4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $7.9 mln$8.5 mln $34.9 mln $23.9 mln FFO/shr (diluted) $0.23$0.25 $1.02 $1.14 Net Income (Loss) ($14.9 mln) $3.7 mln ($8.1 mln) $3 mln Net/shr($0.49) $0.11($0.26) $0.14 Revenue$21.4 mln $19.4 mln $82.4 mln $71.8...

March 7, 2000 ROCKVILLE, Md. – Jeffrey S. Berkes has rejoined Federal Realty Investment Trust (NYSE:FRT) as vice president of strategic transactions.In this position, Berkes will be responsible for all acquisitions, dispositions and other transactions involving the Trust's...

March 7, 2000 COLUMBUS, Ohio – Petroleum Realty Investment Partners L.P., backed by a $300 million credit facility through Lehman Brothers, today purchased its first sale-leaseback of a BP-brand gas station. Petroleum Realty, which plans to go public...

March 7, 2000 AmeriVest Properties Inc. (AMEX:AMV) has registered 3 million common shares worth up to $15 million in preparation for a sale of its stock.In addition, the company has hired Sheridan Realty Advisors LLC to manage its...

March 7, 2000 NORTHBROOK, Ill. – Grubb & Ellis Co. (NYSE: GBE) has established a global strategic alliance with Knight Frank, an international real estate service firm, to create a common service delivery platform to provide consistent service...

SACRAMENTO, Calif. – The California Public Employees' Retirement System has retained Pendelton James Associates, an investment management consulting firm, to conduct an international search for the pension fund's new chief investment officer.The vacancy for the CIO position was...

March 7, 2000 HORSHAM, Pa. – GMAC Commercial Mortgage Corp. has created a new "institutional investor business unit" aimed at catering to the needs of life companies and institutional investors.Michael B. Goorvich, currently GMACCM's senior vice president of...

March 7, 2000 AEW Targeted Securities Fund II LP has registered its 681,800 common shares of Apartment Investment & Management Co. (NYSE:AIV) to be sold for up to $25 million, or about $37/share.Details can be found in a...

March 7, 2000 (NewsTraders.com) – Kensington Investment Group Inc., the holder of a 9.6 percent equity stake in Malan Realty Investors (NYSE:MAL), is pushing for representation on the struggling REIT's board of directors.In an SEC schedule 13-D filing...

March 7, 2000 NEW YORK – W. P. Carey & Co. has acquired two office/manufacturing facilities on behalf of its private REIT, Corporate Property Associates 14. The properties were owned by Stellex Technologies Inc. The $19.3 million sale-leaseback...

March 6, 2000 LoopNet Inc. has started offering visitors to its site hybrid and floating rate mortgages.The Internet company, which offers mortgages via its LoopLender site, has formed partnerships with Archon Financial, a unit of Goldman Sachs, and...

March 6, 2000 NEW YORK – Standard & Poor's has lowered the credit rating of First Union Real Estate Investments (NYSE:FUR). The rating agency lowered the REIT's corporate credit rating to B-plus from double-B-minus. In addition, S&P affirmed...

March 6, 2000 NEW YORK – Tarragon Realty Investors Inc. (NASDAQ:TARR) has terminated its REIT status for this year. The move would allow the company to take advantage of the $40 million of net loss carryforwards, continue its...

March 6, 2000 Moody's and Fitch IBCA have published pre-sale reports for GMAC Commercial Mortgage Corp., 2000-C1, a $916 million commercial mortgage-backed securities deal. Go to Previous Story in the IPGDirect.com ArchiveGo to Fitch IBCA's Pre-Sale ReportGo to...

March 6, 2000 TrizecHahn mum on Montreal propertyThe National Post, March 4TORONTO – Sources say TrizecHahn Corp. has agreed to sell its Montreal properties to SITQ Immobilier. Both parties to the deal refused to comment. The portfolio includes...

March 6, 2000 NORTHBROOK, Ill. – Grubb & Ellis Co. (NYSE:GBE) has named Thomas Arai regional senior vice president for the western region of its Grubb & Ellis Management Services Inc. unit.Arai was formerly vice president of asset...

March 6, 2000 NEW YORK – Kennedy-Wilson Inc. (NASDAQ:KWIC) has hired Neil L. Kennedy as senior adviser to market U.S. properties to European investors, which are becoming a powerful force in the U.S. real estate market.Kennedy most recently...

March 6, 2000 On September 15, 1999, the Second Appellate District of the California Court of Appeal, in Ernest Auerbach et al. v. Great Western Bank, held that a borrower was not entitled to damages for making payments...

March 6, 2000 Blue Lake deadline loomingBoca Raton News, March 6BOCA RATON, Fla. – A 60-day due diligence period for the possible purchase of the 557-acre Blue Lake property will end March 12, two days before an election...

March 6, 2000A British commercial mortgage-backed securities deal backed by the cash flow from leases on 16 Sainsbury's supermarkets is on the market.The ?335 million (US$528.15 million) deal is being underwritten by Morgan Stanley Dean Witter. The bonds...

March 3, 2000 (NewsTraders.com) -- Public Storage (NYSE:PSA) filed with regulators Friday morning to report holding a 6.4% stake in smaller rival Shurgard Storage Centers (NYSE:SHU), and also to state its continued belief that a business combination "could...

March 3, 2000 Hotelier amused by land appraisalOrlando Sentinel, March 3ORLANDO, Fla. – The appraisals are back on the 330 acres of land coveted by hotelier Harris Rosen as a possible site for his next hotel, and they...

March 3, 2000 $886.4 Million GMAC Commercial Mortgage Conduit 2000-C1ClassAmount($mln)Sub. Level(%)RatingMoody'sRatingFitchAvg.LifePriceTalk(BP)BnchMarkA-1125.925AaaAAA5.7+33 area1-mo. LiborA-2541.125AaaAAA9.6+42 area1-mo. LiborB37.720.75Aa2AA9.8+155 areaTreas.C42.115.75A2AA-9.8+168 areaTreas.D8.914.75A3A-9.8+176 areaTreas.E3111.25Baa2BBB9.8+210 areaTreas.F15.59.75Baa3BBB-9.8+260 areaTreas.X886.4N/AAAAAaa9.1+400 @ 100 cprTreas.

March 3, 2000 By Paul Gereffi, IPGDirect.com CorrespondentThe Burlington Manufacturers Outlet Mall in Burlington, N.C., has been put up for sale. The 225, 065-square-foot mall has an asking price of $10.25 million. The seller is a local partnership...

March 2, 2000 Aviation center industrial park to be built near Opa-locka AirportDaily Business Review, March 2MIAMI – Pasquale Properties will develop a 178-acre industrial park on county land adjacent to Opa-locka Airport to cater to aviation companies....