Real estate investment trusts
New York City's iconic Rockefeller Center filed for reorganization on Thursday, citing a depressed New York real estate market and inadequate rental income to cover interest on mortgage debt. The owners, Rockfeller Center Properties and RCP Associates, responsible for managing the 12 buildings that make up the center,
Real estate investment trusts
Glimcher Realty Trust, a fully integrated real estate investment trust, has announced that Kmart has signed a lease to anchor Morgantown Commons, a community shopping center in Morgantown, WV. An investment of approximately $10 million will be made to construct a new Super Kmart store, which is expected to open
Real estate investment trusts
Resort Income Investors Inc., a real estate investment trust (REIT) under the provisions of the Internal Revenue Code, has sold its $6,250,000 loan to Grand Palais Casino Inc. to a party unaffiliated with the company. The sale was made for the note's face value plus all
Real estate investment trusts
Burnham Pacific Properties Inc., a Southern California real estate investment trust, has entered into a 10-year lease with T.J. Maxx as an anchor tenant in Wiegand Plaza II, located on El Camino Real in Encinitas, California. The new store, scheduled to open in May 1995, will occupy 26,813
