May 16, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorRREEF Funds has purchased a 16-month-old, 111,000-square-foot office building in a Boston suburb. The pension-fund adviser bought the fully leased 100 Apollo Drive building in Chelmsford, Mass....

May 16, 2000 1st-Qtr 001st-Qtr 99FFO $17.6 mln$16.5 mln FFO/shr (diluted) $0.33 $0.31 Extra Gain (Loss) $(9.3 mln)$ -- Net Income $(6.4 mln) $2.2 mln Net/shr$(0.12) $0.04 Revenue$132.3 mln $117.5 mln Shares outst.53.2 mln 53.0 mln

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...

May 16, 2000 FAIRFIELD, N.J. – Prime Hospitality Corp. (NYSE:PDQ) has sold three Wellesley Inns, in Edison and Hazlet, N.J. and Reading, Pa., for $17 million. The properties will continue to be managed by Prime and will be...

May 16, 2000 1st-Qtr 001st-Qtr 99FFO $25.4 mln$16.9 mln FFO/shr (diluted) $0.68 $0.61 Net Income $6.6 mln $6.0 mln Net/shr$0.33 $0.33 Revenue$72.4 mln $47.8 mln Shares outst.19.9 mln 18 mln

May 16, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorBrookhollow Group has purchased a 437,269-square-foot multi-tenant industrial property in Fullerton in northern Orange County, Cal. for $18.3 million, or just under $42/sf.Brookhollow, based in nearby Costa...

May 16, 2000 1st-Qtr 001st-Qtr 99FFO $26.7 mln$25.7 mln FFO/shr (diluted) $0.67 $0.65 Extra Gain (Loss) $ -- $1.7 mln Net Income $20.5 $20.7 Net/shr$0.47 $0.48 Revenue$48.3 mln $45.1 mln Shares outst.40.1 mln 39.8 mln

May 16, 2000 (NewsTraders.com) – Two top executives at Koger Equity (NYSE:KE) combined to purchase 70,093 common shares of the REIT from April 3 to April 17.Koger chief executive Thomas Crocker stepped in and grabbed 52,570 shares in...

May 16, 2000 1st-Qtr 001st-Qtr 99FFO $87.8 mln$60.8 mln FFO/shr (diluted) $0.52 $0.47 Revenue$165.7 mln $125.7 mln Shares outst.176.8 mln 138.2 mln

May 16, 2000 NEW YORK – Standard & Poor's today placed the debt ratings of Bradley Real Estate Inc. (NYSE:BTR) and Braldey Operating LP on CreditWatch, Negative, as a result of its plan to be acquired by Heritage...

May 15, 2000 1st-Qtr 001st-Qtr 99FFO $6.4 mln$6.5 mln FFO/shr (diluted) $0.35 $0.35 Net Income $2.9 mln $3.2 mln Net/shr$0.21 $0.22 Revenue$13.9 mln $13.0 mln Shares outst.18.2 mln 18.7 mln

May 15, 2000 (NewsTraders.com) -- AvalonBay Communities (NYSE:AVB) was eased to "accumulate" from "buy" today by A.G. Edwards & Sons analyst Art Havener, who cited price appreciation and valuation as the impetus for his move.The company provides the...

May 15, 2000 1st-Qtr 001st-Qtr 99FFO $5.2 mln$6.2 mln FFO/shr (diluted) $0.29 $0.38 Extra Gain (Loss) $(0.3 mln) $ 0.07 mln Net Income $(1.4 mln) $0.7 mln Net/shr$(0.09) $0.05 Revenue$19.7 mln $18.7 mln Shares outst.15.4 mln 15.3 mln

May 15, 2000 1st-Qtr 001st-Qtr 99FFO $23.5 mln$18.8 mln FFO/shr (diluted) $0.54 $0.43 Net Income $12.7 mln $7.7 mln Net/shr$0.31 $0.28 Revenue$50.1 mln $34.3 mln Shares outst.40.6 mln 27.9 mln

May 15, 2000 Dylex set to sell Tip Top, BiWayThe Financial Post, May 15TORONTO – Dylex Ltd. may announce a deal for selling its BiWay and Tip Top chains. The price for selling the two assets could be...