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 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 4, 2000Go To Moody's Revised Pre-Sale Report.Go To Fitch IBCA's Revised Presale Report.Original Price Talk From March 27.LB-UBS Commercial Mortgage Trust 2000-C3ClassAmount($mln)Sub. Level(%)RatingMoody'sRatingFitchAvg.LifePrice Talk(BP)BnchMarkA-138520.25AaaAAA5+30 area1-mo. LiborA-2657.320.25AaaAAA10+45 area1-mo. LiborB71.914.75Aa2AA10+185 areaTreas.C49.011A2A10+197 areaTreas.D19.69.5A3A-10+207 areaTreas.E13.18.5Baa1BBB+10+230-235Treas.F13.17.5Baa2BBB10+240-245Treas.G11.86.6Baa3BBB-10+280-285Treas.X*1.31 bilN/AAaaAAA--+375 areaTreas.* Interest only.

May 4, 2000 Developer plans $6.6 Mln North Philips Centre The Florida Times-Union, May 4JACKSONVILLE, Fla. – L.J. Development Group Inc. will build a $6.6 million North Philips Centre at Philips Highway and Emerson Street. Pending due diligence,...

May 4, 2000 SAN FRANCISCO – Nearly a dozen public and private real estate firms have formed an Internet incubator that will fund, sponsor and acquire interests in real estate-related Internet companies. The incubator, Project Constellation has not...

May 4, 2000 ATLANTA – First Union National Bank has provided $22.5 million of construction/permanent financing for an Atlanta apartment complex that Roberts Realty Investors Inc. (Amex:RPI) is developing.The loan carries a fixed rate of 8.62 percent and...

May 4, 2000CHICAGO – Equity Office Properties Trust (NYSE:EOP) has named David A. Helfand executive vice president of new business development.Helfand, formerly a senior vice president, will continue to oversee the REIT's mergers and acquisitions group and international...

May 4, 2000 Building gives TrizecHahn big rent paydayThe Toronto Star, May 4TORONTO – TrizecHahn's purchase of CN Tower is resulting in a $50 a square foot rent beyond taxes and operating costs because it included a building,...

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...

May 3, 2000MADISON, N.J. – American Home Products Corp. (NYSE:AHP) has agreed to buy the Aventis Pharmaceuticals (formerly Rhone-Poulenc Rorer, now combined with Hoechst Marion Roussel) campus in Collegeville, Pa., a suburb of Philadelphia.Neither company is disclosing financial...

May 3, 2000 WASHINGTON – CarrAmerica Realty Corp. (NYSE:CRE) and FrontLine Capital Group (Nasdaq:FLCG) extended their closing date to May 31 for the merger of HQ Global Workplaces, CarrAmerica's executive office suites affiliate, with Vantas Inc., Frontline's executive...

May 3, 2000 Lend Lease Real Estate Investments Inc. said it has purchased a majority interest in the Leo Burnett Building from Starwood Capital Group on behalf of an institutional client, according to an article in The Chicago...