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October 11, 2000(NewsTraders.com) – Entertainment Properties Trust (NYSE:EPR) has spurned BRT Realty Trust's (NYSE:BRT) offer to purchase 1.3 million shares from the movie theater-focused company at $15 apiece, according to an amended Schedule 13D filing released today.In addition, Entertainment Properties...
October 11, 2000 CHICAGO – The Fordham Co. has received $34 million of mezzanine financing from Prudential Real Estate Investors and an affiliate of Wellsford Real Properties Inc. (AMEX:WRP) to build a 50-story condominium tower in Chicago.Creamer Vital Wellsford originated...
October 11, 2000 An investment team led by Shaner Hotel Group has upped its offer to buy Interstate Hotel Corp. (Nasdaq:IHCO) to $4.50/share from $4.125/share.The new offer values Interstate at $29 million. It comes just after Interstate rejected the earlier...
October 11, 2000 NEW YORK – Philips International Realty Corp. (NYSE:PHR) stockholders have approved the company's proposed liquidation plan.At the special stockholders meeting held on Oct. 10, about 80 percent of the company's 7.3 million common shares outstanding were voted,...
October 11, 2000 SAN FRANCISCO – Pivotal 650 California Street LLC, a venture between the Pivotal Group and investor William S. Levine, has purchased a nearly 500,000-square-foot office building from Sarofim Realty Advisors of Dallas through a $160 million capitalization.The...
October 11, 2000 Neighbors fight Home Depot in Boca RatonSun-Sentinel, October 11BOCA RATON, Fla. – Home Depot has proposed a 146,000-square-foot store just north of city hall on Northwest Second Avenue. However, residents who live near the 15-acre site are...
October 11, 2000 SAN DIEGO – Burnham Pacific Properties Inc. (NYSE:BPP) has postponed its annual shareholders' meeting, which was previously scheduled for Oct. 18, until the SEC completes its review of the company's preliminary proxy materials.The documents were filed in...
October 11, 2000 (NewsTraders.com) – Mission West Properties (AMEX:MSW) was initiated Wednesday with an all out "buy" rating by Merrill Lynch analyst Eric Hemel, who set a 12-month price target of $18 on shares of the owner and developer of...
October 11, 2000 EAGAN, Minn. – W.P. Carey & Co. LLC (NYSE:WPC) has acquired the headquarters building of Buffets Inc., an operator of buffet-style restaurants, for about $21 million, on behalf of Corporate Property Associates 14 Inc. Corporate Property Associates...
October 10, 2000 RICHARDSON, Texas – Radisson-Olympus Capital Partners has acquired a 296-room Clarion Hotel for an undisclosed amount.The purchase marks the partnership's first acquisition since forming this summer.Radisson-Olympus plans to renovate the hotel, which will be renamed the Radisson...
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