August 7, 2000 WASHINGTON – Jeffrey Scott, former managing director and partner of Arthur Andersen's real estate capital markets group, has been named president of the sales division of Zethus, an online real estate transaction platform backed by...

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 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...

August 3, 2000 JDN Realty Corp. (NYSE:JDN) will conduct its annual shareholders' meeting in Atlanta on Aug. 29Part of the agenda for the meeting at the JW Marriott Hotel will be the nomination of two directors, according to...

August 3, 2000 Colonial Properties Trust (NYSE:CLP) has purchased a 575,000 square-foot mall in Temple, Texas.Though a purchase price could not be learned, Colonial expects the purchase of the Temple Mall will generate an initial yield, or capitalization...

August 3, 2000 DALLAS – American Realty Trust Inc. and National Realty LP late yesterday completed their long-awaited merger. The resulting company is American Realty Investors (NYSE:ARL).Under terms of the merger, American Realty Trust shareholders will receive 0.91...

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...