May 17, 2000 FALLS CHURCH, Va. – Two Washington-area entrepreneurs have launched findAspace.com, a site that will include a database of relatively small commercial spaces that are offered for lease in the Reston, Va., area.The firm, which was...

May 17, 2000 (NewsTraders.com) -- Goldman Sachs has boosted CBL & Associates (NYSE:CBL) to "market outperformer" from "market perform."In addition, Goldman hiked its 2000 and 2001 EPS numbers on CBL to $3.52 and $3.85 from $3.45 and $3.76,...

May 17, 2000 NEW YORK – Lexington Corporate Properties Trust (NYSE:LXP) has agreed to sell two industrial properties for $15.6 million, giving the REIT a profit of $1.8 million.The properties that are being sold are a Plymouth, Mich.,...

May 17, 2000 DALLAS – Trammell Crow Co. (NYSE:TCC) has been tapped by Amdahl Corp. to provide facilities management services, construction/project management and real estate brokerage services for its 2.8 million-square-foot worldwide portfolio of space.Amdahl is a unit...

May 17, 2000 Terremark, Miami Heat to build telecom centerMiami Herald, May 17MIAMI – Terremark Worldwide and the Miami Heat have formed a partnership to build the "Technology Center of the Americas," real estate sources say. They also...

May 17, 2000 Gentra buys four big TrizecHahn office towers for US$514 MlnTORONTO – TrizecHahn Corp. has sold four Canadian office towers to Gentra Inc. for 769.6 million Canada dollars (US$514 million). The sold towers include: Bankers Hall...

May 17, 2000BOSTON – Boston Properties Inc. (NYSE: BXP) has entered into a three-year joint venture agreement with the New York State Common Retirement Fund in which the fund has the right to participate in Boston Properties' future...

May 17, 2000 HOUSTON – HyperDynamics Corp., an information technology company, has signed a lease to occupy 15,000 square feet at the Westwood Technology Center in Houston.Terms of the lease were not disclosed.Westwood Technology Center is a 536,000-sf...

May 17, 2000 (NewsTraders.com) – Apex Mortgage Capital and affiliates (NYSE:AXM) filed with regulators this afternoon to document having reduced their equity position in Impac Commercial Holdings (AMEX:ICH) to 4.5 percent, which is comprised of 378,300 common shares.Apex,...

May 17, 2000 1st-Qtr 001st-Qtr 99FFO $60.5 mln$51 mln FFO/shr (diluted) $0.98 $0.84 Extra Gain (Loss) $0.3 mln $ -- Net Income $42.1 mln $32.9 mln Net/shr$0.69 $0.55 Revenue$112.4 mln $112.9 mln Shares outst.61.3 mln 60.8 mln

May 17, 2000 1st-Qtr 001st-Qtr 99FFO $19 mln$28.0 mln FFO/shr (diluted) $0.25 $0.38 Net Income $(17.4 mln) $17.1 mln Net/shr$(0.40) $0.06 Revenue$72.8 mln $78.3 mln Shares Outstanding43.4 mln 58.4 mln

May 17, 2000 1st-Qtr 001st-Qtr 99FFO $6.3 mln$10.1 mln FFO/shr (diluted) $0.20 $0.27 Net Income $(0.08 mln) $(0.3 mln) Net/shr$(0.002) $(0.01) Revenue$31.1 mln $35.1 mln Shares Outstanding32.3 mln 37.1 mln

May 17, 2000 1st-Qtr 001st-Qtr 99FFO $1.6 mln$1.9 mln FFO/shr (diluted) $0.20 $0.23 Net Income $2.8 mln $1.1 mln Net/shr$0.35 $0.13 Revenue$20.4 mln $17.9 mln Shares Outstanding8.0 mln 8.4 mln

May 17, 2000 Commercial Real Estate DirectSumitomo Life Insurance Co., Mitsubishi Trust & Banking Corp. and Mitsui Fudosan Co. are planning to jointly develop a commercial real estate index that would track property returns in Japan.The firms "hope...

May 16, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorDwight Merriman III, the former managing director in charge of CarrAmerica Realty's (NYSE: CRE) Southern California and Utah operations, has joined RREEF Funds' San Francisco office as...

May 16, 2000 1st-Qtr 001st-Qtr 99FFO $17.9 mln$15.7 mln FFO/shr (diluted) $0.87 $0.77 Net Income $12.8 mln$8.5 mln Net/shr$0.69 $0.45 Revenue$39.5 mln $33.9 mln Shares Outstanding20.6 mln 20.5 mln

May 16, 2000 2nd-Qtr 002nd-Qtr 996-mos 006-mos 99Net Income $2 mln $2.2 mln $3.8 mln $5.1 mln Net/shr$0.27 $0.30 $0.52 $0.71 Revenue$2.8 mln $3 mln $5.1 mln $6.2 mln Shares Outstanding7.3 mln 7.2 mln 7.3 mln 7.2 mln

May 16, 2000 Bradley Real Estate Inc. (NYSE:BTR) has filed a Form 8-K with the SEC that details terms of its pending merger with Heritage Property Investment Trust Inc.

May 16, 2000 1st-Qtr 001st-Qtr 99Net Income (Loss) $0.02 mln($1.8 mln) Net (Loss)/shr$0.0 ($0.08) Revenue$260.9 mln $233.2 mln Shares Outstanding20.9 mln 20.6 mln

May 16, 2000 WASHINGTON – CarrAmerica Realty Corp. (NYSE:CRE) began construction of a 23-story, 443,000-square-foot office building at 300 West Sixth Street in downtown Austin, Texas.The project is a joint venture between CarrAmerica and JER Partners. It is...

May 16, 2000 (NewsTraders.com) – Public Storage (NYSE:PSA) has reduced its investment in Shurgard Storage Centers (NYSE:SHU) to 4.95 percent from 6.2 percent.From May 2 to May 15, Public Storage sold 362,000 shares of Shurgard common stock in...

May 16, 2000 SEATTLE –Shurgard Storage Centers Inc. (NYSE:SHU) has formed a venture with Chase Capital Partners that will buy and operate self-storage facilites that are developed by Shurgard.The venture, which was reported by Commercial Real Estate Direct...

May 16, 2000 1st-Qtr 001st-Qtr 99FFO $0.4 mln$0.3 mln FFO/shr (diluted) $0.18 $0.19 Net Income $0.11 mln $0.07 mln Net/shr$0.05 $0.04 Revenue$1.6 mln $1.3 mln Shares Outstanding2.2 mln 1.7 mln

May 16, 2000 Phenolchemie's Theodore plant already for saleThe Mobile Register, May 16THEODORE, Ala. – The $250 million Phenolchemie chemical plant is for sale as a result of the merger between Deguss Huls AG and SKW Trostberg AG....

May 16, 2000 PALO ALTO, Calif. – Harvey E. Green, executive vice president and chief operating officer of Marcus & Millichap Real Estate Investment Brokerage Co., has been named president and chief executive of the firm.Green replaces William...