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Stock Market & Financial Investment News

News Breaks
December 19, 2012
04:53 EDTKRC, CRMSalesforce.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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June 30, 2015
12:59 EDTCRMSalesforce management to meet with UBS
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09:05 EDTKRCKilroy Realty raises $250M in a direct equity placement
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June 28, 2015
16:00 EDTCRMFormer Salesforce CFO Graham Smith to depart June 30
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12:47 EDTCRMTech sector earnings 'melt away' when accounting for stock comp, Barron's says
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June 23, 2015
07:43 EDTKRCMitsubishi UFJ to hold a conference
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June 18, 2015
08:36 EDTCRMSalesforce price target raised to $80 from $75 at Baird
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07:30 EDTCRMSalesforce initiatives should help social media companies, says Brean Capital
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June 17, 2015
15:16 EDTCRMOptions with increasing volume
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11:34 EDTCRMsalesforce.com calls active amid renewed takeover chatter
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11:14 EDTCRMRumor: Salesforce spikes up amid renewed takeover chatter
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10:00 EDTCRMOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AbbVie (ABBV) initiated with an Overweight at Piper Jaffray... Arista Networks (ANET) initiated with a Buy at Sterne Agee CRT... Astec (ASTE) initiated with a Buy at Maxim... Bristol-Myers (BMY) initiated with an Underweight at Piper Jaffray... Community Healthcare (CHCT) initiated with an Outperform at Oppenheimer... Eli Lilly (LLY) initiated with an Overweight at Piper Jaffray... Fitbit (FIT) initiated with a Buy ahead of IPO at Dougherty... Hortonworks (HDP) initiated with a Buy at Mizuho... II-VI (IIVI) initiated with a Buy at Benchmark Co.... J Sainsbury (JSAIY) initiated with an Underperform at Credit Suisse... McDermott (MDR) initiated with an Outperform at Cowen... Merck (MRK) initiated with a Neutral at Piper Jaffray... Molina Healthcare (MOH) initiated with a Buy at UBS... Pacific DataVision (PDVW) initiated with a Buy at Canaccord... Pfizer (PFE) initiated with an Overweight at Piper Jaffray... Quest Resource (QRHC) initiated with a Buy at Roth Capital... Regional Management (RM) initiated with a Buy at Janney Capital... Rofin-Sinar (RSTI) initiated with a Buy at Benchmark Co.... Salesforce (CRM) initiated with a Neutral at Exane BNP Paribas... Sprouts Farmers Markets (SFM) initiated with a Neutral at Cleveland Research... Tesco (TSCDY) initiated with an Underperform at Credit Suisse... WM Morrison (MRWSY) initiated with a Neutral at Credit Suisse... WWE (WWE) initiated with a Buy at BTIG... World Acceptance (WRLD) initiated with a Buy at Janney Capital... Zafgen (ZFGN) initiated with a Buy at SunTrust.
05:25 EDTCRMSalesforce initiated with a Neutral at Exane BNP Paribas
Target $81.

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