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...

July 28, 2000 Morgan Stanley Dean Witter Capital I, 2000-XLFClassAmount($mln)Sub. Level(%)RatingMoody'sRatingS&PAvg.LifeSpread(BP)BnchMarkA654.626AaaAAA1.4+251-mo. LiborB75.217.5Aa2AA1.8+351-mo. LiborC88.57.5A2A2.1+751-mo. LiborD314A3A-2.2+80 1-mo. LiborE35.40.0Baa2BBB2.3+1501-mo. Libor

July 28, 2000 A Dutch pension fund has taken a 5 percent stake in the Macerich Co. (NYSE: MAC). Stichting Pensioenfonds ABP bought 1.7 million shares in the Maryland-based company, according to a Form 13D.

July 27, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99Net Income $34.8 mln $22.1 mln $64.4 mln $40.7 mln Net/shr$0.50 $0.38 $0.94 $0.70 Shares Outstanding70.0 mln 58.8 mln 68.1 mln 57.8 mln

July 27, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $1.6 mln$1.4 mln $2.9 mln$2.7 mln FFO/shr (diluted) $0.21 $0.19$0.40 $0.37 Net Income $2.3 mln $0.02$2.3 mln $0.03 Net/shr$0.48 $0.00 $0.48 $0.01 Shares Outstanding7.4 mln 7.4 mln 7.4 mln 7.5...

July 27, 2000 BOSTON – The Debt Exchange Inc. has hired Paul Weitz as vice president of engineering.Weitz will oversee the development and build out of DebtX.com, the company's soon-to be-launched mortgage trading Web site.Weitz was most recently...

July 27, 2000 BETHESDA, Md. – GE Capital Real Estate has provided $74.5 million in fixed-rate loans to LaSalle Hotel Properties (NYSE:LHO).The three individual 10-year secured loans bear a fixed interest rate of 8.08 percent. The hotel REIT...

July 27, 2000 NEWTON, Mass. – Senior Housing Properties Trust (NYSE:SNH) has agreed to sell four independent living properties to Brookdale Living Communities Inc. (Nasdaq:BLCI), which operates the facilities, for $123 million.Senior Housing acquired the properties in December...

July 27, 2000 NEW YORK – Standard & Poor's has added the following companies to the August 2000 edition of its Approved Commercial Loan Servicer List. – Bankers Mutual is now an approved Commercial Loan Servicer – Chase...

July 27, 2000 Go To Initial Price Talk Table.Credit Suisse First Boston Mortgage Securities Corp., 2000-C1ClassAmount($mln)Sub. Level(%)RatingS&PRatingFitchAvg.LifePriced(BP)BnchMarkA-1184.222.5AAAAAA5+301 mo. LiborA-2677.522.5AAAAAA10+391 mo. LiborB50.118AAAA9.7+551 mo. LiborC44.514AA9+701 mo. LiborD15.312.63A-A-9+821 mo. LiborE29.110BBBBBB9+240Treas.F13.98.76BBB-BBB-9+265Treas.X*1.1 BlnNAAAAAAA--+340Treas.* Interest only strip.

July 27, 2000 MALVERN, Pa. – An affiliate of Liberty Property Trust (NYSE:LRY) has issued $200 million of 10-year unsecured notes. The 8.5 percent notes, due Aug. 1, 2010, were priced at 99.334 to yield 8.588 percent. They...

July 27, 2000 ATLANTA – Gables Residential (NYSE:GBP) has sold two apartment communities in Texas for a total of $41 million to separate buyers, who intend to convert the communities to condominiums. Gables Residential developed the 126-unit Gables...

July 27, 2000 Army plans $100 million Redstone officesHUNTSVILLE, Ala. – The Army plans to spend more than $100 million over the next eight years to build an office complex at Redstone Arsenal. Construction is scheduled to begin...

July 27, 2000 (NewsTraders.com) -- The real estate investment trust world was mostly spared the wrath of today's bearish mood, as several Wall Street analysts handed out upbeat brokerage comments on a few selected companies.Leading the way, Archstone...

July 27, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $28.1 mln$25.7 mln $55.6 mln $51.0 mln FFO/shr (diluted) $1.05 $0.96 $2.08 $1.90 Net Income $15.0 mln $14.2 mln $29.4 mln $27.7 mln Net/shr$0.56 $0.53 $1.10 $1.03 Revenue$63.6 mln $56.3...

July 27, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99Net Income $1.3 mln $4.0 mln $2.8 mln $7.9 mln Net/shr$0.07 $0.20 $0.14 $0.40 Revenue$12.3 mln $15.9 mln $24.8 mln $31.4 Shares Outstanding19.7 mln 19.7 mln 19.7 mln 19.7 mln

July 27, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $3.5 mln$3.4 mln $7.0 mln $6.8 mln FFO/shr (diluted) $0.49 $0.48 $0.99 $0.96 Net Income $2.1 mln $2.2 mln $4.4 mln $4.4 mln Net/shr$0.30 $0.31 $0.61 $0.62 Revenue$5.7 mln $5.1...

July 26, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $59.3 mln$48.7 mln $113.8 mln $94.3 mln FFO/shr (diluted) $0.83 $0.72 $1.61 $1.42 Extra Gain (Loss) $.3 $ -- $.3 $ -- Net Income $34.9 mln $27.2 mln $65.8 mln...

July 26, 2000 Sheli Z. Rosenberg is retiring as chief executive of Equity Group Investments LLC and as Sam Zell's personal counsel in order to devote more time to charitable work.The upcoming retirement, reported in today's Chicago Tribune,...

July 26, 2000 NEWARK, N.J. – David Franzetta has been named vice chairman for Prudential Real Estate and Relocation Services, where he will oversee the company's information technology, international relocation services, legal counsel and credit and investment divisions.Prior...

July 26, 2000 NEW YORK – W. P. Carey & Co. LLC (NYSE: WPC) has acquired five facilities operated by Galyan's Trading Co. Inc. on behalf of Corporate Property Associates 14 and Corporate Property Associates 12, two W.P....