October 31, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$6.4 $11.8 $17.3 $28.7 FFO/shr (diluted)$0.37 $0.56 $0.97 $1.41 Extra Gain (Loss) $(.98) $.55 $(1.6) $.10 Net Income $1.4 $5.0 $.42 $11.2 Net/shr$0.02 $0.20 $(0.32) $0.38 Revenue (mln)$20.2 $20.5 $61.7...

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 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

October 30, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorLayton-Belling & Associates has paid $27.7 million, or about $67.50/sf, for a 409,622-square-foot industrial park in San Diego's Kearny Mesa district.The project, at 4000 Ruffin Road, once...

October 30, 2000 NEW YORK – Radiant Investors LLC, which has agreed to buy a portfolio of properties from First Union Real Estate Equity and Mortgage Investments (NYSE:FUR), has lined up financing allowing it to complete the $205...

October 30, 2000 LoopNet Inc.'s online financing arm, LoopLender, has closed 12 loans totaling $28.8 million in the last 45 days. The site reports that it has been receiving more than $500 million in online loan applications per...

October 30, 2000 TORONTO – RioCan REIT has secured new borrowings totaling C$189.6 million (US$124 million) through Commercial Mortgage Origination Co. of Canada, a unit of the Toronto Dominion Bank. CMO has, in turn, securitized these mortgages through...

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 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...