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Melissa Solis Promoted to Chief Accounting Officer of Federal Realty Investment Trust
Monday, June 6, 2011 - 3:33pm | 61Federal Realty Investment Trust (NYSE: FRT) today announced that Melissa Solis has been promoted to vice president - chief accounting officer, effective July 1, 2011. Previously, Mrs. Solis was controller for the Trust. In her new role Melissa will oversee all aspects of the Trust's accounting...
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Options Brief: Getty Realty Corp.
Monday, June 6, 2011 - 9:06am | 83Shares of Getty Realty Corp. (NYSE: GTY) are higher on the session by 0.04%, trading at $24.50. Overall call volume is now running at 2.68x the daily average, with 0% of all calls traded being purchases on the offer. 1,500 contracts have traded on the session so far. Getty Realty Corp is a real...
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Inland Real Estate Corporation Announces Acquisition of Grocery-Anchored Retail Center in Chicago Metropolitan Area
Monday, June 6, 2011 - 8:03am | 213Inland Real Estate Corporation (NYSE: IRC) today announced that its joint venture with PGGM has acquired Red Top Plaza, a 151,840 square foot neighborhood shopping center located in the Village of Libertyville, a northern suburb of Chicago, Illinois. Red Top Plaza is anchored by SUPERVALU INC.'s...
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Tanger Signs Commitment With Wells Fargo Bank for $150 Million Senior Unsecured Bridge Facility
Monday, June 6, 2011 - 7:34am | 166Tanger Factory Outlet Centers (NYSE: SKT) announced today that it has executed a commitment letter for a $150 million senior unsecured bridge facility with Wells Fargo Bank, National Association. The facility may be used to fund the acquisition of properties and for general corporate purposes and...
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General Growth Properties and Macerich Announce Property Swap and Cash Deal
Monday, June 6, 2011 - 6:01am | 81General Growth Properties, Inc. (NYSE: GGP) and Macerich (NYSE: MAC) today announced a deal in which Macerich will acquire GGP's 1/3 ownership each of Superstition Springs and Arrowhead Towne Center, both in the Phoenix market, for a net of $75,000,000 cash to GGP. As part of the deal, GGP will...
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General Growth Properties Down Sharply Since Reuters Report
Friday, June 3, 2011 - 12:38pm | 106General Growth Properties, Inc (NYSE: GGP) shares have done nothing but sell off since the report out of Reuters that the company would spin 35 of its non-core properties off into a real estate investment trust. At last check, shares were off 23 cents to $16.27, after having hit a high of $16.80...
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Morgan Keegan Maintains Market Perform Rating on Cedar Shopping Centers
Thursday, June 2, 2011 - 7:04am | 145Cedar Shopping Centers Inc. (NYSE: CDR) announced that President and CEO Leo Ullman will retire, effective June 15, 2011, Morgan Keegan reports. “Bruce Schanzer has been named President and CEO to replace Mr. Ullman,” Morgan Keegan writes. “Last week, CDR announced the hiring of Phillip Mays as...
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KBW Has Market Perform On Urstadt Biddle Properties Inc.
Thursday, June 2, 2011 - 6:33am | 117KBW has a Market Perform rating and a $20 price target on shares of Urstadt Biddle Properties Inc. (NYSE: UBA). In a note to clients, KBW writes, "Initiating coverage of small-cap niche strip shopping center REIT Urstadt Biddle Properties Inc. (UBA) with a Market Perform rating and a 12-month...
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Benzinga's Top ETF Decliners, June 1st (AGQ, FAS, TNA, SOXL, DRN)
Wednesday, June 1, 2011 - 6:06pm | 254ProShares Ultra Silver (ETF) (NYSE: AGQ) led the decliners among the ETFs on Wednesday, with a loss of 9.69%. AGQ closed at $187.12, and it had a volume of 3.01M traded shares. Direxion Daily Financial Bull 3X Shares(ETF) (NYSE: FAS) dropped 9.53% today as Bank of America Corporation (NYSE: BAC)...
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Cedar Shopping Centers Announces President and CEO Leo Ullman to Retire June 15, 2011
Wednesday, June 1, 2011 - 7:07am | 156Cedar Shopping Centers, Inc. (NYSE: CDR) a fully-integrated real estate investment trust focused primarily on the ownership, operation, development and redevelopment of supermarket-anchored shopping centers in coastal mid-Atlantic and Northeast coastal states today announced that Leo S. Ullman,...
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Benzinga's Top ETF Decliners, May 31st (CZI, DPK, TVIX, DRV)
Tuesday, May 31, 2011 - 6:18pm | 185Direxion Daily China Bear 3x Shares ETF (NYSE: CZI) dropped 7.30% on Tuesday as PetroChina Company Limited (ADR) (NYSE: PTR) traded 3.27% higher. Direxion Daily Developed Markets Bear 3x Shares(ETF) (NYSE: DPK) closed its fifth consecutive trading session in the negative territory. DPK fell 5.88...
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Post Properties Announces Donald C. Wood to Join Board of Directors
Tuesday, May 31, 2011 - 4:01pm | 46Post Properties, Inc. (NYSE: PPS), announced today that Donald C. Wood, age 50, President and CEO of Federal Realty Trust (NYSE: FRT), has been appointed to the Company's Board of Directors.
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Following Simon Property Group Meetings, Goldman Sachs Comments on the Stock
Friday, May 27, 2011 - 7:44am | 138Following meetings with Chief Financial Officer Steve Sterrett, Goldman Sachs is commenting on Simon Property Group Inc. (NYSE: SPG). “In recent news, the company announced a letter of intent to build the first Premium Outlet Center in Canada, a site that is roughly three miles away from Tanger's...
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National Retail Properties Announces New and Expanded $450 Million Unsecured Credit Facility
Wednesday, May 25, 2011 - 3:32pm | 66National Retail Properties (NYSE: NNN) announced the closing of a new $450 million unsecured credit facility, replacing its existing $400 million credit facility. The new facility matures May 2015, with an option to extend maturity to May 2016. The facility is priced at LIBOR plus 150 basis points...
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Simon Property Group and Calloway REIT Announce Premium Outlets Coming to Canada
Monday, May 23, 2011 - 9:19am | 56Simon Property Group, Inc. (NYSE: SPG) and Calloway Real Estate Investment Trust announced today that they have signed a Letter of Intent to develop the first Premium Outlet Center® in Canada. The center will be located in the Town of Halton Hills, Ontario, just 15 minutes outside of Toronto.