November 1, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$24.6 $20.9 $69.5 $60.5 FFO/shr (diluted)$0.49 $0.42 $1.40 $1.24 Extra Gain (Loss) $1.0 $1.0 $10.9 $57.7 Net Income $12.7 $11.9 $36.9 $33.7 Net/shr$0.27 $0.26 $0.96 $1.87 Revenue (mln)$37.3 $26.4 $101.8...

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.,...

November 1, 2000 British company to lease space in N.C.The Charlotte Observer, November 1CHARLOTT, N.C. – Britax Child Safety Inc., designer and manufacturer of child safety seats, will lease a 123,200-square-foot facility in the South Point Business Park,...

November 1, 2000 Commercial Real Estate Direct Staff ReportORIX Real Estate Equities Inc. has hired CB Richard Ellis to market 1450 Broadway, a 42-story pre-war tower in Manhattan's Garment District.The 352,000-square-foot building is located on the southern tip...

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 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 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 (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, 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 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, 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 (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 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 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

October 31, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$42.4 $44.3 $133.0 $132.4 FFO/shr (diluted)$0.34 $0.36 $1.08 $1.06 Net Income $11.2 $10.4 $26.6 $52.4 Net/shr$0.11 $0.10 $0.26 $0.50 Revenue (mln)$154.6 $155.5 $463.8 $463.7 Shares Out. (mln)123.3 124.1 123.2 124.6

October 31, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$10.7 $10.4 $32.4 $31.7 FFO/shr (diluted)$0.31 $0.29 $0.93 $0.88 Extra Gain (Loss) $.65 $---- $3.4 $2.5 Net Earnings $6.7 $6.2 $22.3 $21.3 Net/shr$0.21 $0.19 $0.69 $0.64 Revenue (mln)$21.7 $20.8 $64.6...

October 31, 2000 NEW YORK – Teachers Insurance and Annuity has sold a $487 million portfolio of commercial mortgages to Morgan Stanley Dean Witter.The portfolio, which was brokered by Jones Lang LaSalle, is comprised of loans on 18...

October 31, 2000 HORSHAM, Pa. – GMAC Commercial Mortgage has arranged three loans totaling more than $28 million for three retail properties, totaling 269,107 square feet in New England.The permanent financing includes a cross collateralization and cross default...

October 31, 2000 Greenlight Capital LLC has upped its investment in Insignia Financial Group Inc. (NYSE:IFS) to a 7.4 percent stake with control over 1.6 million shares in the firm.The investment management firm, managed by David Einhorn and...

October 31, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$8.9 $9.3 $24.8 $25.3 FFO/shr (diluted)$0.49 $0.51 $1.36 $1.40 Extra Gain (Loss) $(.59) $(.24) $(.85) $(.24) Net Income $6.6 $6.8 $3.0 $14.0 Net/shr$0.29 $0.21 $(0.13) $0.54 Revenue (mln)$19.2 $16.6 $39.8...

October 31, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$23.2 $17.0 $61.4 $41.3 FFO/shr (diluted)$0.23 $0.18 $0.62 $0.46 Net Income $3.3 $2.2 $8.9 $4.1 Net/shr$0.20 $0.13 $0.52 $0.37 Revenue (mln)$30.8 $24.6 $83.2 $52.9 Shares Out. (mln)17.0 16.7 17.0 11.1

October 31, 2000 COLUMBUS, Ohio – Scott T. McCarthy has been named senior vice president of development at Glimcher Development Corp., an affiliate of Glimcher Realty Trust (NYSE: GRT). McCarthy will oversee the development of current and future...

October 31, 2000 NEWTON, Mass. – Senior Housing Properties Trust (NYSE:SNH) has sold four independent-living properties for $123 million. The properties were sold to an affiliate of Brookdale Living Communities Inc., which leases them. They contain 829 units...

October 31, 2000 CHICAGO – A Cook County Circuit Court judge has ruled against Metropolitan Life in its effort to get the Kennedy family to pay a $47.5 million prepayment penalty resulting from its sale of Chicago's Merchandise...