January 26, 2000 WASHINGTON – The Carlyle Group and LaSalle Hotel Properties (NYSE:LHO) have teamed up to buy the Chicago Marriott Downtown in Chicago for about $175 million, or $149,000/unit.The 1,176-room hotel was purchased from John Buck Co....

January 26, 2000 Go To Moody's Pre-Sale Report.Go To S&P's Pre-Sale Reports Page. Deutsche Banc Alex. Brown – COMM 2000-FL1ClassAmount($mln)Sub. Level(%)RatingMoody'sRatingS&PAvg.LifePricing (BP)BnchMarkA699.530.25AaaAAA2.1+301-mo. LiborB57.724.5Aa2AA2.7+471-mo. LiborC12.523.25Aa2AA-2.7+571-mo. LiborD57.717.5A2A2.7N/A1-mo. LiborE2015.5A2--2.7N/A1-mo. LiborF40.111.5Baa1--2.7N/A1-mo. LiborG1510Baa2--2.7N/A1-mo. LiborH60.24Baa3--3N/A1-mo. LiborJ152.5Ba1--2.7--1-mo. LiborK250.0Ba2--2.7--1-mo. LiborX*1,002--------N/A1-mo. LiborN/A: Not available.* Notional amount only.

January 26, 2000 Higher rates nix landmark building buyAtlanta Journal-Constitution, January 26ATLANTA –Parmenter Co. has dropped its bid to buy the Equitable Building. The Miami company emerged in December as the top bidder for the landmark 32-floor, 594,000-square-foot...

January 26, 2000 Staubach Co. has hired Ken Shulman to create an investment-sales operation, according to the Dallas Morning News.Shulman, formerly a senior executive with Grubb & Ellis' Dallas office, was named director and senior vice president in...

January 26, 2000 By Brad Berton, IPGDirect.com Contributing EditorRREEF Funds has purchased the Chaparral Business Park in suburban Denver from DPC Development.The 10.5-acre park, which is in Englewood, includes about 160,000 square feet of office, warehouse and flex...

January 26, 2000 Morgan Stanley has agreed to sell 750 Seventh Avenue in Midtown Manhattan to Hines for about $150 million, or nearly $260/sf, according to the Wall Street Journal.Morgan had acquired the Times Square-area building in 1994...

January 26, 2000 Fitch IBCA and Duff & Phelps have made available pre-sale reports on Bear Stearns Commercial Mortgage Securities Inc., 2000-WF1, an $888.3 million conduit issue backed by 180 mortgages originated by Wells Fargo Bank (46.8 percent...

January 26, 2000 BEVERLY HILLS, Calif. – G&L Realty Corp. (NYSE:GLR) has sold a Southern California medical office building for $8.3 million and has made two real estate investments totaling $12 million.The medical building, which has 33,000 square...

January 26, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $4.3 mln$3.4 mln $14.8 mln $9.2 mln FFO/shr (diluted) $0.69 $0.54 $2.40 $1.97 Net Income $3.8 mln $3 mln $13 mln $8.5 mln Net/shr$0.60 $0.49 $2.09 $1.81 Revenue$9.6 mln $7.4...

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...

January 26, 2000 By Orest Mandzy, IPGDirect.com Managing EditorHeller Financial is offering a $7.1 million mortgage on the Little Rock Hilton Inn in Little Rock, Ark.The loan, which was originated four years ago, is nonperforming. Because the borrowers...

January 26, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $5.6 mln$5.1 mln $21.8 mln $19.9 mln FFO/shr (diluted) $0.62 $0.57 $2.43 $2.21 Net Income $4 mln $3.8 mln $14 mln $14.3 mln Net/shr$0.44 $0.42 $1.56 $1.60 Revenue$6.1 mln $5.9...

January 26, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $25.4 mln$25.4 mln $99.6 mln $99.7 mln FFO/shr (diluted) $0.55 $0.52 $2.16 $2.05 Net Income $16.2 mln $11.5 mln $63.1 mln $62 mln Net/shr$0.35 $0.25 $1.37 $1.39 Revenue$42.2 mln $38.3...

January 26, 2000 4th-Qtr 9912-mos 99FFO $0.7 mln$3.2 mln FFO/shr (diluted) $0.32 $1.41 Extra Gain (Loss) – $0.7 mln Net Income $0.08 mln $2.1 mln Net/shr$0.03 $1.46 Revenue$3.3 mln $11.3 mln Shares outst.2.3 mln2.3 mln

January 26, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $3.4 mln$2.8 mln $13.6 mln -- FFO/shr (diluted) $0.48 $0.39 $1.91 -- Net Income $2.1 mln $2 mln $8.7 mln $5.4 mln Net/shr$0.30 $0.28 $1.22 $0.97 Revenue$5.2 mln $3.4 mln...

January 26, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $10.2 mln$9.6 mln $40.7 mln $35.1 mln FFO/shr (diluted) $0.41 $0.38 $1.62 $1.47 Extra Gain (Loss) -- ($0.6 mln) -- ($0.6 mln) Net Income $5.8 mln $4.1 mln $21.3 mln...

January 25, 2000 IRVING, Texas – Rising interest rates have prompted FelCor Lodging Trust Inc. (NYSE: FCH) to cancel a proposed $200 million senior note offering.FelCor was planning to use proceeds of the note offering to fund a...

January 25, 2000Bank forecloses on office parkSarasota Herald-Tribune, January 25SARASOTA, Fla. –Penn West office park is scheduled to be sold on the Sarasota County Courthouse steps on Feb.15 for nonpayment of the $9.65 million. The lender, Massachusetts Mutual...

January 25, 2000 Franklin Resources Inc. has accumulated a 7.6 percent interest in Highwoods Properties Inc. (NYSE:HIW) The mutual-fund company's ownership of 4.7 million Highwoods shares was detailed in a Form 13G that was filed with the SEC.

January 25, 2000 By Thomas J. Walsh, IPGDirect.com Senior WriterFinal pricing that was expected on two commercial mortgage-backed securities deals today will likely be postponed until Wednesday, due to a wide-ranging blizzard in the Northeastern U.S. The deals,...

January 25, 2000 NEW YORK – A joint venture between Lexington Corporate Properties Trust (NYSE:LXP) and an institutional investor has purchased a 221,215-square-foot office building in Milford, Ohio, for $26.9 million, or $122/sf.The five-story building at 2000 Eastman...

January 25, 2000 Court gives Loewen OK to sell propertiesThe National Post, January 25VANCOUVER – United States Bankruptcy court has cleared the way for Loewen Group Inc. to sell up to 371 of its 1,300 funeral homes and...

January 25, 2000 Reckson Associates Realty Corp. (NYSE:RA) has filed a copy of a purchase and sales agreement for 1350 Avenue of the Americas with regulators.The 8-K filing details terms of Reckson's $126.5 million purchase of the 550,000-square-foot...

January 24, 2000 CLEVELAND – First Union Real Estate Investments (NYSE:FUR) is planning to spin-off to shareholders its parking operations.The REIT is forming Imperial Parking Corp., which will then be spun-off to shareholders, who will own the company...