Alexandria Real Estate Equities signs strategic JV partnership with Uber Technologies
M2 - Fri Sep 05, 4:23AM CDT
Real estate investment trust Alexandria Real Estate Equities Inc (NYSE:ARE) revealed on Thursday that it has signed a strategic partnership with Uber Technologies Inc, together with the acquisition of two key parcels at 1455 and 1515 Third Street in the Mission Bay sub-market of San Francisco and about 425 existing parking spaces, plans, permits and piles.
Alexandria Real Estate Equities, Inc. and Uber Technologies, Inc. Enter Joint Venture Agreement to Acquire and Develop Key Parcels in Mission Bay
PR Newswire - Thu Sep 04, 3:05PM CDT
Alexandria Real Estate Equities, Inc. (NYSE: ARE), an approximately $9.3 billion total market capitalization real estate investment trust uniquely focused on clustering Class A assets in urban science and technology campuses located in the heart of centers of innovation, today announced a strategic partnership with Uber Technologies, Inc., including the acquisition of two key parcels in the Mission Bay submarket of San Francisco, located at 1455 and 1515 Third Street, as well as approximately 425 existing parking spaces, plans, permits and piles, in the heart of this world-class science and technology cluster. These key parcels, which Alexandria had previously sold to salesforce.com in 2010, will support a total of approximately 422,980-rentable-square-feet (RSF) of new, ground-up, Class A facilities. Alexandria and Uber's strategic partnership will bring best-in-class partners together in a collaborative joint venture (owned 51% by Alexandria and 49% by Uber) to develop the approximately 422,980 RSF for Uber as it expands its corporate headquarters in San Francisco in conjunction with a 15-year lease for the entire project. This joint venture affirms the cluster's position as a first-class destination at the cross-section of science and technology, as well as Alexandria's long-standing reputation as the leading provider of high-quality urban campuses for the world's most innovative companies.
Shares of ARE Up 20.9% Since Uptrend Call on Shares
Comtex SmarTrend(R) - Thu Sep 04, 9:17AM CDT
SmarTrend identified an Uptrend for Alexandria Real Estate Equities (NYSE:ARE) on January 15th, 2014 at $65.64. In approximately 8 months, Alexandria Real Estate Equities has returned 20.86% as of today's recent price of $79.33.
Alexandria Real Estate Equities Shares Up 20.2% Since SmarTrend's Buy Recommendation (ARE)
Comtex SmarTrend(R) - Wed Aug 27, 4:58PM CDT
SmarTrend identified an Uptrend for Alexandria Real Estate Equities (NYSE:ARE) on January 15th, 2014 at $65.64. In approximately 7 months, Alexandria Real Estate Equities has returned 20.25% as of today's recent price of $78.93.
Standard & Poor's Raises Alexandria's Credit Outlook to Positive
PR Newswire - Mon Aug 25, 7:30AM CDT
Alexandria Real Estate Equities, Inc. (NYSE: ARE), an approximately $9.3 billion total market capitalization real estate investment trust (REIT) uniquely focused on collaborative science and technology campuses in urban innovation clusters, announced today that Standard & Poor's Rating Services raised its credit outlook for the Company to Positive from Stable, reflecting continued and further expected improvement in key credit metrics and growth in cash flows. The improvement in the outlook is driven primarily by the near-term completion and delivery of significant rentable square feet (RSF) of pre-leased value-creation development projects, the lengthening of the weighted average remaining maturity of outstanding debt to approximately 6.3 years, and the reduction in unhedged variable rate debt to 7% of total debt. The Company's credit profile has steadily improved since receipt of its initial credit rating in July 2011. The Company's total market capitalization and gross assets are approaching $10 billion. Additionally, strong, growing and stable cash flows are supported by an industry-leading client tenant base, with investment-grade-rated client tenants representing over 50% of the Company's total annualized base rent. The Company's credit rating is anticipated to further improve as it continues to strengthen its overall credit metrics and cash flows primarily through the completion and delivery of pre-leased value-creation development projects.
Uptrend Call Working As Alexandria Real Estate Equities Stock Rises 22.1% (ARE)
Comtex SmarTrend(R) - Wed Aug 20, 11:05AM CDT
SmarTrend identified an Uptrend for Alexandria Real Estate Equities (NYSE:ARE) on January 15th, 2014 at $65.64. In approximately 7 months, Alexandria Real Estate Equities has returned 22.14% as of today's recent price of $80.17.
Insider Trading Alert - ARE, SNI And SCOR Traded By Insiders
at The Street - Mon Aug 18, 10:30AM CDT
Stocks with insider trader activity include ARE, SNI and SCOR
Uptrend Call Working As Alexandria Real Estate Equities Stock Rises 19.4% (ARE)
Comtex SmarTrend(R) - Wed Aug 13, 10:17AM CDT
SmarTrend identified an Uptrend for Alexandria Real Estate Equities (NYSE:ARE) on January 15th, 2014 at $65.64. In approximately 7 months, Alexandria Real Estate Equities has returned 19.36% as of today's recent price of $78.35.
Insider Trading Alert - ARE, EA And IT Traded By Insiders
at The Street - Tue Aug 12, 10:15AM CDT
Stocks with insider trader activity include ARE, EA and IT
BioHealth Innovation, Inc. Bolsters Board of Directors
PR Newswire - Tue Aug 12, 7:30AM CDT
BioHealth Innovation, Inc. (BHI) announced today the appointment of four new members to its Board of Directors. Dave Lemus, Chief Executive Officer, Sigma-Tau Pharmaceuticals Inc.; Joel S. Marcus, Chairman, Chief Executive Officer, and Founder, Alexandria Real Estate Equities, Inc. (Alexandria Venture Investments); and Beth Meagher, Principal, Deloitte Consulting LLP, have joined the BHI Board of Directors, effective August 7, 2014, based upon their organizations' newly committed support of BHI. Charles "Chuck" Morton now represents Venable LLP on the Board, as another new Board member, while Mike Baader, formerly with Venable, will continue to hold a seat on the Board, but now as a representative of Greenspring Associates. Cynthia L. Collins, CEO, Clarient, who had served on the BHI Board since early 2013, is stepping down from her Board position after relocating to the West Coast.
Alexandria Real Estate Equities Has Returned 17.4% Since SmarTrend Recommendation (ARE)
Comtex SmarTrend(R) - Wed Aug 06, 9:18AM CDT
SmarTrend identified an Uptrend for Alexandria Real Estate Equities (NYSE:ARE) on January 15th, 2014 at $65.64. In approximately 7 months, Alexandria Real Estate Equities has returned 17.39% as of today's recent price of $77.06.
Upgrade Alert for Alexandria Real Estate Equities (ARE)
Comtex SmarTrend(R) - Thu Jul 31, 7:02AM CDT
Alexandria Real Estate Equities (NYSE:ARE) was upgraded from Sector Perform to Outperform at RBC Capital today. The stock closed yesterday at $78.48 on volume of 394,000 shares, above average daily volume of 318,000. Alexandria Real Estate Equities, Inc. acquires, manages, expands and develops office and laboratory space properties. The Company leases its properties to pharmaceutical, biotechnology, diagnostic and personal care products companies, research institutions and related government agencies. Properties are located in California, suburban Washington D.C., New England, the Mideast and Southeast.
Shares of ARE Up 19.6% Since Uptrend Call on Shares
Comtex SmarTrend(R) - Tue Jul 29, 5:00PM CDT
SmarTrend identified an Uptrend for Alexandria Real Estate Equities (NYSE:ARE) on January 15th, 2014 at $65.64. In approximately 7 months, Alexandria Real Estate Equities has returned 19.59% as of today's recent price of $78.50.
Accelerator Corporation Secures $51.1 Million to Support Emerging Biotechnology Research Opportunities in New York City and Seattle
Business Wire - Tue Jul 29, 6:00AM CDT
--Includes New Strategic Investors Eli Lilly and Company, Harris & Harris Group, Inc., Johnson & Johnson Development Corporation, The Partnership Fund for New York City, and Pfizer Venture Investments
Alexandria Real Estate Equities, Inc. Reports Second Quarter Ended June 30, 2014 Financial and Operating Results
PR Newswire - Mon Jul 28, 3:05PM CDT
Alexandria Real Estate Equities, Inc. (NYSE: ARE) today announced financial and operating results for the second quarter ended June 30, 2014.
20.6% Return Seen to Date on SmarTrend Alexandria Real Estate Equities Call (ARE)
Comtex SmarTrend(R) - Tue Jul 22, 11:09AM CDT
SmarTrend identified an Uptrend for Alexandria Real Estate Equities (NYSE:ARE) on January 15th, 2014 at $65.64. In approximately 6 months, Alexandria Real Estate Equities has returned 20.55% as of today's recent price of $79.13.
Dividends, Scheduled Financial Results, Community Services Program, and Acquisition Agreements - Analyst Notes on SNH, The Principal, Santander, CIT and Alexandria
PR Newswire - Thu Jul 10, 4:40AM CDT
Today, Analysts Review released its analysts' notes regarding Senior Housing Properties Trust (NYSE: SNH), Principal Financial Group Inc. (NYSE: PFG), Banco Santander-Chile (NYSE: SAN), CIT Group Inc. (NYSE: CIT) and Alexandria Real Estate Equities Inc. (NYSE: ARE). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/4626-100free.
Alexandria Real Estate Equities, Inc. Announces Pricing Of Public Offering Of $700,000,000 Of Senior Notes
PR Newswire - Wed Jul 09, 4:40PM CDT
Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced today that it has priced a public offering of $400,000,000 aggregate principal amount of 2.750% senior notes due 2020 and $300,000,000 aggregate principal amount of 4.500% senior notes due 2029. J.P. Morgan Securities LLC, Barclays Capital Inc., Goldman, Sachs & Co., BBVA Securities Inc., Mitsubishi UFJ Securities (USA), Inc., RBC Capital Markets, LLC, RBS Securities Inc., and Scotia Capital (USA) Inc. are acting as joint book-running managers in connection with the public offering, BNY Mellon Capital Markets, LLC, Capital One Securities, Inc., Credit Agricole Securities (USA) Inc., Credit Suisse Securities (USA) LLC, and TD Securities (USA) LLC are acting as senior co-managers in connection with the public offering, and Cowen and Company, LLC, HSBC Securities (USA) Inc., JMP Securities LLC, PNC Capital Markets LLC, and Santander Investment Securities Inc. are acting as co-managers in connection with the public offering.
Alexandria Real Estate Equities, Inc. Announces Public Offering Of Senior Notes
PR Newswire - Wed Jul 09, 8:00AM CDT
Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced today that it is commencing an underwritten public offering, subject to market conditions, of senior notes. J.P. Morgan Securities LLC, Barclays Capital Inc., and Goldman, Sachs & Co. will act as joint book-running managers in connection with the public offering. The notes will be unsecured obligations of the Company and fully and unconditionally guaranteed by Alexandria Real Estate Equities, L.P., an indirectly, 100% owned subsidiary of the Company.