Real Estate Management & Development

In a transaction completed today, 280 Park Avenue equity partners Broadway Partners and Investcorp have executed a recapitalization agreement with mezzanine debt holders SL Green Realty Corp (NYSE: SLG) and Vornado Realty Trust (NYSE: VNO). The transaction merges the parties' respective equity...

Stifel Nicolaus is out with its report today on Washington REIT (NYSE: WRE), upgrading WRE to Buy. In a note to clients, Stifel Nicolaus writes, "We are upgrading Washington REIT to Buy because 1) with an Implied NOI/Cash Flow/CF less G&A Cap Rates of 6.3%/5.6%/5.1%, WRE trades at a (19%-8%)...

Investors of J.C. Penney (NYSE: JCP) will like the way their shares look this morning, as it appears that Bill Ackman is having a positive influence on the company. Shares are jumping over 6% in pre-market trading after the company reported better than expected earnings, and raised its full year...

Eastman Kodak (EK) shares rose 6.7% after a U.S. International Trade Commission judge rules, Eastman Kodak did not infringe Apple‘s (AAPL) patented technology for digital cameras. The ITC Judge's decision still must be approved by the ITC's six-member commission. Apple filed its case in April...

Liberty Property Trust (NYSE: LRY) announced another portfolio sale of suburban office and flex in Richmond, VA, for $97M, “on the heels of its $124M sale in the Lehigh Valley, PA, of similar assets announced yesterday,” KBW reports. “These sales are consistent with its strategy of rotating out of...

Zanett Inc. (ZANE) is trading at a price of $1.07 , a dramatic change of 0.06 with % change of 5.95 from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 9.91M Marchex Inc. (MCHX) is trading at a price of...

Elbit Imaging (NASDAQ: EMITF) announced today, in continuance to its announcement dated March 10, 2011, that its indirect subsidiary, EPN Holdings II LLC, has increased the price per ordinary unit of EDT Retail Trust from A$0.078 to A$0.09 in the offer made by EPN Holdings under an off-market...

DryShips Inc (NASDAQ: DRYS) is projected to post its Q1 EPS at $0.16 on revenue of $234.12 million. Nordstrom Inc (NYSE: JWN) is projected to report its Q1 EPS at $0.66 on revenue of $2.22 billion. Animal Health International Inc (NASDAQ: AHII) is expected to post its FQ3 EPS at $0.10 on revenue...

Macy's Inc (NYSE: M) reported its Q1 profit at $131 million, or $0.30 per share, from $23 million, or $0.05 per share, in the year-earlier period. The company's sales increased 5.7% to $5.89 billion. Its same-store sales surged 5.4%. However, analysts were expecting earnings of $0.18 per share....

Toyota Motor Corp (NYSE: TM) is estimated to post its FQ3 EPS at $0.64 on revenue of $63.42 billion. Arcelor Mittal (NYSE: MT) is expected to post its Q1 earnings at $0.48 per share on revenue of $22.03 billion. Teva Pharmaceutical Industries Limited (NASDAQ: TEVA) is projected to post its Q1...

VelocityShares Daily 2x VIX Short Term ETN (NYSE: TVIX) lost 6.86%, and it closed at $22.21. This was the third trading session in a row that TVIX closed in the negative territory. Direxion Daily Real Estate Bear 3X (ETF) (NYSE: DRV) fell 5.10% today, and in the real estate sector, Vornado Realty...

Direxion Daily Real Estate Bull 3X (ETF) (NYSE: DRN) gained 4.82% on Tuesday, and it closed at $77.81. In the real estate space, Taubman Centers, Inc. (NYSE: TCO) jumped 2.30%, and Vornado Realty Trust (NYSE: VNO) added 1.80%. iPath Dow Jones-UBS Cotton Subindex Total Return ETN (NYSE: BAL) traded...

Dahlman Rose analysts initiated coverage on shares of NRG Energy Inc. (NRG),a wholesale power generation company. They set a “buy” rating and a $29.00 price target on the stock. Compass Point analysts initiated coverage on shares of a self-administered and self-managed real estate investment...

American Spectrum Realty, Inc. (NYSE: AQQ), a real estate investment, management and leasing company, headquartered in Houston, Texas announced that its wholly owned subsidiary, American Spectrum Realty Management, LLC, has been awarded the management and leasing assignment for the Newport Marina...

Shares of Research in Motion (NASDAQ: RIMM) are under pressure once again on Monday. The stock has fallen more than 2% despite a very strong broad market tape. RIMM has been a slow motion train wreck for sometime now, as the company appears to be overmatched by the likes of Apple (NASDAQ: AAPL) and...