Moving Ahead
Oct 1, 2006
Shareholders of Pan Pacific Retail Properties Inc. voted to approve its proposed acquisition by Kimco Realty Corp. for $70 per share. ...
Turning 1,000
Oct 1, 2006
The Morgan Stanley REIT Index, which debuted in June 1995 soon after the famed REIT revolution, reached a milestone on Sept. 11 when the index reached 1,000 for the first time in its history....
Vornado's Toy Hobby
Oct 1, 2006
Vornado Realty Trust, one of the three partners that bought out Toys ‘R’ Us for $6.6 billion last year, has agreed to purchase up to 44 previously closed stores for up to $190 million....
Vornado’s Toys-R-Us Real Estate Play
Sep 20, 2006
Last week Vornado Realty Trust agreed to purchase up to 44 previously closed Toys-R-Us stores for up to $190 million. These properties comprise 1.8 million square feet...
Shareholder Challenges Pan Pacific/Kimco Deal
Sep 13, 2006
A class action has been filed on behalf of Pan Pacific shareholders by Jack G. Blaz. The suit charges both Kimco and Pan Pacific with a breach of fiduciary duties and self-dealing on the part of Pan Pacific’s senior management. ...
Mills Wild Ride
Sep 1, 2006, Elaine Misonzhnik
REITs sells properties, loses executives as Xanadu project costs rise...
Growing Pains
Sep 1, 2006
General Growth Properties took a surprising dip in the second quarter, posting an $0.11 loss per share. ...
Federal Boston Deals Opens Door for More Mixed-Use
Aug 30, 2006
Federal Realty Investment Trust’s $150 million purchase of three Boston properties from Eastern Development announced on Monday bolsters the Rockville, Md.-based REIT presence in the region. ...
Mills Gets Xanadu Financing But Also Faces Ex-CEO Lawsuit
Aug 24, 2006, By: Elaine Misonzhnik
The Mills Corp. has announced that it has reached an agreement with Colony Capital Acquisitions and Kan Am USA Management to help fund the Meadowlands Xanadu project...
