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July 24, 2000Criimi Mae Inc.'s (NYSE:CMM) effort to emerge from bankruptcy moved another step forward last week when a secured creditor lifted its objection to Criimi's bankruptcy plan.The secured creditor, Salomon Smith Barney and affiliates of Citigroup, had provided financing...
July 24, 2000An affiliate of DLJ Real Estate Capital Partners has agreed to pay about $25 million for a 1.5-acre site on the West side of Manhattan on which it will construct a 300,000-square-foot office building.The site, which encompasses one...
July 24, 2000 MANHATTAN BEACH, Calif. – Shopping mall developer Center Trust Inc. (NYSE:CTA) has agreed to sell six properties to Kimco Realty Corp. (NYSE:KIM) for $160.6 million, including $68.3 million in debt.The sale of the properties, located in California,...
July 24, 2000 SAN FRANCISCO – Robertson Stephens has raised its estimates on Bedford Property (NYSE:BED), lifting its price target to $23.50-$24.00 from $21.50 and reiterated its "Buy" rating for the REIT.The change comes as a result of the Lafayette,...
July 24, 2000BINGHAM FARMS, Mich. – Kensington Investment Group Inc., the Orinda, Calif., money manager that recently won a heated proxy battle against Malan Realty Investors Inc. (NYSE:MAL), has announced that Anthony S. Gramer, the REIT's president and chief executive,...
July 24, 2000 1st-Qtr 001st-Qtr 99FFO$12.8 mln$16.1 mln FFO/shr (diluted) $0.39 $0.48 Net Income $12.9 mln $10.8 mln Net/shr$0.40 $0.32 Revenue$26.2 mln $25.7 mln
July 21, 2000 TAMPA, Fla. – The Switch & Data Facilities Co. has opened four carrier hotels, adding 77,500 square feet to its growing network.The new centers include the:– 13,600-sf facility at 1141 I St., in Sacramento, Calif.– 20,000-sf facility...
July 21, 2000 LOS ANGELES – The Hileman Co., a two-year-old real estate firm, paid $16 million for a 169,000-square-foot office/manufacturing complex in Thousand Oaks, Calif., that it plans to redevelop.Hileman expects to invest an additional $25 million to create...
July 21, 2000 NEW YORK – Fitch has revised its ratings outlook for Archstone Communities Trust (NYSE:ASN) to "negative" from "stable" following Archstone's announcement that it will repurchase about $400 million of its common stock from Security Capital Group Inc.Archstone's...
July 21, 2000 Second tower planned for key Buckhead siteThe Atlanta Journal-Constitution, July 21ATLANTA – The Philadelphia-based Rubenstein Co. has begun marketing a proposed 12-story, 300,000-square-foot office tower at the four-acre Capital City Plaza site north of Peachtree and Piedmont...
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