Real Estate Management & Development

Liberty Property Trust (LRY), a leading real estate investment trust (REIT), has recently obtained a new $500 million unsecured revolving credit facility due November 2013 that replaced its existing $600 million credit facility scheduled to mature in January 2011. The new facility also contains an...

Technology Research Corporation (TRC), (NASDAQ: TRCI) today announced that Robert D. Woltil, has been appointed Vice President Finance, Chief Financial Officer and Corporate Secretary effective today. Since July 20, 2010, Mr. Woltil served as our Interim Chief Financial Officer. Owen Farren,...

The St. Joe Company (JOE), a publicly-held operationally diversified real estate company, has recently filed a lawsuit against M-I Swaco, a worldwide drilling company, for its alleged role in the Deepwater Horizon Oil Spill in the Gulf.   The legal suit is an effort by the company to compensate...

Cusick’s Corner Today’s market action was good for traders, but uncertainty and emotion are also high. What’s missing is volume, so you should keep an eye on volume to see if this recent M&A activity pulls in some larger players over this upcoming holiday weekend. Watch Consumer Confidence...

In a Form 4 filed after the bell today, Vornado Realty Trust (NYSE: VNO) Divisional Officer, Sandeep Mathrani, reported that he sold 10,900 shares of VNO on August 26-30th for an average price of $82.00. The transaction totaled $893,783. Mr. Mathrani owns 28,809 direct shares of VNO. Source: The...

Deutsche Bank spent some time reviewing companies in the REIT market to discover some significant outperformance. Here is a performance recap of several of those companies: Kilroy Realty Corporation (NYSE: KRC) 2010 bonus programs show performance metrics that will exclude the impact of...

The Internal Revenue Service (IRS) is planning to retire the tax probe against UBS AG (UBS). This decision of IRS follows the Swiss government’s assurance that it is about to deliver the details of the American account holders of UBS AG, who are alleged to have evaded American taxes. Earlier in...

Analysts at J.P. Morgan kept its Neutral rating on shares of Vornado Realty Trust (VNO), but raised its price target to $81 from $71. In its report, J.P. Morgan stated, "While VNO has a strong track record for generating growth and value creation, our Neutral rating stems from VNO’s relative...

Brookfield Asset Management Inc. (BAM), a global asset manager focused on property, renewable power and infrastructure assets with over $100 billion of assets under management, has recently gained management control of Spinco Inc., the spin-off division of General Growth Properties Inc. (GGP).  ...

Jacobs Engineering Group Inc. (JEC) has won a contract from IOT Infrastructure & Energy Services Limited (IOT) (formerly Indian Oiltanking).  Although, the contract value has not been disclosed, the transaction cost is estimated to be $60 million.   As per the agreements, Jacobs will supply...

ProShares UltraShort Silver (ETF) (NYSE: ZSL) fell 6.04% today, as silver had a good trading session. Silver continued to trade higher, as investors are seeking shelter in precious metals. Direxion Daily Real Estate Bear 3X (ETF) (NYSE: DRV) dropped 5.46%, and closed at $28.94. In the real estate...

Brookfield Properties Corporation (NYSE: BPO) is having its 2010 FFO estimate raised to $1.31 (+$0.16) and 2011 FFO lowered to $1.06 (-$0.06) by JP Morgan, citing that 2Q out-performance was the primary driver (with Tishman's repayment of BPO's Carr portfolio debt). 2012 FFO estimate is at $1.13...

U.S. equity market struggled today, after another disappointing initial claims report. Bear market ETFs posted significant gains, and Direxion Small Cap Bear 3X Shares (ETF) (NYSE: TZA) was the best among them, with an increase of 8.00%. TZA gained on the weakness in the Russell 2000 Index....

Osteotech Inc (NASDAQ: OSTE) jumped 63.71% to $6.45 at 10:22 am. Medtronic Inc (NYSE: MDT) has agreed to buy OSTE for about $123 million. Income Opportunity Realty Trust (AMEX: IOT) climbed 26.49% to $5.21. IOT has swung to profit in the second quarter. Potash Corp of Saskatchewan Inc (NYSE: POT)...