Subject: REITS -general (REITS)
Bedford Property Sells Texas Holdings for $26.6 Mln
October 16, 2000 LAFAYETTE, Calif. – Bedford Property Investors Inc. (NYSE:BED) has sold its five remaining Texas properties for $26.6 million.The properties, sold to undisclosed buyers, were: the Great Hills Trail building, with 83,000 sf in Austin, three service-center buildings ...
Bear Stearns Cuts Glenborough Realty
October 13, 2000 (NewsTraders.com) – Bear Stearns analyst Ross Smotrich cut his rating on Glenborough Realty Trust (NYSE:GLB) to "attractive" from "buy" on a slower growth outlook and the belief shares are fairly valued.Despite the rating clip, Smotrich said Glenborough's ...
CBL & Associates Sells Five Shopping Centers for $15.5 Mln
October 13, 2000 CHATTANOOGA, Tenn. – CBL & Associates Properties Inc. (NYSE:CBL) has completed the sale of five community shopping centers for $15.5 million in cash. The deal was structured in two transactions that closed Sept. 21 and Sept. 28 ...
Mega Deals Hint at Underrating of Mall REITs
Mall REITs are undervalued, observers say, noting that while Wall Street may be bearish on the sector, many investors remain willing to wait for healthy long-term dividends.
Entertainment Properties Nixes BRT Realty’s $15/Share Offer
October 11, 2000(NewsTraders.com) – Entertainment Properties Trust (NYSE:EPR) has spurned BRT Realty Trust's (NYSE:BRT) offer to purchase 1.3 million shares from the movie theater-focused company at $15 apiece, according to an amended Schedule 13D filing released today.In addition, Entertainment Properties ...
Philips International Stockholders Approve Liquidation Plan
October 11, 2000 NEW YORK – Philips International Realty Corp. (NYSE:PHR) stockholders have approved the company's proposed liquidation plan.At the special stockholders meeting held on Oct. 10, about 80 percent of the company's 7.3 million common shares outstanding were voted, ...
Merrill Initiates Mission West at Buy, $18 Goal
October 11, 2000 (NewsTraders.com) – Mission West Properties (AMEX:MSW) was initiated Wednesday with an all out "buy" rating by Merrill Lynch analyst Eric Hemel, who set a 12-month price target of $18 on shares of the owner and developer of ...
Minnesota Headquarters of Buffet Inc. Sold
October 11, 2000 EAGAN, Minn. – W.P. Carey & Co. LLC (NYSE:WPC) has acquired the headquarters building of Buffets Inc., an operator of buffet-style restaurants, for about $21 million, on behalf of Corporate Property Associates 14 Inc. Corporate Property Associates ...
EPR Denies BRT Realty’s Request for Board Meeting Appearance
October 10, 2000 (NewsTraders.com) – Entertainment Properties Trust Trust (NYSE:EPR), the movie-theater focused REIT, denied a request by BRT Realty Trust (NYSE:BRT) to present its proposals at Entertainment Properties' Oct. 6 board meeting.NewsTraders reported on Sept. 27 that BRT offered ...
Zell Honored for REIT Industry Leadership
October 10, 2000 WASHINGTON – The National Association of Real Estate Investment Trusts has presented its REIT Industry Leadership Award to Samuel Zell, the founder of Equity Group Investments Inc.Zell is chairman of the board for the Equity Group. He ...
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