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 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...

February 24, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $16 mln$13.2 mln $56 mln $49.7 mln FFO/shr (diluted) $0.45 $0.37 $1.57 $1.39 Net Income $10.4 mln $9.9 mln $44.3 mln $41.1 mln Net/shr$0.29 $0.28 $1.24 $1.15 Revenue$32.9 mln $27.4...

February 24, 2000 LOS ANGELES – The Bentley Forbes Group LLC has acquired two properties from Sunrise Medical Inc., which will lease them back.The properties are a 314,500-square-foot building in Stevens Point, Wisc., and a 218,300-sf building in...

February 24, 2000 (NewsTraders.com) -- Schottenstein Stores Corp., which has traded contentious words with Burnham Pacific Properties (NYSE:BPP) in the past over the possible sale of Burnham, said today that it has entered into a confidentiality agreement with...

February 24, 2000 Franklin Select Realty Trust (AMEX:FSN) will make a liquidating distribution of $7.11 to shareholders of record on Feb. 29. The distribution will be made on March 10.The distribution is the result of the company's sale...

February 24, 2000 WASHINGTON – Daniel H. Mudd, president and chief executive of GE Capital Japan, has been named vice chairman and chief operating officer of Fannie Mae (NYSE:FNM). Mudd, who also joins Fannie's board, fills a post...

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...

February 24, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $9.7 mln$7.8 mln $35.4 mln $30.7 mln FFO/shr (diluted) $0.58 $0.53 $2.28 $2.06 Net Income $3.8 mln $7.7 mln $32.2 mln $27.3 mln Net/shr$0.24 $0.47 $1.99 $1.66 Revenue$22.7 mln $21.3...

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 23, 2000 Dai-Ichi Mutual Life Insurance Co.'s planned commercial mortgage-backed securities issue has bonds with a five-year average life. A Feb. 22 story, Japanese Insurer to Securitize Office Portfolio, had the wrong average life for the bonds.

February 23, 2000 Sale of provincial assets proposed to fund tax cutsThe Vancouver Sun, February 23VANCOUVER – The Business Council of British Columbia wants the provincial government to sell some of its assets, including land, buildings and Crown...