Kilroy Realty Corp

* Los Angeles-based Kilroy Realty Corp. said it bought an office complex in San Diego from Legacy Partners and VEF Advisors for $98 million. The purchase includes two six-story buildings and a development site that will allow Kilroy to build a third six-story building. * San Francisco-based CoTherix Inc. said the Food and Drug Administration had approved its inhaled drug solution Ventavis for treatment of pulmonary arterial hypertension. * Alcan Inc.

* Los Angeles-based Kilroy Realty Corp. said it bought an office complex in San Diego from Legacy Partners and VEF Advisors for $98 million. The purchase includes two six-story buildings and a development site that will allow Kilroy to build a third six-story building. * San Francisco-based CoTherix Inc. said the Food and Drug Administration had approved its inhaled drug solution Ventavis for treatment of pulmonary arterial hypertension. * Alcan Inc.

Moving to take advantage of an increasingly strong commercial real estate market in California, Kilroy Realty Corp. said it plans to sell 9.26 million common shares in an initial public offering. The El Segundo-based commercial real estate firm said it expects to raise as much as $169.7 million from the offering after expenses while selling new investors an 85% stake in the company.

Kilroy Realty Corp. reported that profit more than doubled during the third quarter as the Los Angeles developer and landlord banked the bulk of a previously announced $21.3-million settlement with former tenant Peregrine Systems Inc. Kilroy said net income for the period ended Sept. 30 was $20 million, or 72 cents a share, compared with $7.9 million, or 28 cents, a year earlier. Without the settlement, profit would have slipped to $6.7 million for the quarter, a company spokesman said.

Kilroy Realty Corp. reported that profit more than doubled during the third quarter as the Los Angeles developer and landlord banked the bulk of a previously announced $21.3-million settlement with former tenant Peregrine Systems Inc. Kilroy said net income for the period ended Sept. 30 was $20 million, or 72 cents a share, compared with $7.9 million, or 28 cents, a year earlier. Without the settlement, profit would have slipped to $6.7 million for the quarter, a company spokesman said.

Thirteen Orange County industrial buildings owned by Edison Co.'s real estate subsidiary, Mission Land Co., have been purchased by El Segundo-based real estate investment trust Kilroy Realty Corp. The buildings, which are 10 to 20 years old, were part of a $43.6-million property sale that included a small office building in Torrance and a warehouse in Ontario.

Kilroy Realty Corp., a West Los Angeles real estate investment trust, reported that profit dipped 19% in the first quarter. Kilroy, which owns West Coast office and industrial properties, earned $10.9 million, or 40 cents a share, compared with $13.5 million, or 49 cents, in the year-earlier period, the company said late Monday. Revenue rose 7% to $54.6 million in the period ended March 31. Kilroy's funds from operations, a key measure of profitability for REITs, fell to $26.

Kilroy Realty Corp., a West Los Angeles real estate investment trust, reported that profit nearly doubled in the fourth quarter as it disposed of four major properties. Kilroy, which owns West Coast office and industrial properties, earned $14 million, or 50 cents a share, compared with $7.6 million, or 28 cents, in the year-earlier period, the company said late Monday. Revenue rose 7.7% to $51.7 million in the period ended Dec 31.

Profit at Kilroy Realty Corp. almost tripled in the second quarter as it reached a payment agreement with a major, financially troubled tenant and the real estate market improved. Kilroy, a West Los Angeles real estate investment trust that owns West Coast office and industrial properties, earned $13.4 million, or 49 cents a share, in the quarter ended June 30, compared with $5 million, or 18 cents, in the same period a year ago, the company reported late Monday. Revenue rose to $51.

A Los Angeles Superior Court judge has rejected Kilroy Realty Corp.'s legal effort to block rival developer Thomas Properties Group from building a $500-million corporate office park in El Segundo. Superior Court Judge David Yaffe in his final ruling dismissed charges that the city of El Segundo had not, among other things, fully studied the environmental and traffic impact of the proposed El Segundo Corporate Campus at Nash Street and Mariposa Avenue or allowed for sufficient public comment.

Profit at Kilroy Realty Corp. almost tripled in the second quarter as it reached a payment agreement with a major, financially troubled tenant and the real estate market improved. Kilroy, a West Los Angeles real estate investment trust that owns West Coast office and industrial properties, earned $13.4 million, or 49 cents a share, in the quarter ended June 30, compared with $5 million, or 18 cents, in the same period a year ago, the company reported late Monday. Revenue rose to $51.

Kilroy Realty Corp., a West Los Angeles real estate investment trust, reported that profit dipped 19% in the first quarter. Kilroy, which owns West Coast office and industrial properties, earned $10.9 million, or 40 cents a share, compared with $13.5 million, or 49 cents, in the year-earlier period, the company said late Monday. Revenue rose 7% to $54.6 million in the period ended March 31. Kilroy's funds from operations, a key measure of profitability for REITs, fell to $26.

Kilroy Realty Corp., a West Los Angeles real estate investment trust, reported that profit nearly doubled in the fourth quarter as it disposed of four major properties. Kilroy, which owns West Coast office and industrial properties, earned $14 million, or 50 cents a share, compared with $7.6 million, or 28 cents, in the year-earlier period, the company said late Monday. Revenue rose 7.7% to $51.7 million in the period ended Dec 31.

Kilroy Realty Corp., which cut its 2002 earnings estimates because of a tenant's financial problems, said Tuesday that its largest tenant, Boeing Co., plans to vacate a Kilroy building in El Segundo. The world's biggest airplane maker, which cut 30,000 jobs over the last year, plans to leave the 248,000-square-foot building in February, said John Kilroy Jr., the developer's president and chief executive. Boeing's satellite business, which has been hit by lower demand, has been based there.

A long-running feud between two prominent Los Angeles-area developers flared up again this week when Kilroy Realty Corp. and its allies filed a last-minute court appeal and raised new environmental concerns over a proposed El Segundo office development by rival Thomas Properties Group. The latest maneuver in the unusual and costly battle will keep the proposed 46-acre El Segundo Corporate Campus in legal limbo for at least another six months, according to attorneys.

Kilroy Realty Corp. said a former tenant, bankrupt Internet retailer EToys Inc., is seeking the return of $15 million from two letters of credit. EToys, which declared bankruptcy last year, filed a lawsuit against Kilroy for the return of money drawn on the letters of credit by Kilroy, the Los Angeles real estate company said. EToys signed an 11-year, $100-million lease in late 1999 for a 151,000-square-foot building Kilroy developed in West L.A.

Kilroy Realty Corp. said a former tenant, bankrupt Internet retailer EToys Inc., is seeking the return of $15 million from two letters of credit. EToys, which declared bankruptcy last year, filed a lawsuit against Kilroy for the return of money drawn on the letters of credit by Kilroy, the Los Angeles real estate company said. EToys signed an 11-year, $100-million lease in late 1999 for a 151,000-square-foot building Kilroy developed in West L.A.

Kilroy Realty Corp., which cut its 2002 earnings estimates because of a tenant's financial problems, said Tuesday that its largest tenant, Boeing Co., plans to vacate a Kilroy building in El Segundo. The world's biggest airplane maker, which cut 30,000 jobs over the last year, plans to leave the 248,000-square-foot building in February, said John Kilroy Jr., the developer's president and chief executive. Boeing's satellite business, which has been hit by lower demand, has been based there.

A Los Angeles Superior Court judge has rejected Kilroy Realty Corp.'s legal effort to block rival developer Thomas Properties Group from building a $500-million corporate office park in El Segundo. Superior Court Judge David Yaffe in his final ruling dismissed charges that the city of El Segundo had not, among other things, fully studied the environmental and traffic impact of the proposed El Segundo Corporate Campus at Nash Street and Mariposa Avenue or allowed for sufficient public comment.

Commercial real estate developer Kilroy Realty Corp. has seen most of its new buildings fill with tenants even as the region's economy has declined over the last year or so. Nearly all of the company's new office buildings--and even some still under construction--are fully leased. But the company has struggled to find tenants for the two newest buildings at its Westside Media Center project ever since would-be "anchor" tenant EToys closed its doors.