Real Estate Management & Development

Shares of Sara Lee Corp (NYSE: SLE) advanced after a report that the company has rejected a buyout offer of $12 billion from Kohlberg Kravis Roberts & Co. SLE shares are up about 8% following the report. Shares of Canada are down, with Toronto's main stock index dropping after decline in the US...

Dynamex Inc (NASDAQ: DDMX) jumped 37.43% to $21.04 at 10:28 am. DDMX has agreed to be purchased by Greenbriar Equity Group LLC for about $210 million or $21.25 per share. Actel Corporation (NASDAQ: ACTL) shares advanced 30.65% to $20.93. Microsemi Corp (NASDAQ: MSCC) has agreed to acquire ACTL for...

Shares of MI Developments Inc (NYSE: MIM) surged about 29% after ST Acquisition Corp agreed to purchase the outstanding shares of the company for $13 per share in cash, representing a 21% premium to MIM' closing price on Friday. Klaus Heinemann has announced his retirement as the CEO and Member of...

Shares of Thor Industries (NYSE: THO) shares surged after the company reported upbeat Q4 earnings. The company reported that its acquisition of Heartland RV, along with a strong cash position without any outstanding debt, "will help fuel additional growth...in 2011 and beyond." THO shares are up...

This morning, Vornado Realty Trust (NYSE: VNO) announced its share of Toys R Us' 2Q earnings. Toys' 2Q results, bottom line FFO $0.01 was ahead of J.P. Morgan's estimate. Sales and margins were a bit below expectations. J.P. Morgan assumed a 4% YoY sales increase, compared to a slight, 10-bp,...

Vornado Realty Trust (NYSE: VNO) announced today that it will record its 32.7% share of Toys “R” Us' second quarter financial results in its third quarter ending September 30, 2010. Vornado's results will include a net loss of $2,557,000, or $0.01 per diluted share, compared to net income of $22,...

Below are the top mid-cap property management stocks on the NYSE and the NASDAQ in terms of earnings estimate for the next quarter. The earnings estimate for Jones Lang Lasalle Inc (NYSE: JLL) for the next quarter ending December, 2010 is $1.68 per share. JLL's quarterly earnings gained 278.19% y/y...

Shares of Vornado Realty Trust (NYSE: VNO) are lower on the session by 0.51%, currently trading at $86.56. The stock has been moving largely higher over the past three months, off of a recent low near $68.50, when it tested and held the 200-day moving average. Options traders continue to see the...

Winthrop Realty Trust (NYSE: FUR) today announced the closing of its previously announced underwritten public offering of 5,750,000 common shares of beneficial interest at a price of $12.25 per share, which includes 750,000 shares issued pursuant to the exercise by the underwriter of its entire...

Shares of Vornado Realty Trust (NYSE: VNO) are lower on the session by 0.51%, currently trading at $86.56. The stock has been moving largely higher over the past three months, off of a recent low near $68.50, when it tested and held the 200-day moving average. Options traders continue to see the...

BOSTON (TheStreet) -- Bruce Berkowitz, Morningstar's U.S. stock manager of 2009, has half of his mutual fund's assets in what he calls "hated financial-services and real-estate-related companies." A value-stock disciple, Berkowitz is greedy when others are fearful. The investor runs Fairholme...

Liberty Property Trust (LRY), a leading real estate investment trust (REIT), has recently announced an offer to sell $350 million worth of 4.75% senior unsecured notes due October 2020. The notes are priced at 99.76% to yield 4.78%.   BofA Merrill Lynch, the investment banking and wealth...

Washington Real Estate Investment Trust (WRIT) (NYSE: WRE) announced today that it has commenced two cash tender offers for any and all of its outstanding 5.95% Senior Notes due June 15, 2011 and its outstanding 3 7/8% Convertible Senior Notes due September 15, 2026. The offers to purchase consist...

Direxion Daily Financial Bear 3X Shares(ETF) (NYSE: FAZ) traded higher on Wednesday, as the financial stocks struggled. FAZ added 4.39%, and in the space, Morgan Stanley (NYSE: MS) dropped 4.26% and Wells Fargo & Company (NYSE: WFC) fell 2.16%. Direxion Daily Semiconductor Bear 3X Shares (NYSE...