September 20, 2001 Colonial Properties Trust (NYSE:CLP) has sold two shopping centers to subsidiaries of Southern Management Co. of Boca-Raton, Fla.Terms were not disclosed.Proceeds will be used to reduce the REIT's unsecured credit line and for developments.The properties consist of ...
September 17, 2001 By Brad Berton, Commercial Real Estate Direct Contributing WriterAllianz of America has purchased Wal-Mart's 775,137-square-foot distribution center in Mira Loma, within southern California's huge Inland Empire distribution hub.The Cushman & Wakefield brokerage team representing the seller – ...
September 17, 2001 GREENWICH, Conn. – Urstadt Biddle Properties Inc. (NYSE:UBP), a shopping-center REIT, said it is considering a public offering of about 4 million common shares.At today's price, the offering would allow the REIT to raise nearly $35 million. ...
September 13, 2001 SYDNEY, Australia – A trophy office and retail building is reportedly on the market for about A$300 million (US$155 million).The Centrepoint Tower is being marketed internationally, according to a report in the Daily Telegraph. But owner AMP ...
September 12, 2001 TORONTO – RioCan Real Estate Investment Trust (TSE:REI.UN) has purchased additional stakes in nine shopping centers, eight in Ontario and one in New Brunswick, from The Frum Development Group for C$43 million (US$27.6 million).The properties, which total ...
September 10, 2001 Shareholders of Equity One Inc. (NYSE:EQY) and Centrefund Realty Corp. (TSE:CFE) have approved Equity One's deal to buy Centrefund's U.S. subsidiary in a stock-for-stock exchange valued at $280 million.Centrefund Realty (U.S.) Corp. owns 28 properties and five ...
September 10, 2001 Kimco Realty Corp. (NYSE:KIM) has completed its investment in RioCan Real Estate Investment Trust (TSE:REI.UN) by buying 2.5 million special warrants from RioCan for C$10.50.The private placement, valued around US$16.9 million, results in gross proceeds to RioCan ...
September 10, 2001 RIVERSIDE, Calif. – Marcus & Millichap has brokered the sale of the Chicago Plaza, a 98,483-square-foot neighborhood retail center in Riverside, for $11 million.A St. Louis-based limited partnership bought the property at Chicago and University avenues as ...
September 7, 2001 Commercial Real Estate Direct Staff ReportA total of 22 CMBS transactions contain loans on theaters run by Regal Cinemas, which plans to file for Chapter 11 bankruptcy protection. According to an analysis by Merrill Lynch, which used ...
September 7, 2001 DALLAS – Brinker International Inc. (NYSE:EAT) has reached an agreement to buy 39 Chili's Grill & Bar restaurants from their franchise operator, Sydran Group LLC of San Ramon, Calif.The $55 million acquisition also includes future development rights ...
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