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...

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 26, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $2.4 mln$2.4 mln $9.7 mln $7.3 mln FFO/shr (diluted) $0.25 $0.24 $1.00 $0.92 Extra Gain (Loss) ($0.04 mln) -- ($0.04 mln) ($0.2 mln) Net Income $1.3 mln $1.5 mln $5.2...