July 26, 2000 GERMANTOWN, Tenn. – Hotel real estate investment trust Equity Inns Inc. (NYSE: ENN) has signed a binding memorandum of understanding to acquire all 75 of the company's leases from Interstate Hotels Corp. on Jan. 1, 2001, in ...
July 25, 2000 LOS ANGELES – Kilroy Realty Corp. (NYSE:KRC) has sold five Silicon Valley industrial buildings to a private investment group for about $62 million.The properties are located in San Jose and total 430,000 square feet of space.Kilroy acquired ...
July 19, 2000(NewsTraders.com) – CIBC World Markets began covering 16 REITs today, expressing bullishness regarding the REIT industry and projecting 15 percent to 20 percent in total returns over the next 12 to 18 months."From a fundamental standpoint, real estate ...
The REIT, which late last year set a goal of selling $500 million of properties in order to plow proceeds into stock repurchases, has just $140 million of properties left to sell. Its aim is to unload properties it considers ...
July 18, 2000 NEW YORK – Standard & Poor's has lowered its corporate credit rating on Federal Realty Investment Trust (NYSE: FRT) to triple-B from triple-B-plus and also lowered its rating on the company's preferred stock to triple-B-minus from triple-B. ...
July 18, 2000 NORTH MIAMI BEACH, Fla. – Equity One, Inc. (NYSE: EQY) has reached a preliminary agreement with Alony Hetz Properties & Investments Ltd. in which Alony Hetz will invest up to $32 million in Equity One over the ...
July 18, 2000 William C. Morris, as majority owner of J. & W. Seligman & Co. Inc., has taken a 10.1 percent interest in Correctional Properties Trust.Morris now controls 721,043 shares of the REIT, according to an amended Form SC ...
July 14, 2000 CLEVELAND – Developers Diversified Realty (NYSE:DDR) has acquired the remaining interest in a portfolio of shopping centers that it has owned since July 1998.The Cleveland REIT two years ago bought nine shopping centers, nine development projects and ...
July 13, 2000Mackenzie Patterson Inc., a California real estate investment manager, is taking aim at three small REITs whose stock prices plummeted after two executives were charged in a stock scam.The company, which is based in Moraga, Calif., has made ...
Arden Realty has hired NAI Investment Property Center to market Tourney Pointe, a 220,000-sf office building in Valencia, Calif., that is only 35 percent leased. The sales price is expected to suffer because of its poor occupancy.
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