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Vornado Closes $290 Million Construction Financing for Redevelopment of a Portion of its Bergen Town Center, Paramus, New Jersey

PARAMUS, NJ (REIT Media) March 24, 2008 - VORNADO REALTY TRUST (NYSE:VNO) announced today that it has closed a construction loan providing up to $290 million to finance the redevelopment of a portion of its Bergen Town Center, Paramus, New Jersey. This interest-only loan has a rate of LIBOR plus 1.50% and matures in March 2011 with two one-year extension options.

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Continue reading Comments (0) Mar.24.2008. 09:20

American Spectrum Realty Reports 2007 Year End Results

HOUSTON, TX (REIT Media) March 24, 2008 - American Spectrum Realty, Inc. (the Company) (AMEX:AQQ), a real estate investment and management company whose headquarters are located in Houston, Texas, announced today its results for the fourth quarter and year ended December 31, 2007.

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Continue reading Comments (0) Mar.24.2008. 08:34

Getty Realty Corp. Announces Revised Results of Operations for the Quarter and Year Ended December 31, 2007

JERICHO, NY (REIT Media) March 18, 2008 - Getty Realty Corp. (NYSE: GTY) (Getty or the Company) announced that as a result of events arising subsequent to its announcement on February 5, 2008 of the Companys preliminary results of operations for the quarter and year ended December 31, 2007, the Company is revising its preliminary results of operations for those periods.

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Continue reading Comments (0) Mar.18.2008. 08:57

Winthrop Realty Trust Announces the Resignation of Bruce Berkowitz as a Trustee and the Appointment of Steven Zalkind as a Trustee

BOSTON, MA (REIT Media) March 17, 2008 - Winthrop Realty Trust (NYSE: FUR), announced today that Bruce Berkowitz has resigned as a member of the Company's Board of Trustees effective at the close of business on March 14, 2008 and that Steven Zalkind has been elected as a member of the Company's Board of Trustees effective March 17, 2008 to fill the vacancy.

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Continue reading Comments (0) Mar.17.2008. 16:05

Liberty Property Trust Announces Dividend Payable April 15, 2008

MALVERN, Pa., March 17 /PRNewswire-FirstCall/ -- Liberty Property Trust (NYSE: LRY) announced today that its board of trustees has declared a dividend of $0.625 per share on the company's common shares of beneficial interest for the first quarter of 2008. The dividend will be paid on April 15, 2008 to shareholders of record on April 1, 2008.

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Continue reading Comments (0) Mar.17.2008. 12:35

Duke Realty Corporation Announces Its Chief Financial Officer Has Stepped Down

INDIANAPOLIS, IN (REIT Media) March 17, 2008 - Duke Realty Corporation (NYSE:DRE) ("Duke" or the "Company") announced today that Mr. Matthew A. Cohoat has stepped down as the Company's Chief Financial Officer, effective immediately. Mr. Cohoat will remain with the Company as the Senior Vice President - Finance to facilitate the identification and transition of his successor.

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Continue reading Comments (1) Mar.17.2008. 06:00

Urstadt Biddle Properties Inc. Announces Private Placement of $60 Million Series E Preferred Stock

GREENWICH, CT (REIT Media) March 14, 2008 - Urstadt Biddle Properties Inc. (Company) (NYSE: UBA and UBP) today announced that it completed the sale of $60 million of a new Series E Senior Cumulative Preferred Stock (Preferred Stock) in a private placement to WFC Holdings Corporation, a holding company for Wells Fargo Bank N.A. The Preferred Stock pays preferential cumulative cash dividends at the rate of 8.5% per annum and has no stated maturity date and is not subject to any sinking fund or mandatory redemption.

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Continue reading Comments (0) Mar.14.2008. 12:31