July 31, 2000 Stichting Pensioenfonds ABP, a Dutch pension fund, has accumulated 4.5 million shares in Reckson Associates Realty Corp. (NYSE:RA), giving it a 9.9 percent interest in the Melville, N.Y., REIT.The fund's investment was disclosed in a...

July 31, 2000 Investment firm refines strategy for $200 Mln fundAtlanta Business Chronicle, July 31ATLANTA – Shoptaw & Garrad LLC will open a $200 million fund, its largest to date, to bankroll a buyout of more than 20...

July 31, 2000 NASHVILLE, Tenn. – Doctor R. Crants has been "terminated" as chief executive of both Prison Realty Trust Inc. (NYSE:PZN) and Corrections Corp. of America.Thomas W. Beasley, chairman of the REIT, will serve as interim chief...

July 31, 2000 Mack-Cali Realty Corp. (NYSE:CLI) might be looking to get out of San Antonio, Texas, where it owns some 1 million square feet of office space.The REIT's decision to sell all of its San Antonio holdings...

July 31, 2000 NEW YORK – Fitch said it withdrew its double-A-plus rating on Daiwa Mortgage Acceptance Corp., 1993-ROC-MHP class A because the notes have been paid in full.

July 28, 2000 Developers plan $30 Mln project to be built downtownThe Atlanta Journal-Constitution, July 28ATLANTA – Northyards Partners plans to buy 16 acres of former railroad yards on Marietta Street to develop the $30 million Northyards Business...

July 28, 2000 CHEVY CHASE, Md. – Saul Centers Inc. (NYSE: BFS) has received a $70 million unsecured revolving credit line from a group of lenders led by US Bank NA.The three-year credit line carries an interest rates...

July 28, 2000 HRPT Properties Trust (NYSE:HRP) is issuing $30 million of 8.875 percent senior notes through Donaldson, Lufkin & Jenrette.The Newton, Mass., REIT, in a regulatory filing said it agreed to sell the notes to DLJ at...

July 28, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $24.4 mln$21.6 mln $47.9 mln $40.5 mln FFO/shr (diluted) $0.56 $0.50 $0.94 $0.83Net Income $13.0 mln $15.2 mln $25.7 mln $22.8 mln Net/shr$0.32 $0.41 $0.63 $0.68 Revenue$52.8 mln $40.9 mln...

July 28, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $21.6 mln$19.2 mln $42.1 mln $37.9 mln FFO/shr (diluted) $0.67 $0.61 $1.31 $1.20 Net Income $9.6 mln $10.8 mln $18.1 mln $17.9 mln Net/shr (diluted)$0.34 $0.38 $0.64 $0.64 Revenue$50.8 mln...

July 28, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $9.2 mln$7.9 mln $18.1 mln $15.3 mln FFO/shr (diluted) $0.29$0.27 $0.56 $0.53 Net Income $2.6 mln $3.2 mln $5.1 mln $6.4 mln Net/shr$0.14 $0.17 $0.28 $0.37 Revenue$26.4 mln $19.5 mln...

July 28, 2000 HORSHAM, Pa. – A division of GMAC Commercial Mortgage has arranged $26 million of adjustable-rate interim financing for the 310,586-square-foot Holtze Magnolia Hotel in Dallas.GMAC's Hospitality Division arranged the transaction for the 331 room hotel,...

July 28, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $86.7 mln$80.1 mln $177.6 mln $158.6 mln FFO/shr (diluted) $0.53 $0.49 $1.08 $0.97 Net Income $16.4 mln $37.9 mln $48.2 mln $52.9 mln Net/shr$0.11 $0.23 $0.30 $0.33 Revenue$171 $164.5 $350.6...

July 28, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $35.6 mln$28.6 $64.7 mln $54.1 mln FFO/shr (diluted) $0.91 $0.81 $1.71 $1.52 Net Income $15.8 mln $11.2 mln $26.4 mln $21.0 mln Net/shr$0.73$0.58 $1.24 $1.11 Revenue$94.7 mln $70.5 mln $183.6...

July 28, 2000 By Susanna Potter, Commercial Real Estate Direct Staff WriterA New York-based investment boutique plans to broaden its client services by taking on the role of landlord to small Internet and technology startups.The Avalon Group has...

July 28, 2000 DALLAS – Paul Bagley has resigned as chief executive and chairman of American Realty Trust (NYSE:ARB), ending a short-lived career at the beleaguered REIT.His resignation follows that of Carey Portman, who earlier in the month...

July 28, 2000 (NewsTraders.com) – Salomon Smith Barney analyst Jonathan Litt downgraded TrizecHahn (NYSE:TZH) to "neutral" from "outperform" as a result of ongoing evolution at the company and the reduced visibility of earnings over the next two years."The...

July 28, 2000 (NewsTraders.com) – Charles E. Smith Residential Realty (NYSE:SRW) dipped to "hold" from "accumulate" in Prudential's rating system after analyst Lou Taylor issued a downgrade Friday.The analyst said valuation considerations, along with a four-month delay in...

July 28, 2000 (NewsTraders.com) – Lauding an "exceptional" quarter for real estate investment trusts in general, Morgan Stanley Dean Witter analyst Gregory Whyte said today that despite the 22 percent total return they have delivered this year, REIT...

July 28, 2000 (NewsTraders.com) – First Union Securities analyst Jeffrey Donnelly opened scrutiny on LaSalle Hotel Properties (NYSE:LHO) with a "buy" recommendation and a $16 price objective.Donnelly praised LaSalle's stable of properties, stating that they are positioned in...

July 28, 2000 PALM BEACH GARDENS, Fla. – Correctional Properties Trust (NYSE:CPV) has purchased an interest rate swap, fixing the rate on $45 million of floating-rate debt.The purchase of the swap comes at the same time that the...

July 28, 2000 MIAMI – Petroleum Realty Investment Partners has closed on the purchase of 41 Conoco gas stations from USA Grocers Inc.The purchase makes Petroleum Realty the largest single owner of gas station real estate in Atlanta....

July 28, 2000 NEW YORK – An investment team led by Investcorp has paid $38.2 million for Landmark Lakehills, a 231,323-square-foot office complex in Laguna Hills, Calif.Investcorp teamed with Pacifica Real Estate Group on the acquisition. The property,...

July 28, 2000 HRPT Properties Trust has put 7 West 34th Street, a 450,000-square-foot office building in Midtown Manhattan up for sale.Crain's New York is reporting that the Newton, Mass., REIT has hired CB Richard Ellis to market...

July 28, 2000 NEW YORK – A team of Investcorp and Crow Holdings has paid $33 million, or $149/sf, for Imperial Center East, a 221,224-square-foot shopping center in Brea, Calif. The property is 93 percent occupied and was...