July 18, 2000 Retail space in SouthPark's shadowThe Charlotte Observer, July 18CHARLOTTE, N.C. – Crosland Retail is developing the 75,000-square-foot Park Selwyn Terrace at 5122 Park Road for the Coppala family. The new shopping center on the 4.5-acre...
July 18, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $61 mln$50.5 mln $119.6 mln $82.9 mln FFO/shr (diluted) $0.90 $0.77 $1.77 $1.26 Net Income $40.7 mln $53 mln $77.9 mln $57.9 mln Net/shr$0.60 $0.80 $1.15 $0.88 Revenue$140 mln $123.2...
July 18, 2000 MCLEAN, Va. – Freddie Mac (NYSE: FRE) today announced record diluted earnings per common share of $0.84 for second quarter 2000, a 14 percent increase over second quarter 1999 ($0.74).Net income for the second quarter...
July 18, 2000 Nationwide Life is providing Lexington Corporate Properties Trust (NYSE:LXP) with an $8.5 million mortgage for its research and development facility in Marlborough, Mass. The nonrecourse mortgage financing bears interest at a floating rate equal to...
July 18, 2000 NEW YORK – Standard & Poor's has lowered its corporate credit rating on Federal Realty Investment Trust (NYSE: FRT) to triple-B from triple-B-plus and also lowered its rating on the company's preferred stock to triple-B-minus...
July 18, 2000 NORTH MIAMI BEACH, Fla. – Equity One, Inc. (NYSE: EQY) has reached a preliminary agreement with Alony Hetz Properties & Investments Ltd. in which Alony Hetz will invest up to $32 million in Equity One...
July 18, 2000 Scott Toberman's plans to build the world's tallest office building appear to be collapsing.Banque Worms Capital Corp., which holds the deed on 7 S. Dearborn, has retained Julien J. Studley Inc. to market the 41,500-square-foot...
July 18, 2000 Demand for office space surgesThe Vancouver Sun, July 18VANCOUVER (British Columbia) – According to Colliers International mid-year survey, the vacancy rate for office space in Great Vancouver has dropped to 5.7 percent, due to a...
July 17, 2000 (NewsTraders.com) -- Host Marriott Corp. (NYSE:HMT), a Bethesda, Md.-based real estate investment trust, was upgraded to "attractive" from "neutral" by PaineWebber analyst Keith Mills, who believes Host Marriott is "gradually rebuilding credibility that it lost...
July 17, 2000 BellSouth makes call on Clay service centerThe Business Journal of Jacksonville, July 17 JACKSONVILLE, Fla. – BellSouth plans to build its new customer service center at Fleming Island Plantation in Clay County, adding more than...
July 17, 2000 NEW YORK – Standard & Poor's today revised its outlook on AMB Property Corp. and AMB Property LP to positive from stable. In addition, it affirmed ratings on the company's corporate credit, senior unsecured debt,...
July 17, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorArrow Development Inc. of Irvine, Calif., has hooked up with fiber-optic cable installer HCI Inc.to buy 49 acres in Norco, within Southern California's booming Inland Empire.Arrow will...
July 17, 2000 PNC Real Estate Finance has underwritten, and is lead lender on $93 million of construction financing for Westfield Shoppingtown Independence Mall, a regional shopping center in Wilmington, N.C.Westfield America Inc. (NYSE:WEA), the majority owner of...
July 17, 2000NEW YORK – Philips International Realty Corp. (NYSE:PHR) has completed the sale of seven New York area shopping centers to the Kimco Income REIT for a total purchase price of $67.3 million.The REIT, which last April...
July 17, 2000CHICAGO – Equity Residential Properties Trust (NYSE:EQR) has agreed to buy Grove Property Trust (Amex:GVE) in a deal valued at $461 million.The acquisition will balloon Equity Residential's presence in New England, where it currently owns 19...
July 17, 2000 Spieker Properties Inc. has hired Secured Capital Corp to market a portfolio of West coast industrial properties. According to the Business Journal of Portland, (Ore.), the portfolio could fetch up to $450 million and includes...
July 17, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorBrian T. Campbell, who once headed Cushman Realty Corp.'s international operations, has joined Colliers Seeley as senior vice president.Campbell will help expand Colliers Seeley's downtown Los Angeles...
July 17, 2000 Lodgian Inc. (NYSE:LOD) said it had offered Casuarina Cayman Holdings Ltd., a firm led by William J. Yung, the chance to make an offer on 10 hotels that it has agreed to sell.The Atlanta hotel...
July 14, 2000 AMB Property Corp. has decided to cancel a registration for the proposed sale of up to $86.3 million of preferred stock.In a Request for Withdrawal filed today with the SEC, the REIT said it is...
July 14, 2000 Alexandria Real Estate Equities Inc. (NYSE:ARE) recently paid $18 million for an office and laboratory complex in Gaithersburg, Md.The $110/sf purchase from Maryland-based Richtree Corp. included the assumption of debt. The acquisitino was detailed in...
July 14, 2000 (NewsTraders.com) – Chap-Cap Partners, led by Robert Chapman, today requested that American Community Properties Trust . (AMEX:APO) grant Chap-Cap two seats on the REIT's board of trustees. The group sounded off to the company's management,...
July 14, 2000NORTH MIAMI BEACH, Fla. – MyShoppingCenter.com has agreed to build Web sites for Equity One Inc. (NYSE:EQY) that would give tenants at the shopping center REIT's properties the ability to market their goods online.Currently, tenants at...
July 14, 2000Contact lens maker to break ground for building in Jacksonville, Fla.The Jacksonville Times-Union, July 14 JACKSONVILLE, Fla. – Vistakon Inc., the Jacksonville-based contact-lens division of Johnson & Johnson Vision Care, plans to break ground in January...
July 14, 2000 GMAC Commercial Mortgage has provided $30.8 million of FHA-insured financing to a partnership for its construction of a 363-unit apartment complex in suburban Chicago.The complex, Northgage Apartments, will be constructed on a 16-acre parcel in...
July 14, 2000 CLEVELAND – Developers Diversified Realty (NYSE:DDR) has acquired the remaining interest in a portfolio of shopping centers that it has owned since July 1998.The Cleveland REIT two years ago bought nine shopping centers, nine development...
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