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 8, 2000 WASHINGTON – CarrAmerica Realty Corp.'s (NYSE: CRE) founder and chairman, Oliver T. Carr, Jr., is retiring, but will remain on the REIT's board.Thomas A. Carr has been appointed to the post of chairman. Carr has...

May 8, 2000 SAN DIEGO – First Commercial Corp. is planning to launch FirstLiquidity.com, a site that would allow the buying and selling of commercial mortgages on the secondary market. First Commercial, a seven-year-old firm that specializes in...

May 8, 2000The Japanese government's National Land Agency is calling for the development of new indices to track property price and rental movements as part of a broader initiative to bring faster growth to that country's budding securitization...

May 8, 2000 NEW YORK – Timothy J. Mackey, who most recently was helping the former Capital America wind down its operations, has joined Brickman Associates as vice president.In joining Brickman, a New York real estate investment firm,...

May 8, 2000 WEST CONSHOHOCKEN, Pa. – Keystone Property Trust (Amex:KTR) has completed the final leg of a $310 million purchase of industrial properties from Reckson Associates Realty Corp. (NYSE:RA)Keystone paid $91 million for five fully leased properties...

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.

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 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.