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Topic: Catellus


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  JS Online: Catellus a 'REIT on steroids'
Catellus Development Corp., San Francisco, is a diversified real estate operating company that develops, manages and owns a variety of industrial, residential, retail and major mixed-use projects.
Catellus, which was spin off by Santa Fe Railroad in 1990, is one of the largest landholders in California.
Catellus earns double-digit returns from rental income, and sees its earnings stream grow 3% to 4% a year because of increases built into its leases.
www.jsonline.com /bym/invest/mar01/gallcol11031001a.asp?format=print   (872 words)

  
 Realty Times: Catellus Gets Green Light for $4B Landmark Development
Catellus' (NYSE:CDX) Mission Bay is anchored by a new "research park" campus for the University of California at San Francisco and a new baseball stadium for the San Francisco Giants, Pacific Bell Park.
The development, which is being spearheaded by Catellus, will feature joint ventures with a number of smaller REITs, as well as co-development of the UCSF campus with the State of California.
Catellus is a diversified real estate company with one of the largest portfolios of developable land in the western United States.
realtytimes.com /printrtpages/19981028_catellus.htm   (687 words)

  
 The Timeshare Beat: S&P Afms Catellus Developmt Corp `BB' Rtg
The rating acknowledges the stability of the cash flow generated from Catellus' increasingly diversified and growing operating portfolio, although ratings are also tempered by the inherent risks associated with a development-focused growth strategy, particularly at this weakening stage of the real estate cycle, and Catellus' more highly leveraged financial profile.
Catellus also pursues a limited amount of third-party development, but prefers the benefits of a build-and-hold strategy.
Catellus' financial strategy continues to rely upon the use of secured mortgage debt as the main form of financing.
www.thetimesharebeat.com /2002/fin/jan/0108-05fn.htm   (787 words)

  
 Catellus wins Mueller Airport contract - News   (Site not responding. Last check: 2007-11-06)
Catellus Development Corp. beat the local Mueller Redevelopment Team Ltd. for the job of turning the 709-acre lot into a sustainable, mixed-use neighborhood in East Austin.
Catellus representatives stressed that they are committed to the principles laid out in the master plan.
Catellus has recommended the amount of office space be reduced by about 20 percent, a suggestion they feel makes the community more economically viable.
www.dailytexanonline.com /news/2002/04/12/News/Catellus.Wins.Mueller.Airport.Contract-502237.shtml   (511 words)

  
 [CTRL] The Octopus Reborn?
Catellus is the second largest private landholder in the western United States with 817,000 acres in California alone.
Catellus has also been very active in a number of land swaps, where it exchanged mostly worthless rural properties for prime development land within urban areas, or for land directly adjacent to planned freeways.
Catellus is headed by chairman/ CEO Nelson Rising, a big-time developer formerly with McGuire-Thomas.
www.mail-archive.com /ctrl@listserv.aol.com/msg110550.html   (2906 words)

  
 Catellus profits as REIT / The developer changes as it transforms Mission Bay
Catellus reported quarterly earnings of $35.3 million (34 cents per share) compared with $19.3 million (19 cents) in the same period last year.
Catellus is in contract with Canadian developer Bosa to sell land for 388 residential units south of the channel, Rising said.
Catellus is also in contract on a deal with Canadian firm Bosa Development, which would build 388 units along Third Street near the UCSF campus.
www.sfgate.com /cgi-bin/article.cgi?f=/c/a/2004/07/31/BUG1C80B3L1.DTL   (741 words)

  
 San Francisco Building and Construction Trades Council - Organized Labor: Catellus starts Mission Bay
Catellus has entered into a general agreement with the San Francisco Redevelopment Agency to provide roughly 15 acres of land for the construction of non-profit housing with 3 acres north of Channel Street and 12.2 acres in the south plan area.
Catellus has promised the City and community-based organizations that the workforce for both permanent and construction employment would meet city standards for employing local residents and minority workers.
Catellus has entered into an agreement with the Redevelopment Agency to use San Francisco¹s First Source Hiring Program for recruiting disadvantaged residents for employment in both construction and permanent jobs, and has already contributed $1.5 million of the $3 million they have promised to pay.
www.sfbctc.org /catellus.htm   (1153 words)

  
 Investor's Business Daily: Breaking News
Catellus will release financial results for the first quarter of 2004 on Thursday, April 29, 2004, after the close of the day's trading on the New York Stock Exchange.
Catellus Development Corporation is a publicly traded real estate development company that began operating as a real estate investment trust effective January 1, 2004.
Catellus' principal objective is sustainable, long-term growth in earnings, which it seeks to achieve by applying its strategic resources: a lower-risk/higher- return rental portfolio, a focus on expanding that portfolio through development, and the deployment of its proven land development skills to select opportunities where it can generate profits to recycle back into its business.
www.investors.com /breakingnews.asp?journalid=20622017&rb=1   (464 words)

  
 Stirling, Catellus near deal   (Site not responding. Last check: 2007-11-06)
Catellus was the real estate arm for Santa Fe Pacific Railroads before becoming its own publicly traded company in 1990.
It was under that association that Catellus became one of the largest landowners and developers in California.
Catellus could fill the role of an on-site vertical developer, which would try to get new companies to come to the airport and construct and finance buildings.
www.vvdailypress.com /cgi-bin/newspro/viewnews.cgi?newsid1021651548,89314,   (411 words)

  
 Catellus Announces Preliminary Results of Stockholder Elections - Forbes.com   (Site not responding. Last check: 2007-11-06)
Catellus stockholders were permitted to make elections as to whether they would receive either $33.81 in cash, without interest, or 0.822 of a ProLogis common share for every share of Catellus common stock owned.
Non-Elections: Catellus stockholders who did not make a valid election or who did not indicate a preference as to the form of merger consideration are expected to receive $33.81 in cash, without interest, for each of their shares of Catellus common stock.
ProLogis and Catellus and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of ProLogis and Catellus in connection with the merger.
www.forbes.com /feeds/prnewswire/2005/09/14/prnewswire200509140700PR_NEWS_B_WES_LA_LAW053.html   (1146 words)

  
 Press Release-August 18, 1999
Catellus is the master developer of the former Alameda Naval Air Station, a $28-million, 143-acre business and residential park development in Alameda, Calif.
Catellus Development Corporation (NYSE: CDX) is a diversified real estate development company which develops, manages and invests in real estate properties nationwide.
Catellus' portfolio has more than 21 million square feet of buildings, four million square feet of buildings under construction, 14,000 acres of land leases, interests in a variety of joint ventures, and 732,000 acres of land.
www.glenview.il.us /Glen/events/81899.asp   (1025 words)

  
 Insight on the News: Grab for rich gold lands in the California desert - Catellus Development Corp. and Sen. Dianne ...
The two largest holdings are Catellus' nearly 400,000 acres and an additional 260,000 acres in "school lands," which fall under the jurisdiction of the California State Land Commission and are set aside for the benefit of the California Teachers' Retirement System.
Catellus was founded in the late eighties after being spun off by Santa Fe Pacific, whose principal stockholder at the time was Olympia and York, the huge Canadian-based conglomerate.
Catellus was launched later as a separate real-estate arm of the Canadian conglomerate and took over management of 335,000 acres of desert land that had been given to Santa Fe Pacific by the U.S. government at the time of the construction of the transcontinental railroad.
www.findarticles.com /p/articles/mi_m1571/is_n12_v12/ai_18134542   (1398 words)

  
 Investor's Business Daily: Breaking News
Catellus expects the debt financing to be fully repaid in less than three years.
Under the agreement, Catellus is entitled to approximately $37 million in base development management fees over a ten-year period, with timing based on revenues generated and expenses incurred.
Catellus expects that the transaction will result in a slight increase in Core Segment FFO for 2004 due to development agreement fees and interest income from the debt financing, offset by less capitalized interest and general and administrative costs.
www.investors.com /breakingnews.asp?journalid=24123739   (1694 words)

  
 Mission Bay's last plots sold / Farallon buys prime S.F. parcels from Catellus Corp.
Catellus stands to generate about $36 million from debt financing, the company said.
Catellus will also be the fee developer on the Farallon parcels, and the sale agreement includes development and incentive fees worth as much as $78 million.
Catellus and Farallon have done business before on a mixed-use real estate project called Colorado Crossing in Austin, Texas.
www.sfgate.com /cgi-bin/article.cgi?file=/c/a/2004/11/24/BUG4FA0H581.DTL&type=printable   (522 words)

  
 AVISO, Inc.: Solutions: Catellus Development Group - FISC Project   (Site not responding. Last check: 2007-11-06)
San Francisco-based Catellus Development Corporation was selected by the City of Alameda to redevelopment 215 acres of former Navy property.
It increased the amount of affordable housing to be developed on the former Navy property, and addressed environmental concerns about reuse of the former Navy land.
Catellus recently held the "deconstruction' event to officially kick off the new beginning of the former Navy property.
www.avisoinc.com /solutions/cat-fisc.html   (282 words)

  
 Catellus Development upgraded to "buy" | newratings.com   (Site not responding. Last check: 2007-11-06)
Shares of Catellus Development Corporation, a US-based real estate investment trust primarily focused on industrial rental and developable land properties, are currently trading at $21.83.
According to Banc of America Securities’ research note published this morning, Catellus Development is well positioned to benefit from attractive fundamentals in its Southern California market in the near term.
Catellus Development is poised for robust rent growth in its Southern California portfolio in 2004-2005, Banc of America Securities says.
www.newratings.com /new2/beta/article_422646.html   (357 words)

  
 FindLaw - Purchase and Sale Agreement - Catellus Development Corp. and California Public Employees' Retirement System ...
Catellus is duly organized, validly existing ---------------- and in good standing under the laws of the State of Delaware.
Catellus has the requisite corporate power to ------------- enter into this Agreement and the transactions and agreements contemplated hereby and to carry out its obligations hereunder.
Catellus shall have performed and complied in ----------- all material respects with all agreements, covenants, obligations and conditions required by this Agreement to be performed or complied with by it.
contracts.corporate.findlaw.com /agreements/catellus/calpers.stock.2001.12.12.html   (1334 words)

  
 San Diego Metropolitan - Catellus Exits Downtown’s Dicey Office Market - March 2003
Catellus’ decision comes at a time when Downtown office tower projects — the last one opened in 1992 — are fighting for life.
The Catellus annual report projects 1.9 million square feet of office for the land surrounding the depot.
While Catellus was selling that property, it was starting construction elsewhere in the country on 1.1 million square feet of projects, a third of that office space.
www.sandiegometro.com /2003/mar/downtown.html   (2975 words)

  
 ProLogis to Acquire Catellus   (Site not responding. Last check: 2007-11-06)
Catellus, based in San Francisco, invests mostly in industrial properties located in California, Illinois, Texas, Colorado, Georgia and New Jersey.
Sixty-five percent of the Catellus shares will be exchanged for ProLogis stock, with the rest redeemed for cash.
For ProLogis' earnings, the acquisition is expected to add 3% to 5% to 2006 funds from operations, primarily reflecting the integration of Catellus' development operations into ProLogis' fund management business.
www.thestreet.com /markets/marketfeatures/10226617.html   (286 words)

  
 Sierra Club v. California Coastal Com. (Catellus Residential Group) (2003) [ Cal.App.4th ]   (Site not responding. Last check: 2007-11-06)
Because a portion of the Project was located in the coastal zone, Catellus was obliged to obtain permits from both the City and the Commission.
Catellus had designed the Project so that 29 of the 114 homeowners could reach their property through existing city streets.
The Sierra Club disregards the recommendations of the Commission and Catellus biologists and the survey contained in the EIR and instead points to other evidence in the record that it contends shows the Project area is an ESHA, relying primarily on its expert, Dr. Travis Longcore.
fsnews.findlaw.com /cases/ca/caapp4th/slip/2003/a100194.html   (8888 words)

  
 San Diego Metropolitan - Cover Story - January 2001
The company is betting that the timing is right to emerge from its years of dormancy and move ahead with construction of a mix of office and residential projects, in all 3.3 million square feet.
Catellus already is developing a high-tech structure in a 303-acre project it is building in the Mission Bay neighborhood of San Francisco.
Development is slated to occur on six city blocks north and south of Broadway, including five city blocks bounded by E Street on the south, Pacific Highway on the west, Ash Street on the north and the railroad right-of-way to the east.
www.sandiegometro.com /2001/jan/coverstory.html   (1116 words)

  
 ProLogis to buy Catellus in $3.6B deal - Boston.com - Business   (Site not responding. Last check: 2007-11-06)
Shareholders of San Francisco-based Catellus will have the choice of receiving either $33.81 in cash or 0.822 of a ProLogis common share for each Catellus share they own.
Shares of Catellus rose $3.75, or 13 percent, to close at $32.99 in Monday trading.
Ted Antenucci, president of Catellus Commercial Development, will be named as president of global development, ProLogis said.
www.boston.com /business/articles/2005/06/06/prologis_to_buy_reit_catellus_in_36b_deal   (343 words)

  
 Catellus Announces Second Quarter 2005 Results
Catellus Development Corporation (NYSE:CDX) will host a conference call on Friday, July 29, 2005, at 9:00 AM Pacific Time (10:00 AM Mountain, 11:00 AM Central, and Noon Eastern) to discuss second quarter results.
Catellus will release financial results for the second quarter on Thursday, July 28, 2005, after the close of the day's trading on the New York Stock Exchange.
The webcast replay will be available to July 29, 2006 (or if the merger under the definitive merger agreement between Catellus and ProLogis, which was announced on June 6, 2005, is completed, to the date the merger is completed), from the Investor Relations section of Catellus' website at www.catellus.com or at www.streetevents.com.
finance.lycos.com /qc/news/story.aspx?symbols=PRNEWS:100&story=200507290103_PRN__SFTH089   (1831 words)

  
 Catellus Declares Fourth Quarter Dividend and Reports REIT Conversion on Schedule   (Site not responding. Last check: 2007-11-06)
Additionally, Catellus Development Corporation announced the completion of the merger of affiliated entities as part of the restructuring of the company's business operations to allow the company to operate as a real estate investment trust, or REIT, effective January 1, 2004.
Catellus SubCo, Inc., which, concurrently with the merger, changed its name to Catellus Development Corporation, has become the publicly traded, New York Stock Exchange listed company in place of Old Catellus, and succeeds to and will continue to operate, directly or indirectly, the businesses of Old Catellus.
Catellus Development Corporation is a publicly traded real estate development company that owns and operates approximately 38.2 million square feet of predominantly industrial property in many of the country's major distribution centers and transportation corridors.
www.forrelease.com /D20031203/sfw114.P1.12032003175537.14227.html   (399 words)

  
 Serrano sold to Catellus   (Site not responding. Last check: 2007-11-06)
Catellus Development Corp., a San Francisco-based real estate giant, bought a two-thirds stake in the massive Serrano El Dorado community in El Dorado Hills.
Catellus -- which owns, develops and manages commercial and residential properties -- is one of the largest holders of developable land in the West.
Catellus also has a massive project called Mission Bay ¦ that includes thousands of homes and millions of square feet of office and retail space ¦ adjacent to the under-construction San Francisco Giants baseball stadium in China Basin.
www.mtdemocrat.com /news/serranosold093098.shtml   (515 words)

  
 Comments on Catellus EIR - Public Service Impacts
The reverse Robin Hood effect is one of the significant impacts of the Catellus Mixed-use Development that was not adequately analyzed in the Project EIR.
The Catellus project is likely to cause a large reduction in police and fire services for Alameda neighborhoods because the project’s property taxes will not be used to pay for police and fire services that the project will need.
None of the property taxes paid by the Catellus Project will be available to meet these needs because The Catellus Project sits in two redevelopment areas, which means that Catellus property taxes will pay redevelopment costs for the next 30 years instead of paying for services.
www.toxicspot.com /brownfields/catellus/eir_services.html   (1087 words)

  
 Los Angeles Business Journal: Rising going north to San Francisco as Catellus president - real estate developer Nelson ...
Catellus needs that to continue developing its extensive land holdings, which created a strong mutual attraction between the company and Rising.
Catellus' "asset base is extraordinary," and the firm's California development sites in particular "are extremely well positioned" to prosper as the state's economy recovers, Rising said in a post-board-meeting phone interview from Catellus headquarters last week.
Catellus owns 905,000 acres of land in 10 states, including 4,400 mostly entitled acres in prime California urban and suburban areas.
www.findarticles.com /p/articles/mi_m5072/is_n30_v16/ai_15676871   (971 words)

  
 Business Wire : Catellus Earnings Before Depreciation and Deferred Taxes Up 24% for the Year 2000; the Company Expects ...   (Site not responding. Last check: 2007-11-06)
Current Article: Catellus Earnings Before Depreciation and Deferred Taxes Up 24% for the Year 2000; the Company Expects Continued Growth in EBDDT During 2001.
Catellus Earnings Before Depreciation and Deferred Taxes Up 24% for the Year 2000; the Company Expects Continued Growth in EBDDT During 2001.
Catellus Development Corporation (NYSE:CDX) today reported results for the fourth quarter and year ended December 31, 2000.
static.elibrary.com /b/businesswire/february142001/catellusearningsbeforedepreciationanddeferredtaxes/index.html   (291 words)

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