Globest Sectors

NEW YORK CITY-Lehman Brothers' analysts expect REITs will outperform the broader market, turning in a total return of 10% over the next year.

ATLANTA-Fourth quarter funds from operations at America First Apartment Investors of Omaha, NE are up 13% increase from the comparable 1999 period. American First Apartment Investiors owns the 226-unit Retreat in Atlanta and the 260-unit Park Trace in Norcross, GA.

LOS ANGELES-Developers have moved forward with construction of Wateridge Two, even as vacancy rates rise on the Westside.

SANTA ROSA, CA-Two office buildings on its Airport Corporate Center property have been completed and occupied and a third, manufacturing building is nearly complete. A fourth building will await better economic conditions.

CARY, NC-Credit Suisse First Boston is advising the 18-year-old REIT on how to better evaluate its 98-property portfolio for shareholders.

NEW YORK CITY-With speculation already running high that Cushman & Wakefield and Cushman Realty are talking merger, the announcement of an official C&W press conference has led many to believe it's a done deal.

WASHINGTON, DC-Fannie Mae has announced $130 million worth of early security redemptions later this month. The five securities carry interest rates ranging from 6% to 7.6%. They are slated for April 17 and 18.

NORTH ANDOVER, MA-Lucent Technologies, the New Jersey-based telecommunications company, plans to cut 1,000 jobs in this state. While the company intends to keep all facilities in this state open, some consolidation might eventually occur.