February 28, 2000 Asset Investors Corp. has provided an independent auditors' report of its $36.8 million purchase of four manufactured home communities in Florida from Community Acquisition and Development Corp. Go to Previous Story in the IPGDirect.com Archive.

February 28, 2000 Blue Lake draws interest as telecom hubSouth Florida Business Journal, February 28BOCA RATON, Fla. – An MCI Worldcom switching station or one similar could be in the works for the Blue Lake Corporate Center. Partners...

February 28, 2000 (NewsTraders.com) – Kennedy-Wilson Inc. (NYSE: KWIC) today received another analyst downgrade on its stock due to its lackluster fourth-quarter 1999 earnings, despite the company's reported record revenues for the year overall. Wedbush Morgan analyst Derek...

February 28, 2000 NEW YORK – A partnership between Investcorp, Crow Holdings and Lincoln Equities Group has bought a seven-property, 1.5 million-square-foot office portfolio in Northern New Jersey for more than $150 million. The exact sale price was...

February 28, 2000 RICHMOND, Va. – Cornerstone Realty Income Trust (NYSE:TCR) has contracted to sell 16 communities containing 3,609 apartment homes to an undisclosed buyer for about $136.5 million. The sale, expected to close within the next 30...

February 28, 2000 By Thomas J. Walsh, IPGDirect.com Senior WriterWall Street traders and investors of commercial mortgage-backed securities said this afternoon that GMAC Commercial Mortgage Corp. is starting preliminary marketing for a new $910 million conduit deal. The...

February 25, 2000 NEW YORK – A venture between Wellsford Real Properties Inc. (AMEX:WRP) and Goldman Sachs' Whitehall Street Real Estate Fund has leased 201 University Avenue, an 82,000-square-foot office building in Westwood, Mass., to RCN Corp. in...

February 25, 2000 DALLAS – Remington-Hall Capital Corp. (OTC Bulletin Board:REMH) has moved its corporate headquarters to larger offices as part of a reorganization.The real estate investment firm, which specializes in multi-family and mid-rise office buildings, has also...

February 25, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98Net Income $1.1 mln $3.1 mln $5.8 mln $5.3 mln Net/shr$0.11 $0.46 $0.58 $0.78 Revenue$25.9 mln $19.2 mln $88.2 mln $50.9 mln Shares outst.9.6 mln 6.7 mln 10 mln 6.8 mln

February 25, 2000 Vornado Finance Pass-Through Certificates, Series 2000-VNOClassAmount($mln)Sub. Level(%)RatingMoody'sRatingDuff & PhelpsAvg. LifePriced (BP)BnchMarkA-16140.4AaaAAA5.7+114Treas.A-223740.4AaaAAA10+150.5Treas.B5529.4Aa2AA10+165.5Treas.C5618.2A2A10+187.5Treas.D1714.8A3A10+197.5Treas.E455.8Baa2BBB10+225Treas.F290.0Baa3BBB-10+261.5Treas.Go To Original Price Talk, with Pre-Sale Reports (Feb. 16)

February 25, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $61.1 mln$59.3 mln $244.2 mln $211.4 mln FFO/shr (diluted) $0.86 $0.85 $3.45 $3.22 Extra Gain (Loss) ($1.6 mln) ($0.02 mln) ($7.3 mln) ($0.4 mln) Net Income $34.5 mln$32.3 mln$138.1 mln$125.7...

February 25, 2000 NEW YORK – Standard & Poor's has downgraded two classes of a commercial mortgage-backed securities issue that was floated by J.P. Morgan in 1995. It also affirmed the ratings on nine other classes of the...

February 25, 2000 (NewsTraders.com) -- Kennedy-Wilson (NASDAQ:KWIC) came under fire this morning from Friedman Billings Ramsey analyst Charles Post, who lowered his rating on the stock to "market perform" from "buy," while chiding the company for its fourth-quarter...

February 25, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $4.5 mln$3.8 mln $26.4 mln $24 mln FFO/shr (diluted) $0.16 $0.13 $0.92 $0.74 Net Income $3.7 mln $3 mln $23.2 mln $22.2 mln Net/shr$0.13 $0.11 $0.81 $0.68 Revenue$13.2 mln $17.9...

February 25, 2000 DALLAS – A unit of Olympus Real Estate Corp. has acquired the assets of Chalet Susse International, giving it the firm's chain of 34 economy hotels in New England and the Mid-Atlantic U.S.Financial terms were...

February 25, 2000 Thomas J. Crocker and Robert E. Onisko have joined Koger Equity (AMEX:KE) as chief executive and chief financial officer, respectively.The two will be headquartered at Kroger's Jacksonville, Fla., offices. They formerly were with Crocker Realty...

February 25, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98Net Income $7 mln $1.7 mln $10.3 mln $11.1 mln Net/shr$0.32 $0.07 $0.46 $0.50 Revenue$214.4 mln $149 mln $678.5 mln $507.4 mln Shares outst.21.5 mln 22.4 mln 22.6 mln 22 mln

February 25, 2000 NEW YORK – New Plan Excel Realty Trust Inc. (NYSE:NXL) has named Glenn J. Rufrano, a partner and president of The O'Connor Group, chief executive and president of the company.Rufrano succeeds Arnold Laubich, who will...

February 25, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $7.3 mln$6.4 mln $26.1 mln $23.4 mln FFO/shr (diluted) $0.39 $0.35 $1.40 $1.34 Net Income $6.6 mln $5.9 mln $19.8 mln $13.6 mln Net/shr$0.37 $0.32 $1.15 $0.78 Revenue$16.2 mln$15.2 mln...

February 25, 2000 Kanata set to build town centerThe Ottawa Citizen, February 25KANATA, Ont. – City officials have unveiled plans for a town center they hope will become a commercial and residential hub for Ottawa's western suburbs. Kanata...

February 25, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $174.1 mln$154.2 mln $574 mln $375 mln FFO/shr (diluted) $0.93 $0.82 $3.06 $2.83 Extra Gain (Loss) ($4.5 mln) $0.1 mln ($18.7 mln) $7.1 mln Net Income $51.5 mln $53.2 mln...

February 25, 2000 Honeywell to shed a building near U.S. 19St. Petersburg Times, February 25LARGO, Fla. – Honeywell is offering two of its seven plant buildings for sale along the busy U.S. 19 corridor. Once one building sells,...

February 25, 2000 NEW YORK – Standard & Poor's has placed the ratings of New Plan Excel Realty Trust (NYSE:NXL) on CreditWatch with negative implications. The action affects $909.6 million of debt and preferred stock and reflects New...

February 24, 2000 CarrAmerica Realty Corp. (NYSE:CRE) has filed a correction to information it released earlier this month regarding its the basic and diluted income per common share figures.The updated information can be found in a Form 8-K/A...

February 24, 2000 NEW YORK – The Greenwich Group International is staking a claim on the Internet.The New York real estate investment bank is launching CapitalEngine.com, which it says will help property owners raise capital via the world-wide...