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 25, 2000 SAN JOSE, Calif. – Divco West has paid $33 million, or $244.70/sf, for the Mountain View Technology Park in Mountain View, Calif.The office/research and development complex contains 135,000 square feet in seven one-story buildings. Divco...
October 25, 2000 CHICAGO – Banyan Strategic Realty Trust (Nasdaq:BSRTS) is in talks to sell its entire portfolio of real estate in a deal valued at about $88 million.If the negotiations result in a definitive agreement to sell...
October 25, 2000 New hospital for N. Fulton proposedAtlanta Journal-Constitution, October 25ATLANTA – EHCA, a joint venture between HCA and Emory Healthcare, has proposed plans to build a $93 million, four-story, 272,000-square-foot hospital on 30 acres in north...
October 25, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln) $59.4 $54.3 $174.3 $156.4 FFO/shr (diluted) $0.80 $0.74 $2.36 $2.14 Extra Gain (Loss) $----- $----- $2.1 $----- Net Income (mln) $40.1 $32.1 $117.3 $107.8 Net/shr$0.54 $0.44 $1.60 $1.49 Revenue...
October 25, 2000 BUDAPEST – The Hungarian government is looking to privatize a real estate company it owns, which controls a portfolio said to be valued at about $50 million.The company, CD Hungary Rt, owns dozens apartment buildings...
October 25, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln) $11.2$11.8 $33.3 $34.5 FFO/shr (diluted) $0.61 $0.54 $1.77 $1.56 Net Income (mln) $27.9$8.8 $58.6 $32.9 Net/shr$1.52 $0.41 $3.12 $1.50 Rental Revenue (mln)$24.7 $22.5 $74.0 $66.1 Shares Out. (mln)18.4 21.7...
October 25, 2000 Home Properties (NYSE:HME) has acquired a 371-unit apartment complex in Elgin, Ill., for $17.5 million, or about $47,170/unit.The Rochester, N.Y., REIT assumed $10.7 million in debt and paid $6.8 million in cash for the Blackhawk...
October 25, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln) $28.9 $27.1 $84.5 $78.0 FFO/shr (diluted) $1.07 $1.01 $3.15 $2.91 Net Income (mln) $19.9 $19.6 $59.3 $56.8 Net/shr$0.55 $0.54 $1.65 $1.57 Rental Revenue (mln)$63.6 $57.2 $184.4 $165.6 Shares Out....
October 25, 2000 BOSTON – Charter Research Corp. is providing summary reports on individual commercial mortgage-backed securities transactions on the Visible Markets Inc. bond-trading platform.The reports, which Charter calls profile reports, provide detailed collateral and deal structure information...
October 25, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln) $46.7 $42.6 $136.4 $127.2 FFO/shr (diluted) $0.71 $0.65 $2.08 $1.94 Net Income (mln) $23.4 $24.0 $70.1 $73.1 Net/shr$0.37 $0.38 $1.10 $1.16 Revenue (mln)$100.1 $87.4 $284.1 $251.1 Shares Out. (mln)...
October 25, 2000NEW YORK – For the fifth consecutive year, San Francisco has been named the top major U.S. market for commercial real estate investment and development by Emerging Trends in Real Estate, the annual report released by...
October 25, 2000 CHICAGO – Prime Group Realty Trust (NYSE:PGE) has formed a venture with a partnership comprised of several union pension funds to develop the remainder of the Pine Meadow Corporate Center in Libertyville, Ill.The pension funds,...
October 25, 2000 J.P. Morgan Securities and Chase Securities have arranged a for a 16-bank syndicate to provide Cabot Industrial Trust (NYSE:CTR) with a new $325 million unsecured revolving credit facility, which replaces the REIT's previous facility of...
October 25, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln) $18.1 $19.9 $54.0 $41.0 FFO/shr (diluted) $0.33 $0.32 $0.96 $0.93 Extra Gain (Loss) $0.25 $------ $(23.2) $------- Net Income (mln) $8.7 $8.7 $50.7 $21.0 Net/shr$0.03 $0.10 $0.76 $0.40 Revenue...
October 25, 2000 CHICAGO – Fitch has upgraded two classes of Structured Asset Securities Corp.'s 1997-LL1 and affirmed the other classes that it rates in the series.The rating agency lifted the $114.1 million Class D to triple-B-plus from...
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