November 8, 2000 Commercial Real Estate Direct Staff ReportSAN DIEGO – Dynex Capital Inc. (NYSE:DX) has finally entered into a definitive agreement to be acquired by an affiliate of First Commercial Corp. for $90 million in cash.The affiliate,...
November 8, 2000 Acktion Corp. to bid for partial take-over of Revenue PropertiesCanada Newswire, November 8TORONTO – Acktion Corp. intends to make an unsolicited partial take-over bid for common shares of Revenue Properties Co. Ltd. for $2.50 in...
November 8, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$43.3 $46.9 $124.6 $141.0 FFO/shr (diluted)$0.48 $0.51 $1.37 $1.52 Extra Gain (Loss) $1.2 $.19 $9.1 $.19 Net Income $33.2 $34.7 $95.7 $106.1 Net/shr$0.30 $0.32 $0.88 $0.99 Revenue (mln)$102.9 $108.2 $314.1...
November 8, 2000 LOS ANGELES – A national finance company has provided $24.5 million of interim financing for the WestCoast Anaheim Hotel a block from DisneyLand in Southern California.The hotel's owner, WestCoast Hospitality Corp. of Spokane, Wash., was...
November 8, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$16.3 $16.3 $50.2 $49.3 FFO/shr (diluted)$0.31 $0.30 $0.95 $0.92 Net Income $89.8 $4.6 $92.3 $16.1 Net/shr$1.62 $0.01 $1.50 $0.06 Revenue (mln)$63.1 $62.0 $125.1 $NA Shares Out. (mln)52.5 53.3 52.8 53.2
November 8, 2000 A New York investment group has agreed to pay about $45 million, or $100/sf, for Key Center at Fountain Plaza in downtown Buffalo, N.Y.According to The Wall Street Journal, the 450,000-square-foot complex is being sold...
November 8, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$15.8 $13.1 $45.5 $38.8 FFO/shr (diluted)$0.75 $0.65 $2.18 $1.93 Net Income (mln) $8.3 $7.7 $26.8 $25.6 Net/shr$0.39 $0.38 $1.27 $1.26 Revenue (mln)$34.9 $31.6 $101.9 $92.1 Shares Out. (mln)21.2 20.2 20.9...
November 8, 2000 CHICAGO – Rodamco North America NV (Amex: RDMA) has completed its acquisition of Urban Shopping Centers Inc. (NYSE:URB).Urban shareholders who did not tender their shares pursuant to the previously completed tender offer, which expired at...
November 8, 2000 ST. JOHN'S, Newfoundland – Fortis Properties Corp. has agreed to buy a portfolio of three office properties in Atlantic Canada from Aliant Inc. for C$80 million (US$52.2 million).The properties total about 1 million square feet...
November 7, 2000 (NewsTraders.com) – Credit Suisse First Boston analyst Brian Egger, while launching coverage Tuesday on four companies in the lodging industry, positioned Starwood Hotels & Resorts (NYSE:HOT) as his top selection with a strong buy rating."The...
November 7, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$10.8 $11.6 $32.8 $34.5 FFO/shr (diluted)$0.36 $0.38 $1.08 $1.14 Net Income (mln) $8.6 $8.8 $25.8 $25.8 Net/shr$0.28 $0.29 $0.85 $0.85 Revenue (mln)$20.2 $19.0 $60.3 $57.0 Shares Out. (mln)30.4 30.4 30.5...
November 7, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$9.1 $8.4 $26.6 $23.7 FFO/shr (diluted)$0.54 $0.50 $1.61 $1.43 Net Income (mln) $4.9 $7.6 $17.4 $20.4 Net/shr$0.29 $0.46 $1.05 $1.23 Revenue (mln)$25.4 $24.3$74.8 $70.9 Shares Out. (mln)16.8 16.6 16.6 16.6
November 7, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$65.0 $61.3 $197.5 $182.2 FFO/shr (diluted)$0.89 $0.83 $2.70 $2.46 Extra Gain (Loss) $8.8 $----- $75.8 $----- Net Income $20.0 $32.5 $150.9 $83.3 Net/shr$0.34 $0.55 $2.50 $1.42 Revenue (mln)$143.4 $139.0 $432.3...
November 7, 2000 SAN FRANCISCO – Cisco Systems has agreed to lease a substantial chunk of land at Pacific Commons, a proposed business park in Fremont, Calif., allowing Catellus Development Corp. (NYSE:CDX) to move ahead with development.As previously...
November 7, 2000Brickman Associates and Rockwood Capital are teaming to buy the office condo above Barneys New York's flagship department store at 660 Madison Ave. for $108 million, or about $432/sf. Earlier reports said that Brickman had alone...
November 7, 2000 TORONTO – Greenwin Property Management Inc. is converting to the Realm's Newstar Real Estate Management System.Greenwin, a residential property manager in Canada, agreed in June to use the Newstar software to automate the company's daily...
November 7, 2000 ROCKVILLE, Md. – Criimi Mae Inc. (NYSE:CMM) recovered $189 million from the sale of subordinate commercial mortgage-backed securities from four transactions to ORIX Real Estate Capital Markets LLC.Criimi will use about $30 million of the...
November 7, 2000First Union National Bank has filed a term sheet related to an upcoming $1.14 billion commercial mortgage-backed securities offering it is planning with Merrill Lynch.The deal is expected to price before the end of the month.
November 7, 2000 NEW YORK – Standard & Poor's has raised its ratings on BKB Commercial Mortgage Trust's 1997-C1.S&P raised class E to single-A from double-B, class F to triple-B from single-B and class G to double-B from...
November 7, 2000NEW YORK – Brookfield Properties Corp. (NYSE:BPO) has joined forces with three venture capital firms to fund emerging technology companies that supply telecommunications and technology-based products and services to real estate businesses and their tenants.The REIT...
November 7, 2000 (NewsTraders.com) – Boykin Lodging (NYSE:BOY) was promoted to maintain from reduce today by A.G. Edwards & Sons analyst Manuel Pyles.Pyles said his investment model predicts improved performance for the REIT'S stock, despite continued declines in...
November 7, 2000 SAN FRANCISCO – Bank of America and Prudential, which had been exploring creating their own online exchange for corporate real estate transactions, have collaborated with IBM and netStruxr to create such an application.Bank of America,...
November 7, 2000 NEW YORK – Credit Lyonnais is providing $80 million in permanent financing for Brickman Associates and Rockwood Capital Real Estate Fund IV's acquisition of the commercial office condominium interest in 660 Madison Avenue, at the...
November 7, 2000 ORLANDO, Fla. – A group of lenders led by First Union has extended the maturity, to October 2003, of a $200 million unsecured credit facility to Commercial Net Lease Realty Inc. (NYSE:NNN). The amended facility...
November 7, 2000 Harbor Group buys two office buildingsThe Virginian-Pilot, November 7COLUMBIA, S.C. – Norfolk, Va.-based Harbor Group International LLC has acquired two office parks one in Columbia, S.C., and one in Nashville, Tenn., for $87 million. The...
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