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 9, 2000 CUPERTINO, Calif. – Mission West Properties Inc. (Amex:MSW) has paid $11.6 million, or $118/sf, for a 98,500-square-foot research and development property in Sunnyvale, Calif.The property, on Caspian Drive, was purchased from the Berg Group under...

May 9, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorThe University of Southern California has substantially expanded and extended its occupancy commitment at the former C.F. Braun Engineering headquarters complex in Alhambra, Cal., just east of...

May 9, 2000 Unisource moving to SouthpointThe Florida Times-Union, May 9JACKSONVILLE, Fla. – Unisource Worldwide Inc. plans to vacate its current two and a half floors of office space in the Suddath building by the end of June....

May 9, 2000 By Orest Mandzy, Commercial Real Estate Direct Managing EditorTeachers Insurance has provided $59 million of fixed-rate financing to Keystone Property Trust (Amex:KTR) for its $91 million purchase of industrial properties from Reckson Associates Realty Corp....

May 9, 2000 (NewsTraders.com) -- CarrAmerica Realty Corp. (NYSE:CRE) was upgraded to "outperform" from "neutral" by Lehman Brothers today, as analyst David Shulman said the real estate investment trust "is enjoying the benefits of owning and developing property...

May 9, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorBN Properties LLC of Malibu, Calif., has acquired the 160-unit Colonial Gardens Apartments in the Mar Vista community of Los Angeles' Westside for $12.7 million, or $79,375...

May 9, 2000 Go To Initial Price Talk.1211 Avenue of the Americas Trust, Series 2000-1211ClassAmount($mln)RatingMoody'sRatingFitchPriced(BP)BnchMarkA141.3AaaAAA+174Treas.B46.5Aa2AA+186Treas.C40.8A2A+195Treas.D43.7Baa2BBB+215Treas.E27.7Baa3BBB-+255Treas.X*300AaaAAAN/ATreas.* Interest-only strip.Go To Fitch IBCA Pre-Sale Report.Go To Moody's Pre-Sale Report.

May 9, 2000 NewsTraders.com) -- Finova Group (NYSE:FNV), a provider of financing and capital market products, was demoted to "neutral" from "outperform" today by Salomon Smith Barney, according to a source at the brokerage.Yesterday, the Phoenix-based company said...

May 9, 2000 ROCKVILLE, Md. – Washington Real Estate Investment Trust (NYSE: WRE) has paid $7.7 million for a nine-story office building at 962 Wayne Avenue in Silver Spring, Md.The price for Wayne Plaza, which contains about 91,100...

May 9, 2000 (NewsTraders.com) – Proclaiming that "strong performance year-to-date has reinforced our bullish outlook," Credit Suisse First Boston analyst Lee Schalop initiated coverage of 32 real estate companies today with a mixed bag of ratings, including AvalonBay...

May 9, 2000 City, developer strike deal over glass on towerThe Vancouver Sun, May 9VANCOUVER, British Columbia – The City Council has reached a compromise with developer Peter Wall that ensures completion of the 110 million Canada dollar...

May 9, 2000 1st-Qtr 001st-Qtr 99FFO $20.2 mln$18.4 mln FFO/shr (diluted) $0.65 $0.59 Net Income $10.7 mln $9.4 mln Net/shr$0.40 $0.40 Revenue$36 mln $29.3 mln Shares outst.23.6 mln 23.7

May 9, 2000 1st-Qtr 001st-Qtr 99FFO $34.2 mln$33.4 mln FFO/shr (diluted) $0.54 $0.49 Net Income $38 mln $21.9 mln Net/shr$0.51 $0.24 Revenue$68.8 mln $65.1 mln Shares outst.63.8 mln 64 mln

May 9, 2000 1st-Qtr 001st-Qtr 99FFO $3.8 mln $4.4 mln FFO/shr $0.40 $0.47 Extra Gain (Loss) ($1.1 mln) -- Net Income $3.5 mln $3.2 mln Net/shr$0.37 $0.34 Revenue$7.6 mln $7 mln Shares outst.9.5 mln 9.5 mln

May 9, 2000By Brad Berton, Commercial Real Estate Direct Contributing EditorWild Oats Markets Inc., North America's biggest chain of natural foods stores, has signed a 20-year lease for a 25,160-sf store at the Plaza de La Paz shopping...

May 9, 2000 ATLANTA – ProLogis (NYSE:PLD) is planning to develop a 54-acre industrial park, ProLogis Park Breckinridge, in northeast Atlanta.The complex will support four distribution facilities totaling 550,000 square feet.ProLogis plans to develop two inventory facilities and...

May 9, 2000 By Oranan Paweewun, NationBANGKOK, Thailand – Starwood Capital Group is increasing its stake in Thai property developer Sansiri PLC to 51 percent from 8 percent.Starwood's plan, which is part of Sansiri's restructuring, would leave the...

May 8, 2000 NEW YORK – Standard & Poor's will hold a telephone conference call on Tuesday, May 9 at 11 a.m. Eastern time, to discuss its recently released article, "The Credit Impact of Secured Creditor Environmental Insurance...

May 8, 2000 1st-Qtr 001st-Qtr 99FFO $25.1 mln$23.7 mln FFO/shr (diluted) $0.62 $0.58 Net Income $12.2 mln $11.6 mln Net/shr$0.31 $0.29 Revenue$69.1 mln $63.6 mln Shares outst.40.6 mln 40.5 mln

May 8, 2000 1st-Qtr 001st-Qtr 99FFO $20.5 mln$18.7 mln FFO/shr (diluted) $0.64 $0.59 Net Income $8.6 mln $7.2 mln Net/shr$0.30 $0.26 Revenue$48.8 mln $45.6 mln Shares outst.28.6 mln 28.2 mln

May 8, 2000 1st-Qtr 001st-Qtr 99FFO $18.1 mln$10.3 mln FFO/shr (diluted) $0.19 $0.15 Net Income $2.6 mln $0.9 mln Net/shr$0.15 $0.10 Revenue$25 mln $16.4 mln Shares outst.(Basic)17 mln 8.2 mln

May 8, 2000 1st-Qtr 001st-Qtr 99FFO $15.6 mln$14.5 mln FFO/shr (diluted) $0.63 $0.56 Net Income $8.7 mln $7.8 mln Net/shr$0.38 $0.33 Revenue$41.8 mln $39.4 mln Shares outst.22.6 mln 24 mln

May 8, 2000 (NewsTraders.com) – Salomon Smith Barney lowered shares of Shurgard Storage Centers (NYSE: SHU) to "neutral" from "outperform"Further information on the ratings demotion of the Seattle-based REIT wasn't readily available.