RECENT NEWS
Hines Tapped to Build Large Office Building for Enron in Houston
November 15, 1999 By Debra Beachy, VertiNews.com CorrespondentHOUSTON – Hines is constructing a 40-story office building in Houston for Enron, an energy company.The 1.2-million-square-foot Enron office building will sit on a full city block across from the company's...
Apartment Rents in Texas’ Urban Areas Still Strong, Research Firm Finds
November 15, 1999 By Debra Beachy, VertiNews.com CorrespondentHOUSTON – Apartment rents continued to grow in Texas' urban markets during the third quarter of 1999, according to a survey by Aptresearch.com, a Dallas real estate research firm.In Austin, home...
Franklin Select 3rd-Qtr FFO $0.12/shr vs $0.14/shr
November 15, 1999 3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $1.4 mln$1.7 mln $4.6 mln $5.9 mln FFO/shr (diluted) $0.12 $0.14 $0.38 $0.48 Net Income (Loss) ($0.3 mln) $1.1 mln $1 mln $3.4 mln Net/shr($0.02) $0.09 $0.15 $0.28 Revenue$3.9 mln...
Kilroy Realty Files 10-Q
November 15, 1999 Kilroy Realty Corp. (NYSE:KRC) has filed a Form 10-Q with the SEC.
Kranzco Realty Trust 3rd-Qtr FFO $0.44/shr vs $0.50/shr
November 15, 1999 3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $4.6 mln$5.2 mln $15.3 mln $15.3 mln FFO/shr (diluted) $0.44 $0.50 $1.45 $1.47 Net Income $1.2 mln $1.9 mln $3.7 mln $5.4 mln Net/shr$0.11 $0.19 $0.35 $0.52 Revenue$19.1 mln $17.3...
IRT Property Files 10-Q
November 15, 1999 IRT Property Co. (NYSE:IRT) has filed a Form 10-Q with the SEC.
NY Teachers Provides $130 Mln of Financing for Washington Building
November 15, 1999 New York State Teachers' Retirement System provided $130 million of fixed-rate financing for 1001 Pennsylvania in Washington.The 14-story building contains 712,000 square feet of office space and 43,000 sf of retail space. It is midway...
Chastain Capital Files 10-Q
November 15, 1999 Chastain Capital Corp. (NasdaqNM:CHAS) has filed a Form 10-Q with the SEC.
Friedman Billings Initiates Winston Hotels At Accumulate
November 15, 1999(NewsTraders.com) -- Winston Hotels Inc. (NYSE:WXH) received a hospitable welcome today in new coverage from Friedman Billings analyst Merrill Ross, who set his rating on the stock at "accumulate."Ross projected a target in the $9-to-$10 range,...
Redwood Trust Files 10-Q
November 15, 1999 Redwood Trust Inc. (NYSE:RWT) has filed a Form 10-Q with the SEC.
ProLogis Trust Files 10-Q
November 15, 1999 ProLogis Trust (NYSE:PLD) has filed a Form 10-Q with the SEC.
Southeast Regional Digest
November 15, 1999International Paper creates large office campus in MemphisMemphis Business Journal, November 15MEMPHIS, Tenn. – New York-based International Paper Company is creating a 363,000-square-foot office campus in Southeast Memphis. The company is investing $19.7-million to renovate a...
Moody’s Publishes Report on New CMBS Yardstick
November 15, 1999 Moody's has published "Gauging Economic Diversity in CMBS," a special report outlining the methodology and reasoning behind the adoption of a new yardstick in its analysis of commercial mortgage-backed securities.In addition to the usual data...
Franchise Finance Corp. of America Files 10-Q
November 15, 1999 Franchise Finance Corp. of America (NYSE:FFA) has filed a Form 10-Q with the SEC.
Canadian Digest
November 15, 1999 Thriftys to expandThe Globe and Mail, November 15TORONTO – Thriftys jeanswear stores hopes to double sales in the next few years by expanding its reach into Quebec and possibly the United States. The chain also...
Duke-Weeks Files to Offer $150 Mln of Senior, Unsecured Notes
November 15, 1999 The operating partnership affiliate of Duke-Weeks Realty Corp. (NYSE:DRE) has filed Form 424B5 Prospectus with the SEC. The prospectus is related to the proposed offering of $150 million of 7.75 percent senior unsecured notes.The partnership...
Cousins Properties Files 10-Q
November 15, 1999 Cousins Properties (NYSE:CUZ) has filed a Form 10-Q with the SEC.
American Health Pays $225/sf for San Diego Medical Offices
November 15, 1999 By Brad Berton, VertiNews.com Contributing EditorJust as it was merging into Health Care Property Investors (NYSE:HCP) earlier this month, American Health Properties Inc. paid about $20 million, or $225/sf, for an 89,000-square-foot medical office building...
Criimi Mae 3rd-Qtr Loss $0.33/shr vs $0.41/shr Profit
November 15, 1999 3rd-Qtr 993rd-Qtr 989-mos 999-mos 98Net Income (loss)($17.8 mln)$19.9 mln$13.7 mln$57.3 mlnNet/shr (loss)($0.33)$0.41$0.26$1.22Revenue$69.0 mln$71.9 mln$209.3 mln$175.3 mlnNote: Data reflects tax basis.
Glenborough Realty Trust Files 10-Q
November 15, 1999 Glenborough Realty Trust Inc. (NYSE:GLB) has filed a Form 10-Q with the SEC.
Tarragon Realty Raises $43.5 Mln of Financing on Apartments
November 15, 1999 NEW YORK – Tarragon Realty Investors Inc. (NASDAQ:TARR) received $43.5 million of mortgage financing for three Florida apartment complexes it developed in a venture with Rohdhouse Investments.ARCS Commercial Mortgage originated a $34 million mortgage through...
S&P Downgrades TriNet Debt
November 15, 1999 NEW YORK – Standard & Poor's has lowered its ratings on TriNet Corporate Realty Trust Inc. and removed it from CreditWatch where it was placed on June 16. TriNet merged with Starwood Financial Inc. (NYSE:SFI)S&P...
Apex Mortgage Capital Files 10-Q
November 15, 1999 Apex Mortgage Capital Inc. (NYSE:AXM) has filed a Form 10-Q with the SEC.
Criimi Mae Files 10-Q
November 15, 1999 Criimi Mae Inc. (NYSE:CMM) has filed Form 10-Q with the SEC.
Pacific Gulf Properties Files 10-Q
November 15, 1999 Pacific Gulf Properties Inc. (NYSE:PAG) has filed a Form 10-Q with the SEC.
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Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
