February 9, 2000 Associated PressKENNEBUNKPORT, Maine – A hotel long used as a media center for reporters covering President Bush is up for sale. The Shawmut Ocean Resort & Conference Center is on the market for $8.5 million....

February 9, 2000 LOS ANGELES – Kearny Real Estate Co. has sold 6330 San Vicente Boulevard, a 100,000-square-foot office building in Beverly Hills for $15 million, or $150/sf.The five-story building was sold to Lexington Commercial Holdings of Beverly...

February 9, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $20.1 mln$16.9 mln $72.5 mln $58 mln FFO/shr (diluted) $0.87 $0.79 $3.23 $2.91 Extra Gain (Loss) -- ($11.7 mln) ($0.4 mln) ($16.4 mln) Net Income $46.6 mln $12 mln$82.2 mln...

February 9, 2000 By Thomas J. Walsh, IPGDirect.com Senior WriterPrice guidance on a $458 million commercial mortgage-backed securities deal from Fannie Mae, FNMA 2000-M1, was re-set today in response to changing swap spreads. New price talk – reflecting...

February 9, 2000 Following is a speech that Nottingham gave at a seminar sponsored by the Practicing Law Institute.A major mutual fund company is reviewing sites for a national call center. Their broker, who is unfamiliar with the...

February 9, 2000 CHICAGO – First Industrial Realty Trust Inc. (NYSE:FR) sold $245.8 million of properties last year, topping the $150 million of sales it had projected.The sales were made at prices that resulted in a melded initial...

February 9, 2000 Andrew L. Farkas, chairman and chief executive of Insignia Financial Group Inc. (NYSE:IFS) has transferred a total of 406,664 of Insignia common shares to his ex-wife as part of a divorce settlement.Farkas remains the largest...

February 9, 2000 Associated PressTOKYO (Kyodo) – A former vice president of ANA Real Estate Co. who was questioned by prosecutors in connection with a fraud case has committed suicide at a Tokyo hotel, investigative sources said today....

February 8, 2000 BELLEVUE, Wash. – Kennedy-Wilson Inc. (NASDAQ:KWIC) has completed assembling 18.4 acres of land in Ellensburg, Wash., that Fred Meyer Stores will use to construct a 128,000-square-foot store. The assemblage, which involved buying parcels from five...

February 8, 2000 E Trade Group Inc. is subleasing 30,000-square-foot of retail space at 540 Madison Avenue from Callaway Golf Co., according to the New York Post.Callaway had signed a lease for the space two years ago, but...

February 8, 2000 Two classes of mezzanine bonds from Heller Financial Commercial Mortgage Asset Corp., 2000-PH1, were not pre-sold as indicated in a Jan. 27 price-guidance table and a Jan. 27 story, "Mezzanine Classes Shine in $888.3 Mln...

February 8, 2000 Associated PressTOKYO – A real estate firm managed by singer Masao Sen filed for liquidation with the Tokyo District Court last Friday, citing liabilities of about 103.4 billion yen (US$951 million), according to credit research...

February 8, 2000 (NewsTraders.com) -- Schottenstein Stores Corp., issuing the next word in its ongoing dispute with Burnham Pacific Properties (NYSE:BPP), said today in a regulatory document that it remains "willing and eager" to participate in the bidding...

February 8, 2000 CHICAGO – AMLI Residential Properties Trust (NYSE:AML) has completed the sale of AMLI at Sope Creek in Atlanta for $42.5 million, or just over $61,000/unit.AMLI developed the 695-unit apartment complex in phases ending in 1995....

February 8, 2000 Grace and White Inc. has purchased 118,860 shares, or a 6.64 percent interest, in Urstadt Biddle Properties Inc. (NYSE:UBP) The company's interest was detailed in a Form SC 13G/A that was filed with the SEC.

February 8, 2000 ICM Asset Management has purchased 1,081,967 shares of Bedford Property Investors Inc. (NYSE:BED), giving it a 5.3 percent stake in the REIT. Details can be found in a Form SC 13G filed today with the...

February 8, 2000 By Thomas J. Walsh, IPGDirect.com Senior WriterGoldman Sachs is leading a $112 million commercial mortgage-backed securities deal, according to Wall Street sources.The floating-rate transaction is said to be secured by a number of New York...

February 8, 2000 RONA's plan includes superstores in OntarioThe National Post, February 8TORONTO – RONA Inc. plans to open 27 big box home improvement stores across Ontario. The Quebec-based company unveiled its plans as it gave further details...

February 8, 2000 A unit of State Farm Mutual Insurance has purchased 3.2 million shares, or a 7.22 percent, stake in BRE Properties Inc. (NYSE:BRE). The company filed a Form SC 13G/A with the SEC.

February 8, 2000 Owner of downtown building wants to keep PrudentialFlorida Times-Union, February 8JACKSONVILLE, Fla. – Representatives of a downtown building are requesting help from the city to keep Aetna-owned Prudential Health Care at 841 Prudential Drive rather...

February 8, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $20.9 mln$18.9 mln $80.6 mln $71.2 mln FFO/shr (diluted) $0.65 $0.59 $2.50 $2.30 Net Income $8.3 mln $10.2 mln $39.9 mln $38.8 mln Net/shr$0.30 $0.37 $1.44 $1.43 Revenue$42.6 mln $39.3...

February 8, 2000 A unit of Morgan Stanley Dean Witter has started accumulating interests in real estate companies.The firm's mutual-fund operation, Morgan Stanley Dean Witter Investment Management Inc., had previously reported taking a 14.9 percent interest in Wellsford...

February 8, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $9.3 mln$12.2 mln $45.2 mln $47.6 mln FFO/shr (diluted) $0.34 $0.43 $1.64 $1.71 Net Income (Loss) ($9.3 mln) $8.5 mln $16.7 mln $37.7 mln Net (Loss)/shr($0.34) $0.30 $0.61 $1.39 Revenue$20.7...

February 7, 2000 Southside gets new office spaceBusiness Journal of Jacksonville, February 7JACKSONVILLE, Fla. – Trammell Crow is nearly finished with a 225,000-square-foot office building in Bowden Commerce Center. The project, at Bowden and Salisbury Roads, is a...

February 7, 2000 B.C. fund seizes real opportunityThe Globe and Mail, February 7 TORONTO – B. C. Investment Management Corp., the newly created manager of British Columbia's public employee pension funds, has already made two major splashes since...