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Yahoo! Finance: Property Management Industry News

Tue, 07 Sep 2010 21:53:00 GMT: Grubb & Ellis Healthcare REIT II Acquires Joplin Long-Term Acute Care Hospital in Missouri
[PR Newswire] - Grubb & Ellis Healthcare REIT II, Inc. today announced that it has acquired Joplin Long-Term Acute Care Hospital, a single-story, 26,000-square-foot, Class A single-tenant medical facility in Joplin. The acquisition closed on Aug. 31.

Tue, 07 Sep 2010 20:59:00 GMT: Grubb & Ellis Company Declares Preferred Stock Dividend
[PR Newswire] - Grubb & Ellis Company , a leading real estate services and investment firm, announced today that its board of directors has declared a dividend of $3.00 per share on the company's 12% Cumulative Participating Perpetual Convertible Preferred Stock to stockholders of record as of September 17, 2010. The dividend is for the quarterly period from July 1, 2010 and is payable on September 30, 2010.

Tue, 07 Sep 2010 20:00:00 GMT: Capital Trust Conference Call to Discuss Third Quarter 2010 Results Scheduled for October 27, 2010
[PR Newswire] - Capital Trust, Inc. will conduct a management conference call at 10:00 AM Eastern Time on Wednesday, October 27, 2010 to discuss third quarter 2010 results. The Company will be filing its Form 10-Q and issuing a press release after market close on Tuesday, October 26, 2010.

Tue, 07 Sep 2010 18:28:47 GMT: Grubb & Ellis to offer property management service
[AP] - Commercial real estate company Grubb & Ellis Co. said Tuesday it will begin offering residential property management services nationwide through a partnership with Kettler Inc.

Tue, 07 Sep 2010 15:08:00 GMT: Xanadu Lender Group Retains Jones Lang LaSalle to Provide Asset Management Services
[PR Newswire] - In an effort to accelerate completion of the Meadowlands Xanadu entertainment and retail complex, the consortium of lenders that recently acquired control of the asset , announced today that Jones Lang LaSalle has been retained as the exclusive asset and property management firm for the complex.

Tue, 07 Sep 2010 14:41:00 GMT: Grubb & Ellis Forms Strategic Alliance With Kettler Inc. to Offer Residential Property Management Services Nationwide
[PR Newswire] - Grubb & Ellis Company , a leading real estate services and investment firm, today announced that it has established a strategic alliance with Kettler Inc., one of the Mid-Atlantic's largest real estate and property management firms, to provide residential property management services nationwide.

Tue, 07 Sep 2010 14:34:03 GMT: Forest City gets $85M loan on New York property
[AP] - A subsidiary of Forest City Enterprises Inc. received a 10-year, $85 million fixed-rate mortgage loan for its retail property in New York's Times Square, the property owner said Tuesday.

Tue, 07 Sep 2010 12:30:00 GMT: Forest City Announces Closing of $85.0 Million Financing for 42nd Street Entertainment Retail Property in New York City
[PR Newswire] - Forest City Enterprises, Inc. today announced that a subsidiary closed a 10-year, $85.0 million, fixed-rate mortgage loan for its 42nd Street entertainment retail property in New York City. The new financing is at an interest rate more than 325 basis points lower than that of the loan it replaces, significantly increasing the cash flow generated by the property.

Mon, 06 Sep 2010 18:42:11 GMT: Top-end retailers snap up Bond St premises
[at Financial Times] - Upmarket retailers have accounted for more than three-quarters of property acquisitions in Bond Street in the past year as demand for luxury goods grows.

Fri, 03 Sep 2010 14:53:17 GMT: E-House's New Act in China

Thu, 02 Sep 2010 22:53:09 GMT: Suitors line up for Regent Street
[at Financial Times] - The Crown Estate, which controls sovereign land and property in the UK, has drawn up a shortlist of potential investors in its £1.6bn Regent Street estate.

Thu, 02 Sep 2010 18:05:07 GMT: Kendall's Sunset Gardens sold for $28.5M

Wed, 01 Sep 2010 20:05:00 GMT: Forest City Enterprises Notice of Second-Quarter 2010 Earnings and Conference Call
[PR Newswire] - Forest City Enterprises, Inc., will release its second-quarter 2010 financial results on Wednesday, September 8, 2010, after the NYSE close, and will hold a conference call with investors on Monday, September 13, 2010 at 11:00 a.m.

Wed, 01 Sep 2010 19:09:00 GMT: New England Realty Associates (NYSE AMEX: NEN) Declares Distribution
[PR Newswire] - On September 30, 2010, New England Realty Associates Limited Partnership will make a distribution to its Class A Limited Partners and holders of Depositary Receipts. Class A Limited Partners and holders of Depositary Receipts of record as of September 15, will be entitled to a quarterly distribution in the amount of $7.00 per Class A Partnership Unit, or $.70 per Depositary Receipt. Each Depositary Receipt represents a beneficial ownership of one-tenth of a Class A Partnership Unit. Depositary Receipts are listed on NYSE AMEX under the trading symbol "NEN".

Wed, 01 Sep 2010 11:00:00 GMT: ProGreen Properties, Inc. Engages New Audit Firm

Wed, 01 Sep 2010 03:15:19 GMT: Yanlord Sells $104 Mln of Apartments in Two Days in Nanjing

Tue, 31 Aug 2010 16:11:00 GMT: 30% - 40% Rental Growth Forecasted For Vornado Realty Trust (VNO) In The Current Construction Slump
[Wall Street Transcript] - 67 WALL STREET, New York - August 31, 2010 - The Wall Street Transcript has just published its REITs Report offering a timely review of the sector to serious investors and industry executives. This Special feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Tue, 31 Aug 2010 13:00:00 GMT: DuPont Fabros Technology, Inc. Expands Unsecured Revolving Credit Facility
[PR Newswire] - DuPont Fabros Technology, Inc. today announced that the Company utilized the accordion feature under its unsecured revolving credit facility to increase the current borrowing amount from $85 million to $100 million. This $15 million increase fully maximizes the facility's accordion feature. The other key terms of the credit facility, which expires on May 6, 2013, remain unchanged. The credit facility may be used for general corporate purposes, including funding of the company's development pipeline. As of the date of this release, there have been no borrowings under this facility.

Mon, 30 Aug 2010 20:14:00 GMT: Forest City Selected by U.S. Air Force for Military Family Housing at Four Southern Group Bases
[PR Newswire] - Forest City Enterprises, Inc., today announced that its Forest City Military Communities subsidiary has been selected by the U.S. Air Force to privatize military family housing at four bases in the southeastern United States.

Mon, 30 Aug 2010 15:42:22 GMT: Grubb & Ellis Apartment REIT buys assets for $182M
[AP] - Grubb & Ellis Apartment REIT Inc. said Monday it's buying nine apartment buildings from MR Holdings LLC affiliates and all assets of property manager Mission Residential Management LLC for $182 million.