July 26, 2000 NEW YORK – W. P. Carey & Co. LLC (NYSE: WPC) has acquired five facilities operated by Galyan's Trading Co. Inc. on behalf of Corporate Property Associates 14 and Corporate Property Associates 12, two W.P....
July 26, 2000 GERMANTOWN, Tenn. – Hotel real estate investment trust Equity Inns Inc. (NYSE: ENN) has signed a binding memorandum of understanding to acquire all 75 of the company's leases from Interstate Hotels Corp. on Jan. 1,...
July 26, 2000 HORSHAM, Pa. – GMAC Commercial Mortgage has provided $23 million of fixed-rate, permanent financing for a 171,632-square-foot Wells Fargo office building in San Francisco.The seven-story building is located at 633 Folsom St. Mitchell Thurston of...
July 26, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $13.2 mln$10.3 mln $26.1 mln $19.8 mln FFO/shr (diluted) $0.45 $0.36 $0.89 $0.70 Net Income $6.3 mln $5 mln $12.7 mln$9.4 mln Net/shr$0.30 $0.23 $0.61 $0.43 Revenue$25.3 mln $15.9 mln...
July 26, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $25.5 mln$24.2 mln $50.6 mln$47.9 mln FFO/shr (diluted) $0.64 $0.60 $1.26 $1.18 Net Income $16.1 mln$4.8 mln $28.2 mln $16.4 mln Net/shr$0.41 $0.12 $0.72 $0.41 Revenue$68.8 mln $64.2 mln $137.9...
July 26, 2000 (NewsTraders.com) – BB&T Capital Markets reinitiated coverage of Capital Automotive REIT (Nasdaq:CARS) with a "long-term buy" recommendation and a $17 price target.Harry Leathers, an analyst, called it an "attractive" investment for diversified accounts seeking current...
July 26, 2000 (NewsTraders.com) – Federal Realty Investment Trust (NYSE:FRT) posted funds from operations, or FFO, for the three months ended June 30 of $25.5 million, an increase of 5.5 percent from the $24.2 million reported in the...
July 25, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $58.5 mln $51.6 mln $114.9 mln$102.1 mln FFO/shr (diluted) $0.79 $0.71 $1.56 $1.40 Extra Gain (Loss) $(.23) $ -- $(2.1 mln) $ -- Net Income $40.3 mln $43.2 mln $77.2...
July 25, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $15.6 mln$13.4 mln $30.4 mln$26.3 mln FFO/shr (diluted) $0.44 $0.38 $0.85 $0.74 Net Income $10 mln $8.8 mln $20.8 mln $25.1 mln Net/shr$0.28 $0.25 $0.58 $0.70 Revenue$23.7 mln $20.3 mln...
July 25, 2000BALTIMORE – Glenn D. Reschke, the president and acting chief executive officer of Prime Retail Inc. (NYSE:PRT), has been promoted to chairman and CEO. Reschke also keeps his position as president.As chief executive, Reschke will immediately...
July 25, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $105.3 mln$78.1 mln $203.4 mln $144.3 mln FFO/shr (diluted) $1.18 $1.01 $2.30 $1.97 Net Income $(2.8 mln) $9.1 mln$8.6 mln $9.5 mln Net/shr$(0.04) $0.14$0.13 $0.16 Shares Outstanding66.3 mln 62.3 mln...
July 25, 2000 Liberty International PLC's shareholders have given management the green light to buy the 29.8 percent stake in the company that Standard Life Investment Corp. of South Africa owns.The approval goes a long way in thwarting...
July 25, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $2.4 mln$2.7 mln $5.2 mln $5.5 mln FFO/shr (diluted) $0.33 $0.35 $0.70 $0.73 Net Income $0.4 mln $0.7 mln $1.1 mln $1.5 mln Net/shr$0.07 $0.10 $0.19 $0.24 Revenue$8.5 mln $8.5...
July 25, 2000 Japan's Chuo Mitsui Asset Management Co. is getting ready to launch a trust that would invest in securitized real estate, according to Nomura Real Estate Development Co. of Tokyo. The fund is said to be...
July 25, 2000 TORONTO – Brookfield Properties Corp. (NYSE:BPO) is offering to acquire all of the shares that it does not currently own of both Carma Corp. (TSE:CVPa.TO) and Gentra Inc. (TSE:GTA.TO), its two public subsidiaries. The two...
July 25, 2000 ATLANTA – Elizabeth L. Nichols has resigned as a director of JDN Realty Corp. (NYSE:JDN), effective August 20 and as president of the company effective Sept. 1."I am aware that there are those in the...
July 25, 2000Time Warner Cable will build high-tech call centerThe Charlotte Observer, July 25CHARLOTTE, N.C. – Crosland Commercial will develop an $8 million, 80,000-square-foot customer call center for Time Warner Cable at Whitehall Executive Center. The company will...
July 25, 2000 KENILWORTH, N.J. – Following completion of its tender offer, Flexi-Van Leasing Inc. now owns about 92 percent or 15.7 million shares of Castle & Cooke Inc.Flexi-Van, which is controlled by Castle & Cooke chairman David...
July 25, 2000 The State Teachers Retirement System of Ohio has agreed to contribute $75 million in equity to a new Prologis (NYSE:PLD) acquisition fund. The ProLogis North American Properties Fund I expects to have the capacity to...
July 25, 2000 ALHAMBRA, Calif. – PropertyFirst.com Inc. has promoted Jon Torgeson to senior vice president of national sales from vice president of strategic accounts at the company.In his new position, Torgeson will oversee a 21-person sales team...
July 25, 2000 COLUMBIA, Md. – Litton TASC has agreed to lease 60,000 square feet at 201 National Business Park, an office building in Annapolis Junction, Md., that will be constructed by Corporate Office Properties Trust (NYSE:
July 25, 2000 TORONTO – RioCan Real Estate Investment Trust (TSE:REI_u.TO) and First Gulf Development Corp. have completed $48 million of first mortgage financing for Kennedy Commons in Scarborough, Ontario.Kennedy Commons is a 440,000-square-foot retail development at Kennedy...
July 25, 2000 LOS ANGELES – Kilroy Realty Corp. (NYSE:KRC) has sold five Silicon Valley industrial buildings to a private investment group for about $62 million.The properties are located in San Jose and total 430,000 square feet of...
July 25, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $11.7 mln$10.0 mln $22.4 mln $20.3 mln FFO/shr (diluted) $0.44 $0.40 $0.87 $0.81 Net Income $7.3 mln $4.9 mln $11.8 mln $9.2 mln Net/shr$0.36 $0.24 $0.59 $0.47 Revenue$20.0 mln $18.9...
July 24, 2000 MANHATTAN BEACH, Calif. – Shopping mall developer Center Trust Inc. (NYSE:CTA) has agreed to sell six properties to Kimco Realty Corp. (NYSE:KIM) for $160.6 million, including $68.3 million in debt.The sale of the properties, located...
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