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July 1, 2002 GREENSBORO, N.C. – Tanger Factory Outlet Centers Inc. (NYSE:SKT) has sold a Fort Lauderdale, Fla., retail property for $18.2 million, which will result in a gain of $450,000.The property, Bass Pro Shops Outdoor World, has 165,000 square ...
June 27, 2002 COLUMBUS, Ohio – Glimcher Realty Trust (NYSE:GRT) plans to raise about $53.5 million from the sale of 3 million common shares at $17.82/share.The shopping center REIT will use proceeds to purchase the equity of joint venture partners ...
June 26, 2002 COLUMBUS, Ohio – Glimcher Realty Trust (NYSE:GRT) after close of business yesterday commenced a public offering of 3 million shares.The offering, part of a previously filed shelf registration, is being underwritten by a group led by Deutsche ...
June 26, 2002 NEW YORK – An unnamed pension fund has provided a $12.75 million loan secured by a first lien on a commercial cooperative unit at 117-127 E. 59th St. in Midtown.Sonnenblick-Goldman Co. arranged the financing on behalf of ...
The two lenders have launched the syndication of a $1 billion debt package that would allow Macerich Co. to complete its acquisition of Westcor Realty, an owner of Arizona and Colorado shopping malls.
June 25, 2002 Liberty International PLC has secured a 211 million pound ($316.6 million) mortgage for two shopping centers managed by its subsidiary, Capital Shopping Centres PLC.HVB Real Estate Capital, the London-based arm of HypoVereinsBank, provided the 12-year loan, which ...
June 25, 2002 LOS ANGELES – Nationwide Life Insurance Co. has provided roughly $17.6 million for a $50 million retail project at the southwest corner of Slauson Avenue and Western Avenue.Upon completion, Chesterfield Square, which sits on 23 plus acres, ...
June 25, 2002 INDIANAPOLIS – Simon Property Group Inc. (NYSE:SPG) plans to issue up to 9 million shares of its common stock, as a result of Standard & Poor's decision to include the REIT on its S&P 500 Index.The offering ...
June 25, 2002 HYDE, England – Bourne End Properties, a subsidiary of Fog Cutter Capital Group, has sold the 135,000-square-foot Clarendon Shopping Centre here and the 140,000-sf Fleet Walk Shopping Centre in Torquay for 40.9 million pounds (US$58.5 million).The one-story ...
June 24, 2002 RALEIGH, N.C. – A venture between Kimco Realty Corp. (NYSE:KIM) and an investment fund operated by Lazard Freres has reached agreement to acquire Konover Property Trust (NYSE:KPT).The agreement calls for the venture to pay $2.10/share for every ...
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