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 11, 2000 Giant mall opens gates this morningThe Tennessean, May 10OPRY MILLS, Tenn. – The $200 million, 1.2 million-square-foot Opry Mills entertainment and shopping complex has opened. Highlights at the 185-store mall include Off 5th, a 150,000-sf...

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 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.

May 10, 2000(NewsTraders.com) – Crescent Real Estate Equities (NYSE: CEI) was inaugurated with a "strong buy" opinion in new coverage today from UBS Warburg's Anthony Davis, who also dished out a $25 price target for the stock.At current...

May 10, 2000(NewsTraders.com) – Finova Group (NYSE: FNV), a provider of financing and capital market products, received a rating lift today from Friedman Billings Ramsey analyst Rob Schwartzberg, who promoted the stock to "accumulate" from "under perform."The market...

May 10, 2000 Industry News: CarrAmerica Realty to sell properties in FloridaThe Miami Herald, May 9CarrAmerica Realty Corp. plans to sell its Florida and Phoenix office properties, worth about $200 million to raise cash to fund higher-yielding developments,...

May 10, 2000 An affiliate of Reckson Associates Realty Corp. (NYSE:RA) has committed to invest up to $100 million in Medical Properties of America, a Nashville, Tenn., company that buys and manages healthcare properties. The affiliate, Reckson Strategic...

May 10, 2000 ANN ARBOR, Mich. – Captec Financial Group Inc. has provided $7.6 million of financing to Winterhill Development Co. LLC, which is using the debt to buy 10 Taco Bell restaurants in the Milwaukee area.Winterhill, a...

May 10, 2000 No rush to build Oxford towerThe Toronto Star, May 10TORONTO – A controversial 41-story, 700,000-square-foot office tower slated for the Concourse Building site will not be built until economic conditions support the development, Oxford Properties...

May 10, 2000 LOS ANGELES – Jeffrey E. Friedman, a Credit Suisse First Boston investment banker who helped structure some $1 billion of financing for Maguire Partners, has joined the Los Angeles investment firm as partner.Friedman becomes one...

May 10, 2000 1st-Qtr 001st-Qtr 99FFO (diluted) $12.2 mln$14.2 mln FFO/shr (diluted) $0.33 $0.36 Extra Gain (Loss) $(1.9 mln) $ -- Net Income $2.7 mln $20.9 mln Net/shr$0.10 $0.60 Revenue$34.8 mln $36.2 mln Shares outst.26.6 mln 34.6 mln

May 10, 2000 1st-Qtr 001st-Qtr 99FFO $11.7 mln $13.0 mln FFO/shr (diluted) $0.58 $0.61 Net Income $4.7 mln $6.4 mln Net/shr$0.28 $0.36 Revenue$32.9 mln $32.4 mln Shares outst.16.5 mln 17.7 mln

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, 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, 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, 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.