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Subject: Liquidation (LIQ)
Golf Trust of America’s Board Prepares Liquidation
November 15, 2000 CHARLESTON, S.C. – Golf Trust of America Inc. (NYSE:GTA) said its board of directors authorized management on Nov. 6 to prepare liquidation plan and, if approved, to submit it to a vote of stockholders and limited partners.In ...
Pacific Gulf Shareholders Approve Sale of Industrial Portfolio, Liquidation
November 10, 2000 NEWPORT BEACH, Calif. – Shareholders of Pacific Gulf Properties (NYSE:PAG) have approved the REIT's plan of liquidation.The REIT is expected to sell its 67 industrial properties to CalWest Industrial Properties for $857 million.CalWest is a joint venture ...
Clarion Commercial to Liquidate
October 12, 2000 NEW YORK – Clarion Commercial Holdings Inc. (NYSE:CLR) has decided to liquidate and shut down operations. The company is asking shareholders to approve of its plan by early next year."In assessing any alternatives, our first consideration is ...
Clarion Owns $65 Mln of CMBS, Much of it High-Yielding
October 12, 2000 Clarion Commercial Holdings Inc. (NYSE: CLR), which earlier today said it would seek to liquidate, has $96.5 million of assets, including $65 million of commercial mortgage backed securities, on its books.The company, which was formed in early ...
Schottenstein Named Co-Chair of Burnham, REIT Taps DDR Unit for Services
September 12, 2000SAN DIEGO, CALIF. – Jay L. Schottenstein has been named co-chairman of Burnham Pacific Properties Inc.'s (NYSE:BPP) board.In addition, the REIT, which has adopted a plan of liquidation, has hired an affiliate of Developers Diversified Realty Corp. (NYSE:DDR) ...
Burnham Pacific Adopts Liquidation Plan; Will Sell 15 Properties for $355 Mln
September 6, 2000 SAN DIEGO – The board of directors of Burnham Pacific Properties Inc. (NYSE: BPP) has approved plans for liquidation and dissolution. The company has also signed an agreement for the sale of 15 properties to Prudential Real ...
Burnham Pacific Trims Staff, Cuts Costs
September 5, 2000 SAN DIEGO – Burnham Pacific Properties Inc. (NYSE:BPP) will eliminate 46 positions by closing its Portland, Ore., Seattle and Sacramento, Calif., offices and substantially reducing the size of its San Francisco and San Diego offices to reduce ...
Jamaica Hires Ocwen to Resolve Real Estate Crisis
The West Palm Beach, Fla., company will help the Government of Jamaica evaluate and dispose of at least $1 billion of real estate assets. The assignment is believed to be comparable to asset management contracts awarded by the RTC.
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Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
