August 7, 2000 SAN DIEGO – Westbrook Partners, which last week exercised a change of control preference with regard to its ownership of preferred stock in Burnham Pacific Properties Inc. (NYSE:BPP) has apparently struck a deal to suspend...

August 7, 2000 HORSHAM, Pa. – GMAC Commercial Mortgage has provided $25 million of acquisition financing for an apartment complex in the Seattle suburb of Federal Way, Wash.Glen Park Associates LLC used the fixed-rate financing to buy the...

August 4, 2000 CarrAmerica Realty Corp. (NYSE:CRE) and Security Capital U.S. Realty (NYSE:RTY), a majority shareholder, have worked out an agreement that will keep SC-U.S. Realty from taking control of the REIT.SC-U.S. Realty, which currently owns 42.7 percent...

August 4, 2000 ATLANTA – Gables Residential (NYSE: GBP) is planning to develop a 183-unit townhouse project in the Druid Hills area of Atlanta near Emory University.The project, which will cost $24 million to develop, will contain one-,...

August 4, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $12.2 mln$12.3 mln $23.9 mln $25.3 mln FFO/shr (diluted) $0.61 $0.57 $1.19 $1.18 Net Income $6.0 mln $5.1 mln $10.7 mln $11.4 mln Net/shr$0.37 $0.29 $0.65 $0.65 Revenue$24.9 mln $23.2...

August 4, 2000 Lack of high-end office space luring developers to BuckheadThe Atlanta Journal-Constitution, August 4ATLANTA – Regent Partners, Equity Office Properties Trust, Rubenstein Co. and a partnership between Blackstone Real Estate Advisors and Hines have proposed or...

August 4, 2000 NEW YORK – Fitch has affirmed all the classes it rates of GS Mortgage Securities Corp. II's 1998-GL II and has taken the deal's $28.2 million class-G off Rating Watch Negative.Fitch placed class G on...

August 4, 2000 SAN DIEGO – Westbrook Partners, which owns a substantial chunk of preferred stock in Burnham Pacific Properties Inc. (NYSE:BPP), has exercised a change of control preference, which would force the REIT to buy out its...

August 4, 2000 GREENSBORO, N.C. – VF Corp., a clothing manufacturer, has agreed to buy a 181,000-square-foot office complex in Greensboro from Cone Mills Corp., a textile manufacturer.The purchase price for the two-building complex could not be learned.The...

August 3, 2000 NEW YORK – Fitch has upgraded two and affirmed the remaining classes of Prudential Securities Secured Financing Corp., 1995-MCF2.The deal's $13.3 million class C is upgraded to triple-A from double-A and the $15.6 million class...

August 3, 2000 NEW YORK – Fitch has upgraded two classes of Nomura Asset Securities Corp. 1994-C3 and affirmed the other classes.The transaction's $9 million class A-3 has been raised to double-A-plus from double-A, while its $6.5 million...

August 3, 2000 CANBERRA, Australia – The government of Australia has selected a consortium led by PricewaterhouseCoopers to manage all of its non-defense properties, which include embassies, consulates and residences in more than 50 countries.The five-year contract, which...

August 3, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $14.1 mln$14 mln $24.3 mln $24.1 mln FFO/shr (diluted) $0.76 $0.76 $1.31 $1.31 Net Income $6.2 mln $6.5 mln $8.8 mln $9.4 mln Net/shr$0.36 $0.38 $0.51 $0.55Revenue$25.6 mln $23.9 mln...

August 3, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $4.4 mln$4.5 mln $9 mln $8.9 mlnFFO/shr (diluted) $0.35 $0.35 $0.70 $0.70 Net Income $0.5 mln $0.6 mln $1.1 mln $1.2 mln Net/shr$0.06 $0.08 $0.14 $0.15 Revenue$12.5 mln $12.2 mln...

August 3, 2000 Kimco Realty Corp. (NYSE:KIM) has filed to raise $76.5 million through the sale of common stock. According to a prospectus filed with the SEC, Kimco will use proceeds to invest in its Kimco Income REIT,...

August 3, 2000 Once hot, commercial office space is heading for a cooling offThe Tennessean, August 3NASHVILLE, Tenn. – Nashville's commercial office market could be cooling down, as sublease space begins to loom. About 500,000 to 600,000 sf...

August 3, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $11.1 mln$9.6 mln $21.5 mln $18.5 mln FFO/shr (diluted) $0.77 $0.70 $1.52 $1.37 Net Income $6.3 mln $5.8 mln $12.1 mln $11.1 mln Net/shr$0.38 $0.41 $0.72 $0.81 Revenue$24.9 mln $21.1...

August 3, 2000 NEW HAVEN – Long Wharf Galleria LLC and the City of New Haven today filed an antitrust suit against Westfield America Inc. (NYSE:WEA) and its affiliates, as well as the city of Milford, Conn., charging...

August 3, 2000 (NewsTraders.com) – Boykin Lodging (NYSE:BOY) received a downgrade late Wednesday from Friedman Billings Ramsey analyst Merrill Ross, who lowered his rating on the lodging company to "market perform" from "accumulate."Although Boykin posted second-quarter funds from...

August 3, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $6.3 mln$6.4 mln $12.9 mln $12.6 mln FFO/shr (diluted) $0.34 $0.34 $0.68 $0.67 Net Income $1.5 mln $5.2 mln $9.2 mln $8 mln Net/shr$0.09$0.30$0.53$0.46Revenue$14.8 mln $14.7 mln$29.4 mln $28.3 mln...

August 3, 2000 NEWRY, Maine – American Skiing Co. (NYSE: SKI) has received a $73 million credit line from a group of lenders and investors led by Fleet National Bank.The facility is an increase from American Skiing's $58...

August 3, 2000 BOSTON – Lend Lease Real Estate Investments Inc. has paid $27 million, or $90,900/unit, for The Preserve at Palm Aire, a retirement community in Pompano Beach, Fla.The 297-unit property was purchased by Lend Lease on...

August 3, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $13.8 mln$14.5 mln $29.4 mln $29.0 mln FFO/shr (diluted) $0.58 $0.56 $1.21 $1.13 Net Income $6.7 mln $7.8 mln $15.4 mln $15.6 mln Net/shr$0.30 $0.33 $0.69 $0.65 Revenue$39.8 mln $37.6...

August 3, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $32.4 mln$34.6 mln $66.6 mln $67.9 mln FFO/shr (diluted) $0.54 $0.51 $1.08 $1.00 Extra Gain (Loss) $.2 $(1.8 mln) $17.1 mln $(1.8 mln) Net Income $11.9 mln $14.3 mln $43.1...

August 3, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $5.1 mln$4.9 mln $8.1 mln $7.6 mln FFO/shr (diluted) $0.46 $0.46 $0.74 $0.74 Net Income $1.5 mln $2.5 mln $1.1 mln $3.4 mln Net/shr$0.13 $0.24 $0.10 $0.34 Revenue$11.7 mln $9.3...