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ORANGE COUNTY, CA-Health Care Property Investors reports increased earnings for the third quarter of the year, despite a $2-million write-off on an assisted-living company.<p>
CHICAGO-The area's largest industrial developer reports 3Q FFO jumped 13%, slightly beating expectations. Analysts expect CenterPoint will continue to report FFO growth double that of the average industrial REIT. Size does not matter, the CEO says.
DENVER-Electronic applications for commercial real estate loans have taken an eight-month-old company past the $1.4 billion mark for its September transactions. It is the second time since the firm was formed that transactions have surpassed $1 billion for the month.
HARRISON, NY-American Express Financial Advisors has signed a lease for an additional 3,737 sf of space at 500 Mamaroneck Ave., in Harrsion, bringing its total commitment at the property to nearly 24,000 sf.
LINCOLN COUNTY, NC-Fitch, an international rating and research agency, has assigned an AA rating to Lincoln County's $7.5 million general obligation bonds.
BEND, OR-The privately-held scientific research and development firm is spending more than $13 million to create a new facility dedicated to producing clinical-trial drugs for its longtime pharmaceutical client Pfizer, which merged with Warner-Lambert Company in June.
ARLINGTON, VA-The National Rural Electric Cooperative Association plans to break ground soon on an 11-story office building in Arlington. Work on the 235,000-sf project, dubbed the Ellipse, is scheduled for the end of the first quarter in 2001.
MACON, GA-After increasing occupancy by nearly 30%, Ocwen Federal Bank is unloading Highridge Centre, a four-story, 195,252-sf asset just off Interstate 75.