November 6, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$13.7 $14.6 $42.9 $45.9 FFO/shr (diluted)$0.67 $0.66 $2.08 $2.08 Extra Gain (Loss) $1.1 $5.1 $10.5 $5.5 Net Income $1.6 $6.5 $11.5 $12.1 Net/shr$0.09 $0.34 $0.65 $0.64 Revenue (mln)$56.4 $56.5 $166.6...
November 6, 2000 Industry news: Law firm looks to moveAtlanta Journal-Constitution, November 6ATLANTA – The law firm of Arnall Golden & Gregory is about to start looking for a sizable amount of office space. The firm's headquarters are...
November 6, 2000 SANTA MONICA, Calif. – A consortium of seven apartment REITs has led a $17.3 million round of venture capital for Viva, an online lease exchange that matches renters with apartments. J.P. Morgan acted as adviser...
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 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 2, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorSouthern California's aggressive commercial property brokerage recruiting wars continue with veteran San Diego investment specialists Robert E. Hill and Stephen L. Rowland jumping from Burnham Real Estate...
November 2, 2000 NEW YORK – Fitch has upgraded three classes of Morgan Stanley Capital I Inc.'s series 1995-GAL-1 and affirmed other classes it rates in the series.The $19.3 million class B was upgraded to triple-A from double-A;...
November 2, 2000 (NewsTraders.com) – General Growth Properties (NYSE:GGP) was downgraded to buy from aggressive buy today by McDonald Investments analyst Richard Moore.The analyst, who also clipped his 12-month price target to $35 from $40, said he issued...
November 2, 2000 WEST CONSHOHOCKEN, Pa. – Keystone Property Trust (Amex:KTR) has sold four noncore industrial properties in New Jersey to Connecticut General Life Insurance Co. for $15.8 million, at a 9.3 percent cap rate.The properties, which total...
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