Arden Realty Inc

Los Angeles office landlord Arden Realty Inc. said funds from operations, a key measure of profitability for real estate investment trusts, were $40.3 million, or 58 cents a share, in the fourth quarter. That compared with $44.6 million, or 66 cents a share, a year earlier. The company reported a profit of $4.4 million or 7 cents a share, contrasted with $34.6 million, or 52 cents, a year earlier. Revenue was up 12% to $114.3 million. The results included $3.

General Electric Co. agreed Thursday to pay $3.2 billion for Arden Realty Inc., ending months of speculation with a deal that would reshape the market for office space in Southern California. GE Real Estate, the Fairfield, Conn., conglomerate's real estate investing unit, would pay $45.25 a share in cash and assume Arden's $1.6 billion in debt.

* Los Angeles office landlord Arden Realty Inc. said second-quarter profit fell 52% to $9.1 million, or 14 cents a share, from $18.9 million, or 30 cents, a year earlier. Revenue rose 2% to $105 million.

Arden Realty Inc. said it completed the purchase of eight office properties in Southern California for about $97 million, boosting its holdings by about 16%. The properties, which were bought in various transactions, contain a total 870,102 square feet of space. Occupancy rates range from 41% to 88%. The purchase brings the Beverly Hills-based firm's holdings to 42 properties with 6.3 million square feet in the Southland.

Mexican real estate company Cabi Developers has agreed to buy 33 office buildings in Southern California for $1.5 billion, thus establishing itself as a player in the competitive regional property investment arena. Cabi will acquire office buildings in Los Angeles, Orange and San Diego counties from Arden Realty Inc. in a deal expected to close in July.

Los Angeles real estate company Arden Realty Inc., one of Southern California's largest office landlords, said Monday that it had agreed to acquire 106 office buildings in the West. The properties, totaling 5.9 million square feet, are in mostly suburban areas of San Diego, Orange County, San Francisco, Seattle, Salt Lake City and Portland, Ore. They are being sold for an estimated $2 billion by New York investor Blackstone Group, which acquired them last year from realty company CarrAmerica.

A new firm backed by former executives of Arden Realty Inc. and other wealthy Los Angeles-area investors has been formed to renovate and develop shopping centers on the West Coast. Manarino Realty is headed by Robert A. Manarino, 50, former director of development in the West for Cousins Properties Inc., a publicly owned commercial developer based in Atlanta.

Los Angeles-based Arden Realty Inc., the largest office landlord in L.A. County, reported fourth-quarter funds from operations of $44.6 million, or 66 cents a share, compared with $43 million, or 65 cents, in the final quarter of 2003. For the full year, funds from operations -- a key measure of profitability for real estate investment trusts -- were $171.8 million or $2.55 a share. That was down slightly from $174.5 million, or $2.66 a share, in the same period in 2003. Roger Vincent

Arden Realty, the largest office landlord in Los Angeles County, said it had acquired an office complex in San Diego and agreed to buy a Wilshire Boulevard property in transactions valued at $278 million. The Los Angeles-based real estate investment trust paid Credit Suisse First Boston and a partner $185 million for Sorrento Mesa Corporate Center, four office buildings totaling 555,000 square feet with a 54,000-square-foot retail center in northwestern San Diego.

Arden Realty Inc., the largest office landlord in Los Angeles County, said first-quarter funds from operations fell 9% to $39.5 million, or 58 cents a share. Revenue at the Los Angeles real estate investment trust rose 7% to $101.9 million.