Lenders Suffer Losses at Hands of Tokyo-based Real Estate Group
At least 11 lenders have suffered more than $90 million of losses as a result of alleged fraud by a group of Tokyo real estate developers.
Equity One 4th-Qtr FFO $0.32/shr vs $0.29/shr
February 17, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98FFO $3.6 mln$2.9 mln $13.6 mln $10.6 mln FFO/shr (diluted) $0.32 $0.29 $1.25 $1.17 Net Income $6.4 mln $4.6 mln $13.6 mln $9.1 mln Net/shr$0.56$0.45 $1.26 $1.01 Revenue$11.4 mln $8.5 mln $31...
Hanover Capital 4th-Qtr Earnings $0.10/shr vs -$0.93/shr
February 17, 2000 4th-Qtr 994th-Qtr 9812-mos 9912-mos 98Net Income $0.6 mln($5.9 mln) ($12.6 mln) ($4.9 mln) Net/shr$0.10 ($0.93) ($2.12) ($0.77) Revenue (Loss)$1.4 mln ($3.7 mln) ($6.7 mln) $0.6 mln
Bralower Resigns as President of Sonnenblick-Goldman
John Bralower, a 16-year veteran of Sonnenblick-Goldman, has left the firm to join an Internet start-up. He is being replaced by Steve Kohn, a four-year veteran of the firm.
Correction
February 17, 2000 Warburg Dillon Read originated all but one of the large loans in LB-UBS, 2000-C1 which was detailed in the Feb. 15 article "Lehman, UBS Loans to Mall Owners Detailed." Lehman Brothers only originated one of the...
About
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
