RECENT NEWS
Alexandria RE Equities 2nd-Qtr FFO $0.77/shr vs. $0.70/shr
August 3, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $11.1 mln$9.6 mln $21.5 mln $18.5 mln FFO/shr (diluted) $0.77 $0.70 $1.52 $1.37 Net Income $6.3 mln $5.8 mln $12.1 mln $11.1 mln Net/shr$0.38 $0.41 $0.72 $0.81 Revenue$24.9 mln $21.1...
Mall Developer and City File Suit Against Westfield America
August 3, 2000 NEW HAVEN – Long Wharf Galleria LLC and the City of New Haven today filed an antitrust suit against Westfield America Inc. (NYSE:WEA) and its affiliates, as well as the city of Milford, Conn., charging...
Friedman Billings Lowers Boykin Lodging to Market Perform
August 3, 2000 (NewsTraders.com) – Boykin Lodging (NYSE:BOY) received a downgrade late Wednesday from Friedman Billings Ramsey analyst Merrill Ross, who lowered his rating on the lodging company to "market perform" from "accumulate."Although Boykin posted second-quarter funds from...
Western Properties Trust 2nd-Qtr FFO Unchanged at $0.34/shr
August 3, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $6.3 mln$6.4 mln $12.9 mln $12.6 mln FFO/shr (diluted) $0.34 $0.34 $0.68 $0.67 Net Income $1.5 mln $5.2 mln $9.2 mln $8 mln Net/shr$0.09$0.30$0.53$0.46Revenue$14.8 mln $14.7 mln$29.4 mln $28.3 mln...
American Skiing Raises $75 Mln Financing
August 3, 2000 NEWRY, Maine – American Skiing Co. (NYSE: SKI) has received a $73 million credit line from a group of lenders and investors led by Fleet National Bank.The facility is an increase from American Skiing's $58...
Lend Lease Buys Florida Retirement Community for $27 Mln
August 3, 2000 BOSTON – Lend Lease Real Estate Investments Inc. has paid $27 million, or $90,900/unit, for The Preserve at Palm Aire, a retirement community in Pompano Beach, Fla.The 297-unit property was purchased by Lend Lease on...
Bradley 2nd-Qtr FFO $0.58/shr vs $0.56/shr
August 3, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $13.8 mln$14.5 mln $29.4 mln $29.0 mln FFO/shr (diluted) $0.58 $0.56 $1.21 $1.13 Net Income $6.7 mln $7.8 mln $15.4 mln $15.6 mln Net/shr$0.30 $0.33 $0.69 $0.65 Revenue$39.8 mln $37.6...
Developers Diversified 2nd-Qtr FFO $0.54/shr vs $0.51/shr
August 3, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $32.4 mln$34.6 mln $66.6 mln $67.9 mln FFO/shr (diluted) $0.54 $0.51 $1.08 $1.00 Extra Gain (Loss) $.2 $(1.8 mln) $17.1 mln $(1.8 mln) Net Income $11.9 mln $14.3 mln $43.1...
Jameson Inns 2nd-Qtr FFO $0.46/shr vs $0.46/shr
August 3, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $5.1 mln$4.9 mln $8.1 mln $7.6 mln FFO/shr (diluted) $0.46 $0.46 $0.74 $0.74 Net Income $1.5 mln $2.5 mln $1.1 mln $3.4 mln Net/shr$0.13 $0.24 $0.10 $0.34 Revenue$11.7 mln $9.3...
JDN Realty Sets Aug. 29 Shareholder Meeting
August 3, 2000 JDN Realty Corp. (NYSE:JDN) will conduct its annual shareholders' meeting in Atlanta on Aug. 29Part of the agenda for the meeting at the JW Marriott Hotel will be the nomination of two directors, according to...
Colonial Properties Trust Buys Mall in Texas
August 3, 2000 Colonial Properties Trust (NYSE:CLP) has purchased a 575,000 square-foot mall in Temple, Texas.Though a purchase price could not be learned, Colonial expects the purchase of the Temple Mall will generate an initial yield, or capitalization...
American Realty Trust, National Realty Merge
August 3, 2000 DALLAS – American Realty Trust Inc. and National Realty LP late yesterday completed their long-awaited merger. The resulting company is American Realty Investors (NYSE:ARL).Under terms of the merger, American Realty Trust shareholders will receive 0.91...
Weingarten Realty Plans Baton Rouge, La., Center
August 2, 2000 HOUSTON – Weingarten Realty Investors (NYSE:WRI) plans to develop a 173,000-square-foot shopping center on Siegen Lane in Baton Rouge, Louisiana.Siegen Plaza will be situated on 44.7 acres in the southeast quadrant of the city. In...
Lowe Enterprises, Teachers Break Ground for D.C. Offices
August 2, 2000 A joint venture between Lowe Enterprises of Los Angeles and Teachers Insurance has broken ground for a $65 million office project at 601 New Jersey Ave. in Washington, D.C.The venture, Lowe Commercial Development Co., is...
S&P Raises Ratings on Citibank NA’s 1994-C2
August 2, 2000 NEW YORK – Standard & Poor's has raised its ratings on Citibank NA's 1994-C2 because of the continued strength of the deal's collateral property, Union Station in Washington, D.C.The rating agency upgraded the deal's double-A...
NAR Names Gottlieb Senior VP for Commercial Real Estate
August 2, 2000 CHICAGO, Ill. – The National Association of Realtors has named Bonnie Gottlieb senior vice president for commercial real estate, a new position that the trade organization has formed to beef up its presence in the...
Post Readies to Sell Up to $500 Mln in Securities
August 2, 2000 Post Properties has registered to sell up to $500 million in stock and debt.The Atlanta-based REIT is prepared to offer up for sale $200 million of debt securities and common and preferred stock in Post...
Southeast Regional Digest (8/2/00): Highwoods buys Tampa Bay, Fla., office building
August 2, 2000Highwoods Properties buys offices downtownThe Tampa Bay Tribune, August 2TAMPA BAY, Fla. – Highwoods Properties has acquired the 209,000-square-foot One Harbour Place office building from GIC Real Estate for an undisclosed amount. The deal is the...
TMW-Led Group Inks Purchase of Washington’s MCI Building
August 2, 2000A group involving TMW Real Estate and Washington-area developers Eastbanc Inc. and Mark Winkler Co. have agreed to buy 1801 Pennsylvania Avenue NW in Washington D.C.The Washington Post is reporting that the 192,000-square-foot building was expected...
Related Buys Chicago’s LR Development In $300 Mln Deal
August 2, 2000NEW YORK –The Related Cos. LP has announced its acquisition of Chicago-based LR Development, a builder of luxury residencesAlthough Related did not disclose a sales price, it has previously been reported at $25 million. However, Related...
Arden Realty 2nd-Qtr FFO $0.69/shr vs $0.52/shr
August 2, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $45.2 mln$42.8 mln $89.7 mln $84.6 mln FFO/shr (diluted) $0.69 $0.65 $1.37 $1.29 Net Income $23.2 mln $24.7 mln $46.7 mln $49.0 mln Net/shr$0.37 $0.39 $0.74 $0.78 Revenue$93.6 mln $83.4...
CenterPoint Properties Files $500 Mln Mixed Securities Shelf
August 2, 2000(NewsTraders.com) – CenterPoint Properties Trust (NYSE:CNT) has registered with the SEC $500 million of debt and equity securities for sale sometime in the future.The shelf registration covers senior and subordinated debt securities, preferred stock, common stock...
GMAC Provides $155 Mln Credit Facility To Kramont Realty Trust
August 2, 2000 PLYMOUTH MEETING, Pa. – GMAC Commercial Mortgage Corp. has provided a $155 million non-revolving credit line to Kramont Realty Trust (NYSE: KRTThe credit line will be used for acquiring, financing and refinancing real estate. The...
Parkway Properties 2nd-Qtr FFO $1.04/shr vs $0.93/shr
August 2, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $10.3 mln$9.4 mln $19.9 mln $18.4 mln FFO/shr (diluted) $1.04 $0.93 $1.99 $1.81 Net Income $14.4 mln $5.3 mln $19.2 mln $10.2 mln Net/shr$1.45 $0.52 $1.93 $1.00 Revenue$31.0 mln $27.6...
Sagamore Equities Buys SoCal Office Building for $48 Mln
August 2, 2000 SANTA CLARA, Calif. – A relative newcomer to the real estate market has acquired a 228,000-square-foot Silicon Valley office and R&D complex for more than $48 million, or $211/sf.Sagamore Equities LLC of San Francisco bought...
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