August 18, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $0.4 mln$0.3 mln $0.8 mln $0.6 mln FFO/shr (diluted) $0.18 $0.17 $0.36 $0.36 Net Income $0.1 mln $0.03 mln $0.2 mln $0.1 mln Net/shr$0.05$0.02$0.10$0.06Revenue$1.7 mln $1.3 mln$3.4 mln $2.6 mln...
August 18, 2000 CHICAGO – AMLI Residential Properties Trust (NYSE:AMLI) has purchased the Jefferson Scofield Ridge and Jefferson Scofield Farms in Austin, Texas, for more than $35 million. The seller was from Jefferson Properties.The 487-unit apartment complex, renamed...
August 18, 2000 WASHINGTON – CarrAmerica Realty Corp. (NYSE: CRE) has closed on an approximately $422 million development joint venture with New York State Teachers' Retirement System.The venture includes the purchase of five suburban office parks, totaling more...
August 18, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $18 mln$31.1 mln $35.6 mln $62.4 mln FFO/shr (diluted) $0.26$0.46 $0.52 $0.92 Net Income $7.5 mln $20.2 mln $10.2 mln $40.5 mln Net/shr$0.11$0.30$0.15$0.60Revenue$60 mln $57.9 mln$119.1 mln $114.5 mln Extra...
August 18, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $2.4 mln$3.0 mln $3.9 mln $4.9 mln FFO/shr (diluted) $0.31 $0.36 $0.51 $0.59 Net Income (loss) $(2.9) mln $ 2.8 mln $(5.7) mln $1.7 mln Net/shr$(0.39) $0.33 $(0.73) $0.20 Revenue$22.8...
August 18, 2000 Equitable Building likely to be sold on third attemptAtlanta Journal-Constitution, August 18ATLANTA – Dallas-based Lincoln Property Co. and ING Real Estate have contracted to buy the Equitable Building from Jones Lang LaSalle. The sale could...
August 18, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO$63.1 mln$48.3 mln $126.1 mln $106.7 mln FFO/shr (diluted) $0.82 $0.61 $1.64 $1.34 Net Income $33.8mln $29.1 mln $65.2 mln $57 mln Net/shr$0.44$0.36$0.83$0.70Revenue$255.4 mln $243.8 mln$514.2 mln $507 mln Shares Outstanding72.3...
August 18, 2000CHICAGO – Southern Pacific Thrift and Loan Association's commercial mortgage pass-through certificates, series 1996-C1 are upgraded as follows: $19.4 million class B to 'AAA' from 'AA+' and $18 million class C to 'AA+' from 'AA'.In addition,...
August 18, 2000 WASHINGTON – Quadrangle Development Corp. and Potomac Investment Properties this week began construction of a 12-story, 170,000-square-foot office building at 1875 K St., in the heart of Washington's central business district.The new building will be...
August 18, 2000 MINOT, N.D. – Investors Real Estate Trust (Nasdaq:IRETS) has declared a regular quarterly dividend of 13.5 cents per share, payable Oct. 1 to shareholders of record at the close of business on Sept. 15, with...
August 18, 2000 NEW YORK – Fitch has downgraded its ratings for the senior and subordinated debt of HRPT Properties Trust (NYSE:HRP).The rating agency lowered HRPT's $738 million senior unsecured notes due 2002-2013 to triple-B from triple-B-plus. Fitch...
August 18, 2000 NEW YORK – Cendant Corp. (NYSE: CD) and Amerihost Properties Inc. (Nasdaq:HOST) have signed a definitive agreement for Cendant's acquisition of the AmeriHost Inn and AmeriHost Inn and Suites brand names and franchising rights. Terms...
August 18, 2000 NEW YORK – Standard & Poor's has raised its ranking on CapMark Services L.P. as a commercial loan master servicer and affirmed its commercial loan servicer ranking."The rankings are based on CapMark Services' excellent procedures,...
August 18, 2000 SAN FRANCISCO – AMB Property Corp.'s (NYSE:AMB) operating partnership has priced $30 million of senior subordinated unsecured notes.The notes bear a fixed interest rate of 7.925 percent and are not redeemable before the Aug. 20,...
August 18, 2000 REITs continue to rebound midway through the third quarter of 2000, while the Standard & Poor's 500 index is still struggling to find positive territory, according to investment advisers Lend Lease Rosen Real Estate Securities...
August 17, 2000 Ormewood Park offices plannedAtlanta Journal-Constitution, August 17ATLANTA – Novare Group is planning to build two six-story office buildings totaling 300,000 square feet at I-20 and the Glenwood-Memorial Connector, in Ormewood Park. Glenwood is a $135...
August 17, 2000 A unit of Morgan Stanley Dean Witter has purchased the Hanuri Building, a 15-story office building in downtown Seoul, Korea, from the Seoul Urban Development Corp.The sales price was not disclosed. Seoul Urban Development just...
August 17, 2000 HUNTINGDON VALLEY, Pa. – A unit of Toll Brothers Inc. (NYSE:TOL) has received $37.5 million of financing from Freddie Mac.The 10-year, fixed-rate debt is backed by the first phase of Dulles Greene, a 390-unit rental...
August 17, 2000 NEW YORK – Jones Lang LaSalle (NYSE:JLL) has given Winstar Communications (NASDAQ: WCCI) access to its 650 commercial properties, totaling 400 million square feet. The agreement means that tenants at Jones Lang buildings will be...
August 17, 2000 DALLAS – Olympus Hospitality Group and Marriott International Inc. (NYSE:MAR) have entered into a franchise license agreement.Under the terms of the agreement, 20 of Olympus Hospitality Group's Chalet Susse hotels will be converted to the...
August 17, 2000 JACKSONVILLE, Fla. – Kroger Equity Inc. (NYSE: KE) has sold The El Paso Koger Center in El Paso, Texas, for $20.5 million to the Harbor Group International LLC.The 33-year-old office complex has 386,000-square-feet in 17...
August 17, 2000 American International Group has provided $120 million of fixed-rate financing for 100 Park Avenue in Midtown Manhattan.Earlier this year, SL Green Realty Corp. acquired a 49.9 percent interest in the 834,000-square-foot office building from a...
August 17, 2000 BETHESDA, Md. – LaSalle Hotel Properties (NYSE:LHO) has closed today on the sale of the 260-unit Park Plaza Holiday Inn in Visalia, Calif., to the Uniwell Corp.Though terms of the sale were not disclosed, LaSalle...
August 17, 2000 DALLAS – Capital Senior Living Corp. (NYSE:CSU) has completed its acquisition of ILM Senior Living Inc. The company paid about $97.6 million. GMAC Commercial Mortgage provided acquisition financing for the merger. Capital Senior acquired seven...
August 17, 2000 ARLINGTON, Va. – Freddie Mac is providing Charles E. Smith Residential Realty Inc. (NYSE:SRW) $61 million of fixed-rate financing.The 15-year loan will bear interest at a rate of 7.61 percent. Payments will be interest only...
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