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Tanger Outlet Centers and The Peterson Companies Announce Joint Venture to Develop Tanger Outlets at National Harbor
Monday, May 23, 2011 - 7:33am | 157Tanger Factory Outlet Centers, Inc., (NYSE: SKT) and The Peterson Companies announced today that they have entered into an agreement to form an exclusive joint venture for the development, management and leasing of Tanger Outlets at National Harbor. National Harbor, the Washington, DC metro area's...
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Ramco-Gershenson Acquires Grocery-Anchored Shopping Center in Metropolitan St. Louis, Missouri
Monday, May 23, 2011 - 7:03am | 95Ramco-Gershenson Properties Trust (NYSE: RPT) announced today that it has acquired Heritage Place, a 270,000 square foot shopping center in Creve Coeur, a suburb of St. Louis, Missouri. Heritage Place is anchored by a 74,721 square foot Dierberg's Supermarket. Dierberg's is a dominant upscale...
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JP Morgan Raises PT On Acadia Realty Trust To $19
Monday, May 23, 2011 - 5:34am | 28JP Morgan has raised the price target on Acadia Realty Trust (NYSE: AKR) from $18 to $19 and maintains its Neutral rating.
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Equity One Announces Pricing of 5M Share Offering at $19.42 per Share
Thursday, May 19, 2011 - 7:55am | 100Equity One, Inc. (NYSE: EQY) announced today the pricing of its underwritten public offering of 5.0 million shares of its common stock on May 18, 2011, at a price to the public of 19.42 per share. The Company also granted the underwriters a 30-day option to purchase up to an additional 750,000...
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Jefferies Reiterates Hold Rating on Developers Diversified Realty
Thursday, May 19, 2011 - 7:01am | 95After “commendable efforts to delever its balance sheet over the past two years, the story at Developers Diversified Realty (NYSE: DDR) has shifted to more of an offensive mindset with a growing acquisition/development pipeline,” Jefferies reports. “That said, we reiterate our Hold rating as the...
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Equity One Announces Offering of 5.0M Shares of Common Stock
Wednesday, May 18, 2011 - 3:17pm | 84Equity One, Inc. (NYSE: EQY) announced today that it will issue and sell 5.0 million shares of its common stock in a public offering. Barclays Capital Inc. is acting as sole book running manager for the offering. The Company intends to use the net proceeds for the repayment of amounts currently...
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Why Oil Companies won't continue their profitable run?
Wednesday, May 18, 2011 - 8:39am | 1608While major Oil Companies have felt the recession, they're still high enough to indicate a killer business. Majority of oil companies been steadily raising dividends by a decent average Chevron (CVX)- a trailing annual dividend yield of 2.6%, ExxonMobil (XOM), one of the world's largest oil...
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DDR and Target Commence Redevelopments in San Antonio and Denver
Wednesday, May 18, 2011 - 7:59am | 76Developers Diversified Realty Corporation (NYSE: DDR) today announced plans to raze the Terrell Plaza shopping center in San Antonio, Texas and the existing two-story enclosed mall at Tamarac Square in Denver, Colorado to allow for the sale of these non-income producing parcels to Target for the...
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Federal Realty and Zipcar Announce Program to Offer Environmentally-Friendly Car Sharing Service to Patrons in Washington, D.C. Metro Area
Wednesday, May 18, 2011 - 7:35am | 151Federal Realty Investment Trust (NYSE: FRT) and Zipcar, Inc. (Nasdaq: ZIP) today announced a new program to provide patrons in Washington, D.C. and the metropolitan area access to the world's leading car-sharing network from the Trust's shopping centers. The cost-effective and convenient...
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Garanti Bank Purchases Radware's ADC-VX Virtualization Solution for Intranet and TCP/IP-Based Banking Applications
Wednesday, May 18, 2011 - 6:10am | 165Radware (NASDAQ: RDWR), a leading provider of integrated application delivery solutions for business-smart networking, today announced that Garanti Bank , Turkey's second largest private bank, has purchased Radware's ADC-VX ™, the industry's first Application Delivery Controller (ADC) hypervisor...
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Equity One Announces $55M Manhattan Property Acquisition
Tuesday, May 17, 2011 - 7:05am | 92Equity One, Inc. (NYSE: EQY) announced today the acquisition of a fee interest in a retail condominium located at 161 West 16th Street in Manhattan for $55 million. The property, which is unencumbered, consists of 56,870 square feet and includes almost the entire frontage on the east side of...
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Urstadt Biddle Properties Inc. Announces Extension of Its $30 Million Secured Revolving Credit Facility
Monday, May 16, 2011 - 4:26pm | 81Urstadt Biddle Properties Inc. (NYSE: UBA) announced today it has entered into an amendment of its existing $30 million Secured Revolving Credit Facility with The Bank of New York Mellon (“the Facility”) to extend the maturity date of the Facility to May 16, 2014. Originally scheduled to expire...
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Equity One and New York Common Retirement Fund enter into a JV to Acquire Grocery-Anchored Neighborhood Centers
Monday, May 16, 2011 - 8:59am | 106Equity One, Inc. (NYSE: EQY) announced today that it has formed a joint venture with New York Common Retirement Fund to acquire grocery-anchored centers throughout the United States. The joint venture will be 70% owned by CRF and 30% owned by EQY. Equity One will manage and lease properties...
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Market updates- TMX Group, Kirloskar, Exxon Mobil, XOM, CAG, RAH, TEG, SWC, JCOM, TA, NWN, SWHC
Saturday, May 14, 2011 - 2:09pm | 1033Kirloskar Brothers Ltd. has signed an agreement to sell its entire 100% equity stake in Gondwana Engineers Ltd. for $10.5 million to Doshion Veolia Water Solutions Pvt. Ltd., a unit of Ahmedabad's Doshion Ltd. China Petroleum & Chemical Corp. , or Sinopec, Asia's largest oil refiner by...
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Jefferies & Company Reports on Federal Realty Investment Trust (FRT)
Thursday, May 12, 2011 - 7:04am | 138Jefferies & Company commented on Federal Reality Investment Trust (NYSE: FRT) in a report released yesterday. In the report, Jefferies was mixed on the company. Jefferies writes, “In 1Q11, FRT executed 91 leases for 340K sf of space at avg rent of $30.52 psf, an impressive +11% increase over...