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...

January 26, 2000 Rising interest rates have prompted the winning bidder of Atlanta's Equitable Building to drop its bid.Parmenter Co. of Miami, which is believed to have offered $56 million for the 594,000-square-foot office building, pulled out when...

January 26, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $8.7 mln$8.3 mln $44.1 mln $39.4 mln FFO/shr (diluted) $0.47 $0.45 $2.39 $2.15

January 26, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $3.4 mln$3.7 mln $15 mln $14.1 mln FFO/shr (diluted) $0.36$0.39 $1.57 $1.48 Net Income $1.9 mln $2.1 mln $8.8 mln $8.3 mln Net/shr$0.19 $0.23 $0.91 $0.87 Revenue$6 mln $6.3 mln...

January 26, 2000 By Thomas J. Walsh, IPGDirect.com Senior WriterThe team of GMAC Commercial Mortgage and Goff Moore Strategic Partners is buying the junior bonds of an $888.3 million commercial mortgage-backed securities deal by Bear Stearns and Wells...

January 26, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $6.5 mln$6.5 mln $31.8 mln $30.3 mln FFO/shr (diluted) $0.36 $0.36 $1.76 $1.68 Net Income $2.9 mln $3.3 mln $16.9 mln $19.5 mln Net/shr$0.07 $0.09 $0.61 $0.77 Revenue$13.8 mln $13.5...

January 26, 2000 City recommends multi-use developmentThe Ottawa Citizen, January 26KANATA, Ont. – The City Council has approved a land-use study that recommends a massive development around the Corel Centre. The plans call for a 400-acre high-tech research...

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...