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June 14, 2000 (NewsTraders.com) -- Stating its belief that Burnham Pacific's (NYSE:BPP) management "bears responsibility for a dramatic loss in shareholder value," a group led by Schottenstein Stores Chairman and CEO Jay Schottenstein said it plans to nominate a slate...
June 14, 2000 ATLANTA – Wells Real Estate Investment Trust has bought a newly constructed, single-tenant office building in Tempe, Ariz., for $13.3 million, or about $101/sf, from Ryan Cos. US.The 130,000-square-foot, two-story building is fully leased to AVNET Inc....
June 14, 2000 DENVER – EquityCity has named five additional members to its advisory board, making it read like a who's who of the real estate industry.Its latest additions are: Gary Garrabrant, chief investment officer of Equity International Properties Ltd.;...
June 14, 2000 Associated PressCOPENHAGEN, Denmark – Two Danish real estate developers on Wednesday were sentenced to at least five years in jail in a 3.7 billion kroner ($474 million) fraud and forgery case that has been dubbed Denmark's largest...
June 14, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorCabot Industrial Properties LP plans a 645,000-sf speculative industrial development on property it purchased in Rancho Cucamonga – within Southern California's "Inland Empire" distribution market.The Boston company, which is...
June 14, 2000 Convention Center hotel deal completeThe Charlotte Observer, June 14CHARLOTTE, N.C. – StarPort will begin developing a $143 million, 700-room Westin on Stonewall Street across from the Charlotte Convention Center. The hotel will be completed in August 2002....
June 13, 2000 A metamorphosis for business parkThe Charlotte Observer, June 13CHARLOTTE, N.C. – TrizecHahn Office Properties is revising its development plan for Perimeter Woods office park with Class-A buildings. The new plan includes at least two eight-story office buildings,...
June 13, 2000 (NewsTraders.com) – Equity Office Properties (NYSE:EOP) was upgraded to the "recommended list" investment category with a new $35 price target today by Goldman Sachs, according to a market source.Goldman, which previously rated the Chicago-based REIT at "market...
June 13, 2000 NASHVILLE, Tenn. – Prison Realty Trust (NYSE:PZN) has received a waiver of defaults under its $1 billion senior secured credit facility.A group of lenders led by an affiliate of Lehman Brothers has also amended the credit agreement...
June 13, 2000 Call-Net to sell Toronto property for C$85.4 millionThe Financial Post, June 13 TORONTO – Call-Net Enterprises Inc. will sell its Toronto office park development for 85.4 million Canada dollars (US$58 million) to Bentall Corp. and the Canadian...
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