May 18, 2000(NewsTraders.com) – Goldman Sachs has downgraded real estate investment trust Westfield America (NYSE:WEA) to "market perform" from "market outperformer" due to price considerations.Further information wasn't readily available.
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 ...
Kensington, of Orinda, Calif., has apparently won a hard-fought proxy battle for seats on the board of the REIT.
Prudential Insurance is also expected to put up $500 million in debt to help finance Heritage Property Investment's $1.2 billion purchase of Bradley Real Estate.
Heritage Property Investment Trust, a private REIT in Boston, has offered to take Bradley Real Estate private for $22/share. Heritage counts Prudential Insurance among its investors.
Heritage Property Investment Trust, a private REIT in Boston, has offered to take Bradley Real Estate private for $22/share. Heritage counts Prudential Insurance among its investors.
Shurgard Storage Centers is poised to form another joint venture to develop self-storage centers. This time, it will have the wherewithal to develop $160 million of U.S. properties.
The Pennsylvania REIT is planning to focus solely on large industrial properties in the Mid-Atlantic region. So it is planning to sell most of its office portfolio as well as some smaller industrial properties.
Gary Holmes, a real estate entrepreneur since the age of 16, senses a big opportunity in the hotel sector. He's committed enough equity to buy some $300 million of full- and limited-service hotels.
The well-known REIT mutual fund manager is raising a fund that will target investments in real estate related Internet firms. The fund, Internet Realty Partners, has already raised $25 million, which it is ready to deploy.
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