Boston Properties Inc. and SL Green Realty Corp. reported stronger-than-expected quarterly earnings, a sign that the nation's largest office landlords have been able to boost revenue despite tepid job growth.
Boston Properties, which owns office buildings in New York, San Francisco and Boston, reported late Tuesday that fourth-quarter funds from operations, a key profit metric, was $1.21 a share, two cents higher than analysts projected.
Meantime, SL Green, Manhattan's largest office-building owner, reported late Monday that funds from operations rose to $1.02 a share in the fourth quarter, up from 97 cents in the same period last year and $1.01 in the third quarter. Analysts had projected per-share funds from operations of $1 for the fourth quarter.
http://online.wsj.com/article/SB10001424052970203920204577195423949341502.html
Showing posts with label Two. Show all posts
Showing posts with label Two. Show all posts
Thursday, February 2, 2012
Wednesday, January 19, 2011
Two Net Lease Facilities Acquired for $52.4M
Corporate Property Associates 17 - Global Incorporated has acquired two cold storage facilities, one each in Unadilla, Georgia and Rincon, Georgia, totalling approximately 497,002 square feet.
The company purchased the facilities from Flint River Services, Inc. and entered into a net lease agreement for the same with Flint River Services, LLC, an affiliate of Bay Grove Capital, LLC.
The total cost of acquiring the facilities, including estimated acquisition fees and expenses, was approximately $52.4 million.
The facilities are leased to Flint River under a net lease. The lease has an initial term of 20 years and provides for three ten-year renewal options. http://atlantarealestate.citybizlist.com/3/2011/1/18/Two-Georgia-Cold-Storage-Facilities-Acquired-for-52.4M.aspx
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