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February 27, 2001BOSTON – MBZ Charitable Remainder Unitrust has purchased 1.8 million shares of Boston Properties Inc. (NYSE:BXP) stock for $39.90/share, or nearly $72 million.MBZ is a charitable trust of which Mortimer B. Zuckerman, Boston Properties' chairman, is grantor, and ...
The REIT will be looking to sell a stake in One Park Ave., which it bought just last September for $234 million. Meanwhile, the REIT is planning to exercise its ability to increase its credit line to $300 million.
February 26, 2001 ORLANDO, Fla. – Weingarten Realty Investors (NYSE:WRI) has paid Cousins Properties Incorporated (NYSE:CUZ) $54 million for a 480,000-square-foot shopping mall.The Colonial Plaza Marketcenter is located on 45 acres on East Colonial Drive and Bumby Avenue, across the ...
February 26, 2001 NEW YORK – Michael Reid, a managing director with Lehman Brothers' global real estate department, has joined SL Green Realty Corp. (NYSE:SLG) as chief operating officer, succeeding David J. Nettina, who resigned to pursue other business interests.SL ...
February 26, 2001 SAN DIEGO – Burnham Pacific Properties Inc. (NYSE:BPP) has completed the $19 million sale of two shopping centers to Retail Value Investment Program, a venture of Developers Diversified Realty (NYSE:DDR), Coventry Real Estate Partners and Prudential Real ...
February 23, 2001 BETHESDA, Md. – First Washington Realty Trust Inc. (NYSE:FRW) said its $800 million sale to a venture led by the California Public Employees' Retirement System should be completed between Feb. 28 and March 5.The venture, U.S. Retail ...
February 23, 2001 NEW YORK – Standard & Poor's has affirmed its triple-B-plus corporate credit and senior unsecured ratings and triple-B preferred stock ratings on Equity Office Properties Trust and EOP Operating LP. The outlook for Equity Office is stable. ...
The Chicago REIT is perpetuating chairman Samuel Zell's prediction of consolidation in the REIT industry. Its latest conquest will add, among other things, 25 million sf of West Coast office space.
February 23, 2001 NEW YORK – Fitch has assigned a triple-B-minus rating to Shurgard Storage Centers Inc.'s (NYSE:SHU) recent offering of $75 million 8.75 percent series D cumulative preferred stock.Proceeds of the offering as well as cash remaining from a ...
February 23, 2001 NEW YORK – Fitch said it has affirmed the triple-B-plus rating for $5.8 billion of senior unsecured notes issued by Equity Office Properties' (NYSE:EOP) operating unit.The action comes on the heels of Equity Office's agreement to buy ...
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