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 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...
November 2, 2000 U.S. firm leases space in East VancouverVancouver Sun, November 2VANCOUVER – Redback Networks Inc., a U.S. high-tech company, has signed a 10-year lease for about 42,230 square feet of office space in the $200 million...
November 2, 2000 ATLANTA – JDN Realty Corp. (NYSE:JDN) has named interim chief financial officer John D. Harris Jr. to the position permanently.Harris, who joined JDN in 1994 as controller, took over the CFO duties in April after...
November 2, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$78.0 $85.0 $255.3 $243.6 FFO/shr (diluted)$0.48 $0.51 $1.56 $1.48 Net Income $29.8 $38.0 $78.0 $90.9 Net/shr$0.19 $0.24 $0.49 $0.57 Revenue (mln)$282.8 $302.8 $902.2 $867.2 Shares Out. (mln)155.7 154.0 166.3 169.8
November 2, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$17.8 $16.4 $51.0 $47.2 FFO/shr (diluted)$0.72 $0.67 $2.07 $1.92 Net Income $15.2 $9.0 $57.3 $99.0 Net/shr$0.77 $0.42 $3.02 $1.18 Revenue (mln)$34.1 $33.9 $99.1 $97.3 Shares Out. (mln)NA NA NA NA
November 2, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$51.2 $45.5 $149.6 $116.2 FFO/shr (diluted)$0.65 $0.58 $1.92 $1.72 Extra Gain (Loss) $15.2 $10.1 $21.9 $10.1 Net Income $30.1 $21.5 $68.8 $44.0 Net/shr (Class B shrs)$0.53 $0.41 $1.28 $0.95 Revenue...
November 2, 2000 LOS ANGELES – Bovis Lend Lease has appointed Thomas M. Miller to principal-in-charge of the Los Angeles office.Previously, Miller was the regional director for Bovis in North Asia, where he was responsible for the company's...
November 2, 2000NEW YORK – Cendant Corp. (NYSE:CD) has agreed to acquire all of the outstanding common stock of Fairfield Communities Inc. (NYSE:FFD) for $15 per share, or about $635 million in cash and stock.Cendant, a hotel franchise...
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...
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