First Union Real Estate has struck a preliminary agreement to sell most of its real estate to a company started by former managers for $205 million.
No surprise here. First Union Real Estate, which has been making efforts to raise shareholder value, has apparently decided to cut bait and sell off its remaining holdings. It owns three office buildings, three retail properties and parking garages.
June 12, 2000 Host Funding Inc. (AMEX:HFD), a Dallas-based motel REIT, has registered a stock offering of up to $50 million in common stock and $50 in preferred.The offering, detailed in a Form S-1 registration statement filed with the SEC, ...
June 6, 2000 NEW YORK – Private real estate investment banking firm W. P. Carey & Co. has named W. Sean Sovak as executive director. In a statement, the firm said that, as a member of W. P. Carey's acquisition ...
June 2, 2000 NEW YORK – Philips International Realty Corp. (NYSE: PHR) has agreed to provide Kimco Income REIT an extension for Kimco to complete its due diligence under contracts pertaining to the sales of certain assets by Philips to ...
May 19, 2000 MANHATTAN BEACH, Calif. – Center Trust Inc. (NYSE: CTA) has named Edward A. Stokx as senior vice president of finance and Stuart J.S. Gulland as chief operating officer.Stokx has served as controller of the company since he ...
May 19, 2000 Equity Office Properties Trust (NYSE: EOP) has filed a Form 424B3 prospectus with the SEC outlining its proposed $4.6 billion acquisition of Cornerstone Properties Inc. (NYSE: CPP).Shareholder meetings will be held June 19 for both Equity Office ...
Kensington, of Orinda, Calif., has apparently won a hard-fought proxy battle for seats on the board of the REIT.
May 18, 2000 SC-U.S. Realty (NYSE: RTY) has purchased 11 parking properties in five cities from Equity Office Properties Trust (NYSE: EOP) through its private strategic real estate investment trust, Urban Growth Property Trust.The price tag for the portfolio was ...
May 18, 2000 LOUISVILLE, Ky. – Real estate investment trust Ventas Inc. (NYSE: VTR) said today that it has filed its proof of claim of approximately $4 billion in the Vencor Inc. (OTC: VCRI) Chapter 11 bankruptcy proceeding. Filing a ...
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