May 12, 2000 1st-Qtr 001st-Qtr 99FFO $19.8 mln$18.5 mln FFO/shr (diluted) $1.02 $0.96 Net Income $7.8 mln $7.4 mln Net/shr$0.49 $0.47 Revenue$39.6 mln $37.0 mln Shares outst.19.4 mln 19.2 mln

May 12, 2000 1st-Qtr 001st-Qtr 99FFO $9.5 mln$8.9 mln FFO/shr (diluted) $0.95 $0.87 Net Income $4.9 mln $4.9 mln Net/shr$0.49 $0.48 Revenue$29.9 mln $27.2 mln Shares outst.10 mln 10.2 mln

May 12, 2000 1st-Qtr 001st-Qtr 99FFO $22.6 mln$20.2 mln FFO/shr (diluted) $0.72 $0.61 Extra Gain (Loss) $ -- $(0.67 mln) Net Income $9.0 mln $7.2 mln Net/shr$0.37 $0.27 Revenue$60.5 mln $60.6 mln Shares outst.31.2 mln 32.8 mln

May 12, 2000 NEW YORK – Fortress Investment Fund LLC is looking to raise its stake in Capstead Mortgage Corp. (NYSE:CMO)The opportunistic investment firm's Fortress Cap LLC affiliate has launched an offer to buy up to five million,...

May 12, 2000 1st-Qtr 001st-Qtr 99FFO $19.2 mln$17.2 mln FFO/shr (diluted) $0.41 $0.37 Net Income (Loss) $(4.2 mln) $(3.9 mln) Net/shr$(0.20) $(0.19) Revenue$15.9 mln $14.5 mln Shares outst.34.2 mln 34.2 mln

May 12, 2000Work begins on industrial parkThe Atlanta Journal-Constitution, May 12ATLANTA – Panattoni Development Co. has begun construction on a 437,760-square-foot building at Interstate South Industrial Park. Panattoni plans to develop about 8 million sf of big-box warehouse...

May 12, 2000 PALM BEACH, Fla. – A lending syndicate led by Bank of America and Credit Lyonnais has reduced the size of a credit facility to Innkeepers USA Trust (NYSE:KPA) to $130 million from $250 million.The amended...

May 12, 2000 1st-Qtr 001st-Qtr 99 (Pro Forma)FFO $50.2 mln$52.3 mln FFO/shr (diluted) $0.35 $0.37 Net Income $26.5 mln $31.3 mln Net/shr$0.20 $0.24 Revenue$100.3 mln$78.7 mln Shares outst.143.3 mln 143 mln

May 12, 2000 SAN JOSE, Calif. – Divco West Properties has paid Cigna Insurance about $110 million, or $231/sf, for the McCandless Business Park, a 476,000-square-foot office complex in Santa Clara, Calif.Divco West, a San Jose real estate...

May 12, 2000 Cambridge building two super mallsThe National Post, May 12TORONTO – Cambridge Shopping Centres Ltd. plans to build two discount super malls, one north of Toronto to open as early as the fall of 2001 and...

May 12, 2000 PENNINGTON, N.J. – IPGDirect.com has agreed to provide a customized real estate news and information package to Cushman & Wakefield for use on its corporate intranet.The agreement means every Cushman & Wakefield professional will have...

May 12, 2000 1st-Qtr 001st-Qtr 99FFO $14.4 mln$12.5 mln FFO/shr (diluted) $0.70 $0.63 Extra Gain (Loss) $0.9 mln $3.3 mln Net Income $8.1 mln $9.8 mln Net/shr$0.39 $0.48 Revenue$32.9 mln $29.7 mln Shares outst.20.6 mln 20 mln

May 12, 2000 Associated PressLITTLE ROCK, Ark. – The Arkansas Teacher Retirement System is one tenant away from beginning construction of an office building near the state Capitol. The 250,000-square-foot building is expected to cost about $41 million...

May 12, 2000 CHICAGO – Another 12 lenders have agreed to provide loan quotes on MortgageSelector.com, bringing the total number of lending participants on the site to 25.The newest lenders to the site are: Archon Financial, ARCS Commercial...

May 12, 2000 1st-Qtr 001st-Qtr 99FFO $38.1 mln$37.8 mln FFO/shr (diluted) $0.85 $0.77 Net Income $12.7 mln $13.7 mln Net/shr$0.31 $0.31 Revenue$98.7 mln $88.8 mln Shares outst.41.6 mln 45.9 mln

May 11, 2000 NEW YORK – New York Life has agreed to lease the Morris Technology Center, a 257,000-square-foot office property in Parsippany, N.J., that is owned by a venture between Wellsford Real Properties Inc. (AMEX:WRP) and Goldman...

May 11, 2000 1st-Qtr 001st-Qtr 99FFO $18.3 mln$11.7 mln FFO/shr (diluted) $0.32 $0.30 Net Income $24.6 mln $5.8 mln Net/shr$0.65 $0.15 Revenue$37.1 mln $24.5 mln Shares outst.38 mln 39.5 mln

May 11, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorTrammell Crow Co. senior vice president/principal Henry Johnson has closed two industrial property lease renewals in Fontana, Calif., with a combined value of about $10 million.The company...

May 11, 2000 COLUMBIA, Md. – General Dynamics Electronic Systems has leased 91,839 square feet at 221 National Business Park, a 120,000-sf building in Columbia, Md.The building is owned by Corporate Office Properties Trust (NYSE: OFC). It is...

May 11, 2000 James M. Steuterman has resigned as executive vice president and chief operating officer of New Plan Excel Realty Trust (NYSE: NXL). He also resigned from the REIT's board.The company's recently appointed chief financial officer, John...

May 11, 2000 1st-Qtr 001st-Qtr 99FFO $75.2 mln$92.9 mln FFO/shr (diluted) $0.55 $0.66 Net Income $45.7 mln$30.5 mln Net/shr$0.38 $0.24

May 11, 2000 1st-Qtr 001st-Qtr 99FFO $195.6 mln$179.8 mln FFO/shr (diluted) $0.69 $0.62 Extra Gain (Loss) $(0.6 mln) $(3.2 mln) Net Income $91.6 mln $78.8 mln Revenue$468.9 mln $475.1 mln Shares outst.283.6 mln 291.4 mln

May 11, 2000 1st-Qtr 001st-Qtr 99FFO$65.8 mln$59.4 mlnAdj. FFO/shr (diluted)$0.40$0.35Net Income$36.7 mln$28.2 mlnNet/shr$0.28$0.22Revenue$151.4 mln150.8 mlnShares out.148.4 mln148.5 mln

May 11, 2000 1st-Qtr 001st-Qtr 99FFO $169.9 mln $145.4 mln FFO/shr (diluted) $1.19 $1.08 Net Income $72.8 mln $64.2 mln Net/shr$0.57 $0.54 Revenue$485.4 mln $416.1 mln Shares outst.(basic)127.8 mln 119 mln

May 11, 2000 A bank syndicate led by UBS Warburg and Fleet Boston Financial is expected to fund tomorrow an $850 million credit line to Crescent Real Estate Equities Co. (NYSE:CEI).The credit line, which was first announced in...