February 29, 2000 Standard & Poor's will replace Walden Residential Properties (NYSE: WDN) in the S&P REIT Composite Index with Alexandria Real Estate Equities (NYSE: ARE), an industrial and office REIT, after the close of trading today. Olympus...

February 29, 2000 BALTIMORE – Prime Retail Inc. has closed on the second installment of its agreement to sell three factory outlet centers to an existing joint venture between itself, an affiliate of Estein & Associates USA Ltd....

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...

February 29, 2000 Associated PressALBANY, N.Y. – New York's government worker pension fund will be putting less stock in Wall Street and more in the real estate sector. State Comptroller H. Carl McCall is the sole trustee of...

February 28, 2000 LOS ANGELES – LAACO Ltd. has agreed to a one-year lease arrangement to operate 10 self-storage facilities located in Arizona, Nevada and Southern California and has obtained an option to purchase the properties for about...

February 28, 2000Associated PressWEST NYACK, N.Y. – The Palisades Center Mall in Rockland County apparently owes $17.5 million in property taxes. Rockland County Executive C. Scott Vanderhoef says the mall hasn't paid its school taxes since September 1998....

February 28, 2000 Associated PressTOKYO (Kyodo) – Tokyu Hotel Chain Co. will sell the site of the hotel it operates in Tokyo's Ginza district to Jiji Press Ltd. in May next year for ?9.5 billion (US$85.5 million). The...

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...