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January 16, 2001 Childress Klein to build Charlotte, N.C., industrial parkThe Business Journal of Charlotte (N.C.), January 16CHARLOTTE, N.C. – Childress Klein Properties Inc. plans to develop 1 million square feet of warehouse and distribution space off Westinghouse Boulevard. The...
January 16, 2001Jersey firm advances into the local real estate marketBoston Business Journal, January 16BOSTON – Advance Realty Group of Bedminster, N.J., has purchased the Westborough Executive Park, a 216,000-square-foot, three-building office site, and Southborough Executive Park, a 71,000-sf office...
January 16, 2001 ATLANTA – Post Properties Inc. (NYSE:PPS) has secured a new $320 million three-year revolving credit line and a $185 million 364-day credit line.The three-year line replaces the REIT's previous line of credit, which was scheduled to mature...
January 16, 2001Whitehall Street Real Estate Funds and the senior management of Wellsford Commercial Properties Trust have formed WP Commercial to rehabilitate buildings into prime office, research and development and flex space in the Baltimore-Washington, New Jersey and Boston regions,...
January 16, 2001 ATLANTA – IRT Property Company (NYSE:IRT) has completed the $25 million stock repurchase program authorized by its board of directors in November 1999.The company repurchased 3.03 million shares at an average price of $8.26 per share, leaving...
January 16, 2001 GREENWICH, Conn. – Credit rating agency Fitch has upgraded the credit rating on the $35 million of cumulative perpetual preferred stock for Urstadt Biddle Properties Inc. (NYSE: UBP) to double B from double B minus.Chairman and Chief...
January 16, 2001 CLEVELAND – Boykin Lodging Company (NYSE: BOY) has sold its 206-room Daytona Beach Radisson Resort for $12.5 million to Oceans Resorts, a company that owns other hotels in Daytona Beach, Fla.The property was called the Whitehall Hotel...
January 16, 2001 Genstar Development sold to management, investorsCanada Newswire, January 15CALGARY – Genstar Development Co. Ltd. has been sold to a group including its management and Canadian investors. The company has offices and residential land developments in Vancouver, Calgary,...
January 12, 2001 SCOTTSDALE, Ariz. – Franchise Finance Corp. of America (NYSE:FFA) has provided about $52 million in financing to U.S. Realty Advisors LLC for the sale and lease back of 90 automotive parts stores by O'Reilly Automotive Inc. (Nasdaq:ORLY).Under...
January 12, 2001 (NewsTraders.com) –IRT Property Co. (NYSE:IRT) submitted paperwork today preparing $300 million in various types of securities for eventual sale.Included in the REITs shelf registration are common and preferred stock, depositary shares, debt securities and warrants, according to...
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