July 25, 2000Time Warner Cable will build high-tech call centerThe Charlotte Observer, July 25CHARLOTTE, N.C. – Crosland Commercial will develop an $8 million, 80,000-square-foot customer call center for Time Warner Cable at Whitehall Executive Center. The company will...

July 25, 2000 KENILWORTH, N.J. – Following completion of its tender offer, Flexi-Van Leasing Inc. now owns about 92 percent or 15.7 million shares of Castle & Cooke Inc.Flexi-Van, which is controlled by Castle & Cooke chairman David...

July 25, 2000 The State Teachers Retirement System of Ohio has agreed to contribute $75 million in equity to a new Prologis (NYSE:PLD) acquisition fund. The ProLogis North American Properties Fund I expects to have the capacity to...

July 25, 2000 ALHAMBRA, Calif. – PropertyFirst.com Inc. has promoted Jon Torgeson to senior vice president of national sales from vice president of strategic accounts at the company.In his new position, Torgeson will oversee a 21-person sales team...

July 25, 2000 COLUMBIA, Md. – Litton TASC has agreed to lease 60,000 square feet at 201 National Business Park, an office building in Annapolis Junction, Md., that will be constructed by Corporate Office Properties Trust (NYSE:

July 25, 2000 TORONTO – RioCan Real Estate Investment Trust (TSE:REI_u.TO) and First Gulf Development Corp. have completed $48 million of first mortgage financing for Kennedy Commons in Scarborough, Ontario.Kennedy Commons is a 440,000-square-foot retail development at Kennedy...

July 25, 2000 LOS ANGELES – Kilroy Realty Corp. (NYSE:KRC) has sold five Silicon Valley industrial buildings to a private investment group for about $62 million.The properties are located in San Jose and total 430,000 square feet of...

July 25, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $11.7 mln$10.0 mln $22.4 mln $20.3 mln FFO/shr (diluted) $0.44 $0.40 $0.87 $0.81 Net Income $7.3 mln $4.9 mln $11.8 mln $9.2 mln Net/shr$0.36 $0.24 $0.59 $0.47 Revenue$20.0 mln $18.9...

July 25, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $58.5 mln $51.6 mln $114.9 mln$102.1 mln FFO/shr (diluted) $0.79 $0.71 $1.56 $1.40 Extra Gain (Loss) $(.23) $ -- $(2.1 mln) $ -- Net Income $40.3 mln $43.2 mln $77.2...

July 25, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $15.6 mln$13.4 mln $30.4 mln$26.3 mln FFO/shr (diluted) $0.44 $0.38 $0.85 $0.74 Net Income $10 mln $8.8 mln $20.8 mln $25.1 mln Net/shr$0.28 $0.25 $0.58 $0.70 Revenue$23.7 mln $20.3 mln...

July 25, 2000BALTIMORE – Glenn D. Reschke, the president and acting chief executive officer of Prime Retail Inc. (NYSE:PRT), has been promoted to chairman and CEO. Reschke also keeps his position as president.As chief executive, Reschke will immediately...

July 25, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99FFO $105.3 mln$78.1 mln $203.4 mln $144.3 mln FFO/shr (diluted) $1.18 $1.01 $2.30 $1.97 Net Income $(2.8 mln) $9.1 mln$8.6 mln $9.5 mln Net/shr$(0.04) $0.14$0.13 $0.16 Shares Outstanding66.3 mln 62.3 mln...

July 25, 2000 Liberty International PLC's shareholders have given management the green light to buy the 29.8 percent stake in the company that Standard Life Investment Corp. of South Africa owns.The approval goes a long way in thwarting...

July 24, 2000 Industry news: Health care property acquired for $18.9 MlnAtlanta Business Chronicle, July 24 SANDY SPRINGS, Ga. – Nashville, Tenn.-based Medical Properties of America has acquired a six-story medical office building at 755 Mount Vernon Highway...

July 24, 2000 A Kuwaiti investment firm has agreed to pay $113 million, or $452/sf, for a 250,000-square-foot office condominium at 660 Madison Avenue. The space is owned by Isetan Co.The agreement was reported by Crain's New York....

July 24, 2000 By Susanna Potter, Commercial Real Estate Direct Staff WriterVectiv, a San Francisco start-up, plans to launch a site by the end of the year to expedite site selection for retailers and hotel operators.Using a proprietary...

July 24, 2000Criimi Mae Inc.'s (NYSE:CMM) effort to emerge from bankruptcy moved another step forward last week when a secured creditor lifted its objection to Criimi's bankruptcy plan.The secured creditor, Salomon Smith Barney and affiliates of Citigroup, had...

July 24, 2000An affiliate of DLJ Real Estate Capital Partners has agreed to pay about $25 million for a 1.5-acre site on the West side of Manhattan on which it will construct a 300,000-square-foot office building.The site, which...

July 24, 2000 MANHATTAN BEACH, Calif. – Shopping mall developer Center Trust Inc. (NYSE:CTA) has agreed to sell six properties to Kimco Realty Corp. (NYSE:KIM) for $160.6 million, including $68.3 million in debt.The sale of the properties, located...

July 24, 2000 SAN FRANCISCO – Robertson Stephens has raised its estimates on Bedford Property (NYSE:BED), lifting its price target to $23.50-$24.00 from $21.50 and reiterated its "Buy" rating for the REIT.The change comes as a result of...

July 24, 2000BINGHAM FARMS, Mich. – Kensington Investment Group Inc., the Orinda, Calif., money manager that recently won a heated proxy battle against Malan Realty Investors Inc. (NYSE:MAL), has announced that Anthony S. Gramer, the REIT's president and...

July 24, 2000 The following is a synopsis of a special report by Moody's Investors Service, "Japanese CMBS: 2000 Outlook." Click here for a copy of the full report.The volume of commercial mortgage-backed securities floated in Japan should...

July 24, 2000 1st-Qtr 001st-Qtr 99FFO$12.8 mln$16.1 mln FFO/shr (diluted) $0.39 $0.48 Net Income $12.9 mln $10.8 mln Net/shr$0.40 $0.32 Revenue$26.2 mln $25.7 mln

July 21, 2000 NEW YORK – Fitch has revised its ratings outlook for Archstone Communities Trust (NYSE:ASN) to "negative" from "stable" following Archstone's announcement that it will repurchase about $400 million of its common stock from Security Capital...

July 21, 2000 LOS ANGELES – The Hileman Co., a two-year-old real estate firm, paid $16 million for a 169,000-square-foot office/manufacturing complex in Thousand Oaks, Calif., that it plans to redevelop.Hileman expects to invest an additional $25 million...