August 23, 2000 Arden Realty Inc. (NYSE:ARI) has registered to sell up to 2.3 million shares.At a proposed maximum offering price of $25.62 per share, the registration represents a possible gain of up to $58.9 million, according to...
August 23, 2000 ATLANTA – Cousins Properties Inc. (NYSE: CUZ) has received board approval for a 3-for-2 stock split.The split will be in the form of 50 percent stock dividend that will be distributed on or about October...
August 23, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorA group led by Divco West Properties LLC has acquired another big business property in the scalding Silicon Valley marketplace: the 1 million-square-foot Shoreline Business Park in...
August 23, 2000 OAKLAND, Calif. – Summit Bank, a small community bank in Oakland, Calif., has hired George J. Guarini to head its newly formed real estate capital markets group. The unit is designed to allow Summit to...
August 23, 2000 NEW YORK – FleetBoston Financial's real estate finance group has provided $55 million of acquisition financing to Charles E. Smith Commercial Realty LP for its purchase of three office buildings in the Commerce Executive Park...
August 23, 2000 Go To S&P's Presale Report.Banc of America Large Loan Inc., 2000-WSF-1ClassAmount($mln)Sub. Level(%)RatingS&PAvg.LifePriceTalk(BP)BnchMarkA10035AA4.5+45 area1 mo. LiborB28.645A4.7+75 area1 mo. LiborC35.757.5BBB4.7+160 area1 mo. LiborD12.762BBB-4.7+195 area1 mo. Libor
August 22, 2000 (NewsTraders.com) – AEW Partners LP and associated entities disclosed that they have reduced their stake in Bedford Property Investors Inc. (NYSE:BED) to 7.6 percent from 10.1 percent, according to an updated Schedule 13D released today...
August 22, 2000 PNC Real Estate Finance has provided two construction loans totaling $26.3 million for the Retreat, a 276-unit apartment and condominium project in Carmel, Ind., that GPI at Carmel LP is building.PNC closed the first phase...
August 22, 2000 Bentley Forbes Group LLC has paid $13 million, or about $140/sf, for a waterfront shopping center in Edgewater, N.J.The Los Angeles company leased the 92,750-square-foot property, Mitsuwa Plaza, under a 15-year triple-net bond lease to...
August 22, 2000 American Mortgage Acceptance Co. (AMEX:AMC) has provided $6 million of mezzanine financing for a 700-unit affordable housing complex in San Jose, Calif.The 24-month loan bears interest at 11 percent and is secured by the El...
August 22, 2000 CHICAGO – Equity Office Properties Trust (NYSE:EOP) has sold Agoura Hills Business Park in Agoura Hills, Calif., and Westlake Spectrum Center I and II in Westlake Village, Calif., for a total of $35.5 million.The properties...
August 22, 2000 (NewsTraders.com) – In a mounting legal battle, an investment group led by William Yung said today that a complaint filed by hotel operator Lodgian (NYSE:LOD) accusing the group of violating securities laws is "wholly without...
August 22, 2000 NEW YORK – Investcorp has paid more than $10 million for Villages at Clear Springs, a 160-unit apartment complex in Dallas. The property, which is 96 percent occupied, was built just last year.
August 22, 2000 Michael I. Lipson, a GMAC Commercial Mortgage senior vice president, has been named head of the firm's massive servicing operation. Lipson most recently was regional manager responsible for production of income property loans in the...
August 22, 2000 Norcross telecom facility plannedAtlanta Journal-Constitution, August 22NORCROSS, Ga. – TelePlace Inc. has acquired the 221,000-square-foot Casual Corner warehouse and office complex near Peachtree Industrial Boulevard and Holcomb Bridge Road for an undisclosed price. The company...
August 21, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $17.8 mln$16.3 mln $33.2 mln $30.8 mln FFO/shr (diluted) $0.72$0.66 $1.35 $1.25 Net Income (loss) $16.1 mln $9.1 mln $42.0 mln $16.4 mln Net/shr$0.76 $0.43 $1.99 $0.75 Revenue$34.1 mln $32.9...
August 21, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99Net Income $39 mln $13.1 mln $61.2 mln $31 mln Net/shr$6.04$2.02$9.48$4.80Revenue$21.1 mln $27.9 mln$44 mln $55.7 mln Shares Outstanding6.3 mln 6.3 mln6.3 mln 6.3 mln
August 21, 2000 NEW YORK – Julien J. Studley Inc. has opened offices in Dallas and Fort Lauderdale, Fla., and is planning in the near future to open an office in Denver. The New York-based firm now has...
August 21, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorIRVINE, Calif. - Electronic data-protection specialist ATL Products Inc. will expand into another 180,692 square feet of flex-tech space in University Research Park.ATL, a subsidiary of Quantum...
August 21, 2000 (NewsTraders.com) -- Word of Highwoods Properties' (NYSE:HIW) creation of two "financially attractive" joint ventures with an institutional partner attracted the interest of Goldman Sachs analyst James Kammert, who lifted his opinion on the real estate...
August 21, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorTaking advantage of the Puget Sound region's ultra-tight office market, Opus Northwest LLC is launching construction of a 160,975-square-foot office development along the I-90 Corridor in suburban...
August 21, 2000 SACRAMENTO, Calif. – The California Public Employees' Retirement System earned an 8.6 percent return from its real estate portfolio for the year ended June 30.In its annual report, the pension fund reported that its asset...
August 21, 2000 (NewsTraders.com) – In a development that is sure to send investors scurrying, LTC Properties (NYSE:LTC) sank to the bottom-rung grade of "source of funds" from "hold" in Sutro & Co.'s ratings formula today, as analyst...
August 21, 2000LAFAYETTE, Calif. – Bedford Property Investors Inc. (NYSE:BED) has sold a 42,141-square-foot office building in Mountain View, Calif., for $16.8 million, or nearly $400/sf.The sale results in a gain of $11.8 million or 63 cents/share for...
August 21, 2000 Industry news: ViaSat shopping for new facility in metro areaAtlanta Journal-Constitution, August 21 ATLANTA – ViaSat, the Carlsbad, Calif., digital communications company, is searching for a corporate campus for its Norcross-based division, and it will...
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