Liberty Property Trust Announces Acquisition of Republic Property Trust 
MALVERN, PA (REIT Media) July 24, 2007 - Liberty Property Trust (NYSE:LRY) and Republic Property Trust (NYSE:RPB) announced today that they have entered into a definitive agreement pursuant to which Liberty will acquire Republic for $14.70 per fully diluted share and unit in cash and will assume debt, which was approximately $415 million as of March 31, 2007. Total consideration is approximately $900 million.
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Jul.24.2007. 07:30
Liberty Property Trust Announces 2007 Second Quarter Results
MALVERN, PA (REIT Media) July 23, 2007 - Liberty Property Trust (NYSE:LRY) reported that net income per common share (diluted) was $0.57 for the quarter ended June 30, 2007, compared to $0.76 per share for the quarter ended June 30, 2006. For the six-month period ended June 30, 2007, net income per common share (diluted) was $1.00, compared to $1.76 per share for the same period in 2006.
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Continue reading Comments (0) Jul.23.2007. 20:10
Lexington Realty Trust Second Quarter 2007 Earnings Conference Call Has Been Changed To August 8, 2007 at 2:00 PM
NEW YORK, NY (REIT Media) July 23, 2007 - Lexington Realty Trust ("Lexington") (NYSE:LXP), a real estate investment trust (REIT) focused on single-tenant real estate investments, announced that its second quarter 2007 earnings conference call has been changed to 2:00 pm Eastern Time on Wednesday, August 8, 2007.
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Continue reading Comments (0) Jul.23.2007. 17:00
Highwoods Properties Awarded 62,000-Square Foot Build-to-Suit Lease by Comcast Corporation in Memphis
RALEIGH, NC (REIT Media) July 23, 2007 - Highwoods Properties, Inc. (NYSE:HIW), the largest owner and operator of suburban office properties in the Southeast, today announced that it has been awarded a build-to-suit lease in Memphis for approximately 62,000 square feet by Comcast Corporation. Under the terms of the agreement, Highwoods will invest approximately $9.4 million in the project, which will be located on a 6.3 acre site the Company already owns in the Southwind Commercial area of Memphis.
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Continue reading Comments (0) Jul.23.2007. 09:52
Urstadt Biddle Properties Inc. Announces Completion of Refinance of $53 Million Mortgage Loan at the Ridgeway Shopping Center at a Lower Interest Cost
GREENWICH, CT (REIT Media) July 20, 2007 - Urstadt Biddle Properties Inc. (NYSE:UBA) announced today that it has completed the mortgage refinancing of its largest retail property, the Ridgeway Shopping Center in Stamford, Connecticut. The existing first mortgage loan with an outstanding balance of approximately $53 million was to become due in December 2007 with an interest rate of 7.54%. The first mortgage loan was extended for an additional ten year period and the fixed interest rate reset to 5.52% per annum. The mortgagee is an affiliate of JP Morgan Chase Bank.
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Continue reading Comments (0) Jul.20.2007. 12:06
Cousins Properties Declares 2007 Third Quarter Preferred and Common Stock Dividends
ATLANTA, GA (REIT Media) July 19, 2007 - Cousins Properties Incorporated (NYSE:CUZ) announced today that its Board of Directors has declared a regular quarterly cash dividend on its Series A Cumulative Redeemable Preferred Stock.
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First Potomac Realty Trust Declares 2007 Second Quarter Dividend
BETHESDA, MD (REIT Media) July 17, 2007 - First Potomac Realty Trust (NYSE:FPO) today announced that its Board of Trustees has declared a dividend of $0.34 per common share for the Company's second quarter ended June 30, 2007.
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Continue reading Comments (0) Jul.17.2007. 10:10
