October 16, 2001 GLENDALE, Calif. – Public Storage Inc. (NYSE:PSA) plans to raise about $125 million from the sale of 5 million series S cumulative preferred stock that carries a 7.875 percent coupon.Proceeds will be used to redeem depositary shares. ...
October 3, 2001 SEATTLE – Shurgard Storage Centers Inc. (NYSE:SHU) has purchased Fremont Realty Capital's stake in Shugard/Fremont Partners II for about $100 million.The purchase price comprises about $38 million for Fremont's interest in the partnership and about $63 million ...
September 17, 2001GLENDALE, Calif. – Public Storage Inc. (NYSE:PSA) plans to raise $800 million from the sale of its common, preferred and equity stock as well as its depositary shares and warrants.Proceeds will be used for investments, developments, joint ventures ...
September 12, 2001 NEW YORK – Fitch has assigned its triple-B-plus rating to Public Storage's offering of $500 million of cumulative preferred stock, which carries an 8 percent coupon.The rating outlook is stable.Proceeds from the offering will be used to ...
The self-storage REIT has opened the door for discussions with Security Capital Group, a majority shareholder that wants to take greater control of the company. Storage USA has also hired Lehman Brothers as a financial advisor.
September 4, 2001 LOS ANGELES – Laaco Ltd., a self-storage company, has paid $42 million for seven self-storage properties in Arizona, Nevada and southern California under a deal it first structured last year. The company last year had agreed to ...
September 4, 2001 GLENDALE, Calif. – Public Storage Inc. (NYSE:PSA) plans to raise about $500 million from the sale of 20 million depositary shares.The shares represent 1/1000 of share of 8 percent cumulative preferred stock series R.Salomon Smith Barney acted ...
June 4, 2001 DENVER – ProLogis (NYSE:PLD) has agreed to sell its European cold-storage unit for 42 million euros ($36 million).The Denver industrial REIT will sell Frigoscandia to Nordfrost GmbH, a leading provider of temperature-controlled distribution facilities throughout Germany.The $36 ...
May 31, 2001 GLENDALE, Calif. - Public Storage Inc. (NYSE:PSA) has placed 830,000 of its depositary shares at $24.45/shr.Each share represents 1/1,000 of a share of the REIT's series A equity stock.Comments? E-mail Dyanne Moon , or call her at ...
May 22, 2001LCOR hires architects to transform corner of Fifth Avenue and 42nd StreetNEW YORK – LCOR has hired Kohn Pedersen Fox to transform the northeast corner of Fifth Avenue and 42nd Street from a junk mall and two empty ...
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