RECENT NEWS
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...
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...
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...
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...
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...
Cendant to Acquire AmeriHost Brand Names and Franchising Rights
August 18, 2000 NEW YORK – Cendant Corp. (NYSE: CD) and Amerihost Properties Inc. (Nasdaq:HOST) have signed a definitive agreement for Cendant's acquisition of the AmeriHost Inn and AmeriHost Inn and Suites brand names and franchising rights. Terms...
Hersha Hospitality Trust 2nd-Qtr Earnings
August 18, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $1.7 mln$1.4 mln $2.8 mln $2.2 mln Net Income $0.3 mln $0.4 mln $0.8 mln $0.7 mln Net/shr$0.13$0.14$0.22$0.24Revenue$3.5 mln $1.9 mln$6.5 mln $3.5 mln Shares Outstanding6.7 mln 6.3 mln6.7 mln...
AmeriVest Properties 2nd-Qtr FFO $0.18/shr vs $0.17/shr
August 18, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $0.4 mln$0.3 mln $0.8 mln $0.6 mln FFO/shr (diluted) $0.18 $0.17 $0.36 $0.36 Net Income $0.1 mln $0.03 mln $0.2 mln $0.1 mln Net/shr$0.05$0.02$0.10$0.06Revenue$1.7 mln $1.3 mln$3.4 mln $2.6 mln...
AMLI Residential Acquires Apartment Community in Austin
August 18, 2000 CHICAGO – AMLI Residential Properties Trust (NYSE:AMLI) has purchased the Jefferson Scofield Ridge and Jefferson Scofield Farms in Austin, Texas, for more than $35 million. The seller was from Jefferson Properties.The 487-unit apartment complex, renamed...
CarrAmerica, N.Y. Pension Fund Close on Joint Venture
August 18, 2000 WASHINGTON – CarrAmerica Realty Corp. (NYSE: CRE) has closed on an approximately $422 million development joint venture with New York State Teachers' Retirement System.The venture includes the purchase of five suburban office parks, totaling more...
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...
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