August 2, 2000 CHICAGO – Equity Office Properties Trust (NYSE:EOP) has promoted three senior executives to newly created, corporate-level positions. The moves give the Chicago REIT the depth needed to oversee its property portfolio, which has tripled in...

August 2, 2000WEST CONSHOHOCKEN, Pa., – Keystone Property Trust (Amex:KTR) has started construction on a some 1.5 million of distribution space at the Exit 8A interchange of the New Jersey Turnpike.First, it is developing a 510,000-square-foot speculative distribution...

August 2, 2000 SAN FRANCISCO – REmanage, an online provider of property management software for small to mid-sized property owners and managers, has received $1.5 million of Series A venture funding from a group led by Goff Moore...

August 2, 2000 HOUSTON – Weingarten Realty Investors (NYSE:WRI) plans to develop a 173,000-square-foot shopping center on Siegen Lane in Baton Rouge, Louisiana.Siegen Plaza will be situated on 44.7 acres in the southeast quadrant of the city. In...

August 2, 2000 A joint venture between Lowe Enterprises of Los Angeles and Teachers Insurance has broken ground for a $65 million office project at 601 New Jersey Ave. in Washington, D.C.The venture, Lowe Commercial Development Co., is...

August 2, 2000 NEW YORK – Standard & Poor's has raised its ratings on Citibank NA's 1994-C2 because of the continued strength of the deal's collateral property, Union Station in Washington, D.C.The rating agency upgraded the deal's double-A...

August 2, 2000 CHICAGO, Ill. – The National Association of Realtors has named Bonnie Gottlieb senior vice president for commercial real estate, a new position that the trade organization has formed to beef up its presence in the...

August 1, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorDynamic Builders has teamed up with an affiliate of Providence Realty Group to buy the last 13 acres at the shuttered Hunt-Wesson tomato processing plant in Fullerton,...

August 1, 2000 David Dunn has taken a 5.1 percent interest in LTC Properties Inc. (NYSE:LTC).According to a Form SC 13G, the Dunn Family Trust now controls 1.3 million shares of the REIT.

August 1, 2000 (NewsTraders.com) – Spieker Properties (NYSE:SPK) was upgraded to "buy" from "outperform" Tuesday by Salomon Smith Barney analyst Jonathan Litt, who cited the "unbelievable strength of the company's core West Coast markets."The REIT reported second-quarter funds...

August 1, 2000 Contractors working to renovate Manhattan's posh Park Central Hotel have forced Ian Bruce Eichner to toss the hotel into bankruptcy.The New York Post is reporting that the contractors, and other unsecured creditors, say they are...

August 1, 2000 (NewsTraders.com) – Resource Asset Investment Trust (AMEX:RAS) jumped to "buy" from "accumulate" today in Friedman Billings Ramsey's rating system as analyst Merrill Ross upgraded the stock on the heels of the company's second-quarter earnings.On July...

August 1, 2000 NEW YORK – Kathy Shea-Urbat has joined CapitalThinking Inc. as chief financial officer.She will focuse on, among other things, raising fresh capital for the online commercial lender.Shea-Urbat most recently was director of corporate finance at...

August 1, 2000 NEW YORK – Fitch has withdrawn its double-A-plus rating on Sawgrass Finance LLC's class A notes because the certificates have been paid in full.

August 1, 2000 Deal finalized for 5 floors of Macy's to be high-tech and telecom spaceThe Atlanta Journal-Constitution, August 1ATLANTA – Taconic Investment Partners of New York, with partner Benenson Capital Co., has acquired the Macy's building at...

August 1, 2000 JP Realty Inc. (NYSE:JPR) has lined up a new $200 million unsecured revolving credit facility from a syndicate of banks led by Bank One.Besides Bank One, which is administrative agent, the lending syndicate includes Commerzbank,...

August 1, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $80.6 mln$63.2 mln $153.0 mln $123.4 mln FFO/shr (diluted) $1.05 $0.85 $2.00 $1.67 Net Income $59.0 mln $37.5 mln $116.8 mln $74.3 mln Net/shr$0.88 $0.59 $1.75 $1.16 Revenue$184.0 mln $158.7...

August 1, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $9.3 mln$8.8 mln $18.5 mln $17.3 mln FFO/shr (diluted) $0.51 $0.48 $1.01 $0.95 Net Income $11.3 mln $1.5 mln $14.3 mln $3.0 mln Net/shr$0.71 $0.10 $0.91 $0.19 Revenue$30.0 mln $28.0...

August 1, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $3.7 mln$3.5 mln $7.4 mln $6.9 mln FFO/shr (diluted) $0.60 $0.57 $1.19 $1.11Net Income $3 mln $2.9 mln $6.1 mln $5.8 mln Net/shr$0.48 $0.47 $0.98 $0.94 Revenue$9.7 mln $8.3 mln$18.5...

August 1, 2000 Coventry Real Estate Partners, a venture formed by Prudential Insurance and Developers Diversified Realty Corp. (NYSE:KO) is said to be close to an agreement to purchase Burnham Pacific Properties (NYSE:BPP) for $6/share or nearly $194...

August 1, 2000 DLJ Commercial Mortgage Corp., 2000-STF1ClassAmount($mln)Sub. Level(%)RatingMoody'sRatingFitchRatingS&PAvg.LifeFinalPricing(BP)BnchMarkA-1239.245AaaAAAAAA2.2+261-mo. LiborA-237.337Aa2AANR2.5+361-mo. LiborA-338.428.25A2ANR2.5+761-mo. LiborB-131.821Baa2BBBNR2.5+1651-mo. LiborB-21118.5Baa3BBB-NR2.7+2201-mo. LiborB-32.218Ba1BB+NR2.5NA1-mo. LiborB-42213Ba2BBNR2.5NA1-mo. LiborB-54.412Ba3BB-NR2.9NA1-mo. LiborB-617.68B2BNR2.9NA1-mo. LiborB-713.25B3NRNR3NA1-mo. LiborC22--NRNRNR3--1-mo. LiborS*357.6NAAaaAAAAAA2.9NA1-mo. LiborX**302.4NAAaaAAAAAANANA1-mo. Libor* "Excess Interest IO strip"** "Variable Strip IO"

August 1, 2000 Kimco Realty Corp. (NYSE:KIM) has priced $110 million of medium-term notes through Merrill Lynch.The New Hyde Park, N.Y., REIT priced the notes at 99.5161 percent to yield a spread of 25 basis points above 3-month...

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 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 SiteStuff.com Inc. has raised an additional $40 million of financing, giving the Austin, Texas, firm a total of $45.5 million.Sevin Rosen Funds and Centerpoint Ventures, which led the company's $5.5 million first round of financing...