May 11, 2000 RICHMOND, Va. – Cornerstone Realty Income Trust (NYSE:TCR) has paid $26.8 million, or $65,700/unit, for the Greystone Crossing Apartments in Charlotte, N.C.The 408-unit complex was purchased via a tax-deferred exchange. Cornerstone used proceeds from a...

May 11, 2000 Council approves skyscraper to replace historic buildingThe National Post, May 11TORONTO – Oxford Properties Group Inc. will proceed with plans to dismantle the Concourse Building at 100 Adelaide St. W. Included in the 200 million...

May 11, 2000 1st-Qtr 001st-Qtr 99FFO $39.7 mln$50.9 mln FFO/shr (diluted) $0.44 $0.54 Extra Gain (Loss) ($2.7 mln) -- Net Income $21.8 mln $34.3 mln Net/shr$0.25 $0.38 Revenue$105.5 mln $111.2 mln Shares outst.90.9 mln 93.6 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...

May 11, 2000 By Susanna Potter, Commercial Real Estate Direct Staff WriterDALLAS – RealEstate4Sale.com, an online property-listing service, has shifted its focus to become a portal for the commercial real estate industry. The company has also changed its...

May 11, 2000(NewsTraders.com) -- PaineWebber analyst Keith Mills today initiated coverage of hotel concern Choice Hotels (NYSE:CHH) with an "attractive" recommendation and a $14 price target. Mills pointed out that Choice has recently launched two new businesses, Stay...

May 11, 2000 PALO ALTO, Calif. – Pacific Property Co. has paid $55 million, or $104,500/unit, for the Mountain Vista apartment complex in Fremont, Calif.Pacific Property, a private real estate investment firm that specializes in California apartment complexes,...

May 11, 2000 NEW YORK – A unit of Equity Residential Properties Trust (NYSE:EQR) has made a $25 million investment in Wellsford Real Properties Inc. (AMEX:WRP) by buying convertible trust preferred securities. Proceeds of the investment, which was...

May 10, 2000 1st-Qtr 001st-Qtr 99FFO $11.5 mln$9.3 mln FFO/shr (diluted) $0.61 $0.55 Net Income $4.5 mln $5.4 mln Net/shr$0.28 $0.33 Revenue$23.1 mln $20.9 mln Shares outst.18.9 mln 16.9 mln

May 10, 2000 1st-Qtr 001st-Qtr 99Net Income (Loss) $(7.5 mln) $(13.8 mln) Net/shr (Loss)$(0.25) $(0.45) Revenue$187 mln $160 mln Shares outst.30.3 mln 30.5 mln

May 10, 2000NEW YORK – CapitalEngine.com has hired Paul S. Saint-Pierre as senior managing director. Saint-Pierre will focus on raising equity for CapitalEngine clients and secondary market trading of real estate securities.Prior to joining CapitalEngine, Saint-Pierre was a...

May 10, 2000ATLANTA – Wells Real Estate Funds has paid $14.3 million for a 77,054-square-foot office building in Troy, Mich.The property, at 4685 Investment Drive, is fully leased to Siemens Automotive Corp under a 10-year net lease.

May 10, 2000 Cohen & Steers Capital Management Inc. has taken a 10.3 percent stake in Health Care Property Investors Inc. (NYSE:HCP).Cohen now owns 5.3 million common shares of the REIT, according to a Form SC 13G/A filed...

May 10, 2000 RALEIGH, N.C. – Highwoods Properties Inc. (NYSE:HIW) has formed a joint venture with two German investment funds and sold it five of its office buildings and a development project.The investment funds, Dreilander-Fonds 97/26 and 99/32...

May 10, 2000 Associated Press NASHUA, N.H. – Thanks to the popularity of large retailers, a booming economy and saturated building areas, southern New Hampshire has one of the lowest retail vacancy rates in New England. And according...

May 10, 2000Original Price Talk From March 27.Revised Price Talk From May 4.LB-UBS Commercial Mortgage Trust 2000-C1ClassAmount($mln)Sub. Level(%)RatingMoody'sRatingFitchAvg.LifePriced(BP)BnchMarkA-139520.25AaaAAA5+128.3 (L+30)Treas.A-2698.320.25AaaAAA10+166.6 (L+43)Treas.B75.414.75Aa2AA10+181.6Treas.C51.411A2A10+193.6Treas.D20.59.5A3A-10+203.6Treas.E13.78.5Baa1BBB+10+240Treas.F13.77.5Baa2BBB10+248Treas.G12.36.6Baa3BBB-10+295Treas.X*1.37 bilN/AAaaAAA--+350**Treas.*Interest only.** At 100 percent CPA.Go To Moody's Pre-Sale Report.Go To Fitch IBCA Presale Report.