, the price talk numbers are against Libor, while the tranche priced against swaps. Hilton Hotels Pool Trust, Series 2000-HLTClassAmount($mln)RatingMoody'sRatingS&PAvg.LifePriceTalk(BP)Priced(BP)BenchMarkA-192.5AaaAAA5.8+28-30*+38SwapsA-2175AaaAAA9.9+40-43+401-mo....

October 26, 2000Banc of America Commercial Mortgage Inc. 2000-2ClassAmount($mln)Sub. Level(%)RatingFitchRatingMoody'sAvg.LifeRevisedPriceTalk(BP)Priced(BP)BenchMarkA-1198.324AAAAaa5.75+27-29+30SwapsA-2477.124AAAAaa9.18+40 area+40SwapsB37.819.75AAAa29.56+55-57+58SwapsC24.517A+A19.63+61-63+64SwapsD17.815AA29.63+69-71+72SwapsE8.914A-A39.63+79-81+84SwapsF11.112.75BBB+Baa19.66+220-225NATreas.G17.810.75BBBBaa29.71+230-235NATreas.H11.19.5BBB-Baa39.71+265-270NATreas.X*889NAAAAAaaNANANATreas.* Interest only, notional amount.

October 26, 2000 OAHU, Hawaii – LaSalle Investment Management Inc. has bought Pearl Highlands Center, a shopping center on Oahu for $62.4 million in a fee-simple transaction, according to a report in the Honolulu Star-Bulletin.The Chicago-based real estate...

October 26, 2000 NEW YORK – Standard & Poor's has released a new quarterly report, CMBS Quarterly Insights: Looking Under the Veneer", which is available on the rating agency's Web site.Gale Scott, managing director and head of the...

October 26, 2000By Brad Berton, Commercial Real Estate Direct Contributing EditorAMB Property Corp. has leased about 187,000 square feet of industrial space at two of its Los Angeles-area properties in deals totaling $9.6 million.Leading microturbine power systems manufacturer...

October 26, 2000 INDIANAPOLIS – Dave Stockert has resigned as executive vice president of acquisitions and dispositions at Duke-Weeks Realty Corp.Howard Feinsand, executive vice president and general counsel, will assume Stockert's responsibilities for acquisitions and dispositions, while Gene...

October 26, 2000 TEMPE, Ariz. – GMAC Commercial Mortgage Corp. and Goldman Sachs have provided $146 million of permanent financing for a 1.2 million-square-foot shopping mall.The mall, Arizona Mills, is owned by a venture of Mills Corp., Simon...

October 26, 2000 Commercial Real Estate Direct Staff ReportBoston Properties (NYSE:BXP) has priced 15 million common shares at $39.0625 apiece, which would result in nearly $556 million of proceeds after underwriting fees for the Boston REIT.According to a...

October 26, 2000 (NewsTraders.com) – Sutro & Co. today launched coverage of Spieker Properties (NYSE:SPK) with a buy rating and a 12-month price target of $63.Dubbing the Menlo Park, Calif.-based REIT the "leading owner of office and industrial...

October 26, 2000 Final parcel of undeveloped land purchasedThe Orlando Sentinel, October 26ORLANDO, Fla. – L.M. Sandler and Sons Inc., of Virginia Beach, Va., and its affiliate SouthStar Development Partners Inc., of Miami, have purchased the remaining 520...

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...

October 26, 2000 By Thomas J. Walsh, Commercial Real Estate Direct Senior WriterDALLAS – A 372,000-square-foot office complex called The Princeton, in an emerging business area, is up for sale. The asking price is about $42.5 million, or...

October 26, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln) $11.7 $9.8 $35.1 $28.6 FFO/shr (diluted) $0.62 $0.59 $1.85 $1.70 Net Income (mln) $7.0 $19.6 $21.0 $32.0 Net/shr$0.29 $1.11 $0.86 $1.74 Revenue (mln)$24.6 $21.5 $71.3 $63.4 Shares Out. (mln)...

October 26, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln) $40.5 $30.1 $104.6 $84.2 FFO/shr (diluted) $0.94 $0.83 $2.66 $2.35 Net Income (mln) $14.5 $14.7 $41.0 $35.6 Net/shr$0.65 $0.72 $1.89 $1.81 Revenue (mln)$98.7 $79.2 $282.3 $218.7 Shares Out. (mln)...