United Investors Sells Shopping Center
October 3, 2000 HOUSTON – United Investors Realty Trust (Nasdaq:UIRT) has completed the sale of the University Park Shopping Center in College Station, Texas.The REIT received 337,400 of its shares, as well as 43,555 convertible securities, that were held...
Home Properties Pays $14.7 Mln for Apartments
October 3, 2000 ROCHESTER, N.Y. – Home Properties (NYSE:HME) has purchased two apartment communities in Michigan and one in New York, totaling 363 units, for about $14.7 million.The properties are the 182-unit Hampton Court Apartments, in Westland, Mich., for...
George Lippe Retires as CEO of Trammell Crow
October 3, 2000 DALLAS – George L. Lippe, president and chief executive of Trammell Crow Co. (NYSE:TCC), has retired.Robert E. Sulentic, the firm's chief financial officer who has been with the company since 1984, will replace Lippe.During Lippe's four-year...
Rockefeller, Gale & Wentworth Buy Massive NJ Site
October 3, 2000 FLORHAM PARK, N.J. – A venture between Rockefeller Group Development Corp. and Gale & Wentworth has acquired a former Exxon Corp. office complex in Florham Park, N.J.The 473-acre site will be redeveloped into a 2.2 million-square-foot...
SKS to Sell San Francisco Offices, $400/sf Price Seen
The recently renovated 475 Brannan St., which previously housed certain Southern Pacific Railroad operations, is expected to fetch north of $100 million. Secured Capital, SKS's broker, will launch a marketing campaign early next year.
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