November 6, 2000 MANHATTAN BEACH, Calif. – Center Trust Inc. (NYSE: CTA) has redeemed its $30 million of exchangeable debentures.The REIT paid par for the debt, which was slated to mature on Dec. 27, 2003.Center Trust financed the...
November 6, 2000 NEW YORK – PNC Real Estate Finance has adopted CapitalThinking Inc.'s Bluewire lending platform for its commercial mortgage origination operation.PNC becomes the second lending institution to adopt Bluewire for its lending platform. Earlier, J.P. Morgan...
November 6, 2000Fitch downgraded classes of LTC 1996-1 primarily because of the continued deterioration in the performance of the underlying properties and uncertainty regarding their future performance.A story on Nov. 3, "Fitch Downgrades LTC 1996-1 Because of Healthcare...
November 3, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$21.2 $19.7 $63.2 $57.6 FFO/shr (diluted)$0.66 $0.62 $1.96 $1.82 Net Income $9.1 $8.3 $27.6 $26.3 Net/shr$0.32 $0.30 $0.97 $0.93 Revenue (mln)$51.3 $48.1 $150.9 $140.6 Shares Out. (mln)32.2 31.8 32.2 31.7
November 3, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$76.8 $68.9 $226.2 $223.1 FFO/shr (diluted)$1.15 $0.91 $3.35 $2.94 Net Income $24.2 $23.8 $1.8 $89.0 Net/shr$0.44 $0.35 $0.03 $1.30 Revenue (mln)$140.5 $124.1 $405.4 $386.2 Shares Out. (mln)54.6 68.2 56.3 68.3
November 3, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$55.7 $51.3 $163.1 $142.4 FFO/shr (diluted)$0.99 $0.91 $2.89 $2.78 Net Income $30.4 $30.4 $90.3 $81.0 Net/shr$0.51 $0.51 $1.50 $1.51 Revenue (mln)$65.8 $62.3 $191.6 $174.6 Shares Out. (mln)56.5 56.4 56.5 51.3
November 3, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$12.4 $10.1 $29.5 $31.0 FFO/shr (diluted)$0.62 $0.57 $1.81 $1.75 Extra Gain (Loss) $(0.8) $(0.8) $(0.8) $(0.8) Net Income $4.6 $4.7 $15.1 $16.1 Net/shr$0.27 $0.26 $0.93 $0.91 Revenue (mln)$35.2 $31.52 $102.3...
November 3, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$9.0 $11.4 $29.7 $35.9 FFO/shr (diluted)$0.35 $0.42 $1.14 $1.31 Extra Gain (Loss) $1.2 $---- $1.3 $---- Net Income $10.3 $12.0 $30.8 $37.4 Net/shr$0.25 $0.30 $0.75 $0.95 Revenue (mln)$21.5 $22.8 $66.8...
November 3, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$56.3 $49.6 $165.3 $143.1 FFO/shr (diluted)$0.75 $0.67 $2.22 $1.90 Extra Gain (Loss) $(20.2) $(21.3) $(28.0) $(49.8) Net Income $50.0 $39.4 $145.2 $116.0 Net/shr$0.60 $0.45 $1.76 $1.31 Revenue (mln)$131.7 $128.3 $407.4...
November 3, 2000 Brookfield Properties Corp., a short-listed bidder for the World Trade Center in Manhattan, has teamed with two equity partners to win the 99-year lease, according to a report on the Dow Jones Newswire.The report cited...
November 3, 2000 ROCHESTER, N.Y. – Home Properties (NYSE:HME) has acquired a portfolio of five apartment communities, with a total of 429 units, in Patchogue, N.Y., for $26.6 million, or $62,000 per unit, from investor Caesar Figoni.The REIT...
November 3, 2000 Plans for development of a new headquarters for the New York Stock Exchange across the street from the current NYSE home at 11 Wall St. could be in jeopardy, with a report that the project...
November 3, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$78.0 $85.0 $255.0 $244.0 FFO/shr (diluted)$0.48 $0.51 $1.56 $1.48 Extra Gain (Loss) $(334.0) $1.3 $23.9 $(243.0)Net Income $29.8 $38.0 $78.0 $90.9 Net/shr$0.19 $0.24 $0.49 $0.57 Revenue (mln)$157.6 $165.9 $508.2 $482.7...
November 3, 2000 Commercial Real Estate Direct Staff ReportNorthwestern Mutual has provided a fixed-rate $55 million mortgage to refinance the Westin Building, a 34-story Class-A office building in downtown Seattle.A partnership consisting of Seattle's Clise Properties, Starwood Hotels...
November 3, 2000 JERICHO, N.Y. – Getty Realty Corp. (NYSE:GTY), a real estate company that controls a 1,100-property gas station portfolio in the eastern United States, may soon take up REIT status. The company, which specializes in service...
November 3, 2000Boykin Lodging Co. (NYSE:BOY) has posted third quarter fund from operations of $0.76 per share as opposed to last year's third-quarter figure of $0.81 per share. The nine months figure is $2.07 per share as compared...
November 3, 2000ROCKVILLE, Md. – Washington REIT (NYSE:WRE) plans to issue next week $55 million of 7.78 percent Medium Term Notes, Series B, due 2004.Washington REIT expects that the transaction will net the company $54.8 million, which it...
Clarification (November 6, 2000): Fitch downgraded classes of LTC 1996-1 primarily because of the continued deterioration in the performance of the underlying properties and uncertainty regarding their future performance.The story below attributes the downgrades to troubles at operators...
November 3, 2000 BOSTON – Goldman Sachs and Morgan Stanley Dean Witter, lead managers of a stock offering for Boston Properties Inc. (NYSE:BXP) have exercised their overallotment option to buy an additional 2.1 million common shares of the...
November 3, 2000TORONTO – RioCan Real Estate Investment Trust (TSE:REI_u.TO) has completed its acquisition of five shopping centers from Ivanhoe Inc. for $58.5 million in cash.The REIT expects that the five grocery-anchored shopping centers, which contain 500,000 square...
November 3, 2000 Survey predicts rosy '01 for Atlanta hotelsAtlanta Journal-Constitution, November 3ATLANTA – The average daily hotel room rate has increased to $82.90 from $80.31 in 1999, according to a PKF Consulting survey of the industry. However,...
November 2, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$14.2 $14.9 $38.5 $39.0 FFO/shr (diluted)$0.76 $0.81 $2.07 $2.13 Net Income $5.5 $7.1 $14.4 $16.6 Net/shr$0.32 $0.42 $0.83 $0.97 Hotel Revenue (mln)$81.5 $80.4 $233.2 $229.7 Shares Out. (mln)17.3 17.1 17.3...
November 2, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$79.1 $69.7 $225.0 $184.5 FFO/shr (diluted)$1.06 $0.97 $3.03 $2.80 Extra Gain (Loss) $----- $1.5 $------ $3.3 Net Income $25.2 $17.6 $69.2 $44.4 Net/shr$0.48 $0.35 $1.33 $1.01 Revenue (mln)$272.9 $226.8 $792.6...
November 2, 2000 NEW YORK – Lend Lease Real Estate Investments Inc.'s Value Enhancement Fund IV said that its pending purchase of a 30-property portfolio from American Industrial Properties (NYSE:AIP) totals more than 2.8 million square feet.The portfolio...
November 2, 2000 SOUTH PLAINFIELD, N.J. – Wells Real Estate Investment Trust has acquired a 236,710-square-foot Class-A office building for $33.7 million from a partnership formed by the Archon Group.The three-story building, at 1111 Durham Ave., is 100...
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