Real estate industry
Fitch Ratings has affirmed the credit ratings of Developers Diversified Realty Corporation (DDR), a real estate investment trust (REIT), citing stabilization of its retail property portfolio performance and improved liquidity position. As of March 31, 2010, DDR's portfolio included 643 shopping centers and interests in retail properties, with
Real estate industry
Sheli Z. Rosenberg, a renowned real estate expert and adjunct professor at Northwestern University's J.L. Kellogg Graduate School of Business, has joined General Growth Properties, Inc.'s (GGP) Board of Directors. Rosenberg brings with her extensive experience in real estate investment and management, having served as
Real estate industry
Cagim Real Estate Corporation, a real estate management corporation, has announced that all 2,320,000 issued and outstanding stock options have been exercised, with the holders of these options depositing their common shares in favor of the take-over bid of BTB Real Estate Investment Trust. Additionally, the company has
Real estate industry
Seven Summits Research, a leading provider of investment research, has issued PriceWatch Alerts for a group of stocks, including EBAY, WYNN, RDC, GENZ, and O. The alerts serve as a valuable resource for investors looking to navigate the current market uncertainty. In a statement, Reid Stratton, Senior Analyst at Seven
Real estate industry
Sheli Z. Rosenberg, a highly experienced real estate professional with a strong background in finance and corporate law, has joined the Board of Directors at General Growth Properties, Inc. (NYSE: GGP). As part of her new role, she will serve on GGP's Capital Committee, bringing her expertise in
Real estate industry
Prosperity Reit's Hong Kong initial public offering launched today, with the firm deciding to focus on industrial and office buildings to steer clear of conflicts with its sister real estate investment trust, Fortune Reit. Chairman Justin Chiu Kwok-hung emphasized that the reit aims to avoid investing in retail
Real estate industry
Caterpillar Inc., a leading heavy equipment manufacturer, is reportedly eyeing the German diesel engine maker MTU Friedrichshafen, according to a recent report in the Chicago-based industry newsletter Stark's Component Ledger. Meanwhile, Prime Group Realty Trust, a Chicago-based real estate firm, is considering the sale of its 975,000-square-foot
Real estate investment trusts
The dispute between Station Casinos Inc. and Crescent Real Estate Equities Co. has escalated into a high-stakes legal battle, with both sides trading blows in separate lawsuits. The latest development came when Station Casinos revealed that it had amended its Nevada lawsuit against Crescent, seeking damages of over $400 million.
Real estate investment trusts
Forum Retirement Partners, L.P., a Bethesda, MD based retirement community master limited partnership, announced its results of operations for the quarter and six months ended June 30, 1998. The company reported a revenue increase of $665,000, or 7%, to $9,731,000 compared to the same period in
Real estate investment trusts
Denver developer Bill Pauls has made a significant deal, selling 1.1 million square feet of commercial space at Gateway Park to California-based Glenborough Realty Trust Inc. for $54 million. This 1,200-acre, master-planned community near Denver International Airport has seen rapid development since Pauls purchased it in 1995 for
Real estate investment trusts
Pacific Gulf Properties Inc., a leading equity real estate investment trust, has announced two major industrial lease agreements in California, valued at approximately $7 million. The company has secured a seven-year lease with AGA Warehouse Company at its Eden Rock #10 property in Hayward, California, and renewed a lease with
Real estate investment trusts
Construction of a new Saturn dealership in Gurnee is pending village approval, with plans presented on behalf of auto dealer Bob Rohrman receiving a unanimous favorable recommendation from the village plan commission. The proposed 5.1-acre site would be home to a 36,820-square-foot building, featuring sales and service areas,
