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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.
SEATTLE-The proposal is intended to make it easier for the city to punish owners who raise rents or send eviction notices to renters who complain about apartment conditions. Owners fear it would limit their ability to evict bad tenants and penalize silent partners who have no knowledge of a violation.
DALLAS-The times are a' changing or at least the roles are as Trammell Crow Co., Crescent Real Estate Equities Co. and Wyndham International Inc. all announce internal management shifts this week.