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.

May 5, 2000 1st-Qtr 001st-Qtr 99FFO $53.7 mln$46.1 mln FFO/shr (diluted) $0.72 $0.60 Net Income $31.8 mln $46.2 mln Net/shr$0.34 $0.52 Revenue$136.6 mln $121.5 mln Shares outst.74.2 mln 78.6 mln

May 5, 2000 (NewsTraders.com) – Salomon Smith Barney has lifted CarrAmerica Realty (NYSE:CRE) to "outperform" from "neutral" with a $24.00-to-$28.50 price target..The REIT yesterday released its first-quarter funds from operations as $53.5 million, or $0.72 per share, representing...

May 5, 2000 By Orest Mandzy, Commercial Real Estate Direct Managing EditorThe Adler Group has put the Gables 1 Tower in Miami on the market. The 230,000-square foot building, which is expected to sell for $26 million, or...

May 5, 2000 BINGHAM FARMS, Mich. – Malan Realty Investors Inc. (NYSE:MAL) has agreed to sell a Manchester, Mo., shopping center for $6.8 million.The 117,000-square-foot center, which is anchored by Kloss Furniture and is 97 percent occupied, is...

May 5, 2000 Nordstrom will anchor new mallThe Tennessean, May 5 BRENTWOOD, Tenn. – The Rouse Co. has announced the 128-acre parcel, known as the "flagpole property," next to the Service Merchandise headquarters, will be developed for a...

May 5, 2000 ST. PAUL, Minn. – CSM Corp., a privately held investment firm, is raising $100 million of capital to buy limited- and full-service hotels across the country.The fund, which will be operated by the firm's CSM...

May 5, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorPacific Coast Feather Co. has leased a 335,000-square-foot industrial building in the City of Pico Rivera, Calif., in the heart of the Los Angeles area's industrial San...

May 5, 2000 LUTHERVILLE, Md. – Mid-Atlantic Realty Trust (NYSE:MRR) has paid $6.2 million for a vacant shopping center in Baltimore County, Md.The property, which Mid-Atlantic plans to redevelop, was formerly occupied by a Hechinger's. Once redeveloped, it...

May 5, 2000 Go To Moody's Pre-Sale Report.Go To S&P's Presale Report.Go To Fitch IBCA's Presale Report. Starwood Asset Receivables Trust, Collateralized Mortgage Bonds, Ser. 2000-1ClassAmount($mln)Sub. Level(%)RatingMoody'sRatingS&PRatingFitchAvg.LifePriced(BP)BnchMarkA484.759AaaAAAAAA1.7+30LiborB94.651Aa2AAAA3.4+50LiborC106.442A2NRA+3.7+100LiborD53.237.5NRNRA4145LiborE124.127NRNRBBB4.5275LiborF35.523.75NRNRBBB-4.7N/ALiborClasses G, H and I, totaling $280.8 million, were retained by Starwood.

May 5, 2000 1st-Qtr 001st-Qtr 99FFO $8.6 mln$7.5 mln FFO/shr (diluted) $0.44 $0.37 Net Income $4.6 mln $3.9 mln Net/shr$0.28 $0.23 Revenue$24.5 mln $22.7 mln Shares outst.16.4 mln 16.7 mln

May 5, 2000 1st-Qtr 001st-Qtr 99FFO $9.1 mln$8.5 mln FFO/shr (diluted) $0.50 $0.47 Net Income $3.0 mln $1.5 mln Net/shr$0.19 $0.10 Revenue$29.6 mln $26.6 mln Shares outst.15.8 mln 15.6 mln

May 5, 2000 1st-Qtr 001st-Qtr 99FFO $29.9 mln$26.4 mln FFO/shr (diluted) $0.63$0.60 Net Income $7.6 mln $6.5 mln Revenue$71.4 mln $70.8 mln

May 5, 2000 NEW YORK – Fitch IBCA has upgraded Allied Capital's (Nasdaq:ALLC) Commercial Mortgage Trust 1998-1 commercial mortgage collateralized bonds.Fitch raised the $21.7-million class B bonds to triple-A from double-A and the $21.7 million class C bonds...

May 5, 2000 CHATTANOOGA, Tenn. – George (Buck) Sappenfield has joined CBL & Associates Properties Inc. (NYSE: CBL) as senior vice president – asset management. Sappenfield will focus on inreasing the value of its 30 regional malls.He spent...

May 5, 2000 WHITE PLAINS, N.Y. – Nine West Group has subleased 203,100 square feet of office space at its complex here to Starwood Hotels & Resorts Worldwide IncThough details of the long-term term lease have not been...

May 4, 2000 (NewsTraders.com) – Deutsche Banc Alex Brown analyst Amy Young today upgraded Simon Property Group (NYSE:SPG) to "strong buy" from "buy."Further information wasn't readily available on the rating move.

May 4, 2000 Business KoreaSEOUL, Korea – The Saehan Group is planning to sell its headquarters building and other real estate holdings in order to keep its promise with creditor banks to improve its financial status. Properties put...

May 4, 2000 (NewsTraders.com) – Post Properties (NYSE:PPS) saw its rating from Prudential Securities climb to "strong buy" from "hold" yesterday, owing to a move from analyst Lou Taylor, who believes the worst is over as far as...

May 4, 2000Lourde John Constable has taken a controlling interest in Arizona Land Income Corp. (AMEX:AZL), according to a Form SC 13G/A filed today with the SEC.In addition to the 278,950 shares (12.7 percent) he holds himself, his...

May 4, 2000MINNEAPOLIS – American Hospitality Management Co. has posted an 81-unit EconoLodge for sale in the real estate section of eBay. The hotel was posted for auction on April 29th, with a minimum bid of $2.5 million.According...

May 4, 2000 ARLINGTON, Va. – Friedman, Billings, Ramsey & Co. Inc. (NYSE:FBR) has initiated coverage of Home Properties of New York (NYSE:HME) with a "Buy" rating and a 12-month price target of $31. "Given the consistent performance...

May 4, 2000 WASHINGTON– CarrAmerica Realty Corp. (NYSE: CRE) began construction of a 192,000-square-foot office complex for Harcourt Inc. at Braker Pointe in Austin, Texas.The site, at Braker Lane and MoPac Expressway, will consist of three office buildings...