February 7, 2001 NEW YORK - Standard and Poor's has lowered its rating on New Plan Excel Realty Trust to triple-B from triple-B-plus. The outlook is stable.In addition, ratings were lowered on the company's $870 million outstanding securities.The...
February 6, 2001 BOSTON – Cabot Industrial Trust (NYSE:CTR) has acquired properties totaling $43 million in the San Francisco Bay area and Chicago on behalf of its joint venture with GE Capital Real Estate.The Cabot/GE Capital joint venture...
February 6, 2001 LOS ANGELES – PropertyFirst.com has completed its acquisition of a line of appraisal software products from First Realty Advisors Inc. In addition to buying the RealWorks line of software products, PropertyFirst has named John K....
February 6, 2001 FORT LAUDERDALE, Fla. – Castillo Grand LLC will begin construction in March on a 23-story St. Regis Hotel and Residences.The $160 million condominium development, on Fort Lauderdale Beach and Castillo Street, will consist of 29...
February 6, 2001DENVER – Tom Toomey has resigned as chief operating officer of Apartment Investment and Management Co. (NYSE:AIV). Meanwhile, the company has promoted two executives.Toomey is leaving "to pursue other interests," the REIT said. "Tom has our...
February 6, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99Adj. FFO (Mln) $243.2$182.9 $843.6 $686.3 FFO/shr (diluted) $0.75 $0.68 $2.86 $2.57 Net Income (Mln) $116.3 $146.2 $470.9 $431.4 Net/shr$0.35 $0.53 $1.52 $1.48 Revenue (Mln)$657.2 $494.5$2,264.2$1,942.2 Shares Outstanding (Mln)350.7 290.6 319.0...
February 6, 2001 ATLANTA – JDN Realty Corp. (NYSE:JDN) has named Donald M. Carr as senior vice president for development at JDN Development Co. Inc.He will be responsible for developing shopping centers throughout the eastern United States.Previously, Carr...
February 6, 2001 CHICAGO - General Growth Properties Inc. (NYSE:GGP) has been awarded the management, leasing and marketing contracts for a portfolio of 14 shopping malls owned by an institutional investor.The malls are located in 12 states and...
February 6, 2001 HORSHAM, Pa. – MortgageRamp will use Univest Financial Services LLC to expand due diligence and underwriting services and help reduce the time between loan origination and closing, the online lender said.According to McCracken Financial Software,...
February 6, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $32.3$42.0 $163.4 $162.6FFO/shr (diluted) $0.72 $0.95 $3.63 $3.69 Net Income (Mln) $13.6 $23.6 $88.6$92.6 Net/shr$0.34 $0.60 $2.22 $2.38 Revenue (Mln)$103.6 $91.4 $399.8$345.9 Shares Outstanding (Mln)39.6 39.2 39.8 38.9
February 6, 2001 SHERMAN OAKS, Calif. – Pacific Property Co. has purchased a 168-unit apartment community for $9.9 million.The company expects to invest another $1.6 million in the Valley Country Club apartments to renovate the property, which will...
February 6, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $10.0$11.4 $42.3 $43.0 FFO/shr (diluted) $0.30 $0.31 $1.23 $1.20 Net Income (Mln) $6.7 $7.0 $29.0 $28.3 Net/shr$0.21 $0.21 $0.91 $0.86 Revenue (Mln)$20.8 $22.1 $85.4$85.4 Shares Outstanding (Mln)33.6 33.8 34.4...
February 6, 2001 CHICAGO – First Industrial Realty Trust Inc. (NYSE:FR) has named Garry Weiss as senior vice president and national director of its Integrated Industrial Solutions activities.Previously, Weiss was a senior vice president in the Investment Services...
February 6, 2001 NEW YORK – Flat-to-declining interest rates are among several reasons why Standard & Poor's expects stable ratings this year for the 70 real estate investment trusts it rates, despite clear indications that the economic expansion...
February 6, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $25.7$20.7 $95.2 $81.3 FFO/shr (diluted) $0.51 $0.42 $1.92 $1.66 Net Income (Mln) $14.3 $12.6 $62.0 $104.1Net/shr$0.28 $0.26 $1.25 $2.12 Revenue (Mln)$42.8 $29.6 $144.6$97.8 Shares Outstanding (Mln)48.9 48.2 48.6 48.1
February 6, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $17.8$17.5 $67.2 $65.9 FFO/shr (diluted) $0.67 $0.65 $2.52 $2.46 Net Income (Mln) $14.2 $10.3 $45.1 $41.0 Net/shr$0.54 $0.38 $1.69 $1.53 Revenue (Mln)$31.6 $28.7 $118.3$104.5 Shares Outstanding (Mln)26.6 26.8 26.7...
February 6, 2001 First Charter gets $40 Mln. HQs in Charlotte, N.C.The Charlotte (N.C.) Observer, February 6CHARLOTTE, N.C. - First Charter Corp. is having a $40 million headquarters building built in University Research Park. The 260,000-square-foot complex will...
February 6, 2001 GREENSBORO, N.C. – Tanger Properties Limited Partnership, an affiliate of Tanger Factory Outlet Centers Inc. (NYSE:SKT), will offer $75 million of senior notes due 2008.Proceeds of the offering, together with other available funds, will be...
February 6, 2001 HOUSTON – Baker Hughes Inc. has sold and leased back a portfolio of four Houston area properties to Texan Western LP for more than $100 million. The deal, which closed in September, values the more...
February 6, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $11.0$10.5 $35.1 $32.1 FFO/shr (diluted) $0.42 $0.40 $1.34 $1.22 Net Income (Mln) $2.8 $5.7 $6.0 $9.3 Net/shr$(0.02) $0.09 $(0.29) $(0.17) Revenue (Mln)$48.1 $44.8 $170.4$157.9 Shares Outstanding (Mln)26.2 26.2 26.2...
February 6, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $2.5$4.8 $15.6 $18.5 FFO/shr (diluted) $0.27 $0.51 $1.64 $1.95 Extra Gain (Mln) (Loss) $(0.4) $(0.9) $2.5 $(0.9) Net Income (Mln) $1.3 $2.9 $14.5 $13.7 Net/shr$0.14 $0.31 $1.53 $1.44 Revenue...
February 6, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $10.0$9.8 $39.8 $37.4 FFO/shr (diluted) $1.03 $0.97 $4.05 $3.71 Extra Gain (Loss) $(1)$709 $9.5 $795 Net Income (Mln) $4.8 $5.8 $29.1 $20.5 Net/shr$0.49 $0.57 $2.93 $2.01 Revenue (Mln)$31.5 $29.6...
February 6, 2001 MCLEAN, Va. – Equity Office Properties Trust (NYSE:EOP) will build a $35.7 million six-story building for Booz Allen & Hamilton Inc. that will be part of Booz Allen's existing four-building headquarters complex.Booz Allen has signed...
February 6, 2001 BAINBRIDGE ISLAND, Wash. - Alexander & Baldwin Inc. (NYSE:ALEX) and its subsidiary, A&B Properties Inc., have sold three real estate assets on the island for $15.6 million to Joshua Green Corp.Included in the sale were...
February 6, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $12.3$11.0 $47.3 $32.5 FFO/shr (diluted) $0.48 $0.46 $1.86 $1.77 Net Income (Mln) $1.6 $1.2 $0.9 $6.3 Net/shr$0.17 $0.14 $0.09 $0.80 Revenue (Mln)$32.3 $27.6 $123.1$84.5 Shares Outstanding (Mln)17.0 15.4 16.9...
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