Finance REITs
DCT Industrial Sees Strong Leasing Activity in Memphis
May 09, 2008
DCT Industrial Trust Inc., a Denver-based industrial REIT, has signed more than 770,000 square feet of leases in Memphis, including two companies that expanded and a new client.
Lenox Park Wells REIT II Buys Atlanta Office Campus in AT&T Sale-Leaseback
May 09, 2008
Wells REIT II has acquired a five-building, 1 million-square-foot office campus in the Buckhead submarket of Atlanta, through a long-term sale-leaseback with AT&T. The campus will headquarter AT&T Wireless' operations in the city. The transaction's terms were not disclosed.
addison project UDR Breaks Ground on $1B Dallas-Area Mixed-Use
May 08, 2008
Denver-based UDR Inc. broke ground today on a $1 billion, 99-acre multi-family, retail and commercial development in the Dallas suburb of Addison, Texas.
AMB  Leases 126,000 SF in Chicago Development
May 07, 2008
AMB Property Corp. has announced it has leased approximately 126,000 square feet in a Chicago development to Ashley Furniture, an industry leading manufacturer of quality furniture products.
Transwestern. Transwestern to Market 1.2M SF of Suburban Chicago Office for Prime Group
May 06, 2008
The Chicago office of Transwestern has received the assignment to market and lease 1.2 million square feet of Class A office space in Chicago’s western and northwestern suburbs from owner Prime Group Realty Trust.
HRPT to Sell 48 Properties for $565M
May 06, 2008
HRPT Properties Trust, a REIT that primarily owns office buildings in the United States, said today it would sell 48 medical offices, clinic and biotech laboratory buildings to Senior Housing Properties Trust for $565 million.
REIT Closes on 4 West Coast Office Buildings Totaling 275,000SF
May 05, 2008
Two weeks after announcing its plan to acquire seven office buildings in Southern California and Arizona, Pacific Office Properties Trust has closed on the purchase of four properties in San Diego and Phoenix. The REIT bought the assets, which total 275,000 square feet, from The Shidler Group.
GE Real Estate Funds Legacy Partners Pasadena, Calif., Buy
May 05, 2008
GE Real Estate has announced it has provided a $36.5 million first mortgage facility to Legacy Partners Commercial for its acquisition of an office building in Pasadena, Calif.
Krolman, Janet GE Real Estate Funds $960M for 34-Property iStar Portfolio
May 05, 2008
New York City-based iStar Financial Inc. has taken a single-source $960 million loan against a portfolio of 34 triple-net-leased single-tenant properties. Holliday Fenoglio Fowler L.P.  arranged the adjustable-rate, interest-only loan through GE Real Estate.  
Brookfield Real Estate Services Fund Announces Interest Rate Swap Agreement
May 05, 2008
Brookfield Real Estate Services Fund has announced that it has completed an interest rate swap agreement with the Canadian Imperial Bank of Commerce, which fixes the interest rate on its recently completed $15 million term facility at 4.29 percent with effect from April 7, 2008.
Williams Hines REIT Acquires $272M Houston Office Tower
May 02, 2008
Houston-based Hines REIT has acquired the 1.5 million-square-foot, 64-story Williams Tower--a property Hines originally developed and sold--for $271.5 million.
Glimcher Sells Knox Village Square in Ohio
May 02, 2008
Glimcher Realty Trust has reported the closing of the sale of Knox Village Square in Mount Vernon, Ohio WP Realty Inc.
GMH Military Housing Division Bought by Balfour Beatty
May 01, 2008
Balfour Beatty Group has completed acquisition of the military housing division of GMH Communities Trust for $350 million, it has reported.
Simons Says Will Focus on Redevelopment
April 30, 2008
At the Simon Property Group's first quarter 2008 earnings conference call David Simon, Chairman & CEO reported that first quarter FFO was $1.46 per share, up 6.6 percent over a year ago.
Robert Maguire Floats Plan to Take Firm Private
April 28, 2008
Robert Maguire III, chairman & CEO of Maguire Properties Inc., has proposed a plan to privatize the REIT. The proposal represents the latest chapter in the company's efforts to resolve its debt problems, which is being spearheaded by a special committee of independent directors.
San Fran Apartment San Francisco Apartment Complex Sells for $115M
April 28, 2008
UDR Inc. has purchased Edgewater Luxury Apartments, a 193-unit multi-family community in San Francisco, for $115 million from Urban Housing Group.
Master Plan in Works for 6,300-Acre Florida Property
April 24, 2008
Rayonier and Cousins Properties Inc. have joined forces to create a master plan and secure entitlement for a site spanning 6,300 acres in Flagler County, Fla., about 30 miles north of Daytona Beach.
Proxy Fight at CBRE Realty Finance Avoided
April 24, 2008
A brewing proxy fight between Arbor Realty Trust Inc. and CBRE Realty Finance has been averted, according to the two parties. As previously reported by CPN, Arbor Realty, in a move widely seen as part of a takeover bid, had been planning to field a slate of its own candidates at CBRE Realty Finance's still-unscheduled 2008 annual  stockholders meeting.
Medical Properties Trust Wraps Up $168M Purchase of 10 HCP Properties
April 23, 2008
Medical Properties Trust Inc. has just taken another step in its multi-phase acquisition of a 21-property healthcare center portfolio from HCP Inc. with the closing of the purchase of 10 facilities for $168 million.
Empire Closes $429M Sale
April 22, 2008
Empire Company Ltd. has announced that it and certain of its wholly-owned subsidiaries, including Sobey Leased Properties Ltd.,have closed the previously announced sale of 61 retail properties to Crombie REIT for $428.5 million.
Zalatoris Inland Gets ‘New’ Chairman, CEO
April 22, 2008
Management changes at Inland Real Estate Corp. have given the REIT a new chairman and a new CEO, though both men are company veterans and no one is leaving, at least not immediately.
Pacific Office Properties to Acquire 7 Office Buildings
April 21, 2008
Pacific Office Properties Trust Inc. has announced its intention to acquire seven office buildings located in San Diego and Phoenix.
Buchanan Street in New Bay Area Contracts
April 18, 2008
Buchanan Street Partners has announced that it has been awarded investment management contracts from three commingled real estate investment funds that were formerly managed by San Francisco-based investment advisors, Maier Siebel Baber, an affiliate of Bank of America Corp.
Cousins Begins Exit from Industrial Real Estate
April 17, 2008
Cousins Properties Inc. is de-emphasizing the industrial property side of its business with the sale of several parcels of land in business parks in metro Atlanta, and with the resignation of two of the Atlanta-based REIT's industrial division's executives, who will not be replaced.
Demolition Moves $189M Mixed-Use Project Forward in Virginia
April 17, 2008
The Aquia Towne Center in Stafford County, Va., is about to be reduced to rubble in order to pave the way for the continued redevelopment of the shopping center into a 725,000-square-foot mixed-use destination. Ramco-Gershenson Properties Trust will spend $189 million on the redevelopment effort.
 

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