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...

May 15, 2000 CHICAGO – CenterPoint Properties Trust (NYSE:CNT) has agreed to list the properties it has for lease on Comro.com's online marketplace.CenterPoint has a portfolio of 200 industrial properties in the Greater Chicago area. The addition of...

May 15, 2000 1st-Qtr 001st-Qtr 99FFO $4.2 mln$4.0 mln FFO/shr (diluted) $0.46 $0.43 Extra Gain (Loss) $ -- $(0.5 mln) Net Income $0.9 mln $1.5 mln Net/shr$0.18 $0.29 Revenue$11.0 mln $12.7 mln Shares outst.5.2 mln 5.2 mln

May 15, 2000 Industry News: TrizecHahn negotiating to build Buypass officesThe Atlanta Journal-Constitution, May 15ATLANTA – TrizecHahn Office Properties is in final negotiations to develop a new headquarters for Buypass Corp. The new office and data center will...

May 15, 2000 Winn-Dixie's plans to close 110 stores does not figure to be a big event for the commercial mortgage-backed securities market. According to a Merrill Lynch research report, the store closings will affect only 12 CMBS...

May 15, 2000When a group of real estate giants unveiled a technology consortium to capture a piece of dot-com mania, some real estate investors got excited. But a hard look at the details -- and the companies' own...

May 12, 2000 1st-Qtr 001st-Qtr 99 (Pro Forma)FFO $50.2 mln$52.3 mln FFO/shr (diluted) $0.35 $0.37 Net Income $26.5 mln $31.3 mln Net/shr$0.20 $0.24 Revenue$100.3 mln$78.7 mln Shares outst.143.3 mln 143 mln

May 12, 2000 PALM BEACH, Fla. – A lending syndicate led by Bank of America and Credit Lyonnais has reduced the size of a credit facility to Innkeepers USA Trust (NYSE:KPA) to $130 million from $250 million.The amended...