November 11, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$192.5 $168.0 $543.1 $496.5 FFO/shr (diluted)$0.80 $0.70 $2.25 $2.08 Net Income $51.2 $51.2 $138.9 $143.8 Net/shr$0.25 $0.24 $0.69 $0.68 Revenue (mln)$493.9 $471.2 $1,459.4 $1,371.3 Shares Out. (mln)172.8 173.5 173.2 172.0
November 10, 2000 Downtown space becomes scarceVancouver Sun, November 10VACOUVER – With little new construction in sight, insatiable demand for downtown office space will result in record absorption by year end, when the vacancy rate is expected to...
November 10, 2000 DALLAS – Bank of America has agreed to provide U.S. Restaurant Properties Inc. (NYSE:USV) a $175 million secured bridge facility The floating-rate loan is expected to be securitized, either on a stand alone basis, or...
November 10, 2000 (NewsTraders.com) – Kimco Realty Corp.(NYSE:KIM) senior executive vice president Joseph Kornwasser plans to sell 140,000 common shares of the REIT, according to a Form 144 document released Nov. 9 by the SEC.Kornwasser, also a company...
November 10, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$75.0 $57.2 $232.2 $254.5 FFO/shr (diluted)$0.60 $0.43 $1.78$1.83 Net Income (mln) $78.2 $(105.7) $155.8 $(25.5) Net/shr$0.70 $(0.88) $1.34 $(0.21) Revenue (mln)$177.1 $185.5 $528.2$563.7 Shares Out. (mln)111.1 121.3 116.5 125.9
November 10, 2000 SAN DIEGO – Shareholders of Pan Pacific Retail Properties Inc. (NYSE:PNP) and Western Properties Trust (AMEX:WIR) have approved the plan for Pan Pacific to acquire Western Properties. The companies, which agreed to the merger in...
November 10, 2000 Commercial Real Estate Direct Staff ReportGMAC Commercial Mortgage is said to be working on putting together a wide-ranging analytical product for the commercial mortgage industry.Few specific details of the system, Realpoint, are known.GMAC, which is...
November 10, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorPacifica Hosts Inc. has paid $20 million, or $33,840/unit for the 591-room Wyndham Los Angeles Airport hotel.The seller, Almo Hotel Co., had seen two previous deals fail...
November 10, 2000 NEW YORK – Fitch is upgrading GMAC Commercial Mortgage's master servicer rating to CMS2 from CMS3 and primary servicer to CPS2 from CPS3.Fitch said the upgrades were due to technological enhancements GMAC has made to...
November 10, 2000 Post Properties Inc. (NYSE:PPS) has sold two apartment communities in Nashville, Tenn., to a life insurance company.Principal Life Insurance Co. of Des Moines, Iowa, has bought Post Hillsboro Village and Post Green Hills, which together...
November 10, 2000Mack-Cali Realty Corp. (NYSE:CLI), which recently nixed its plan to acquire Prentiss Properties Trust, is launching a massive disposition effort that the firm says will result in the sale of about $600 million of real estate...
November 10, 2000 MIAMI – Telecommunications giant Terremark Worldwide Inc. (AMEX:TWW) has secured $109 million in partnership equity and construction financing to complete Technology Center of the Americas, a state-of-the-art telecom hotel Terremark is developing in Miami.Ocean Bank,...
November 10, 2000 NEWPORT BEACH, Calif. – Shareholders of Pacific Gulf Properties (NYSE:PAG) have approved the REIT's plan of liquidation.The REIT is expected to sell its 67 industrial properties to CalWest Industrial Properties for $857 million.CalWest is a...
November 10, 2000Demand stays high for office buildingsAtlanta Journal-Constitution, November 10ATLANTA – Pension funds and institutional investors are being careful when considering buying office properties in metro Atlanta, said Dick Bryant, managing director of Advantis, a Buckhead-based real...
November 10, 2000 NEW YORK – Developers Aby Rosen and Michael Fuchs of RFR Holdings, along with partner Trevor Davis, are said to be planning an exclusive, upscale hotel at 60 East 55th St., according to an article...
November 9, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$7.4 $9.2 $24 $23.1 FFO/shr (diluted)$0.21 $0.25$0.67$0.63 Extra Gain (Loss) ($0.8 mln) -- ($0.8 mln) $1.3 mln Net Income $1.1 $3.1 $5.9 $5.1 Net/shr$0.04 $0.12 $0.23 $0.20 Revenue (mln)$23.5 $24.4...
November 9, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$43 $41.4 $131.1 $120.6FFO/shr (diluted)$0.94 $0.94$2.90 $2.74 Extra Gain (Loss) -- -- -- ($0.5 mln)Net Income $24.1 $23.8$75 $69.1 Net/shr$0.60 $0.61 $1.88 $1.78 Revenue (mln)$101.3 $88.2$296.3 $254.6
November 9, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$193.8 $165.9$563.6$486.4FFO/shr (diluted)$1.27$1.13 $3.71 $3.32 Net Income $178 $67.9 $376.2 $201Net/shr$1.33 $0.55 $2.88 $1.66 Revenue (mln)$537.3 $435.2$1,516$1,274 Shares Out. (mln)152.5 147151.9 146.6
November 9, 2000 Fleet Securities Inc. has led a syndicate of nine banks that provided Sovran Self Storage Inc. (NYSE:SSS) $255 million of financing.Fleet arranged the three-part loan. Other lenders in the syndicate include First Union National Bank,...
November 9, 2000 FleetBoston Financial's corporate real estate department has launched a Web site that lists the 50 surplus branches that it is currently offering for sale or lease.The site, www.fleetproperty.com, was designed by eProperty.com, which is affiliated...
November 9, 2000 HOUSTON – Amstar Group Ltd. is making a $40 million investment in a proposed 432-unit apartment complex in downtown Houston.The complex is being developed by the Morgan Group, which was advised by Tom Fish of...
November 9, 2000 (NewsTraders.com) – Real estate investment trust FBR Asset Investment Corp. (AMEX:FB) revealed in a filing today that its president and COO, William Swanson, passed away on Nov. 3.Eric Billings will continue to serve as FBR...
November 9, 2000 CHICAGO – Prime Group Realty Trust (NYSE:PGE) has recovered $36.8 million from the sale of three industrial properties.The sales will result in a gain of $3.3 million and are part of the REIT's move to...
November 9, 2000 Wells Fargo leases 40,000 sfCharlotte Observer, November 9CHARLOTTE, N.C. – Wells Fargo Home Mortgage Inc. has leased 40,000 square feet of office space at 2801 W. Tyvola Rd., near the Charlotte Coliseum, from Belk Stores...
November 9, 2000 Northwestern Mutual Life Insurance has provided a $147 million mortgage to refinance the Country Club Plaza, one of the country's first suburban shopping centers.The Kansas City, Mo., property was inherited by Highwoods Properties Inc. (NYSE:HIW)...
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