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Stock Market & Financial Investment News

News Breaks
December 19, 2012
04:53 EDTCRM, KRCSalesforce.com leases 100% of Kilroy Realty's 350 Mission Street tower
Kilroy Realty (KRC) said it has signed a long-term lease with cloud-computing giant salesforce.com (CRM) for 100% of the real estate investment trust's 27-story, LEED-platinum-designed office tower now under construction at 350 Mission Street in San Francisco's South of Market financial district. Salesforce.com has agreed to lease up to approximately 445,000 square feet which includes approximately 50,000 square feet of must-take space that is subject to KRC obtaining entitlements to add three stories to the building. KRC acquired the 350 Mission Street land site in October and saw tremendous interest in the property from multiple companies in a variety of technology and non-technology-related industries. Upon completion of the building, the company will own 2.6M square feet of office space in SOMA that is currently 94% leased or committed. The company estimates the total development cost for the 27-story building will be approximately $250M and could increase by approximately $25M if the additional entitlements are obtained.
News For CRM;KRC From The Last 14 Days
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September 29, 2014
10:00 EDTKRCOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Akorn (AKRX) upgraded to Outperform from Sector Perform at RBC Capital... Alexandria Real Estate (ARE) upgraded to Buy from Hold at ISI Group... Baidu (BIDU) upgraded to Buy at UBS... Banner Corp. (BANR) upgraded to Buy from Neutral at DA Davidson... Boston Properties (BXP) upgraded to Buy from Hold at ISI Group... Brocade (BRCD) upgraded to Hold from Sell at Summit Research... Chico's FAS (CHS) upgraded to Outperform from Perform at Oppenheimer... Energy Transfer Partners (ETP) upgraded at Morgan Stanley... Equity One (EQY) upgraded to Buy from Hold at ISI Group... FedEx (FDX) upgraded to Outperform from Market Perform at Cowen... Himax (HIMX) upgraded at Craig-Hallum... Janus Capital (JNS) upgraded at Morgan Stanley... Kilroy Realty (KRC) upgraded to Buy from Hold at ISI Group... LRR Energy (LRE) upgraded to Buy from Hold at Stifel... Nationstar (NSM) upgraded at Sterne Agee... Nexstar (NXST) upgraded to Buy from Hold at Noble Financial... Nike (NKE) upgraded to Outperform from Neutral at Credit Suisse... Pearson (PSO) upgraded to Outperform from Underperform at Macquarie... Philips (PHG) upgraded to Buy from Hold at ING Group... Rent-A-Center (RCII) upgraded at KeyBanc... Rice Energy (RICE) upgraded to Buy from Accumulate at KLR Group... Sonic Automotive (SAH) upgraded to Overweight from Underweight at Morgan Stanley... Tahoe Resources (TAHO) upgraded to Outperform from Market Perform at Raymond James... Tanger Factory (SKT) upgraded to Buy from Hold at ISI Group... Universal Health (UHS) upgraded at BMO Capital... Voya Financial (VOYA) upgraded to Strong Buy from Outperform at Raymond James... Waste Management (WM) upgraded at Wedbush... Yahoo (YHOO) upgraded to Buy from Hold at Needham.
07:57 EDTKRCKilroy Realty upgraded to Buy from Hold at ISI Group
ISI Group upgraded Kilroy Realty to Buy with a $67 price target due to valuation and strong fundamentals.
September 25, 2014
07:24 EDTKRCUBS to hold a tour
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September 23, 2014
08:12 EDTCRMSalesforce.com, Omnicom announce alliance
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September 19, 2014
10:48 EDTCRMOracle tumbles after Q1 earnings miss estimates, Ellison steps aside as CEO
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