Subject: Earnings/Dividends (EARN)
Five-Story Medical-Office Building Under Construction in Houston
Houston Business Journal Construction is underway on a 116,500-square-foot medical-office building in Houston. Healthpeak Properties Inc. is developing the five-story property at 7500 Fannin St. It already is 36 percent preleased and will include a parking garage that's being built ...
LaSalle Hotel Sees 22.6 Percent RevPAR Drop in 2Q
LaSalle Hotel Properties, an owner of upscale hotels, saw revenue per available room at its 31 properties decline by 22.6 percent to $134.15 in the second quarter from a year ago.That RevPAR drop is on top of an 11.8 percent ...
Centro Sold Properties for 3.6 Percent Less than Carrying Value
Commercial Real Estate Direct Staff ReportCentro Properties Group, the embattled Australian property trust that late last year gave its lenders equity in the company in a massive recapitalization, said it sold 48 properties in the United States since last July ...
Blackstone Writes Down Real Estate By 19 Percent in 1Q
Commercial Real Estate Direct Staff ReportBlackstone Group reported a loss of $211.9 million from its real estate operation during the first quarter, driven largely by a decline in the value of many of its investments.The giant investment manager wrote down ...
Interstate Hotels Sees 19.1 Percent Drop in RevPAR
Interstate Hotels & Resorts has reported that revenue per available room declined 19.1 percent in the first quarter, to $74.25.The RevPAR decline was led by Interstate's full-service hotels, which saw a 19.7 percent drop to $84.94. Its select-service properties fell ...
LaSalle Hotel Sees 11.8 Percent Drop in 1Q RevPAR
LaSalle Hotel Properties, which owns 31 upscale hotels with 8,500 rooms, saw revenue per available room fall by 11.8 percent to $104.01 in the first quarter from a year earlier.Occupancy at its properties was 60.4 percent compared with 64.8 percent ...
IStar Increases Cash Position to $1.4Bln
Commercial Real Estate Direct Staff Report IStar Financial Inc. said it has increased its cash position to $1.4 billion, from roughly $1 billion at the end of the first quarter, as it positions itself to take advantage of the attractive ...
Anthracite Raises $75Mln from Sale of Preferred Stock
Anthracite Capital Inc. has raised $75 million through a private placement of preferred securities that pay an initial coupon of 7.497 percent. Anthracite, an active player in the CMBS B-piece market, said it would use proceeds of the offering to ...
JLL to Cut 300 Employees
January 3, 2003 Jones Lang LaSalle Inc. (NYSE:JLL) plans to reduce staffing by 300 employees, or 4 percent of its workforce."This reduction in work force is a prudent measure in response to continued economic weakness in key global markets," said ...
AvalonBay Expects Mixed Results for 2002
October 8, 2002 Alexandria, Va.-based AvalonBay Communities (NYSE:AVB) expects earnings of $2.27 to $2.32/share for 2002 – higher than the $1.94/share predicted by analysts.The higher-than-expected results are due to proceeds from an apartment complex that should sell this quarter.But the ...
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