October 26, 2000By Brad Berton, Commercial Real Estate Direct Contributing EditorAMB Property Corp. has leased about 187,000 square feet of industrial space at two of its Los Angeles-area properties in deals totaling $9.6 million.Leading microturbine power systems manufacturer...
October 26, 2000 Final parcel of undeveloped land purchasedThe Orlando Sentinel, October 26ORLANDO, Fla. – L.M. Sandler and Sons Inc., of Virginia Beach, Va., and its affiliate SouthStar Development Partners Inc., of Miami, have purchased the remaining 520...
October 26, 2000 TEMPE, Ariz. – GMAC Commercial Mortgage Corp. and Goldman Sachs have provided $146 million of permanent financing for a 1.2 million-square-foot shopping mall.The mall, Arizona Mills, is owned by a venture of Mills Corp., Simon...
October 26, 2000 Commercial Real Estate Direct Staff ReportBrickman Associates has sued International Paper Co. for reneging on what it claims was a contract to sell a 110-acre estate straddling the Greenwich and Stamford borders in Connecticut.International Paper...
October 26, 2000 Lodgian Inc. (NYSE:LOD) is claiming victory over William Yung, who led a group of shareholders that controls 14.9 percent of the REIT. Lodgian says that its shareholders voted to re-elect management nominees John M. Lang...
October 26, 2000 By Thomas J. Walsh, Commercial Real Estate Direct Senior WriterDALLAS – A 372,000-square-foot office complex called The Princeton, in an emerging business area, is up for sale. The asking price is about $42.5 million, or...
October 26, 2000 Commercial Real Estate Direct The $1.3 billion DLJ Commercial Mortgage Corp. Series 2000-CKP1 conduit deal is due to price by late tomorrow morning, sources close to the deal say. Underwriters with Donaldson, Lufkin & Jenrette...
October 26, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln) $11.7 $9.8 $35.1 $28.6 FFO/shr (diluted) $0.62 $0.59 $1.85 $1.70 Net Income (mln) $7.0 $19.6 $21.0 $32.0 Net/shr$0.29 $1.11 $0.86 $1.74 Revenue (mln)$24.6 $21.5 $71.3 $63.4 Shares Out. (mln)...
October 26, 2000 NASHVILLE, Tenn. – Corrections Corporation of America (NYSE:CXW) has agreed to pay about $123 million to settle all outstanding stockholder litigation against the company and certain of its existing and former directors and executive officers....
October 26, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln) $21.3 $17.3 $58.6 $49.6 FFO/shr (diluted) $1.02 $0.84 $2.84 $2.45 Net Income (mln) $10.3 $13.0 $33.0 $29.2 Net/shr$0.54 $0.71 $1.79 $1.66 Revenue (mln)$47.4 $37.8 $129.3 $160.5 Shares Out. (mln)...
October 26, 2000 NEW YORK – Standard & Poor's has assigned its single-A rating to class A-3 of Asset Securitization Corp., 1996-D2.As of the end of September, class A-3 had an outstanding balance of $52.8 million. S&P had...
October 25, 2000 PNC Bank is offering a $7.1 million mortgage on the Inn at Nichols Village, a 155-room hotel in northeastern Pennsylvania, near Scranton.The four diamond hotel resort, which started life right after World War II as...
October 25, 2000 SAN JOSE, Calif. – Divco West has paid $33 million, or $244.70/sf, for the Mountain View Technology Park in Mountain View, Calif.The office/research and development complex contains 135,000 square feet in seven one-story buildings. Divco...
October 25, 2000 CHICAGO – Banyan Strategic Realty Trust (Nasdaq:BSRTS) is in talks to sell its entire portfolio of real estate in a deal valued at about $88 million.If the negotiations result in a definitive agreement to sell...
October 25, 2000 Home Properties (NYSE:HME) has acquired a 371-unit apartment complex in Elgin, Ill., for $17.5 million, or about $47,170/unit.The Rochester, N.Y., REIT assumed $10.7 million in debt and paid $6.8 million in cash for the Blackhawk...
October 25, 2000 New hospital for N. Fulton proposedAtlanta Journal-Constitution, October 25ATLANTA – EHCA, a joint venture between HCA and Emory Healthcare, has proposed plans to build a $93 million, four-story, 272,000-square-foot hospital on 30 acres in north...
October 25, 2000 BOSTON – Charter Research Corp. is providing summary reports on individual commercial mortgage-backed securities transactions on the Visible Markets Inc. bond-trading platform.The reports, which Charter calls profile reports, provide detailed collateral and deal structure information...
October 25, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln) $59.4 $54.3 $174.3 $156.4 FFO/shr (diluted) $0.80 $0.74 $2.36 $2.14 Extra Gain (Loss) $----- $----- $2.1 $----- Net Income (mln) $40.1 $32.1 $117.3 $107.8 Net/shr$0.54 $0.44 $1.60 $1.49 Revenue...
October 25, 2000NEW YORK – For the fifth consecutive year, San Francisco has been named the top major U.S. market for commercial real estate investment and development by Emerging Trends in Real Estate, the annual report released by...
October 25, 2000 BUDAPEST – The Hungarian government is looking to privatize a real estate company it owns, which controls a portfolio said to be valued at about $50 million.The company, CD Hungary Rt, owns dozens apartment buildings...
October 25, 2000 J.P. Morgan Securities and Chase Securities have arranged a for a 16-bank syndicate to provide Cabot Industrial Trust (NYSE:CTR) with a new $325 million unsecured revolving credit facility, which replaces the REIT's previous facility of...
October 25, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln) $11.2$11.8 $33.3 $34.5 FFO/shr (diluted) $0.61 $0.54 $1.77 $1.56 Net Income (mln) $27.9$8.8 $58.6 $32.9 Net/shr$1.52 $0.41 $3.12 $1.50 Rental Revenue (mln)$24.7 $22.5 $74.0 $66.1 Shares Out. (mln)18.4 21.7...
October 25, 2000 CHICAGO – Fitch has upgraded two classes of Structured Asset Securities Corp.'s 1997-LL1 and affirmed the other classes that it rates in the series.The rating agency lifted the $114.1 million Class D to triple-B-plus from...
October 25, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln) $28.9 $27.1 $84.5 $78.0 FFO/shr (diluted) $1.07 $1.01 $3.15 $2.91 Net Income (mln) $19.9 $19.6 $59.3 $56.8 Net/shr$0.55 $0.54 $1.65 $1.57 Rental Revenue (mln)$63.6 $57.2 $184.4 $165.6 Shares Out....
October 25, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln) $46.7 $42.6 $136.4 $127.2 FFO/shr (diluted) $0.71 $0.65 $2.08 $1.94 Net Income (mln) $23.4 $24.0 $70.1 $73.1 Net/shr$0.37 $0.38 $1.10 $1.16 Revenue (mln)$100.1 $87.4 $284.1 $251.1 Shares Out. (mln)...
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