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National Real Estate Investor September 22, 2003 |
Major Northeast Mall Focus of Heated Bidding The 1.2 million sq. ft. Maine Mall -- one of the hottest retail properties on the market nationwide -- is being pursued by a host of retail REITs. According to Real Estate Alert, Simon Property, General Growth Properties and the Mills Corp. are all vying for the property. |
National Real Estate Investor March 6, 2003 From staff & wire reports |
PREIT buys six malls, will exit multifamily sector Pennsylvania Real Estate Investment Trust (PREIT) is seizing control of the Philadelphia retail market and selling off its multifamily properties. The company announced today that it has reached an agreement to purchase six malls (5.6 million sq. ft.) from The Rouse Co. |
National Real Estate Investor October 6, 2003 |
Southern California Mall Sells for Upwards of $40M A 160,000 sq. ft. Beverly Hills-area mall has traded for more than $43 million. The two-story Glendale Marketplace was bought by Southern California investor WH Glendale Marketplace LLC. |
Real Estate Portfolio July 2000 Lorna Pappas |
Mega to The Max Super-regional entertainment and value-oriented mega-malls are the hallmark of the Mills Corporation of Arlington, Va.---one of the fastest growing, publicly traded retail REITs in the nation.... |
National Real Estate Investor July 1, 2003 Matthew Monroe |
General Growth's Growth Spurt In the 10 years since General Growth Properties went public it has executed a consistent game plan: gain market share through acquisitions, and redevelop under-performing properties. |
National Real Estate Investor October 8, 2003 |
Inland Buys Atlanta Area Mall for $172 Million Inland Retail Real Estate Trust Inc. has bought Atlanta's Fayette Pavilion for $172 million, or roughly $122 per sq. ft. The deal marks Atlanta's biggest retail sale of the year. The Fayette Pavilion is the largest shopping center in Fayette County, which is located outside of Atlanta. |
National Real Estate Investor September 17, 2003 |
Centcom Grabs $32M Texas Retail Portfolio Centcom Realty corp. with a group of private investors has purchased a retail portfolio of six neighborhood retail centers in West Texas. Valued at more than $32 million, the properties total 700,000 sq. ft. and are 78% occupied. |
National Real Estate Investor October 1, 2003 |
Madison Marquette Acquires Bayfair Mall Madison Marquette has purchased the 46-year-old Bayfair Mall, an 820,000 sq. ft. regional shopping center in San Leandro, Calif., approximately 20 miles southeast of San Francisco. The company plans to strengthen the retailer mix in the mall, which is currently anchored by Macy's and Target. |
National Real Estate Investor July 1, 2003 |
American Financial Buys $769 Million Office Portfolio Fresh after its IPO last week, American Financial Realty Trust has purchased 158 properties from Bank of America Corp. for nearly $800 million. The 8.1 million sq. ft. portfolio consists of office buildings, banking and operations centers scattered throughout 19 states. |
National Real Estate Investor September 23, 2003 Parke Chapman |
Office REIT Stung By Competitive Manhattan Market A decision last week by law firm Cadwalader, Wickersham & Taft to lease 450,000 sq. ft. at One World Financial Center was terrific news for lower Manhattan and WFC landlord Brookfield Properties, but quite the opposite for Boston Properties. |
National Real Estate Investor December 1, 2002 |
News Briefs Tailor-Made Digs for The Pampered Chef... General Growth Picks Up L.A. Mall for $415 Million... Barcelo Crestline Gets Aggressive in Canada... Equity One to Purchase IRT Property Inc.... Luxury Apartments to be Added to Houston Mall Complex... etc. |
National Real Estate Investor May 2, 2003 Parke Chapman |
Wells Continues Acquisition Spree Wells Real Estate Investment Trust has been busy this week. The unlisted office and industrial REIT spent over $245 million to buy two office buildings, including a 410,000 sq. ft. New Jersey office building and a 929,694 sq. ft. Minneapolis property. |
National Real Estate Investor October 1, 2007 |
Deals and Projects Angelo Gordon & Co. and Cambria Real Estate have acquired Glendale Financial Square from Delma Properties... Triple-Net Properties has acquired Century Hills in Georgia... Alan Ojeda of the Rilea Group begin construction of a office tower in Miami... |
National Real Estate Investor August 13, 2003 |
Kirkland's Signs On for 700,000 Sq. Ft. Distribution Center Home decor retailer Kirkland's has leased a 771,000 sq. ft. distribution center in Jackson, Tenn., that will be built by New York-based REIT Lexington Corporate Properties Trust. |
National Real Estate Investor July 15, 2003 |
Inland Adds 1.4 Million Sq. Ft. With Acquisition of Southeastern Retail Properties Inland Retail has added seven Georgia shopping centers to its growing portfolio. All told, the $200 million acquisition flurry adds 1.4 million sq. ft. of gross retail space into unlisted REIT's portfolio. |
The Motley Fool March 28, 2005 Lawrence Meyers |
Which REIT Is the Right REIT? The office REIT Prentiss Properties Trust pays a nice dividend and has appreciated nicely. Is the run over? |
National Real Estate Investor December 3, 2002 Parke Chapman |
Boston Properties to sell Midtown building Global Holdings Inc. has agreed to buy the 29-story, Class-A office building. The sale will allow the Boston-based REIT to pare down its debt. |
National Real Estate Investor November 15, 2002 Brannon Boswell |
Consolidation Watch: Pan Pacific to buy Center Trust Pan Pacific Retail Properties has announced that it plans to purchase rival Center Trust, which would make it the largest West Coast public neighborhood shopping center REIT. |
National Real Estate Investor May 1, 2005 Joe Gose |
Mega-Mall Ambitions, Super-Size Headaches Such projects are risky. It takes years for a development dream to become a reality. Megamalls are financially complex and controversial. And the super-sized monuments to consumerism lack a deep track record |
National Real Estate Investor July 1, 2006 |
In Progress: 240-248 N. Highland Avenue, Mixed-Use Project The Perennial Properties development includes five adjoining industrial-style buildings. All are new construction, with the exception of a 5,000 sq. ft. historic property. |
National Real Estate Investor January 1, 2003 Matt Gove |
Wells Makes Its Move Wells Real Estate Funds has spent most of its 18-year history flying under the radar --- buying nondescript, single-tenant suburban office buildings. Now, the Atlanta-based privately held company is making its move with acquisitions totaling more than $1.2 billion for 2002. |
National Real Estate Investor July 30, 2003 |
Wells Focuses on Southern California Properties After buying more than $1 billion worth of Class-A office property so far this year, the Wells REIT now says it will buy $500 million more -- all of it Southern California. This acquisition spree will be focused on properties near Los Angeles, Orange County and San Diego. |
National Real Estate Investor September 17, 2003 |
Macerich Picks Up California Mall for $128.5M The Macerich Co. has acquired the 973,000 sq. ft. Northridge Mall in Salinas, Calif., for $128.5 million. The super regional mall -- the only enclosed mall in its trade area -- is 95% occupied and generates sales per sq. ft. of $341. |
National Real Estate Investor December 17, 2003 |
AMB Buys Industrial Properties In Europe and Japan Industrial REIT AMB Property Corp. is expected to announce today that it has bought 1.3 million sq. ft. of European and Japanese distribution facilities. The combined deals are valued at $108.4 million, according to The Wall Street Journal. |
National Real Estate Investor October 6, 2003 |
Pennsylvania Mall Sells for $20M An 840,000 sq. ft. shopping mall in Harrisburg, Pa., has changed hands. Feldman Equities and joint venture partner Lubert-Adler Partners bought the Harrisburg East Mall from Prudential Insurance Co. of America. The sale price was roughly $20 million, according to an industry source. |
National Real Estate Investor November 25, 2002 Parke Chapman |
Acadia picks up 1 million sq. ft. center in Delaware Acadia Realty Trust is expected to acquire a major open-air retail complex in Wilmington, Del. |
National Real Estate Investor November 11, 2002 Christine Perez |
Galleria strip center sold RREEF has acquired Galleria North, a 94,000 sq. ft. upscale shopping center in Dallas. |
National Real Estate Investor April 1, 2006 Matt Hudgins |
Mills' Woes Mount Less than a week after warning that it may make material adjustments to its 2004 and 2005 financial statements, ambitious mall developer The Mills Corp. disclosed that informal questioning by the SEC has elevated to a formal investigation. |
National Real Estate Investor May 1, 2003 Beth Mattson-Teig |
Will the Buying Frenzy in Retail Real Estate Continue? While other sectors in commercial real estate saw transaction volume sink last year, anybody in the retail end of the business will tell you that 2002 was a banner year. |
National Real Estate Investor March 1, 2003 Beth Mattson-Teig |
Crown's Jewel Crown Realty & Development has established a track record of tackling complex projects. The privately held firm based in Irvine, Calif., is on the verge of its biggest challenge yet with the $111 million purchase of Media City Center in Burbank, Calif. |
National Real Estate Investor January 14, 2003 |
Triple Net Properties acquires Congress Center Triple Net Properties LLC, on behalf of NNN Congress Center LLC, has purchased the 524,784 sq. ft. Congress Center for $136.1 million. The office building, located in Chicago's West Loop submarket, will serve as Triple Net's fifth regional office. |
National Real Estate Investor August 1, 2004 |
A Monthly Meter of Industry Trends Strong Showing by Office REITs... GLA Kingpin: King of Prussia Plaza... Cheap Labor... |
National Real Estate Investor August 1, 2004 |
Deals & Projects Oltmans Construction Has Begun Construction on the 1.6 Million sq. Ft...Kushner Cos. has purchased two luxury high-rises... United Properties recently represented Thrivent Financial for Lutherans... Watt Commercial Properties has sold Acqua Vista... |
National Real Estate Investor January 9, 2004 |
Silicon Valley Property Trades for More Than $100M Despite San Jose's status as one of the nation's weakest office markets, the city's Opus Center has been sold to Equity Office Properties Trust for $103 million. The sale price translates into about $300 per sq. ft. |
The Motley Fool May 14, 2007 Emil Lee |
Clear Skies at Kite Realty The real estate investment trust operator of retail and commercial properties had a robust quarter, with further opportunity for growth. As a result, its shares have been rewarded with a premium multiple. |
National Real Estate Investor May 20, 2003 Brannon Boswell |
Live from ICSC Spring Convention 2003: Consolidation Spreads to Community Centers Consolidation is the hot topic at ICSC's Spring Convention today. Several large companies are missing from the show floor, having been gobbled up by larger competitors. And everyone is waiting for the other shoe to drop regarding the hostile takeover attempt of Taubman Centers. |
Real Estate Portfolio Nov/Dec 2008 Charles Keenan |
Simon Says CEO David Simon discusses Simon Property Group's sustainability efforts, globalization, acquisitions and challenges of running the largest U.S. REIT. |
National Real Estate Investor November 1, 2002 |
News Briefs TIAA Buys Miami Trophy Tower... Overton Moore Properties Plans $40 Million Business Park in L.A... Diversified Realty Scoops up JDN... Starwood Opens Wild Horse Pass Resort... Paramount Hotel Group to Double Portfolio... Harbor Group Buys Little Rock Apartment Portfolio... Financing Approved for 106-Unit Affordable Housing Complex in the Bronx |
National Real Estate Investor December 23, 2002 |
Wells buys office tower for $157 million Capping off a year-long acquisition spree, Atlanta-based Wells Real Estate Investment Trust has closed on a $157 million Class-A office tower in Glendale, Calif. The 545,000 sq. ft. Nestle Building was bought from Douglas Emmett Realty Advisors, an opportunity fund manager. |
National Real Estate Investor August 1, 2006 |
Deals & Projects The Koll Co. and Public Employee Retirement System of Idaho will acquire a portfolio of 12 office properties... CalTIA, a joint venture between national financial services organization TIAA-CREF and RREEF, has sold a 9.6 million sq. ft. national industrial portfolio... etc. |
National Real Estate Investor June 1, 2004 |
Equity One Buys Florida Shopping Center for $21.98 Million Equity One, a shopping center REIT, has purchased the Medical & Merchants at San Pablo Shopping Center in Jacksonville, Fla., for $21.98 million. |
National Real Estate Investor April 1, 2006 Christine Perez |
Ripe for Retail To service the AllianceTexas market, a massive 17,000-acre, Y-shaped development that sprawls across four cities, Hillwood, along with a Chicago-based REIT, has three huge projects under way that could add more than 5 million sq. ft. of retail space. |
The Motley Fool April 25, 2007 S.J. Caplan |
SL Green's Golden Earnings The Manhattan-heavy REIT reports sturdy quarterly results. |
National Real Estate Investor November 1, 2004 |
Deals & Projects Nordic Properties and Berwind Property Group have sold the 285 000 sq. Ft. Lexington Corporate Center... Duke Realty Co. has sold the 1 million sq. ft. Gwinnett Park in Atlanta... etc. |
National Real Estate Investor June 6, 2003 |
Northern Virginia Office Building Trades for $71 Million Corporate Office Properties Trust, a major owner of office buildings along the Baltimore/Washington corridor, this week bought a 400,000 sq. ft. office building in Herndon, Va. |
National Real Estate Investor November 1, 2002 Christine Perez |
Pocket of Prosperity When Craig Hall began developing his first office building in Hall Office Park five years ago, there wasn't even a road that led to his 142-acre site in Frisco, a bedroom community about 25 miles north of Dallas -- now one of America's fastest-growing cities. |
National Real Estate Investor October 1, 2006 H. Lee Murphy |
Big Demand for Small Malls Beyond the drumbeat of consolidation among super-regional shopping center owners in recent years, small malls have become a popular investment for niche retail firms, which lack the desire -- and resources -- to mix it up with behemoths. |
National Real Estate Investor May 1, 2003 Gose & Valley |
The Shopping Spree for Retail Real Estate While other investment bankers involved in M&A activity have been sidelined for the past three years as deals evaporated, the men and women who handle mergers and buyouts of retail real estate companies and properties have been busy little beavers. |
Commercial Investment Real Estate Sep/Oct 2005 Scott Farb |
Exporting Capital As economies throughout the world continue to expand, the flood of real estate investment capital headed overseas has swelled to record levels. This unprecedented growth is expected to continue throughout the year and well into 2006. |
National Real Estate Investor March 1, 2005 Joe Gose |
Why Office Owners Can't Resist the Quick Flip Are private investment funds turning into short-term holders of office assets in return for fast profits, or are they simply taking full advantage of the wide-open capital spigot that's flooding the property markets? |