January 30, 2001 WASHINGTON – The Building Owners and Managers Association is building an online portal that will provide links to Web sites that could be of use to property owners and managers in the commercial real estate...
January 30, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $90.9$69.7$329.3 $258.8 FFO/shr (diluted) $1.17 $0.92 $4.27 $3.46 Net Income (Mln) $81.9$74 $300.2 $187.3Net/shr$1.20$1.12 $4.45 $2.89 Revenue (Mln)$206.2 $169.8$753.8$643.8Shares Outstanding (Mln)77.6 75.5 77 74.8
January 30, 2001 NEW YORK – Larry Silverstein has joined forces with Westfield America, a mall development giant, to bid for control of the World Trade Center, according to a report today in the New York Post.Silverstein is...
January 30, 2001 Cadillac Fairview to build C$83 Mln expansion at Carrefour Laval Canada Newswire, January 30LAVAL, Quebec – An C$83 million (US$55.2 million) expansion is in the works for the Carrefour Laval shopping center. When completed, the...
January 30, 2001 BIRMINGHAM, Ala. – Saks Inc. (NYSE:SKS) has agreed to sell nine store locations, along with certain related merchandise inventory and customer accounts receivable, to May Department Stores Co. for about $310 million.Saks will use proceeds...
January 30, 2001 Commercial Real Estate Direct Staff ReportWestchester County, N.Y., has selected Yale Robbins Inc.'s MrOfficeSpace.com to power its office space searching engine.In addition, Yale Robbins, which is based in New York, is developing a co-branded search...
January 29, 2001AUSTIN, Texas – In a move that comes as no surprise, Insignia/ESG has selected SiteStuff Inc. as its Web-based procurement source, and has invested $735,000 in the online procurement site.SiteStuff earlier this month acquired RexOffice.com in...
January 29, 2001 COLUMBUS, Ohio – Glimcher Realty Trust (NYSE:GRT) has negotiated a three-year extension of its $170 million revolving line of credit.The credit line, which now matures on Jan. 31, 2004, is secured by three Ohio malls:...
January 29, 2001 Owners selling Concourse I and IIAtlanta Business Chronicle, January 29ATLANTA – The California Public Employees' Retirement System and Hines have decided to sell mid-rise buildings Concourse I and Concourse II. Cushman & Wakefield is marketing...
January 29, 2001 AUSTIN, Texas – The Shidler Group has purchased a portfolio of four office buildings from Southfield Realty LP for $56.5 million. The properties in the portfolio are: the 14-story, 175,000-square-foot Once Commodore Plaza, at 800...
January 29, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $67.9$58.5 $252$196.1FFO/shr (diluted) $0.99 $0.87 $3.70 $3.22 Net Income (Mln) $44.3$50.2 $170.8 $132.5Net/shr$0.65 $0.76 $2.53 $2.03 Revenue (Mln)$152 $132.7$573.4$507Shares Outstanding (Mln)68.9 66.8 68.1 66.1
January 29, 2001 WOODLAND HILLS, Calif. – Adler Realty Advisors Inc. has purchased the Warner Park Center for about $8.95 million from Equity Office Properties Trust (NYSE:EOP).Equity Office bought the 57,366-square-foot office building in June 2000 as part...
January 29, 2001 New Ottawa mall's wheels in motion Canoe Money, January 29OTTAWA – Construction could begin as early as this spring on a massive office and retail complex alongside Ottawa's Via Rail station. Facilities Commercial Realty Inc....
January 29, 2001 MOUNT VERNON, Ohio – Glimcher Realty Trust (NYSE:GRT) has received a $9.3 million fixed-rate mortgage refinancing on its Knox Village Square community center.The mortgage, which matures Feb. 1, 2008, has a fixed rate of 7.41...
January 29, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $9.5$38.6 $53.7 $61.1 FFO/shr $0.25 $0.28 $1.42 $1.59 Net Income (Mln) $20.6 $2.4 $16.3 $29.3 Net/shr$0.52 $0.02 $0.27 $0.61 Revenue (Mln)$46.3 $25.4 $116.8$117.3 Shares Outstanding (Mln)38.0 38.6 38.038.6
January 29, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $43.5$36.9$171.3 $114.5 FFO/shr (diluted) $0.85 $0.82 $3.32 $3.22 Net Income (Mln) $30.4 $21.6 $108.9 $78.5 Net/shr$0.60 $0.49 $2.13 $2.25 Revenue (Mln)$83.2 $71.1 $329.8$224.8 Shares Outstanding (Mln)51.0 44.3 51.1 37.5
January 26, 2001 HORSHAM, Pa. – GMAC Commercial Mortgage Co. has promoted Allen Moczul to senior vice president and appointed him area manager, with responsibility for the company's Florida operations.Moczul, who joined the firm in 1994 as branch...
January 26, 2001 ROSELAND, N.J. – Chelsea Property Group Inc.'s (NYSE:CPG) operating partnership CPG Partners LP has priced a $150 million offering of senior-term notes.The 10-year notes, which mature in 2011, were priced to yield 8.396 percent. They...
January 26, 2001NEW YORK – Standard & Poor's assigned its triple-B-plus rating to Public Storage Inc.'s $150 million series Q preferred stock. The outlook is stable.All other ratings on the company were affirmed.The action is a result of...
January 26, 2001 WESTBOROUGH, Mass. – Extended Stay America Inc. (NYSE:ESA) has opened a three-story, 92-room hotel at 19 Connector Road.Weekly rates at the hotel range from $459 to $489 and nightly rates are available from $95.The hotel...
January 26, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99(Adj) FFO (Mln) $112.8$82.7$399.5$292.6 FFO/shr (diluted) $0.18 $0.15 $0.52 $0.38 Net Income (Mln) $31.2 $23.5 $99.1 $77.5 (Adj) Net/shr$1.16 $0.98 $4.37 $3.72 Revenue (Mln)$297.5 $184.7 $1,051.0$533.9(Wgt) Shares Outstanding (Mln)70.4 65.8 67.6...
January 26, 2001 CHICAGO – CenterPoint Properties Trust (NYSE:CNT) and AMLI Commercial Properties Trust, a private REIT, have agreed to use PropertyFirst.com's technology to market their properties and maintain leasing information for their portfolios.Under the agreement, the REITs...
January 26, 2001 NEW YORK – Standard & Poor's has upgraded several classes of Prudential Securities Secured Finance Corp., 1995-C1, and affirmed ratings on others.The deal's double-A-plus class (class B) was upgraded to triple-A, the single-A-plus class (class...
January 26, 2001 CHICAGO – Nearly 90 percent of SC-U.S. Realty (NYSE:RTY) shareholders voted to go ahead with the firm's merger with Security Capital Group Inc. (NYSE:SCZ).The two companies agreed in September to the merger.As a result of...
January 26, 2001 By Patrick Crowley, Commercial Real Estate Direct Contributing WriterA massive 6,000-acre site in southern Indiana near Louisville, Ky., is being prepared for industrial development.The land in Clark County, Ind., was formerly owned by the federal...
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