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 3, 2000 1st-Qtr 001st-Qtr 99FFO $68.5 mln$73.8 mln FFO/shr (diluted) $1.00 $0.97 Net Income $12.7 mln $30.6 mln Net/shr$0.21 $0.45 Revenue$126.8 mln $126.9 mln Shares outst.68.7 mln 76 mln

By Brad Berton, Commercial Real Estate Direct Contributing EditorBascom Group LLC, of Irvine, Calif., has pushed its Southern California apartment portfolio beyond 4,200 units with the $21.2 million acquisition of Hillpointe Apartments in the southern Orange County community...

May 3, 2000 1st-Qtr 001st-Qtr 99FFO $6.5 mln$6.2 mln FFO/shr (diluted) $0.35 $0.33 Net Income $7.7 mln $2.3 mln Net/shr$0.43 $0.16 Revenue$14.6 mln $13.7 mln Shares outst.18.8 mln 17.3 mln

May 3, 2000 (NewsTraders.com) – Friedman Billings Ramsey analyst Merrill Ross today lowered FelCor Lodging Trust (NYSE:FCH) to "accumulate" from "buy." Citing an increase in leverage and interest expense as reasons for the move, Ross placed a $21...

May 3, 2000 NEW YORK – Clarion Partners has acquired Waltham Woods Corporate Center, a 394,000-square-foot office complex outside of Boston from an investment group led by Leggat McCall Properties and DLJ Real Estate Capital Partners.Terms of the...

May 3, 2000 1st-Qtr 001st-Qtr 99FFO/shr (diluted) $0.55 $0.48 Net Income $31.8 mln $15 mlnNet/shr$0.19 $0.10 Revenue$316 mln $271 mln

May 3, 2000 (NewsTraders.com) – BRE Properties (NYSE:BRE) has filed with the SEC today to register 11.8 million shares of its Internet services subsidiary, VelocityHSI, for distribution to its shareholders.In the distribution, shareholders of BRE, a San Francisco-based...

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...

May 3, 2000 Clarion Partners purchases Lenox BuildingThe Wall Street Journal, May 3 ATLANTA – Clarion Partners has purchased the Lenox Building from Simon Property Group for an institutional client. According to people with knowledge of the deal,...

May 3, 2000 NEW YORK – RealPulse.com, the new real estate technology firm that until now has been secretive about its plans as it has hired away top commercial mortgage industry leaders, today announced plans for an interactive...

May 3, 2000 OXNARD, Calif. – The board of directors of LTC Properties Inc. (NYSE: LTC) has adopted a stockholder rights plan but says that action was not taken in response to any offers to acquire the company.Under...

May 3, 2000 1st-Qtr 001st-Qtr 99FFO $15.4 mln$14.5 mlnFFO/shr (diluted) $0.63 $0.59 Net Income $25.9 mln $7.3 mlnNet/shr$1.23 $0.32 Revenue$30.8 mln $30.5 mln Shares outst.24.5 mln 24.5 mln

May 2, 2000 IRVING, Texas – FelCor Lodging Trust Inc. (NYSE:FCH) has received $186 million in first mortgage financing from Chase Manhattan Bank.The financing is secured by eight Embassy Suites hotels. It carries an 8.69 percent fixed interest...

May 2, 2000 Cambridge Realty Capital Cos. has provided $5.8 million of bridge financing for two Kansas assisted living facilities. The financing will allow Royalcrest Living of Hamilton, Ont., to buy the Holiday Estates and Holiday Resorts facilities...

May 2, 2000 O & Y set to go with skyscraperThe Toronto Star, May 2TORONTO – O & Y Properties Corp. is planning to build the first office project downtown since the recession of the early, with a...

May 2, 2000TEJON RANCH, Calif. – Tejon Ranch Co. (NYSE: TRC), one of the largest contiguous land owners in California, has reached an agreement with IKEA for the sale of an 80-acre site on which IKEA will build...

May 2, 2000 NEW YORK – Fitch IBCA has placed all rated classes in Commercial Capital Access One's commercial mortgage bonds series 2 and 3 on "rating alert evolving."Fitch IBCA does not rate the class E, F, or...

May 2, 2000 (NewsTraders.com) -- Public Storage (NYSE:PSA), which made an overture in mid-April to acquire Shurgard Storage Centers (NYSE:SHU), appears to have received the cold shoulder from its smaller rival.In an amended Schedule 13D filing this morning,...

May 2, 2000CHICAGO – PricewaterhouseCoopers-BPO Solutions LLC has signed a lease for 19,920 square feet at 175 W. Jackson as the renovation of the 1.4 million-sf structure, formerly the Insurance Exchange Building, nears completion.Although terms of the lease...