Berg mentioned the possibility of a sale looming in February.

CUPERTINO, CA-Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a post teasing the announcement, but GlobeSt.com has learned that in one of the bigger deals of the year, Mission West Properties Inc. has completed the transactions to dispose of all of its real estate assets for an enterprise value of approximately $1.3 billion.

Mission West sold certain of its real estate assets to a joint venture entity sponsored by affiliates of Divco West and TPG Real Estate in exchange for approximately $400 million in cash and $398 million in assumed mortgage debts and other obligations, as adjusted for certain closing costs, escrows and other items. GlobeSt.com first reported on the deal in early November, but it had been rumored for some time. GlobeSt.com previously reported that a sale was looming for the company as chairman and CEO, Carl E. Berg, mentioned in February. According to a previous GlobeSt.com article, over the course of this year, the company conducted a broad-based marketing effort with the assistance of various third party advisors, according to Berg.

In addition, Mission West completed a separate transaction with certain operating partnerships in which the operating partnerships retained certain assets and liabilities with an approximate net value of $525 million. Limited partners who did not convert their ownership interests into common stock of the company retained ownership interests in those operating partnerships, according to a prepared statement. Mission West then withdrew as the general partner of each of the operating partnerships and with respect to any limited partnership interests it held in the operating partnerships.

The board of directors has declared Dec. 28, 2012, as the record date for all common stockholders to automatically become the holder of one unit of beneficial interest in a liquidating trust to be established by Mission West for each share of the company’s common stock on a 1:1 basis. All cash, other assets and remaining liabilities of the company are expected to be transferred to the liquidating trust on Dec. 28, 2012.

The board anticipates the initial distribution from the liquidating trust will be completed on or before Jan. 15, 2013.

Article source: http://www.globest.com/news/12_508/sanfrancisco/acquisitions_dispositions/Mission-West-Completes-13B-Sale-328326.html

This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements are based on KRC’s current expectations,
beliefs and assumptions, and are not guarantees of future performance.
Forward-looking statements are inherently subject to uncertainties,
risks, changes in circumstances, trends and factors that are difficult
to predict, many of which are outside of KRC’s control. Accordingly,
actual performance, results and events may vary materially from those
indicated in the forward-looking statements, and you should not rely on
the forward-looking statements as predictions of future performance,
results or outcomes. Numerous factors could cause actual future events
to differ materially from those indicated in the forward-looking
statements, including, among others: risks associated with KRC’s
investment in real estate assets, which are illiquid, and with trends in
the real estate industry; the availability of cash for distribution and
debt service and exposure of risk of default under KRC’s debt
obligations; significant competition, which may decrease the occupancy
and rental rates of properties; the ability to successfully complete
acquisitions and dispositions on announced terms; the ability to
successfully operate acquired properties; and the ability to
successfully complete development and redevelopment properties on
schedule and within budgeted amounts. The factors included in this press
release are not exhaustive and additional factors could adversely affect
KRC’s business and financial performance. For a discussion of additional
risk factors, see the factors included under the caption “Risk Factors”
in KRC’s Annual Report on Form 10-K for the year ended December 31,
2011, and KRC’s other filings with the Securities and Exchange
Commission. All forward-looking statements are based on currently
available information and speak only as of the date on which they are
made. KRC assumes no obligation to update any forward-looking statement
made in this press release that becomes untrue because of subsequent
events, new information or otherwise, except to the extent it is
required to do so in connection with its ongoing requirements under
Federal securities laws.

Kilroy Realty Corporation, a member of the SP Small Cap 600 Index, is a
real estate investment trust active in the office and industrial
submarkets along the West Coast. For over 60 years, KRC has owned,
developed, acquired and managed real estate assets, consisting primarily
of Class A real estate properties in the coastal regions of Los Angeles,
Orange County, San Diego County, the San Francisco Bay Area and greater
Seattle. At December 31, 2011, KRC owned approximately 11.4 million
rentable square feet of commercial office space and 3.4 million rentable
square feet of industrial space.

Article source: http://eon.businesswire.com/news/eon/20120214006284/en

RREEF Real Estate will sell the buildings to PS Business Parks Inc., a real estate investment trust based in Glendale, California, Deutsche Bank said in a statement yesterday. PSB will assume $250 million of debt as part of the transaction.

Rents and occupancy in San Francisco and the Silicon Valley area are rising on demand from technology firms. Google Inc. and Apple Inc. combined have leased almost 4 million square feet (372,000 square meters) this year, according to San Jose-based broker Cassidy Turley.

“The combination of strong demand and limited availability of core real estate assets in the San Francisco Bay Area has resulted in attractive pricing,” Brian McAuliffe, head of Americas transactions at RREEF Real Estate, said in a statement.

Of the buildings being sold, 45 percent are warehouses and the rest can be used for either offices or warehouses. The portfolio includes 26 projects and more than 5.3 million square feet of space. The properties were 82 percent leased as of December 2011.

“This portfolio acquisition significantly enhances PSB’s presence in Northern California, providing a strong concentration of parks in markets that are poised for continued recovery,” Joseph D. Russell Jr., president and chief executive officer of PS Business Parks, said in a separate statement.

Following the purchase, the company will own 7.2 million square feet of multi-tenant industrial and multi-use space in 30 business parks in Northern California, making up about 26 percent of its properties.

RREEF Real Estate had $58.5 billion in assets under management as of Sept. 30.

–Editors: Andreea Papuc, Linus Chua.

Article source: http://news.businessweek.com/article.asp?documentKey=1376-LWJ9WK0D9L3501-34G45AJ05ICO9D2LS6CBMC7OIO

Kilroy Realty Corporation (NYSE:KRC) went up 0.42%, to close at $40.17 and its overall traded volume was 698,530.00 shares in the last trading session. KRC opened at $40.12 and is trading within the range of $39.81-$40.29. The 52-week range of the stock is $27.21 – $42.41. KRC’s market capitalization is $2.35B and it has 58.46M outstanding shares.Kilroy Realty Corporationis a self-administered real estate investment trust (REIT) engaged in office and industrial submarkets along the West Coast. The Company owns, develops, acquires and manages primarily Class A real estate assets in the coastal regions of Los Angeles, Orange County, San Diego, greater Seattle and the San Francisco Bay Area. As of December 31, 2010, its stabilized portfolio consisted of the office buildings (the Office Properties) and industrial buildings (the Industrial Properties). As of December 31, 2010, all but one of its properties was located in California. The Company owns its interests in all of its Office Properties and Industrial Properties through the Kilroy Realty, L.P. (Operating Partnership) and Kilroy Realty Finance Partnership, L.P. (the Finance Partnership). During the year ended December 31, 2010, it acquired 2385 Northside Drive San Diego, CA, 303 Second Street San Francisco, CA and 999 Town Country Orange, CA.

Kayne Anderson Energy Total Return Fund (NYSE:KYE) percentage change dropped -0.91%, to close at $28.45 and its overall traded volume was 94,752.00 shares in the last trading session. KYE opened at $28.67 and is trading within the range of $28.37-$28.77. The stock has a 52 week range of $20.70 – $31.99. At current market price, the market capitalization of the company stands at $981.30M and it has 34.49M outstanding shares.Kayne Anderson Energy Total Return Fund, Inc. (the Fund) is a non-diversified, closed-end fund. The Fund’s investment objective is to obtain a high total return with an emphasis on current income by investing primarily in securities of companies engaged in the energy industry. The Fund’s investments include master limited partnerships (MLPs) and limited liability companies taxed as partnerships MLP affiliates, the United States and Canadian royalty trusts and income trusts (collectively, royalty trusts), marine transportation companies, and other companies that derive at least 50% of their revenues from operating assets used in, or providing energy-related services for, the exploration, development, production, gathering, transportation, processing, storing, refining, distribution, mining or marketing of natural gas, natural gas liquids, crude oil, refined petroleum products or coal. The Fund’s investment advisor is KA Fund Advisors, LLC.

Lydall, Inc. (NYSE:LDL) fell -2.76%, to close at $10.55 and its overall traded volume was 48,910.00 shares in the last trading session. LDL opened at $10.88 and is trading within the range of $10.54-$11.18. The 52-week range of the stock is $6.51 – $11.39. The market capitalization of the company stands at $180.98M and it has 17.15M outstanding shares.Lydall, Inc. (Lydall) together with its subsidiaries, designs and manufactures specialty engineered filtration media, industrial thermal insulating solutions, automotive thermal and acoustical barriers, temperature-control equipment, medical filtration media and devices, and biopharmaceutical processing components for demanding thermal/acoustical, filtration/separation and bio/medical applications. The Company operates in two segments: Performance Materials and Thermal/Acoustical. The Thermal/Acoustical segment includes the operations of Lydall’s automotive businesses. The Performance Materials segment includes the operations of the filtration and industrial thermal insulation businesses. All other businesses are included in other products and services (OPS). In July 2010, Lydall, Inc. sold its electrical papers product line targeted for the transformer industry, and licensed certain related manufacturing technologies, to WEIDMANN Electrical Technology, Inc.

Alliant Energy Corporation (NYSE:LNT) slid -0.61%, to close at $40.74 and its overall traded volume was 808,366.00 shares in the last trading session. LNT shares were trading within the range of $40.49-$41.14 while its opening price was $41.12. The 52-week range of the stock is $30.40 – $41.14. The market capitalization of the company stands at $4.52B and it has 110.94M outstanding shares.Alliant Energy Corporation (Alliant Energy) operates as a regulated investor-owned public utility holding company. The Company focuses to provide regulated electricity and natural gas service to approximately one million electric and approximately 412,000 natural gas customers in the Midwest through its two public utility subsidiaries. The subsidiaries of the Company include Iowa Railway and Light Corporation (IPL), Eastern Wisconsin Electric Company (WPL), Alliant Energy Resources, LLC (Resources) and Alliant Energy Corporate Services, Inc. (Corporate Services). IPL is a public utility engaged principally in the generation and distribution of electric energy and the distribution and transportation of natural gas in selective markets in Iowa and southern Minnesota. WPL is a public utility engaged principally in the generation and distribution of electric energy and the distribution and transportation of natural gas in selective markets in southern and central Wisconsin.

MFA Financial, Inc. (NYSE:MFA) percentage change fell -0.73%, to close at $8.16 and its overall traded volume was 2.14M shares in the last trading session. MFA opened at $8.24 and is trading within the range of $8.15-$8.24. The stock has a 52 week low of $6.79 and 52 week high of $8.64. The market capitalization of the company stands at $2.91B and it has 356.06M outstanding shares.MFA Financial, Inc. is engaged in the business of investing, on a leveraged basis, in residential Agency and Non-Agency mortgage-backed securities (MBS). It generates net income for distribution to its stockholders resulting from the difference between the interest and other income it earns on its investments and the interest expense it pays on the borrowings, which it uses to finance its leveraged investments and its operating costs.

Posted by Tom Walsh
on May 16 2011. Filed under Stocks.
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Article source: http://acovi.com/pf-triple-top-breakout-krc-kye-ldl-lnt-mfa/225173/

Most property owners and managers wish they knew what was going on at their property at all hours of the day and night, but the reality is that they don’t. Some multi-family properties have issues with unauthorized dumping and trash disposal, vandalism, noise, domestic disputes, crime, burglary, drug dealing, and loitering. These problems can happen even in the best of locations. Even with video surveillance systems and paid security services, which can be very expensive, problems will still arise. Bay Area property management firm Fast Forward Property Management says that there is a free solution that can be very effective in monitoring property and reducing unwanted issues that come with managing real estate assets: building an informant network.

“Encouraging residents to report suspicious activities, as well as maintenance issues around the property and in their home, will allow you to effectively have informants working for you night and day around your property,” says Fast Forward, drawing from their wealth of experience with property management in Sacramento and the Bay Area. “Neighbors who live near the property are also often happy to help by calling a property owner when they see problems that may affect their neighborhood.”

Multi-family properties have eyes and ears everywhere, but many people are reluctant to call when they see problems. Some tenants have been unintentionally conditioned to not call the owner or manager with problems unless it is an absolute necessity. Many residents are worried that if they report something that needs repair, they will be pegged as a “troublemaker” and subject to retaliation like increased rent. Many have been conditioned to look the other way when they see suspicious activities.

It might sound like opening a can of worms to invite residents and neighbors to call with issues, but this is a chance worth taking. It can be refreshing to a resident to be encouraged to have contact with owners and managers. “The best way to proceed is to specifically select responsible residents who have had good tenure at the property, and personally invite them to keep you informed of any issues they see so that the property can continue to be a great place to live,” recommends Fast Forward Property Management of San Jose. Retired people or stay-at-home moms can be particularly valuable because they spend more time at home.

Many of the same tactics work with single family home rentals. Owners can canvass the neighborhood and meet neighbors to exchange phone numbers. When approaching neighbors in the surrounding community, Fast Forward encourages property owners to tell them, “I own (or manage) the apartments (near to where you live). May I give you my number in case you ever have any issues with our residents or see any suspicious activities? I am committed to doing my part to keeping this neighborhood a nice place to live.” Most people want to live in a good neighborhood and are happy to call a rental owner when they see a home that has an overgrown yard, abandoned vehicles, drug issues, too many residents living there, unauthorized animals, or a host of other issues.

The Santa Rosa property management experts at Fast Forward say that increasing the number of eyes and ears looking out for the property can be an asset. The great thing is that many people are eager to help, and it does not cost money. While it may be impossible to know everything that happens in every corner of a property at all times, having eyes on the inside will help reduce many of the problems that arise in the property management business.

For more information about building an informant network, property management, and other services provided by Fast Forward Property Management, visit them on the web at www.FastForwardPM.com or call them at (877) 388-0998.

About Fast Forward Property Management

Fast Forward Property Management is a property management firm in the San Francisco Bay Area that specializes in managing apartment buildings, HOA, and commercial properties. The staff at Fast Forward Property Management has over 40 years experience in rental management. They offer the Greater Bay Area communities of Sacramento, San Francisco, San Jose, Santa Rosa, and Sonoma County property management services.

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For the original version on PRWeb visit: www.prweb.com/releases/prwebSonoma-County/property-management/prweb8195350.htm

Article source: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/03/10/prweb8195350.DTL