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Commercial Real Estate Week in Review
Saturday, June 18, 2011 - 12:01am | 395Commercial Real Estate Week in Review for the Week of June 11th to June 17th - Pebblebrook Hotel Trust (NYSE: PEB) Acquires W Boston Hotel. – Malaysia Has the Advantage with Islamic REITs. - Mall REITs Are Making a Comeback. - The Student Housing Market is Passing with Flying Colors. - Money...
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Benzinga's Top ETF Gainers, June 16th (TVIX, SOXS, SGG, DRN)
Thursday, June 16, 2011 - 4:06pm | 184VelocityShares Daily 2x VIX Short Term ETN (NYSE: TVIX) traded sharply higher for the second consecutive trading session. Yesterday, it gained 16.84%, and today it spiked 10.44%, and closed at $26.66. Direxion Daily Semiconductor Bear 3X Shares (NYSE: SOXS) gained 3.61% on Thursday as Advanced...
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Taubman Centers Announces Pricing of Public Offering of 1.75M Shares at $56.50
Wednesday, June 15, 2011 - 6:36am | 88Taubman Centers, Inc. (NYSE: TCO) today announced that the public offering price for the 1,750,000 common shares previously sold to Goldman, Sachs & Co., the sole underwriter of the offering, is $56.50 per share. The underwriter has also been granted a 30-day option to purchase up to 262,500...
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Realty Income Prices a $150 Million Re-Opening Offering of Senior Unsecured Bonds Due 2035
Tuesday, June 14, 2011 - 3:45pm | 157Realty Income Corporation (Realty Income), The Monthly Dividend Company®, (NYSE: O), today announced the pricing of an additional $150 million of its unsecured 5-7∕8% senior bonds due 2035. The original offering of $100 million of the 2035 senior unsecured bonds was priced in 2005 and, with this re...
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Taubman Centers Announces Sale of 1.75M Common Shares to Goldman Sachs
Tuesday, June 14, 2011 - 3:14pm | 85Taubman Centers, Inc. (NYSE: TCO) today announced the sale of 1,750,000 common shares to Goldman, Sachs & Co. as the sole underwriter in an underwritten public offering pursuant to its effective shelf registration statement filed today with the Securities and Exchange Commission. The...
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Agree Realty Announces Acquisition of Advance Auto Parts in Marietta, Georgia
Tuesday, June 14, 2011 - 8:02am | 145Agree Realty Corporation (NYSE: ADC) today announced it has acquired a retail property net leased to Advance Auto Parts in Marietta, Georgia. The cost of the acquisition was approximately $1,335,000. The store opened for business in April 2011. The base term of the lease is 15 years. "We are...
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Commercial Real Estate Week in Review
Saturday, June 11, 2011 - 12:01am | 400Commercial Real Estate Week in Review for the Week of June 4th to June 10th - REITs Are the Light at the End of the Economic Tunnel. - It's Quality vs. Quanity With Glimcher Realty Trust (NYSE: GRT). - REIT Investors May Need a Reality Check. - General Growth Properties (NYSE: GGP) Refinances Five...
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Benzinga's Top ETF Decliners, June 10th (AGQ, DRN, CZM, EDC)
Friday, June 10, 2011 - 6:29pm | 236ProShares Ultra Silver (ETF) (NYSE: AGQ) led the decliners among the ETFs on Friday, with a 7.73% loss. AGQ closed at $180.29, and it had a volume of 2.18M traded shares. Direxion Daily Real Estate Bull 3X (ETF) (NYSE: DRN) lost 7.63% in the regular trading session, but it added 1.08% in the...
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Benzinga's Top ETF Gainers, June 10th (ZSL, DRV, TVIX, CZI)
Friday, June 10, 2011 - 6:18pm | 201ProShares UltraShort Silver (ETF) (NYSE: ZSL) spiked 8.07% on Friday as silver dropped more than 3%. ZSL closed at $17.82, and it had a volume of 11.08M traded shares. Direxion Daily Real Estate Bear 3X (ETF) (NYSE: DRV) gained 7.58%, and closed at $14.03. In the real estate space, Vornado Realty...
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Swiss Cheese Rally With Holes Everywhere
Thursday, June 9, 2011 - 2:44pm | 339The major stock market indexes are all surging higher this afternoon. The rally is broad based as energy, commodities, agriculture, retail, and technology are all trading higher. While this move is very strong today on the surface there are still some pockets of weakness in the market place that...
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Agree Realty Retenants Former Borders in Wichita, Kansas
Thursday, June 9, 2011 - 1:34pm | 67Agree Realty Corporation (NYSE: ADC) today announced the execution of a ten year lease with Vitamin Cottage Natural Food Markets, Inc. in the former Borders Books location in Wichita, Kansas. Vitamin Cottage, operating since 1955, is a growing national chain of 45 Natural Grocers by Vitamin...
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S&P 500 Financial Sector Update 6/9/11
Thursday, June 9, 2011 - 12:07pm | 396The Financial Sector is one of the strongest areas of the S&P 500 in today's session, currently trading up 1.3% from yesterday's close. Today's best performing stocks in that sector are: 1) Moody's (NYSE: MCO): Shares of Moody's are currently trading up 3.5% from yesterday's close to $40.80....
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Kite Realty Group Trust Enters into a $200 Million Unsecured Credit Facility
Tuesday, June 7, 2011 - 8:09am | 143Kite Realty Group Trust (NYSE: KRG) announced today that it has entered into an amended and restated three-year $200 million unsecured revolving credit facility with a one-year extension option. Terms of the agreement include pricing at LIBOR plus 225 to 325 basis points depending on the Company's...
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Kite Realty Group Trust Enters into a $200 Million Unsecured Credit Facility
Tuesday, June 7, 2011 - 8:09am | 143Kite Realty Group Trust (NYSE: KRG) announced today that it has entered into an amended and restated three-year $200 million unsecured revolving credit facility with a one-year extension option. Terms of the agreement include pricing at LIBOR plus 225 to 325 basis points depending on the Company's...
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Bank of America Provides Color on Simon Property
Tuesday, June 7, 2011 - 6:09am | 129According to a recent report, Bank of American recently sat down for dinner with executives from Simon Property (NYSE: SPG). The SPG executives remain optimistic about prospects to grow their portfolio and although the overall tone of the meeting was upbeat, SPG acknowledged the decreasing GDP...