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 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 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 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 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.