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 16, 2000 By Thomas J. Walsh, Commercial Real Estate Direct Senior WriterPHILADELPHIA – The Pa. Biotech Association has honored National Association of Corporate Real Estate Executives board member Gregory R. Byrnes for a decade of promoting the...

May 16, 2000(NewsTraders.com) -- Suggesting that investors check into shares of Hilton Hotels (NYSE:HLT), Morgan Stanley Dean Witter analyst Michael Happel initiated coverage of the lodging stock with an "outperform" rating and a $12 price target today.Happel also...

May 16, 2000 By Orest Mandzy, Commercial Real Estate Direct Managing EditorPatrick Blount, who three years ago started NPA Group to help institutions sell unwanted mortgages, has bought out his partner, Eileen Williams.Blount is keeping the NPA Group...

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 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 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 12, 2000 1st-Qtr 001st-Qtr 99FFO $38.1 mln$37.8 mln FFO/shr (diluted) $0.85 $0.77 Net Income $12.7 mln $13.7 mln Net/shr$0.31 $0.31 Revenue$98.7 mln $88.8 mln Shares outst.41.6 mln 45.9 mln