November 18, 1999 Capital Trust Inc. (NYSE:CT) has filed a Form DEF 14A proxy statement with the SEC.
November 17, 1999 CUPERTINO, Calif. – Mission West Properties Inc. paid $7.2 million, or $92/sf, for a 77,700-square-foot research and development property in San Jose, Calif.The property is fully leased to Cisco Systems through June 2004.It was purchased...
November 17, 1999 By Genaro C. Armas, Associated PressPHILADELPHIA – For more than eight years, the burned-out remains of One Meridian Plaza stood out as an eyesore among Center City's skyscrapers, a bad reminder of a blaze that...
November 17, 1999 3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $1.9 mln$1.6 mln $6.9 mln $6 mln FFO/shr (diluted) $0.24 $0.22 $0.83 $0.79 Extra Gain (Loss) – ($0.6 mln) ($0.2 mln) ($0.9 mln) Net Income (Loss)$2.6 mln ($1.2 mln) $4.3...
November 17, 1999 3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $6.2 mln$2.9 mln $21.9 mln $20.2 mln FFO/shr (diluted) $0.22 $0.09 $0.77 $0.59 Net Income $5.4 mln $2.2 mln $19.5 mln $19.2 mln Net/shr$0.19 $0.07 $0.68 $0.57 Revenue$15.2 mln $17.2...
November 17, 1999 3-mos 99 Pro Forma9-mos 99 Pro FormaFFO$1.6 mln $4.3 mln FFO/shr (diluted)$0.25 $0.67 Net Income$0.4 mln $0.9 mln Net/shr$0.15 $0.39 Lease Revenue$1.9 mln $3.5 mln
November 17, 1999 Go To Original Price Talk.Chase Commercial Mortgage Securities Corp., 1999-2ClassAmount($mln)Sub. Level(%)RatingS&PRatingDuff & PhelpsAvg.LifeSpread(BP)BnchMarkA-1105.926.5AAAAAA5.5+100.5Treas.A-2469.326.5AAAAAA9.83+119.25Treas.B4121.25AAAA9.98+141.25Treas.C37.116.5AA9.98+159.25Treas.D11.715A-A-9.98+181.25Treas.E27.411.5BBBBBB9.98+235Treas.F11.710BBB-BBB-9.98+315Treas.X782.7*--AAAAAA9.46+360**Treas.* Notional Amount** At 100% Constant Prepayment Rate
November 17, 1999 An investment team led by Praedium Fund has sold 50 Broadway, a 342,000-square-foot office building in downtown Manhattan for $46 million, according to the Wall Street Journal.Praedium, an opportunistic investment fund operated by Credit Suisse...
November 17, 1999 Shuwa Investments has agreed to sell 1330 Avenue of the Americas in Midtown Manhattan to Despa, the largest real estate fund manager in Germany, for close to $200 million, or $400/sf, according to the Wall...
November 17, 1999 NEW YORK – A partnership between Cargill Financial Services and Lighthouse Real Estate Ventures Inc. has paid about $50 million, or $134/sf, for 100 William Street in lower Manhattan.The building was purchased from BlackAcre Capital...
November 17, 1999 Battle for Shoppers goes down to the wireThe National Post, November 17 MONTREAL – Imasco Ltd. and British American Tobacco PLC are preparing to unveil the winner of a bidding war for Shoppers Drug Mart...
November 17, 1999 Duke Weeks Realty Corp. (NYSE:DRE) has filed Form 10-Q with the SEC.
November 17, 1999 SL Green Realty Corp. (NYSE:SLG) has filed Form 10-Q with the SEC.
November 17, 1999 CHICAGO – General Growth Properties Inc. (NYSE:GGP) has formed a $1.1 billion joint venture with the New York Common Retirement Fund.The venture is the second between the two. It will own $1.1 billion of properties,...
November 17, 1999 GLENDALE, Calif. – Public Storage Inc. (NYSE:PSA) has entered into a joint venture to fund the development of about $100 million of self-storage properties.The joint venture is expected to eliminate much of the earnings dilution...
November 17, 1999 Starwood Hotels & Resorts (NYSE: HOT) has filed a Form 10-Q/A (Amended Quarterly Report)with the SEC.
November 17, 1999 Resource Asset Investment Trust (NYSE: RAS) has filed a Form SC 13G (Statement ofBeneficial Ownership) with the SEC.
November 17, 1999 ATLANTA – Cousins Properties Inc. (NYSE:CUZ) and Myers Development Co. have formed a venture that acquired a site suitable for an office building in San Francisco for $22 million.The property, which encompasses 25,776 square feet,...
November 17, 1999The Bank of America Center soldTulsa World, November 17TULSA, Okla. – Bank Tower Limited Partnership has paid $9.5 million for the Bank of America Center, which contains 284,000 square feet of office space and a seven-story...
November 17, 1999 Koger Equity Inc. (AMEX:KE) has filed a Form 8-K with the SEC.
November 16, 1999 By Morris Newman, VertiNews.com CorrespondentIRVINE, Calif.– The law firm of Allen, Matkins, Leck, Gamble & Mallory, LLP has leased 44,290 sf at the Koll Center Irvine North Phase II. The 10-year deal is worth $15...
November 16, 1999 Cornerstone Properties Inc. (NYSE:CPP) has filed Form 10-Q with the SEC.
November 16, 1999 NEW YORK – Millennium Partners today broke ground on The Ritz-Carlton Hotel & Residences on the tip of the Manhattan in Battery Park City. The development will include a 311-unit five-star hotel, said to be...
November 16, 1999 3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $23.4 mln$20.3 mln $66.7 mln $60.1 mln FFO/shr (diluted) $0.59 $0.52 $1.70 $1.53 Extra Gain (Loss) – – ($2.8 mln) ($0.4 mln) Net Income $7.5 mln $5.3 mln $19 mln...
November 16, 1999 By B.J. Lee, Asian Assets Direct CorrespondentSEOUL, South Korea - Korea Asset Management Corp., a state-run agency charged with liquidating the bad debt held by Korean companies, is sticking with its plan to set up...
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