General News

May 3, 2000 1st-Qtr 001st-Qtr 99FFO/shr (diluted) $0.55 $0.48 Net Income $31.8 mln $15 mlnNet/shr$0.19 $0.10 Revenue$316 mln $271 mln

May 3, 2000 NEW YORK – Clarion Partners has acquired Waltham Woods Corporate Center, a 394,000-square-foot office complex outside of Boston from an investment group led by Leggat McCall Properties and DLJ Real Estate Capital Partners.Terms of the acquisition were...

May 3, 2000 (NewsTraders.com) – BRE Properties (NYSE:BRE) has filed with the SEC today to register 11.8 million shares of its Internet services subsidiary, VelocityHSI, for distribution to its shareholders.In the distribution, shareholders of BRE, a San Francisco-based REIT, will...

May 3, 2000MADISON, N.J. – American Home Products Corp. (NYSE:AHP) has agreed to buy the Aventis Pharmaceuticals (formerly Rhone-Poulenc Rorer, now combined with Hoechst Marion Roussel) campus in Collegeville, Pa., a suburb of Philadelphia.Neither company is disclosing financial terms of...

May 3, 2000 WASHINGTON – CarrAmerica Realty Corp. (NYSE:CRE) and FrontLine Capital Group (Nasdaq:FLCG) extended their closing date to May 31 for the merger of HQ Global Workplaces, CarrAmerica's executive office suites affiliate, with Vantas Inc., Frontline's executive office suites...

By Brad Berton, Commercial Real Estate Direct Contributing EditorBascom Group LLC, of Irvine, Calif., has pushed its Southern California apartment portfolio beyond 4,200 units with the $21.2 million acquisition of Hillpointe Apartments in the southern Orange County community of Mission...

May 3, 2000 Lend Lease Real Estate Investments Inc. said it has purchased a majority interest in the Leo Burnett Building from Starwood Capital Group on behalf of an institutional client, according to an article in The Chicago Tribune. An...

May 2, 2000 (NewsTraders.com) -- Public Storage (NYSE:PSA), which made an overture in mid-April to acquire Shurgard Storage Centers (NYSE:SHU), appears to have received the cold shoulder from its smaller rival.In an amended Schedule 13D filing this morning, Public Storage...

May 2, 2000 By Thomas J. Walsh, Commercial Real Estate Direct Senior WriterFitch IBCA's acquisition of Duff & Phelps is all but done, according to sources at both firms. But those sources swear there's been no official name change yet.Some...

May 2, 2000 MECHANICSBURG, Pa. – Balanced Care Corp. (Amex:BAL) has agreed to buy 10 special purpose entities that lease Outlook Pointe assisted living facilities from Nationwide Health Properties Inc.The properties were developed and managed by Balanced Care and are...