August 28, 2000 ILX Resorts Inc. (AMEX:ILX) has agreed to buy the leasehold interest in the Las Vegas International Golf Center, a 44-acre property near the Las Vegas strip.Under terms of the agreement, the developer has six months...
August 28, 2000German company seeks plant siteThe Business Journal of Charlotte, August 28 CHARLOTTE, N.C. – Alberdingk Boley GmbH, a German chemical company, is scouting the area for a site for $20 million plant that would employ 100...
August 28, 2000 Pacific Gulf Properties is seeking shareholder support for the $929 million sale of its industrial property portfolio to a joint venture between the California Public Employees Retirement System and RREEF Funds.The REIT filed a preliminary...
August 28, 2000 GREENSBORO, N.C. – Oakwood Homes Corp. (NYSE:OH) has struck a deal with its bank group extending the maturity of its credit lines.The firm, which produces and sell manufactured housing, was facing a November expiration of...
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 25, 2000 NEW YORK – Fitch has upgraded seven classes of Commercial Mortgage Acceptance Corp.'s 1996-C2.Earlier, the rating agency upgraded CMAC, 1996-C1.The upgrades affect the following classes: the $19.7 million class B and interest-only class X3 certificates...
August 25, 2000 Pope & Land hoping to sell six buildings, build a towerAtlanta Journal-Constitution, August 25ATLANTA – Pope & Land Enterprises plans to sell six office buildings at NorthWinds at Ga. 400 and Haynes Bridge Road, in...
August 25, 2000 In Ottawa, offices are hotOttawa Citizen, August 25OTTAWA – Developer Craig Callan-Jones has changed his plans to build 15 apartments on the third and fourth floors of 80 Aberdeen St. Instead, Jones will market the...
August 25, 2000NEW YORK – Insurance giant CNA has agreed to sell 180 Maiden Lane to Paramount Group, a German-owned real estate investment firm for $330 million, or $300/sf, according to the New York Daily News.Tenants at the...
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 24, 2000 MortgageRamp.com and PropertyFirst.com have struck a deal allowing PropertyFirst users to quickly line up financing."We're not simply linking our two Web sites or establishing a marketing alliance," said Michael Greco, chief executive of MortgageRamp.com. The...
August 24, 2000 Stanford Management Co. of Menlo Park, Calif., has acquired a 5.8 percent interest in Cabot Industrial Trust (NYSE:CTR) on behalf of the board of trustees of Leland Stanford Junior University. Leland Stanford owns 2.4 million...
August 24, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99Net Income (loss) $33.3 mln $32.7 mln $54.9 mln $53.1 mln Net/shr$0.96 $0.90 $1.58 $1.47 Revenue$125.4 mln $97.9 mln $220.7 mln $174.1 mln Shares Outstanding34.9 mln 36.4 mln 34.8 mln 36.2...
August 24, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $8.0 mln$7.7 mln $15.9 mln $14.7 mln FFO/shr (diluted) $0.31$0.29 $0.61 $0.56 Extra Gain (Loss) $(3.5) mln $(3.4) mln $(6.9) mln $(6.9) mln Net Income (loss) $(2.0) mln $(1.9) mln...
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