March 2, 2000 Forum redevelopment moving aheadMontreal Gazette, March 2MONTREAL – Canderel Ltd.'s $75 million redevelopment of the Forum into a film-and-entertainment complex is moving ahead. Workers are completing structural changes to the building, with the six subterranean...

March 2, 2000 CLEVELAND – Developers Diversified Realty Corp. (NYSE:DDR) has increased its common share dividend to 36 cents/share from 35 cents/share. The dividend is payable April 7 to shareholders of record on March 22.

March 2, 2000 NewsTraders.com) -- Reckson Associates (NYSE:RA) was downgraded today by Prudential Securities analyst Louis Taylor, who lowered the stock to "accumulate" from "strong buy."Of note, on Tuesday real estate concern Reckson reported its fourth-quarter funds from...

March 2, 2000 KyodoTOKYO – The newly privatized Long-Term Credit Bank of Japan said Thursday it obtained approval from its shareholders for the nomination of its 14 board members, six of whom are non-Japanese nationals. The Japanese bank...

March 2, 2000 CLEVELAND – Associated Estates Realty Corp. (NYSE:AEC) has appointed Louis E. Vogt as president and chief operating officer.He succeeds Jeffrey I. Friedman, who will continue to serve as chairman and chief executive.Vogt, who previously served...

March 2, 2000 GREENWOOD VILLAGE, Colo. – Chateau Communities Inc. (NYSE:CPJ) plans to buy back up to one million shares of its common shares.Chateau currently has 28.4 million common shares and 3.7 million operating partnership units outstanding.Gary McDaniel,...

March 2, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $1.1 mln$0.9 mln $4.3 mln $3.3 mln FFO/shr (diluted) $0.36 $0.31 $1.45 $1.42 Net Income $0.7 mln $1.7 mln $3.6 mln $5 mln Net/shr$0.25 $0.57 $1.23$2.16Revenue$2.4 mln $2.1 mln $10.2...

March 2, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $2.8 mln$2.5 mln $10.8 mln $9.5 mln FFO/shr (diluted) $0.35 $0.32 $1.36 $1.20 Extra Gain (Loss) $0.3 mln ($0.1 mln) -- ($0.3 mln) Net Income $2 mln $8.8 mln $7.2...

March 2, 2000 ROCKVILLE, Md. – Criimi Mae Inc. (NYSE:CMM) has recovered $45.9 million from the sale of eight classes of subordinate commercial mortgage-backed securities from Morgan Stanley Capital I, 1998-WF2. The sale brings Criimi another step closer...

March 2, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98Net Income $10.1 mln $7.5 mln $39.9 mln $26.2 mln Net/shr$0.53 $0.34 $1.91 $1.19 Revenue$1.4 bln$1.4 bln $4.4 bln $4.3 bln Shares outst.19.1 mln 22 mln 20.8 mln 22 mln

March 1, 2000 MENLO PARK, Calif. – Spieker Properties Inc. (NYSE: SPK) has acquired two West Coast office properties for $74.5 million. Quadrant Plaza in Bellevue, Wash., was purchased from a small local partnership called SPP Investments. It...

March 1, 2000 PHOENIX – InnSuites Hospitality Trust (AMEX:IHT) has appointed Anthony B. Waters to the additional position of CFO.Waters joined the REIT early last year as controller.

March 1, 2000 By Thomas J. Walsh, IPGDirect.com Senior WriterA $201 million collateralized bond obligation from CGA Investment Management that was to have priced earlier this week has been pushed back to next Monday or Tuesday (March 6-7)....

KyodoTOKYO – The government on Wednesday sold all its shares in the Long-Term Credit Bank of Japan (LTCB) to an international group led by U.S. fund Ripplewood Holdings LLC in a deal Japan's financial chiefs say will aid...

March 1, 2000 By Thomas J. Walsh, IPGDirect.com Senior WriterThe Japanese securitization market, as predicted, is now in full swing. At least three large-scale securitizations have been announced within the past two weeks – one office, one multifamily...

March 1, 2000 High-tech outfits squeezed out of downtownVancouver Sun, March 1VANCOUVER – A lack of office space is forcing high-tech companies away from downtown, according to brokers at the B.C. Real Estate Forum. High-tech firms accounted for...

March 1, 2000 King of lots speculates on renewalMiami Herald, March 1MIAMI – New York parking mogul Jacob Sopher has bought control of most of the land along Biscayne Boulevard near the American Airlines Arena. Last week, Sopher...

March 1, 2000 NEW YORK – W. P. Carey & Co. Inc. has acquired a facility under construction in Rock Island, Ill., from USAA Real Estate Co. in a sale-lease transaction worth more than $11 million.W. P. Carey...

March 1, 2000 (NewsTraders.com) – J.P. Morgan Securities analyst Lee Schalop initiated coverage of three industrial REITs today, first tagging AMB Property Corp. (NYSE:AMB) with a top-tier "buy" rating and a $22 price target.AMB is set to outperform...

March 1, 2000 By Nina Suebsuksharoen, Associated PressBANGKOK, Thailand – Big foreign investors who bailed out of Thailand and its neighbors during the Asian currency crisis are back and looking for bargains in the depressed real estate market....

March 1, 2000 HARRISBURG, Pa. – Hersha Hospitality Trust (AMEX:HT) has entered into a portfolio refinancing deal worth $23.5 million with Lehman Brothers Bank.The loan, which is collateralized by eight of its hotel properties, will be used to...

March 1, 2000 DALLAS – Olympus Real Estate Corp. has completed its previously announced $1.7 billion acquisition of Walden Residential Properties Inc., the large multifamily REIT.The transaction was completed after receiving the approval of Walden shareholders at a...

February 29, 2000 ARLINGTON, Va. – The Mills Corp. (NYSE: MLS) and Saks Inc. (NYSE: SKS) have agreed to open five new OFF 5TH Saks Avenue Outlet stores in Mills centers currently being developed. The first of the...

February 29, 2000 LOUISVILLE, Ky. – Ventas Inc. (NYSE:VTR) has completed the second phase of an amended long-term senior credit facility and is looking for a new CFO.Bank of America and J.P. Morgan are co-agents under the amended...

February 29, 2000 PORT WASHINGTON, N.Y. – Cedar Income Fund Ltd. (Nasdaq:CEDR) is changing its name to Uni-Invest (U.S.A.) Ltd., effective today. As a result, the name of Cedar Income Fund Partnership LP – the umbrella partnership REIT...