May 23, 2000 Charlotte to see new 234-unit residential complexThe Charlotte Observer, May 23CHARLOTTE, N.C. – Spectrum Properties and RJV Investments will develop 234 condominiums and apartments, a grocery store and a clubhouse in an upscale mid-rise complex...
May 22, 2000 TrizecHahn subsidiary taps CSFB, Deutsche Bank for $500 Mln revolving credit lineReal Estate Finance & Investment, May 22TrizecHahn Office Properties has obtained a $500 million credit line from Credit Suisse First Boston and Deutsche Banc...
May 22, 2000 1st-Qtr 001st-Qtr 99FFO $23.6 mln$21.3 mln FFO/shr (diluted) $0.61 $0.55 Extra Gain (Loss) $(1.5 mln) $(2.8 mln) Net Income $5.2 mln $4.8 mln Net/shr$0.22 $0.21 Revenue$46.7 mln $45.6 mln Shares outst.23.2 mln 23.2 mln
May 22, 2000 1st-Qtr 001st-Qtr 99FFO $1.4 mln$1.3 mln FFO/shr (diluted) $0.19 $0.18 Net Income (loss) $(0.01 mln) $(0.09 mln) Net/shr$0.00 $0.00 Shares outst.7.4 mln 7.5 mln
May 22, 2000 1st-Qtr 001st-Qtr 99FFO $10.6 mln$12.2 mln FFO/shr (diluted) $0.28 $0.32 Net Income (loss) $(6.2 mln) $(3.8 mln) Net/shr$(0.17) $(0.10) Revenue$20 mln $18.7 mln Shares outst.38 mln 38.6 mln
May 22, 2000 NEW YORK – The owner of Rockefeller Center has announced that it plans to seek bids for the sale of Rockefeller Center, a 12-building office complex in the heart of Midtown Manhattan.The owner, Rockefeller Center...
May 22, 2000 BETHESDA, Md. – Redbricks.com has named Mark Erard, the former chief scientist of TRW Inc., as its chief technology officer.In his new role, Erard will focus on improving the technical aspects of Redbricks.com, an online...
May 22, 2000 CHICAGO – AMLI Residential (NYSE:AMLI) has broken ground on a 300-unit apartment complex in the Kingwood development of Houston. The REIT expects to spend $19.4 million on the complex, AMLI at Kings Harbor, which will...
May 22, 2000 (NewsTraders.com) -- Real estate investment trust Developers Diversified Realty (NYSE:DDR) was assigned a "buy" rating today in initial coverage launched by McDonald Investments analyst Richard Moore.The analyst has a 12-month price goal of $18 for...
May 22, 2000 Johns Creek opts for private sewage treatment plantAtlanta Business Chronicle, May 22 ATLANTA, Ga. – Technology Park/Atlanta Inc. has begun construction on an on-site wastewater treatment facility at its Johns Creek technology office park. The...
May 22, 2000 (NewsTraders.com) – William Barron Hilton, chairman of the board for Hilton Hotels Corp. (NYSE:HLT), acquired 300,000 common shares of the hospitality concern in mid May, according to a Form 4 released Friday. Hilton bought the...
May 22, 2000 SACRAMENTO, Calif. – The California Public Employees' Retirement System is planning to invest up to $500 million in real estate-related technology companies.The pension fund plans to find an investment partner that would be responsible for...
May 19, 2000 NEW YORK – PricewaterhouseCoopers has formed a strategic alliance with Service Resources Inc., an Integrated Facility Management company, to expand its real estate process outsourcing services.The partnership will allow the companies to combine strengths in...
May 19, 2000 PALO ALTO, Calif. – Essex Property Trust Inc. (NYSE:ESS) has acquired a 105-unit apartment community in Oxnard, Calif., and closed on a $14.6 million participating acquisition loan for a 526-unit complex in Fremont, Calif.Essex paid...
May 19, 2000 MANHATTAN BEACH, Calif. – Center Trust Inc. (NYSE: CTA) has named Edward A. Stokx as senior vice president of finance and Stuart J.S. Gulland as chief operating officer.Stokx has served as controller of the company...
May 19, 2000 TrizecHahn selling 1 Mln square feet of office spaceThe Atlanta Journal-Constitution, May 19ATLANTA – TrizecHahn Office Properties began marketing more than 1 million sf of properties in the area. The biggest property being sold is...
May 19, 2000 Dylex unloads Tip Top chain in deal with GraftonThe Globe and Mail, May 19TORONTO – Dylex Ltd will sell its 102-store Tip Top Tailors retail chain to competitor Grafton-Fraser Inc. for $32.2 million Canada dollars...
May 19, 2000 Equity Office Properties Trust (NYSE: EOP) has filed a Form 424B3 prospectus with the SEC outlining its proposed $4.6 billion acquisition of Cornerstone Properties Inc. (NYSE: CPP).Shareholder meetings will be held June 19 for both...
May 19, 2000 1st-Qtr 001st-Qtr 99FFO (loss) $(1.6 mln)$0.2 mln FFO/shr (diluted) $(0.04) $0.01 Extra Gain (Loss) $(3.1 mln) $ -- Net Income (loss) $(7.7 mln) $(5.6 mln) Net/shr (loss)$(0.18) $(0.18) Revenue$18.4 mln $34.7 mln Shares Outstanding42.5 mln...
May 19, 2000 1st-Qtr 001st-Qtr 99Extra Gain (Loss) $1 mln $1.9 mln Net Income $14.7 mln $16.2 mln Net/shr$0.23 $0.26 Revenue$75.4 mln $69.5 mln Shares outst.57.1 mln 54.9 mln
May 19, 2000 DENVER – EquityCity, a Web site that helps match property owners and developers with equity sources, has named four members to its advisory board.The four are: Stephen M. Ross, chairman and chief executive of The...
May 19, 2000 WESTPORT, Conn. –Devnet LLC, a provider of carrier-neutral telecommunications access infrastructures to commercial office properties, and The Johnston Group, a real estate services firm based in California, have established a joint venture with plans to...
May 19, 2000 MIAMI – An affiliate of Terremark Worldwide Inc. (AMEX:TWW ) has acquired a former Aetna office building complex in Hartford, Conn., for $4.6 million and will convert the site into a telecom hotel.Telecom Routing Exchange...
May 19, 2000 Go To Moody's Presale Report.Go To Related Story in the Commercial Real Estate Direct Archive.Merrill Lynch Canada MLMLI 2000-Canada 3ClassAmount($mln)Sub. Level(%)RatingMoody'sAvg.LifeSpread(BP)BnchMarkA-179.818Aaa5+73Treas.*A-2131.418Aaa9.6+95Treas.B7.715Aa29.8+110Treas.* Canadian Treasury.
May 18, 2000 LOUISVILLE, Ky. – Real estate investment trust Ventas Inc. (NYSE: VTR) said today that it has filed its proof of claim of approximately $4 billion in the Vencor Inc. (OTC: VCRI) Chapter 11 bankruptcy proceeding....
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