RECENT NEWS
Investcorp Buys Dallas Apartments for $10 Mln
August 22, 2000 NEW YORK – Investcorp has paid more than $10 million for Villages at Clear Springs, a 160-unit apartment complex in Dallas. The property, which is 96 percent occupied, was built just last year.
GMAC Names Michael Lipson Head of Servicing
August 22, 2000 Michael I. Lipson, a GMAC Commercial Mortgage senior vice president, has been named head of the firm's massive servicing operation. Lipson most recently was regional manager responsible for production of income property loans in the...
Southeast Regional Digest (8/22/00): Carrier hotel planned for Atlanta suburb
August 22, 2000 Norcross telecom facility plannedAtlanta Journal-Constitution, August 22NORCROSS, Ga. – TelePlace Inc. has acquired the 221,000-square-foot Casual Corner warehouse and office complex near Peachtree Industrial Boulevard and Holcomb Bridge Road for an undisclosed price. The company...
AEW Partners Lowers Bedford Property Stake to 7.6% from 10.1%
August 22, 2000 (NewsTraders.com) – AEW Partners LP and associated entities disclosed that they have reduced their stake in Bedford Property Investors Inc. (NYSE:BED) to 7.6 percent from 10.1 percent, according to an updated Schedule 13D released today...
PNC Arranges $26.3 Mln in Construction Financing for Indiana Apartments
August 22, 2000 PNC Real Estate Finance has provided two construction loans totaling $26.3 million for the Retreat, a 276-unit apartment and condominium project in Carmel, Ind., that GPI at Carmel LP is building.PNC closed the first phase...
National Realty LP 2nd-Qtr Earnings
August 21, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99Net Income $39 mln $13.1 mln $61.2 mln $31 mln Net/shr$6.04$2.02$9.48$4.80Revenue$21.1 mln $27.9 mln$44 mln $55.7 mln Shares Outstanding6.3 mln 6.3 mln6.3 mln 6.3 mln
Julien Studley Opens Shop in Dallas, South Florida
August 21, 2000 NEW YORK – Julien J. Studley Inc. has opened offices in Dallas and Fort Lauderdale, Fla., and is planning in the near future to open an office in Denver. The New York-based firm now has...
ATL Products Moves Into Larger Quarters in Irvine, Calif.
August 21, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorIRVINE, Calif. - Electronic data-protection specialist ATL Products Inc. will expand into another 180,692 square feet of flex-tech space in University Research Park.ATL, a subsidiary of Quantum...
Opus Breaks Ground on Puget Sound Office Complex
August 21, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorTaking advantage of the Puget Sound region's ultra-tight office market, Opus Northwest LLC is launching construction of a 160,975-square-foot office development along the I-90 Corridor in suburban...
Goldman Sachs Upgrades Highwoods Properties To Outperformer
August 21, 2000 (NewsTraders.com) -- Word of Highwoods Properties' (NYSE:HIW) creation of two "financially attractive" joint ventures with an institutional partner attracted the interest of Goldman Sachs analyst James Kammert, who lifted his opinion on the real estate...
Southeast Regional Digest (08/21/00): California Co. looking for corporate campus in Atlanta metro
August 21, 2000 Industry news: ViaSat shopping for new facility in metro areaAtlanta Journal-Constitution, August 21 ATLANTA – ViaSat, the Carlsbad, Calif., digital communications company, is searching for a corporate campus for its Norcross-based division, and it will...
CalPERS Posts 8.6 Percent Return from Realty, Ups Allocation
August 21, 2000 SACRAMENTO, Calif. – The California Public Employees' Retirement System earned an 8.6 percent return from its real estate portfolio for the year ended June 30.In its annual report, the pension fund reported that its asset...
Sutro Lowers LTC Properties to ‘Source Of Funds’ From ‘Hold’
August 21, 2000 (NewsTraders.com) – In a development that is sure to send investors scurrying, LTC Properties (NYSE:LTC) sank to the bottom-rung grade of "source of funds" from "hold" in Sutro & Co.'s ratings formula today, as analyst...
Bedford Property Sells Offices for $400/sf
August 21, 2000LAFAYETTE, Calif. – Bedford Property Investors Inc. (NYSE:BED) has sold a 42,141-square-foot office building in Mountain View, Calif., for $16.8 million, or nearly $400/sf.The sale results in a gain of $11.8 million or 63 cents/share for...
IRT Property 2nd-Qtr FFO $0.31/shr vs $0.29/shr
August 21, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $10.6 mln$10.5 mln $21.6 mln $21.3 mln FFO/shr (diluted) $0.31 $0.29 $0.62 $0.59 Net Income (loss) $6.2 mln $8.7 mln $15.6 mln $15.2 mln Net/shr$0.20$0.26$0.48$0.46Revenue$21.4 mln $21.5 mln$42.8 mln $42.5...
American Industrial 2nd-Qtr FFO $0.38/shr vs $0.35/shr
August 21, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $8.0 mln$7.2 mln $15.7 mln $13.9 mln FFO/shr (diluted) $0.38$0.35 $0.75 $0.68 Net Income (loss) $4.3 mln $4.2 mln $11.4 mln $7.4 mln Net/shr$0.21$0.20 $0.54 $0.37 Revenue$22.2 mln $21.4 mln...
Jones Lang Opens Korea Office
August 21, 2000 SEOUL – Jones Lang LaSalle (NYSE:JLL) has opened an office in Seoul and has appointed Kim Young-ghon as managing director. Kim was previously with Samsung Everland, a Korean conglomerate, where he was head of the...
First Industrial 2nd-Qtr FFO $0.90/shr vs $0.81/shr
August 21, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $41.5 mln$36.7 mln $ -- $ -- FFO/shr (diluted) $0.90 $0.81 $ -- $ -- Net Income (loss) $22.4 mln $22.1 mln $42.5 mln $39.5 mln Net/shr$0.58 $0.58 $1.10 $1.04...
Pan Pacific 2nd-Qtr FFO $0.61/shr vs $0.57/shr
August 21, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $13.6 mln$12.6 mln$26.9 mln $24.8 mln FFO/shr (diluted) $0.61 $0.57 $1.21 $1.13 Net Income $8.4 mln $8.1 mln $16.7 mln $15.9 mln Net/shr$0.40 $0.38 $ -- $ -- Revenue$27.4 mln$24.3...
Income Opportunity Realty Investors 2nd-Qtr Earnings
August 21, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO (Loss)($1.1 mln)($0.7 mln) $0.9 mln $1.3 mln Net Income $14.4 mln $0.03 mln $15 mln $0.03 mln Net/shr$9.43$0.16$9.82$0.02Revenue$3.6 mln $4.1 mln$7.7 mln $7.8 mln Shares Outstanding1.5 mln 1.5 mln1.5 mln...
Transcontinental Realty 2nd-Qtr Earnings
August 21, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $1.1 mln$2.3 mln $1.8 mln $3.6 mln Net Income $5.8 mln $7.6 mln $10.1 mln $7.9 mln Net/shr$0.67$1.96$1.17$2.03Revenue$34.8 mln $20.6 mln$69.3 mln $39.7 mln Shares Outstanding8.6 mln 3.9 mln8.6 mln...
AMLI Residential 2nd-Qtr FFO $0.72/shr vs $0.66/shr
August 21, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $17.8 mln$16.3 mln $33.2 mln $30.8 mln FFO/shr (diluted) $0.72$0.66 $1.35 $1.25 Net Income (loss) $16.1 mln $9.1 mln $42.0 mln $16.4 mln Net/shr$0.76 $0.43 $1.99 $0.75 Revenue$34.1 mln $32.9...
Ventas 2nd-Qtr FFO $0.26/shr vs. $0.46/shr
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...
Tarragon Realty 2nd-Qtr FFO$0.31/shr vs $0.36/shr
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...
The Rouse Co. 2nd-Qtr FFO $0.82/shr vs. $0.61/shr
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...
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