August 25, 2000 SACRAMENTO, Calif. – Mark Albertson, real estate portfolio manager of the California Public Employees' Retirement System, is leaving after less than a year with the pension fund. According to the The Sacramento Bee, Albertson is...
August 25, 2000 CHICAGO – The operating partnership unit of Equity Office Properties Trust (NYSE:EOP) has privately placed $300 million of exchangeable senior unsecured notes due 2008.The partnership can raise another $75 million through an over-allotment option that...
August 25, 2000 HOUSTON – A partnership involving Weingarten Realty Investors (NYSE: WRI) has acquired the Rockwall Market Center from Dallas-based RW Market Center Associates, for an undisclosed price.The 209,000 square foot center sits on 2.4 acres at...
August 25, 2000 (NewsTraders.com) – London-based investment firm Acquisitor PLC sold its entire stake in Miller Building Systems Inc. (Nasdaq: MBSI), according to a filing Friday with the SEC. Acquisitor, which last reported a 9.9 percent stake, said...
August 25, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $0.8 mln$0.9 mln $1.5 mln $1.7 mln FFO/shr (diluted) $0.33$0.41 $0.64 $0.77 Extra Gain (Loss) $ -- $0.7 mln $ -- mln $0.7 mln Net Income (loss) $0.06 mln $2.5...
August 25, 2000 1-4 Westmount Square in downtown Montreal is being offered via a bid process, according to the property's broker, Armand Des Rosiers of DS Marcil. A story published yesterday, Huge Mixed-Use Montreal Complex Up for Sale...
August 25, 2000 NEWPORT BEACH, Calif. – Pacific Gulf Properties Inc. (NYSE:PAG) has agreed to sell seven apartment complexes totaling 1,139 apartment to three buyers for about $92.9 million.The buyers will pay Pacific Gulf $61.2 million in cash,...
August 25, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $16.3 mln$16 mln $32.8 mln $32 mln FFO/shr (diluted) $0.61$0.60 $1.23 $1.19 Net Income (loss) $10.4 mln $9.8 mln $20.9 mln $19.7 mln Net/shr$0.39 $0.37 $0.78 $0.74 Revenue$28.4 mln $24.9...
August 25, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $10.8 mln$11.5 mln $22 mln $23 mln FFO/shr (diluted) $0.36$0.38 $0.72 $0.76 Net Income (loss) $8.6 mln $7.1 mln $17.2 mln $17 mln Net/shr$0.28 $0.23 $0.57 $0.56 Revenue$19.6 mln $19.2...
August 25, 2000 CHICAGO – A venture between investment funds operated by Lend Lease Real Estate Investments Inc. and the John Buck Co. has completed its purchase of 333 West Wacker Drive in Chicago. Although the venture, between...
August 25, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO$2.7 mln$13.2 mln $9.1 mln $21.9 mln FFO/shr (diluted)$0.08$0.32 $0.28 $0.59 Net Income (Loss) ($3.7 mln) $2.4 mln ($3.8 mln) $2.7 mln Net (Loss)/shr($0.12) $0.08 ($0.12) $0.08 Revenue$31.1 mln $34.4 mln...
August 25, 2000 NEW YORK – Fitch has upgraded all the classes of Commercial Mortgage Acceptance Corp.'s 1996-C1 that it rates. The following classes have been upgraded: the $9 million class B and interest-only class X2 certificates to...
August 25, 2000 LOS ANGELES – Lowe Enterprises Investment Management Inc. has acquired 3131 and 3133 East Camelback Road, a pair of office buildings totaling 295,000 square feet in Phoenix.The properties, which are 95 percent leased, were purchased...
August 24, 2000 NEW YORK – First Union Real Estate Investments (NYSE:FUR) has extended to 60 days, from 45 days, the period during which it cannot solicit offers for its real estate that would compete against one made...
August 24, 2000 CHICAGO – The John Buck Co. has been awarded the contract to lease 100 North Riverside Plaza in Chicago.The 758,000-square-foot building, which was formerly known as the Morton International Building, has some 231,000 sf of...
August 24, 2000 (NewsTraders.com) -- SL Green Realty Corp. (NYSE:SLG) debuted in brokerage coverage at Goldman Sachs, with analyst James Kammert handing the New York-based REIT a "market outperformer" rating and a $31 price target.Kammert, along with David...
August 24, 2000 Old convention center plans hit another snagCharlotte Observer, August 24CHARLOTTE, N.C. – Berwyn, Pa.-based LCOR Inc., which plans to redevelop the old convention center block with shops, residences and offices, has requested a 30 day...
August 24, 2000 HOUSTON – Credit Suisse First Boston is providing $75 million of financing for Two Rodeo Drive, a 130,000-square-foot retail center in Beverly Hills, Calif.The financing was provided through L.J. Melody & Co. to Falcon Real...
August 24, 2000 BINGHAM FARMS, Mich. – Malan Realty Investors Inc. (NYSE: MAL) will resume its common stock repurchase program.The company has received board approval to purchase up to 250,000 shares of common stock, which will be made...
August 24, 2000 (NewsTraders.com) – Investor Maurice Halperin has acquired an 8.5 percent equity stake in ailing real estate investment trust Prime Retail (NYSE:PRT), according to a Schedule 13D that was filed with the SEC.Halperin, a private investor...
August 24, 2000 ATLANTA – A joint venture between MetroNexus and Core Location has acquired a former Sears distribution center from Space Center Atlanta Inc. for an undisclosed price.The center, at 1033 Jefferson St., will be converted into...
August 24, 2000 PARSIPPANY, N.J. – Public companies continued to increase their ownership of commercial real estate last year, but at a slower pace than before, according to Prudential Real Estate Investors.However, public company ownership of apartment complexes...
August 24, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $3.0 mln$3.0 mln $5.9 mln $5.7 mln FFO/shr (diluted) $0.26$0.26 $ -- $ -- Net Income (loss) $2.3 mln $1.2 mln $3.3 mln $2.2 mln Net/shr$0.21 $0.12 $0.30 $0.21 Revenue$7.9...
August 24, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $14.6 mln$15.3 mln $29.2 mln $31.2 mln FFO/shr (diluted) $0.71$0.70 $1.42 $1.42 Net Income (loss) $6.6 mln $(1.3) mln $9.9 mln $5.6 mln Net/shr$0.39 $(0.07) $0.57 $0.30 Revenue$55.2 mln$55.6 mln$110.1...
August 24, 2000 WINDSOR, Conn. – Maynard Ahner, director of information systems at BNY Asset Solutions, has joined the real estate unit of SS&C Technologies Inc. (Nasdaq:SSNC) as product marketing manager for the firm's LMS 2000 loan management...
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