February 2, 2001 FORT WORTH, Texas – Crescent Real Estate Equities Co. (NYSE:CEI) has promoted David M. Dean to executive vice president of law and administration.He has served as senior vice president of law since he joined the...
February 2, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $55.1$49.2 $220.4 $192.4 FFO/shr (diluted) $0.75 $0.66 $2.96 $2.56 Net Income (Mln) $34.3 $27.2 $179.5 $143.2 Net/shr$0.25 $0.23 $1.12 $0.90 Revenue (Mln)$132.7 $133.8 $558.0$515.9 Shares Outstanding (Mln)65.2 66.8 66.2...
February 2, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $17.0$19.9 $75.5 $78.4 FFO/shr (diluted)$0.59 $0.70 $2.64 $2.76 Net Income (Mln)$14.8$18.1$68.1 $75.6 Net/shr$0.40 $0.51 $1.91 $2.21 Revenue (Mln)$33.8 $33.8 $137.0$129.3 Shares Outstanding (Mln)28.8 28.5 28.6 28.4
February 2, 2001 WASHINGTON - Lerner Enterprises and its affiliate LMH Realty Group LLC are moving ahead with a proposed 190,000-sf Class-A office building in Washington, D.C.The project, located at 20 M St. SE, will be across from...
February 2, 2001 BUFFALO, N.Y. – Sovran Self Storage Inc. (NYSE:SSS) and Locke Preferred Equity LLC have formed a $40 million joint venture.Locke Sovran I has already acquired eight self-storage facilities: one in Cincinnati and one in Dayton,...
February 2, 2001 The California Public Employees' Retirement System has paid $175 million for a 5 percent stake in the Carlyle Group, a Washington, D.C.-based private-equity firm, and has committed $250 million to several of Carlyle's new funds,...
February 2, 2001 Eastdil Realty has gotten the nod to market the Algonquin Hotel, a historic hotel at 59 West 44th St., in midtown Manhattan. Local brokers expect that the 165-unit hotel, between Fifth and Sixth avenues, will...
February 2, 2001 MAUI, Hawaii – Marriott International Inc. (NYSE:MAR) has sold the Ritz-Carlton Kapalua, a hotel it recently bought for $144 million, to a joint venture it formed with affiliates of Blackacre Capital Management LLC.The hotel company...
February 2, 2001 NEW YORK – Fitch has downgraded Omega Healthcare Investors Inc.'s preferred stock to single-D from single-B-minus.The move stems from Omega's decision to suspend dividends on all its preferred and common shares.In addition, Fitch has withdrawn...
February 1, 2001 LOS ANGELES – Cousins Properties Inc. (NYSE:CUZ) has acquired the remaining 49.9 percent interest in Phase I of the Cerritos Corporate Center for $7.5 million from its venture partner CommonWealth Pacific.Cousins now owns the 222,000-square-foot...
February 1, 2001 SAN FRANCISCO – Jacqueline D. Reses has been appointed chief executive officer at iBuilding.Prior to iBuilding, Reses handled business development at 12 Entrepreneuring Inc., the entrepreneurial operating company that led iBuilding's $15 million in financing.Before...
February 1, 2001 SAN JOSE, Calif. – GMAC Commercial Mortgage Corp. has provided $29.6 million of fixed-rate financing for two hotels in Milpitas, Calif.JWMFE Milpitas CY LLC has received a $16 million loan for the 155-unit Courtyard by...
February 1, 2001 By Patrick Crowley, Commercial Real Estate Direct Contributing WriterOne of the nation's largest education pension funds has made a $28 million purchase of industrial property outside of Cincinnati in northern Kentucky, giving brokers cause to...
February 1, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln)$6.5$6.5 $31.8 $31.8 FFO/shr $0.36 $0.36 $1.72 $1.76 Net Income (Mln)$12.1 $2.9 $15.0 $16.9 Net/shr$0.61 $0.07 $0.48 $0.61 Revenue (Mln)$23.9 $13.9 $63.7$62.7 Shares Outstanding (Mln)18.2 18.1 18.2 18.1
February 1, 2001 DALLAS – Infomart has partnered with Sarofim Realty Advisors to buy 65 acres at the northwest corner of Interstate 45 and Beltway 8 West in Houston's Greenspoint area from Ray Nasher.Infomart, the Dallas-based developer of...
February 1, 2001 DENVER – Lowe Enterprises Investment Management Inc. has acquired the Koll Peoria Center from Koll Development on behalf of a pension fund client for an undisclosed amount.The more than 400,000-square-foot industrial campus consists of two...
February 1, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $48.7 $43.2 $185.1 $170.4 FFO/shr (diluted)$0.74 $0.66 $2.82 $2.60 Net Income (Mln) $26.6 $23.7 $96.7 $96.6 Net/shr$0.42 $0.37 $1.52 $1.53 Revenue (Mln)$104.1 $89.8 $388.1$340.7 Shares Outstanding (Mln)63.8 63.4 63.6...
February 1, 2001 PARSIPPANY, N.J. – Restraint in debt markets is keeping the nation's commercial real estate market out of recession, according to "2001 Market Outlook," by Prudential Real Estate Investors.That restraint has resulted in little overbuilding.The pension-fund...
February 1, 2001 NEW YORK – Standard & Poor's has raised its ratings on four classes of Chase Commercial Mortgage Securities Corp.'s series 1996-1 and affirmed three other classes.The rating agency has raised class B to double-A-plus from...
February 1, 2001 NEW YORK – FiberNet Telecom Group Inc. (NYSE:FTGX) has signed a multiyear agreement providing IntelliSpace access to a minimum of 30 million square feet of office space in major U.S. metropolitan areas.The agreement includes virtually...
February 1, 2001 LONG ISLAND, N.Y. – Acadia Realty Trust (NYSE:AKR) will repurchase an additional $10 million of its stock.The company has almost completed its first program to repurchase $10 million of its shares."To the extent that our...
February 1, 2001 SOUTHFIELD, Mich. – Ramco-Gershenson Properties Trust (NYSE:RPT) has sold a 350,000-square-foot community shopping center in White Lake, Mich., for about $20 million. The sale of White Lake MarketPlace represents a capitalization rate of 9.1 percent...
February 1, 2001 It may not be long before most of the assets that First Union Real Estate Equity and Mortgage Investments (NYSE:FUR) is now selling hit the market once again.Radiant Investors LLC, which agreed in September to...
February 1, 2001 By Brad Berton, Commercial Real Estate Direct Contributing WriterRREEF Funds has purchased an 80,000-square-foot R&D building in the scalding San Jose market in the heart of Silicon Valley – where such properties often lease for...
February 1, 2001 Commercial Real Estate DirectDeutsche Bank is planning a $750 million large loan securitization. The bank will lead manage the deal and serve as sole bookrunner. J.P. Morgan Chase will be the co-lead manager on the...
© 2023 Commercial Real Estate Direct All rights reserved.
© 2023 Commercial Real Estate Direct All rights reserved..