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September 8, 1999By Rachel Sinden, Principal Consultant, and Trevor Miles, Senior Associate, PricewaterhouseCoopers, London(Excerpted from the Fall 1999 edition of Global Real Estate Now, to be distributed later this month.)E-business is already transforming the business landscape for many industries everywhere...
September 8, 1999 NORTHBROOK, Ill. – Bradley Real Estate Inc.'s (NYSE: BTR) affiliated operating partnership has placed $25 million of 8.875 percent series C cumulative redeemable perpetual preferred with an institutional investor.The units are callable after five years, but have...
September 8, 1999 LAS VEGAS – A unit of Kennedy-Wilson Inc. (NASDAQ: KWIC) has been hired by Pacific Properties and Northwestern Mutual Life Insurance to manage and lease the Pacific Business Center, a 676,000-square-foot industrial complex that was recently built...
September 8, 1999 CLEVELAND – Associated Estates Realty Corp. (NYSE: AEC) has sold the Desert Oasis Apartments for $17.1 million or nearly $53,500/unit.The sales price gives the buyer a capitalization rate of 7.6 percent based on this years budgeted net...
September 8, 1999 Two men making moves for Daytona Beach hotelsDaytona Beach News-Journal, September 8DAYTONA BEACH, Fla. – A pair of investors have bought four of Daytona Beach's major hotels and are negotiating for a fifth. It's all part of...
September 8, 1999 Summit finally gets hostile in Avista bidThe National Post, September 8 TORONTO – As expected, Summit Real Estate Investment Trust has made a hostile bid for Avista REIT. However, Avista's board of trustees has already recommended a...
September 8, 1999LOS ANGELES – Apex Mortgage Capital Inc. (NYSE: AXM) has offered to acquire Impac Commercial Holdings Inc. (AMEX: ICH) in a stock swap that values Impac at $78 million, or $7.09/share.Each Impac share would be swapped for 0.60328...
September 8, 1999LOS ANGELES – Apex Mortgage Capital Inc. (NYSE: AXM) has set a third-quarter dividend of 46 cents/share payable Oct. 15 to shareholders of record Sept. 30. The dividend is 70 percent higher than the one paid in last...
September 8, 1999 PALO ALTO, Calif. – Essex Property Trust Inc. (NYSE: ESS) paid $62 million, or $84,700/unit, for Coronado at Newport, a 732-unit apartment complex in Newport Beach, Calif.Essex is evaluating forming a joint venture with another capital source...
September 8, 1999 By Hans Greimel, Associated Press Writer PORTLAND, Ore. (AP) - The whiz-kid founder of Wilshire Financial Services Group and his number two executive have been fired by the company's board in a disagreement over how to refloat...
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