Skip navigation
Menu

Staff and Wire Reports

Staff and Wire’s Recent activity

Macerich acquires 1.1 million sq. ft. mall
Jun 26, 2002
The Macerich Partnership L.P. has acquired The Oaks, a 1.1 million sq. ft. super-regional mall in Thousand Oaks, Calif., for $152.5 million. The acquisition of the property gives the Santa Monica, Calif.-based firm...
Andersen terminates lease at Times Square Tower
Jun 26, 2002
Chicago-based Arthur Andersen LLP has finalized an agreement with building owner Boston Properties Inc. to terminate its lease of 650,000 sq. ft. in Times Square Tower. Enron-related problems are blamed for the...
Grubb & Ellis board elects Kojaian chairman
Jun 26, 2002
Michael Kojaian, the recently elected new chairman of the board at New York-based Grubb & Ellis, has strong incentive to push the real estate services company to higher levels of profitability and efficiency...
Kimco JV acquires Konover Property Trust
Jun 25, 2002
Beleaguered REIT Konover Property Trust has finally sold after years of speculation. New Hyde Park, NY.-based Kimco Realty and New York-based Prometheus Southeast Retail (an affiliate of Paris-based Lazard) have...
Analysts bemoan mall REITs’ lack of disclosure
Jun 25, 2002
Retail REITs and mall REITs in particular need to improve the flow of information to their investors, according to Wall Street analysts. In a recent report titled "REIT Disclosure — Give the Owners What They Want,"...
Simon: first retail REIT on S&P500
Jun 21, 2002
Standard & Poors announced it is making Indianapolis-based Simon Property Group the fourth real estate investment trust and the first retail-focused REIT to be included in the S&P 500 index. Though a specific...
Senate approves terrorism insurance bill
Jun 19, 2002
On Tuesday, the U.S. Senate passed the Terrorism Risk Insurance Act of 2002 by an 84 to 14 vote. Under the provisions of the bill, S. 2600, the federal government would reimburse businesses for 90% of losses after the...
Senate passes terrorism insurance bill
Jun 19, 2002
Yesterday, the U.S. Senate passed the Terrorism Risk Insurance Act of 2002(S.2600) on a vote of 84-14. NAREIT vice president of government relations Martin DePoy said Senators Tom Daschle and Trent Lott were...
Load More