Archive for January, 2009

Prudential Beacon Realty Merges With Prudential Lifestyle Realty (PRWeb via Yahoo! News)

Written by Admin on Saturday, January 31st, 2009 in Uncategorized.

Two major Western North Carolina real estate companies, Prudential Lifestyle Realty of Asheville, and Prudential Beacon Realty of Hendersonville and Brevard, have merged. Both companies will now be known as Prudential Lifestyle Realty

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Poplar Point Developer Pulls Out (Washington Post)

Written by Admin on Saturday, January 31st, 2009 in Uncategorized.

Clark Realty Capital won’t partner with D.C. on Anacostia project, citing risks in capital market.

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Acadia Realty Acquires Cortlandt Towne Center for $78M (Commercial Property News)

Written by Admin on Saturday, January 31st, 2009 in Uncategorized.

Through Acadia Strategic Opportunity Fund III L.L.C., its third discretionary investment fund, Acadia Realty Trust has purchased Cortlandt Towne Center for $78 million.

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Brandywine Realty Trust announced today that its operating partnership, Brandywine Operating Partnership, LP , has accepted for purchase $40,279,000 of its 4.50% Guaranteed Notes due November 1, 2009 which were validly tendered pursuant to its previously announced cash tender offer for the Notes .

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INDIANAPOLIS—-Kite Realty Group Trust announced today that it will release financial results for the quarter and year ended December 31, 2008 after the market closes on Wednesday, February 18th.

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BioMed Realty Trust, Inc. today amended its news release “BioMed Realty Trust Announces Tax Treatment of 2008 Distributions” issued January 20, 2009 with respect to the Taxable Ordinary Dividend and Return of Capital distributions for the four quarterly dividends displayed in the Common Stock table.

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CHICAGO—-Prime Group Realty Trust , a Chicago-based publicly traded real estate investment trust , today reported the tax treatment for its 2008 Series B Cumulative Redeemable Preferred Share dividend.

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NEW YORK—-Acadia Realty Trust announced today that it has purchased Cortlandt Towne Center through Acadia Strategic Opportunity Fund III, LLC , its third discretionary investment fund.

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Xavier Bajana joins Prudential Rand Realty (The Photo News)

Written by Admin on Friday, January 30th, 2009 in Uncategorized.

Central Valley — Xavier Bajana has joined Prudential Rand Realty’s Monroe/Woodbury office as a licensed real estate salesperson.

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NorthStar Realty Finance Corp. , an internally managed REIT that primarily originates and invests in commercial real estate debt, real estate securities and net lease properties, today announced that it will host a conference call to discuss fourth quarter and full year financial results for the period ended December 31, 2008 on Tuesday, February 24, 2009 at 2:00 p.m.

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