February 21, 2001 BINGHAM FARMS, Mich. – Malan Realty Investors Inc. (NYSE:MAL) has promoted three of its executives.The REIT promoted:– Elliott J. Broderick to chief financial officer from chief accounting officer;– Alan K. Warnke to vice president of...
February 21, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $21.3$13.6 $68.0 $52.9 FFO/shr (diluted) $0.62 $0.53 $2.28 $2.07 Net Income (Mln) $(0.2) $5.1 $(9.3) $34.0 Net/shr$(0.01) $0.20 $(0.31) $1.33 Revenue (Mln)$36.4 $21.8 $120.3$88.5 Shares Outstanding (Mln)34.4 25.7 29.9...
(NewsTraders.com) – Seeing little upside for shares of Westfield America (NYSE:WEA), Robertson Stephens analyst Jay Leupp downgraded the stock Tuesday to market performer from long-term attractive.Leupp's move is due to a recent agreement with Westfield's Australian parent, Westfield...
February 20, 2001 (NewsTraders.com) – TrizecHahn (NYSE:TZH) moved up to market outperformer from market performer at Goldman Sachs on Tuesday, in anticipation that company management will make a strong presentation to investors in New York and Toronto over...
February 20, 2001 Office development planned for Wilmore, N.C.The Charlotte (N.C.) ObserverWILMORE, N.C. - An office development planned off South Tryon Street will double the size of the Design Center of the Carolinas and help blend the Wilmore...
February 20, 2001 Joseph Tufariello, the former head of J.P. Morgan Mortgage Capital's east coast lending operation, has formed Fairmount Capital Group LLC, a real estate advisory firm in Short Hills, N.J.Tufariello's firm will focus on raising senior...
J.P. Morgan Chase has apparently decided to sell its 1.6 million-square-foot headquarters building at 60 Wall St. in downtown Manhattan.The New York Daily News, which first reported the story, said the 47-story building could be brought to market...
February 20, 2001 NEWTON, Mass. – HRPT Properties Trust (NYSE:HRP) has registered another 4 million of Series A Cumulative Redeemable Preferred Shares to sell.The notes are priced at $25/share and the dividend yield is 9.875 percent each year...
February 20, 2001 LEXINGTON, Mass. – Cubist Pharmaceuticals Inc. has paid $34 million for 65 Hayden Ave., an 87,000-square-foot office building that will serve as its new corporate headquarters.Jack Kerrigan and Patricia Christensen of Grubb & Ellis Co....
February 20, 2001CLEARWATER, Fla. - American Land Lease Inc. (NYSE:ANL) has promoted Shannon Smith to chief financial officer. Smith, who was previously the company's chief accounting officer, has been working in the company's Clearwater headquarters consolidating the company's...
February 20, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $22.2$19.5 $86.0 $76.4 FFO/shr (diluted) $0.73 $0.63 $2.80 $2.45 Net Income (Mln) $17.5 $10.9 $51.2 $41.3 Net/shr$0.70 $0.41 $1.97 $1.60 Revenue (Mln)$38.3 $34.8 $150.6$128.6 Shares Outstanding (Mln)30.5 31.1 30.7...
February 20, 2001The Rouse Co. 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $64.4$57.4 $252.6 $223.4 FFO/shr (diluted) $0.86 $0.73 $3.30 $2.82 Net Income (Mln) $28.2 $48.6 $158.3 $123.1 Net/shr$0.41 $0.66 $2.24 $1.69 Revenue (Mln)$280.2 $260.5$1,063.2$1,029.7 Shares Outstanding (Mln)68.1 71.2...
February 20, 2001NEW YORK - Fitch has put two classes of CDC Securitization Corp., 1999-FL1, on Rating Watch Positive because of increased subordination due to prepayments.The rating agency put the deal's double A ($41 million) and single-A ($43.7...
February 20, 2001WASHINGTON – Average quarterly earnings growth for equity REITs, as measured by funds from operations per share, remained strong in the fourth quarter, albeit at a slightly slower rate, according to data assembled by the National...
February 20, 2001CHICAGO – Equity Office Properties Trust (NYSE:EOP) has named Donald Huffner regional senior vice president of the company's Atlanta region. Huffner, who is returning to Equity Office after a five-year absence, will be responsible for the...
February 16, 2001 NEW YORK – Glenn E. Whitmore has joined Holliday Fenoglio Fowler as senior managing director in the New York office, where he will continue to represent institutional clients on nationwide sales and recapitalizations.Whitmore comes to...
February 16, 2001 DALLAS - Triad Properties of Texas Ltd. will be the third-party leasing agent for Prescott Realty's Dallas properties.The portfolio includes two WiredZone brand buildings a 224,000-square-foot building, located at 18325 Waterview Parkway and the 153,000-sf...
February 16, 2001 CHARLESTON, S.C. – Golf Trust of America Inc. (AMEX:GTA) has temporarily postponed the release of its fourth quarter earnings, pending the board of directors approval of its liquidation plan.In November, the board authorized management to...
February 16, 2001 NEW YORK – Standard & Poor's has assigned its triple-B rating to Camden Property Trust's $150 million senior unsecured notes due 2011 and $50 million senior unsecured notes due 2006.The deals other classes have been...
February 16, 2001 DALLAS – The Staubach Company has named Clay Smith and Mark Newman as vice president and senior associate, respectively, of Staubach Retail Services. Smith and Newman will advise regional and national retail users of real...
February 16, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $67.0$59.8 $254.1 $221.4 FFO/shr (diluted) $1.04 $0.97 $4.03 $3.61 Net Income (Mln) $53.9 $49.2 $205.0 $176.8 Net/shr$0.74 $0.70 $2.86 $2.46 Revenue (Mln)$116.5 $108.9 $459.4$433.9 Shares Outstanding (Mln)66.3 63.8 65.1...
February 16, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $14.6$14.2 $57.5 $60.0 FFO/shr (diluted) $0.71 $0.67 $2.80 $2.75 Net Income (Mln) $2.2 $5.9 $13.7 $17.5 Net/shr$0.12 $0.29 $0.78 $0.93 Revenue (Mln)$56.0 $55.4 $222.5$224.2 Shares Outstanding (Mln)20.5 21.3 20.6...
February 16, 2001 1st-Qtr 001st-Qtr 99FFO $1.6$1.4 FFO/shr (diluted) $0.18 $0.18 Net Income $1.1 $0.9 Net/shr$.13 $.12 Revenue$2.8 $2.7 Shares outst.8.9 7.6
February 16, 2001 BALTIMORE – Prime Retail Inc. (NYSE:PRT) does not expect to pay any distributions this year on its common stock, 10.5 percent series A senior cumulative preferred stock or 8.5 percent series B cumulative convertible preferred...
February 16, 2001 ST. JOSEPH, Mo. – Monmouth Real Estate Investment Corp. (Nasdaq:MNRTA) has acquired a local industrial building for $12.5 million from Butler Real Estate Inc.The 333,000-square-foot building is net leased to the Mead Corp. for 15...
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