November 11, 1999 3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $8.5 mln$7.8 mln $25.1 mln $21.9 mln FFO/shr (diluted) $0.65 $0.59 $1.93 $1.69 Net Income $4.7 mln $4.7 mln $13.8 mln $14.2 mln Net/shr$0.31 $0.35 $0.98 $1.08 Revenue$14.1 mln $12...
November 11, 1999 SAN ANTONIO – Kennedy-Wilson Inc. (NASDAQ:KWIC) has teamed up with ING Realty Partners to buy 10010 San Pedro Ave., a 140,750-square-foot office building in San Antonio.Terms of the purchase were not disclosed.The acquisition comes on...
November 11, 1999 3rd-Qtr 999-mos 99FFO $66.2 mln$205 mln FFO/shr (diluted) $0.56 $1.79 Net Income $46 mln $79.5 mln Net/shr$0.39 $0.69 Revenue$75 mln $220.8 mln Shrs outst.119.5 mln 115.9 mln
November 11, 1999 3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $324.5 mln($73.8) $915 mln $229 mln FFO/shr (diluted) $0.16 ($0.05) $0.52 $0.15 Net Income (Loss) $30.6 mln ($310.6 mln) $133.3 mln ($302.5 mln) Net (Loss)/shr$0.02 ($0.19) $0.08 ($0.20) Revenue$1.7 mln...
November 11, 1999 By Orest Mandzy, VertiNews.com Managing EditorThe Witkoff Group and Credit Suisse First Boston recovered $128 million, or nearly $225/sf, for 33 Maiden Lane, an office building they have sold to BBVI, a German mutual fund.The...
November 11, 1999 3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $40.9 mln$30.9 mln $118.4 mln $80.7 mln FFO/shr (diluted) $0.67 $0.57 $1.94 $1.68 Extra Gain (Loss) ($0.03 mln) ($2.3 mln) ($1 mln) ($2.4 mln) Net Income $9.1 mln $4.6 mln...
November 10, 1999 By Keith Regan, VertiNews.com Correspondent For the third straight quarter, office space in downtown Boston is attracting the highest per-foot rents in the country, according to a survey that is to be released later this...
November 10, 1999 (NewsTraders.com) -- Shares of Amresco (NASDAQ:AMMB) were demoted to "accumulate" from "buy" today by Friedman Billings Ramsey analyst Merrill Ross, who cited a third-quarter loss and perceived risks in the stock as the catalysts for...
November 10, 1999 Western Properties Trust (AMEX:WIR) has filed a Form 10-Q with the SEC.
November 10, 1999 3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $62.3 mln$62.2 mln $188.4 mln $165.3 mln FFO/shr (diluted) $0.44 $0.44 $1.32 $1.30 Extra Gain (Loss) ($21.7 mln) – ($21.7 mln) ($2.1 mln) Net Income $15.5 mln $40.1 mln $100.9...
November 10, 1999 TriNet Corporate Realty Trust Inc. (NYSE:TRI) has filed a Form 8-K with the SEC.
November 10, 1999 Realty Income Corp. (NYSE:O) has filed a Form S-8 POS (Registration Statement) with the SEC. The filing refers to the company's employee stock option and incentive plan.
November 10, 1999 (NewsTraders.com) -- PaineWebber issued a number of changes to its investment ratings today, beginning with analysts Jonathan Litt and Paul Morgan upgrading real estate investment trust Simon Property Group (NYSE:SPG) to "buy" from "attractive," commenting...
November 10, 1999Midtown block again the focus of retail-office-apartment planAtlanta Journal-Constitution, November 10ATLANTA – Post Properties and Dewberry Capital are picking up the project that Sembler Co. recently abandoned at a prime Midtown block across Peachtree Street from...
November 10, 1999 (NewsTraders.com) -- After beating Wall Street's third-quarter earnings estimates, Trammell Crow Co. (NYSE:TCC) was dealt downgrades today from Goldman Sachs and Donaldson Lufkin & Jenrette, according to a market source.Goldman cut the commercial realtor to...
November 10, 1999 Tax credits lure ProcyonMontreal Gazette, November 10MONTREAL – Drawn by the promise of tax credits and research facilities, Procyon Biopharma Inc., a biotechnology-research company, is transferring its operations from London, Ont., and Boston to Montreal....
November 10, 1999 3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO $12.9 mln$11 mln $37.7 mln $29.4 mlnFFO/shr (diluted) $0.58 $0.52 $1.71 $1.55 Net Income $8 mln $7.4 mln $23.9 mln $18.9 mln Net/shr$0.38 $0.35 $1.13 $1.00 Revenue$25.4 mln $20.2 mln...
November 10, 1999 The office market is currently in the Goldilocks phase of the real estate cycle: not too hot, not too cold, it's just right. The ongoing challenge will be to keep the market in equilibrium, by...
November 10, 1999 3rd-Qtr 99(Pro Forma)3rd-Qtr 98(Pro Forma)9-mos 99(Pro Forma)9-mos 98(Pro Forma)FFO $17.6 mln$16.7 mln $53 mln $50 mln FFO/shr (diluted) $0.68 $0.64 $2.04 $1.92 Net Income $12.1 mln $12.1 mln$36.2 mln $36.4 mln Net/shr$0.47$0.47 $1.39 $1.40 Revenue$22.6...
November 10, 1999Equity Inns Inc. (NYSE: ENN) has filed a Form 10-Q (Quarterly Report) with the SEC.
November 10, 1999 LOS ANGELES – CB Richard Ellis (NYSE:CBG)has been hired to market 17 Los Angeles Department of Water and Power properties in Los Angeles County. The properties available for sale can be viewed on the firm's...
November 10, 1999 Mack-Cali Realty Corp. (NYSE: CLI) has filed a Form 4 (Statement of Changes of BeneficialOwnership) with the SEC.
November 10, 1999 By Morris Newman, VertiNews.com CorrespondentNEWPORT BEACH, Calif. – Wattson Breevast of Newport Beach, through its affiliate Park MacArthur Associates, bought an 80,000-square-foot office complex in the John Wayne Airport area.A sales price was not disclosed,...
November 10, 1999 Macerich Co. (NYSE:MAC) has filed a Form 8-K with the SEC.
November 10, 1999 PALO ALTO, Calif. – Essex Property Trust Inc. (NYSE:ESS) has formed a joint venture with an institutional investor and Boston Financial to buy Coronado at Newport-South, a 715-unit apartment complex in Newport Beach, Calif.The venture,...
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