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...
Mills Wild Ride Continues
Aug 16, 2006
Mills’ shares are down 78 percent from last September, when Mills first revealed accounting troubles and an SEC investigation....
Equity One Looks to Make Splash with Leadership Change
Aug 9, 2006
Equity One Inc. has grown to become a safe, reliable REIT in its eight years as a public company through a straightforward strategy of looking for portfolio deals in its core markets, especially in and around Florida. But faced with an increase in property prices, the company is switching gears. ...
Merger Mania
Aug 1, 2006, David Bodamer & Elaine Misonzhnik
REIT buyouts trigger retail real estate pricing concerns....
Vornado's Prize
Aug 1, 2006, Patricia Kirk
Vornado Realty Trust has snapped up a prized historic property in Boston's Downtown Crossing district: Filene's department store. ...
