Berkery, Noyes & Co. advises F.W. Dodge in its sale of their Real Estate Analysis and Planning Service (REAPS) to Property & Portfolio Research (PPR)

NEW YORK, December 22, 2000 —  Joseph Berkery, President of Berkery, Noyes & Co., announced today that his firm represented F.W. Dodge in its sale of their Real Estate Analysis and Planning Service (REAPS) product line and the exclusive licensing of the Dodge Pipeline Reports to Boston-based Property & Portfolio Research (PPR).

REAPS is a leading provider of quarterly forecasts of commercial real estate supply and demand fundamentals. Dodge Pipeline Reports is the most comprehensive, up to date source of information on construction and planning activities for the apartment, hotel, warehouse, office, and retail real estate classes of construction. Both services are from F.W. Dodge, a division of The McGraw-Hill Companies’ (NYSE: MHP) Construction Information Group. PPR is a leading supplier of real estate data and strategic analysis, in key markets nationwide and around the globe, to real estate investors and developers. Terms of the transaction were not disclosed.

Berkery, Noyes & Co. specializes in investment banking for the information, publishing and communications industries. Among the recent transactions completed by Berkery Noyes are the following: the acquisition of K.G. Saur Verlag by The Thomson Corporation’s Gale Group, Boston Venture’s purchase of Trade Service Corporation, and the acquisition of Corporate Technology Information Services by OneSource Information Services, Inc.

Berkery, Noyes & Co. clients range from small firms, often seeking a buyer, to most of the major international information companies, who use the firm’s expertise in locating, analyzing and negotiating with acquisition candidates as well as in managing divestitures. The firm operates with a staff of twenty-two professionals serving the publishing industry from offices in New York, Boston, San Francisco and Frankfurt, Germany.