Price/LTM FFO
Rufrano Resigns From GGP Board to Avoid Conflict of Interest
Glenn Rufrano has resigned from the General Growth Properties Board of Directors due to his recent appointment as president and chief executive officer of Cushman & Wakefield Inc.
PREIT Advances Capital Plan with New $670M Credit
In the current lending climate, it’s a rare occasion that a REIT can obtain over half a billion dollars in financing, but Pennsylvania Real Estate Investment Trust has done just that. The Philadelphia-based retail REIT recently got its hands on a $670 million secured credit facility. But, according to PREIT, the coup had nothing to do with the slow thawing of the credit markets.
Economy Watch: GGP on its Feet?
Chicago-based General Growth Properties Inc. may be able to sidestep Simon Property Group and other unwanted suitors under a formal proposal made on Monday by Fairholme Capital Management L.L.C., one of its largest unsecured creditors, and Pershing Square Capital Management, one of GGP’s largest equity holders and a significant unsecured creditor as well.
Nationwide Acquires Five Pacific Medical Buildings to the Tune of $211M
Newport Beach, Calif.-based Nationwide Health Properties has acquired five additional medical buildings with an aggregate transaction value of $211 million.
Inland Western Leases 316,050 SF of Big-Box Space
Oak Brook, Ill.-based Inland Western Retail Real Estate Trust has signed 10 new leases totaling 316,050 square feet of big-box space since November 2009.
General Growth Plans Return to NYSE
General Growth Properties is looking to get back to where it once belonged.
Healthcare Trust Goes on $84M MOB Shopping Spree
When it comes to occupancy levels, the medical office building sector has been faring a great deal better than the traditional office market, and Healthcare Trust of America Inc. is doing its level best to enhance its portfolio at a time when many office property owners are still sitting on the sidelines.
Healthcare Trust of America Acquires 54,800 SF Medical Office Portfolio for $10.5M
Healthcare Trust of America, Inc., on Thursday announced its acquisition of a Pearland, Tex. medical office portfolio for $10.5 million. The purchase expands the real estate investment trust’s Texas portfolio to more than one million square feet.
Starwood to Acquire $503M Loan Portfolio
Real estate finance and investment REIT Starwood Property Trust announced on Friday that it will acquire a $503 million portfolio of performing commercial loans from TIAA-CREF.
GGP to Simon: $10B Offer ‘Not Sufficient’
General Growth Properties has a message for fellow mall operator Simon Property Group: Thanks, but you’ve got competition.