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Stock Market & Financial Investment News

News Breaks
March 19, 2013
07:06 EDTPKYParkway Properties agrees to purchase Tampa Fund II assets and Tempe office
Parkway Properties announced that it has entered into a purchase and sale agreement to acquire its co-investor's 70% interest in three office properties located in the Westshore submarket of Tampa, Florida and has entered into a purchase and sale agreement to acquire a 75% interest in the US Airways Building, a 225,000 square foot office building located in the Tempe submarket of Phoenix, Arizona. The agreed-upon gross valuation of the Tampa Fund II Assets is $139.3M. Parkway's purchase price for its co-investor's 70% interest in the Tampa Fund II Assets is $97.5M. The agreed-upon gross valuation of the US Airways Building is $56M. Parkway's purchase price for the approximate 75% interest is $41.8M.
News For PKY From The Last 14 Days
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December 17, 2014
09:32 EDTPKYParkway Properties signs two leases totaling 213,000 square feet in Houston
Parkway Properties (PKY) announced that it has signed two leases totaling 213,000 square feet in Houston, Texas with Nabors Industries (NBR) and Bristow Group (BRS). Nabors Industries signed a 98,000 square foot expansion lease at One Commerce Green, located in the Greenspoint submarket of Houston, that expires on September 30, 2025. Bristow Group Inc. signed a 115,000 square foot new lease at CityWestPlace, located in the Westchase submarket of Houston, that expires on January 31, 2025. As of December 17, 2014, Parkway's Houston portfolio has approximately 418,000 square feet of 2015 lease expirations, which represents 9.5% of its total Houston portfolio. Parkway estimates a positive mark-to-market potential of approximately 27% on its 2015 Houston expirations and 34% on its 2016 Houston expirations.
December 16, 2014
09:59 EDTPKYOn The Fly: Analyst Upgrade Summary
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06:14 EDTPKYParkway Properties upgraded to Neutral from Sell at Citigroup
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December 12, 2014
10:01 EDTPKYOn The Fly: Analyst Initiation Summary
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06:10 EDTPKYParkway Properties initiated with a Buy at DA Davidson
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