RECENT NEWS
Equity Office Sells 2 Properties for $35.5 Mln
August 22, 2000 CHICAGO – Equity Office Properties Trust (NYSE:EOP) has sold Agoura Hills Business Park in Agoura Hills, Calif., and Westlake Spectrum Center I and II in Westlake Village, Calif., for a total of $35.5 million.The properties...
Lodgian Sues Yung Group for Alleged Securities Violations
August 22, 2000 (NewsTraders.com) – In a mounting legal battle, an investment group led by William Yung said today that a complaint filed by hotel operator Lodgian (NYSE:LOD) accusing the group of violating securities laws is "wholly without...
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...
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...
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...
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...
Southeast Regional Digest (8/17/00): Three times a charm for Equitable Building sale
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...
Fitch Upgrades 2 Southern Pacific Thrift 96-C1 Classes
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,...
Quadrangle Development Begins New D.C. Office Tower
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...
AMB Property Corp. Files for $30 Mln Notes Offering
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,...
Investors Real Estate Trust Increases Quarterly Dividend
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...
REITs Continue ‘Reversal of Fortunes’
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...
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