January 31, 2000 Rental complex changes handsSarasota Herald-Tribune, January 31VENICE, Fla. – The Falls of Venice apartment complex has been sold in a $70 million portfolio purchase of five Florida and Pennsylvania properties to a private Orlando company...

January 31, 2000 Bear Stearns has filed a preliminary prospectus with the SEC for an $888.3 million commercial mortgage-backed securities issue that priced last week.Go to Final Pricing Table in the IPGDirect.com ArchiveCollateral for the conduit deal was...

January 28, 2000 By Paul Gereffi, IPGDirect.com CorrespondentJACKSONVILLE – Winn-Dixie Stores Inc. has signed a lease for 50,000 square feet of office space at Deerwood Park, on Jacksonville's Southside. There had been speculation that the grocery chain, which...

January 28, 2000 Penreal Capital Management has paid C$121 million ($84.3 million) for a portfolio of office buildings in the Ottawa area, according to the Ottawa Citizen.The 10-building portfolio, which total 1.2 million square feet, were purchased from...

January 28, 2000 (NewsTraders.com) -- Forest City Enterprises (NYSE:FCEA), a property management company, was initiated today with a "buy" rating by McDonald Investments analyst Richard Moore, who set a 12-month target of $38 on its Series A shares.In...

January 28, 2000 DALLAS – Amresco Inc. (Nasdaq: AMMB) has closed the sale of about $182 million of its real estate structured finance loans, resulting in about $170 million in proceeds. Consistent with the company's strategy to de-leverage...

January 28, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $27.1 mln$23.4 mln $105.7 mln $59.7 mln FFO/shr (diluted) $0.68 $0.64 $2.66 $2.44 Net Income $24.5 mln $19.4 mln $86 mln $40.5 mln Net/shr$0.57 $0.51 $1.99 $1.63 Revenue$52.1 mln $39.7...

January 28, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $4.5 mln$4.4 mln $17 mln $15.7 mln FFO/shr (diluted) $0.48 $0.47 $1.82 $1.71 Extra Gain (Loss) $0.2 mln ($0.04 mln) ($0.3 mln) ($0.2 mln) Net Income $1.4 mln $1.1 mln...

January 28, 2000 Glenview sells buildings, land in OttawaThe Ottawa Citizen, January 28OTTAWA – In the area's largest real estate deal in 20 years, Glenview Corp. has sold 13 properties – 1.2 million square feet of office space...

January 28, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $73.4 mln$68.9 mln $287.1 mln $224.9 mln FFO/shr (diluted) $0.51 $0.46 $1.97 $1.79 Extra Gain (Loss) -- -- ($1.1 mln) ($1.5 mln) Net Income $51 mln $64.3 mln $204.5 mln...

January 28, 2000Prospective Blue Lake buyer wants side deal for landPalm Beach Post, January 28BOCA RATON, Fla. – An unnamed investment group that wants to buy the Blue Lake Corporate Center for businesses involved in the telecommunications industry...

January 28, 2000 Glenborough Realty Trust Inc. (NYSE: GLB) has filed a Form 8-K with the SEC. The report provides an inventory of the company's properties as well as a summary of its debt.

January 28, 2000 (NewsTraders.com) -- Mark Mutkoski, Deutsche Banc Alex Brown's senior lodging analyst, checked into MeriStar Hotels & Resorts (NYSE:MMH) and apparently liked what he saw as he upgraded the stock this morning to "strong buy" from...

January 27, 2000High-rise planned for prime propertyThe Ottawa Citizen, January 27 OTTAWA – A group of unnamed investors is close to buying a parcel of land in downtown Ottawa from the city for $3.4 million. The firm, known...

January 27, 2000 Norfolk Southern seeking proposals for office complexAtlanta Journal-Constitution, January 27ATLANTA – Norfolk Southern Corp. plans a new regional office complex in Midtown or downtown Atlanta. The rail giant is soliciting proposals from developers for a...

January 27, 2000 LOS ANGELES – CB Richard Ellis (NYSE:CBG) said it would meet or beat analysts' earnings estimates of $1.09/share for the full year 1999. Earnings for 2000 would probably climb by at least 20 percent.Strong results...

January 27, 2000 ANN ARBOR, Mich. – Captec Net Lease Realty Inc. (NASDAQ:CRRR) has formed Family Realty II Inc., a joint venture with an unidentified institutional investor that will buy up to $100 million of entertainment-themed retail properties...

January 27, 2000Click here to read yesterday's story on this transaction in the IPGDirect.com archives.Click here for the Fitch IBCA Pre-Sale Report.Click here for the Moody's Pre-Sale Report.Heller Financial Commercial Mortgage Asset Corp., 2000-PH1ClassAmount($mln)Sub. Level(%)RatingFitchRatingMoody'sAvg.LifePriceTalk(BP)BnchMarkA-117126.5AAAAaa5.7+92-95Treas.A-2532.326.5AAAAaa9.5+109-112Treas.B43.122AAAa29.8123 areaTreas.C47.817AA29.8137 areaTreas.D11.915.75A-A39.9149 areaTreas.E*35.912BBBBaa29.9180...

January 27, 2000 Bear Stearns Commercial Mortgage Securities, 2000-WF1ClassAmount($mln)Sub. Level(%)RatingDuff & PhelpsRatingFitchAvg.LifePricing (BP)BnchMarkA-1260.119.5AAAAAA5+90Treas.A-245519.5AAAAAA10+106Treas.B31.116AAAA10+118Treas.C35.512AA10+130Treas.D8.911A-A-10+140Treas.E26.68BBBBBB10+165Treas.F8.97BBB-BBB-10+230Treas.X*888.3N/AAAAAAA--N/ATreas.* Interest only.

January 27, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $51.6 mln$43.6 mln $196.1 mln $153 mln FFO/shr (diluted) $0.74 $0.68 $2.89 $2.50 Extra Gain (Loss) -- ($9 mln) -- ($5.5 mln) Net Income $34.4 mln $18.2 mln $113.9 mln...

January 27, 2000 SACRAMENTO, Calif. – Cornerstone Properties (NYSE:CPP) has acquired the Wells Fargo Center in Sacramento, Calif., for $130 million, or nearly $260/sf.The 502,000-square-foot office building was purchased from a partnership controlled by Wells Fargo Bank. The...

January 27, 2000 CHICAGO – Banyan Strategic Realty Trust's (NASDAQ:BSRTS) proposed sale of the Sarasota Commerce Center has been called off.The REIT last month had reached an agreement to sell the 81,250-square-foot office building to an unnamed German...

January 27, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $89.4 mln$60.3 mln $320.2 mln $228.4 mln FFO/shr (diluted) $0.53 $0.47 $2.02 $1.80 Net Income $36.2 mln $19.1 mln $124 mln $62.2 mln Net/shr$0.22 $0.16 $0.81 $0.51 Revenue$169.6 mln $117...

January 26, 2000 Associated Press NEW YORK – Abe Hirschfeld, who is facing trial on an attempted murder charge, may be sent to jail before a verdict is reached. The 80-year-old real estate developer was found guilty yesterday...

January 26, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $82.7 mln$55.8 mln $81 mln $64.5 mln FFO/shr (diluted) $0.98 $0.82 $3.72 $3.12 Net Income $24.4 mln $12.6 mln $81 mln $64.5 mln Net/shr$0.15 $0.05 $0.38 $0.80 Revenue$48.7 mln $37.4...