Subject: REITS -general (REITS)
Michael Kaline Named President of Malan Realty
August 14, 2000 BINGHAM FARMS, Mich. – Michael K. Kaline has been named president of Malan Realty Investors Inc. (NYSE:MAL)Kaline replaces Anthony S. Gramer, who was let go as president and chief executive last month. Kaline had been serving as ...
Office Property Sales Still Strong; Mall, Hotel Sales Dip
Office property sales remained strong during the first half and prices continued to inch up, according to Commercial Real Estate Direct's newly launched Property Sales Database. Meanwhile, sales of malls and hotels cooled.
Basic Capital Management Names Branigan as Executive VP, CFO to Replace Holland
August 14, 2000 DALLAS – Basic Capital Management Inc. has appointed Mark W. Branigan as executive vice president and chief financial officer. Branigan replaces Thomas A. Holland, who resigned the position effective Aug. 9. Holland resigned to focus on the ...
President of Banyan Strategic Realty Trust Suspended
August 14, 2000 CHICAGO – Banyan Strategic Realty Trust (Nasdaq:BSRTS) today suspended Leonard G. Levine, its president and chief executive officer, and placed him on leave as president. Banyan issued the news Monday morning in a statement.The company also said ...
Commercial Assets, Asset Investors Corp. Complete Merger
August 11, 2000 The merger of Commercial Assets Inc. (AMEX:CAX) with and into Asset Investors Corp. (NYSE:AIC) closed today.The resulting company is now called American Land Lease Inc. It will begin trading on the New York Stock Exchange on Monday ...
First Union Downgrades AvalonBay to Buy from Strong Buy
August 11, 2000 First Union Downgrades AvalonBay to Buy from Strong Buy(NewsTraders.com) – In a move based solely on price, First Union Securities today downgraded shares of AvalonBay Communities (NYSE:AVB) to "buy" from "strong buy," stating in a brokerage report ...
RFS Hotel Completes $52.2 Mln Long-Term Loan; Concludes Amendment to $140 Mln Credit Line
August 11, 2000 MEMPHIS, Tenn. – Bank of America NA is providing RFS Hotel Investors Inc. (NYSE:RFS) with a new $52.2 million long-term secured loan.The financing, secured by eight of the company's hotel properties, carries a fixed interest rate of ...
Captec Net Lease Realty Shareholders Re-Elect Board; Goldstein Unsuccessful in Bid for Control of RE
August 11, 2000 ANN ARBOR, Mich. – The entire board of directors at Captec Net Lease Realty Inc. (Nasdaq:CRRR) was re-elected at the company's annual shareholders' meeting on Wednesday.All nine incumbent members of the Captec board beat out an opposition ...
Rockwood Group Says It Will Seek to Acquire Hanover Capital
August 9, 2000 (NewsTraders.com) – A shareholder group of Hanover Capital Mortgage Holdings (AMEX:HCM) said Wednesday morning in a regulatory filing that it has decided to "now seek to acquire control" of the New York-based REIT.The group, which includes Rockwood ...
A.G. Edwards Downgrades Four Retail REITs on Industry Slowdown
August 9, 2000(NewsTraders.com) – Focusing on general weakness in the retail industry, A.G. Edwards & Sons analyst Ann Melnick downgraded CBL & Associates Properties (NYSE: CBL) and three other mall-based REITs on Wednesday.CBL & Associates witnessed its rating at the ...
About
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.
