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 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 $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 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 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 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 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 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 (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 24, 2000 CHICAGO – Duff & Phelps has confirmed that the transfer of master and special servicing rights from Amresco to Lend Lease Real Estate Investments, in and of itself, will not impact the ratings it has...

February 24, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $101.2 mln$97.6 mln $355.8 mln $360.1 mln FFO/shr (diluted) $0.75 $0.70 $2.58 $2.57 Net Income (Loss) $18.1 mln $44.7 mln ($7.4 mln) $150.6 mln Net/shr$0.15 $0.37 ($0.06) $1.21 Revenue$182.6 mln...

February 24, 2000 Crescent Real Estate Equities Inc. (CEI) has hired Chadwick Saylor & Co. and Warburg Dillon Read to help it structure joint ventures that would purchase interests in some of its properties.The REIT currently has seven...

February 24, 2000By Brian Humphreys, The Moscow TimesMOSCOW (AP) – A 1997 law standardizing registration procedures for property transactions is gradually transforming the Russian real estate market, making it more stable and predictable, industry observers say. Russian property...

February 24, 2000Coke centralizing Ontario bottling operationsThe National Post, February 24TORONTO – Coca-Cola Bottling Co. plans to pour $150 million into a huge new bottling plant in Brampton, Ont., a suburb of Toronto. When the plant opens in...

February 24, 2000Marriott International (NYSE:MAR) and Host Marriott Corp. (NYSE:HMT) have tentatively agreed to pay $500 million-$600 million to settle lawsuits that were filed by investors in limited partnerships structured by the firms' predecessor in the 1980s.According to...

February 24, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $2.5 mln$2.8 mln $10.9 mln $10.4 mln FFO/shr (diluted) $0.19 $0.21 $0.81 $0.75Extra Gain (Loss) ($0.2 mln) -- ($0.2 mln) ($0.1 mln) Net Income $4.8 mln $1.4 mln $8.5 mln...

February 24, 2000 Jacksonville project would add 110 full-time jobsFlorida Times-Union, February 24JACKSONVILLE – In two weeks, the city's Economic Development Commission members are expected to vote on assistance for a North Jacksonville deal. The project would mean...

February 24, 2000 An investor group has purchase the Westwood Tower in McLean, Va., for $41.5 million, or $198/sf, after re-tenanting costs are factored in.The partnership, Silver Harmony Westwood Tower LLC, financed the purchase with a $30 million...

February 24, 2000ATLANTA – CB Richard Ellis (NYSE:CBG) represented AMLI Residential Properties Trust (NYSE:AML) in its $42.5 million sale of the Falls at Sope Creek in Marietta, Ga., to an affiliate of the Wilkinson Group.The sale of the...

February 24, 2000 TORONTO – RioCan Real Estate Investment Trust (TORONTO:REI u.TO) has completed the sale of its interests in three retail properties to its former partner, Schroeder Properties Ltd., for C$42 million (US$28.7 million).RioCan acquired the three...