Maguire Properties Signs Approximately 45,000 Square Foot Lease with InnovaSystems International, Inc.

Maguire Properties, Inc., a Southern California-focused real estate investment trust, announced today it has executed a new lease with InnovaSystems International, Inc. for approximately 45,000 square feet at 2385 Northside Drive, which is part of the Mission City Corporate Center in San Diego, California. InnovaSystems is expected to take occupancy in the first quarter of 2010. Mr. Nelson C. Rising, President and Chief Executive Officer, commented,... 

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Roberts Realty Investors, Inc. Increases Stock Repurchase Program To 300,000 Shares

Roberts Realty Investors, Inc. announces that its Board of Directors has amended its stock repurchase program to authorize the company to repurchase up to 300,000 shares of its outstanding common stock. The company may repurchase shares from time to time by means of open market purchases and in solicited and unsolicited privately negotiated transactions, depending on availability, the company’s cash position and price. Charles S. Roberts, President... 

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AmREIT Announces Plan to Privatize the Company by Discontinuing Trading of Shares on the NYX

AmREIT a Houston-based real estate company that has elected to be taxed as a real estate investment trust, today announced that its Board of Trust Managers has approved the privatization of the Company through withdrawal of its Class A common shares from listing on the NYSE Euronext Exchange (“NYX”, formerly the American Stock Exchange). The company has filed with the NYX its notice of withdrawal of listing of its shares and intends to file with... 

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Prime Group Realty Trust Announces Updated Purchase Price and Timing on Sale of 180 North LaSalle Street

Prime Group Realty Trust announced that Younan Properties, Inc. and an affiliate (“Purchaser”), and the subsidiary of the Company (the “Seller”) that owns 180 North LaSalle Street in Chicago, Illinois (the “Property”), amended the purchase and sale agreement (the “Agreement”) to (i) provide Purchaser certain credits against the Purchase Price, and (ii) remove the Purchaser’s right to extend the closing date past December 17, 2008. ADVERTISEMENT The... 

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Lexington Realty Trust Announces Quarterly Dividend of $0.18 per Common Share and Targeted Common Share Dividend for 2009

Lexington Realty Trust announced that it declared a regular common share dividend/distribution for the quarter ended December 31, 2008 of $0.18 per common share/unit payable on January 15, 2009 to shareholders/unitholders of record on December 31, 2008. Lexington also declared dividends of $0.503125 per Series B Cumulative Redeemable Preferred Share, $0.8125 per Series C Cumulative Convertible Preferred Share, and $0.471875 per Series D Cumulative... 

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Apartment Investment and Management Company Announces Results of Third Quarter 2008 Special Dividend Elections

Apartment Investment and Management Company announced today the results of the stockholders’ elections relating to Aimco’s third quarter 2008 special dividend declared by its Board of Directors on October 18, 2008. The special dividend of $1.80 per share of Class A Common Stock is payable on December 1, 2008, to stockholders of record on October 27, 2008. Aimco’s Class A Common Stock began trading “ex-dividend” for the... 

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Trikona Group Announces Appointment of His Highness Maharaja Gajsinghji of Jodhpur as Chairman of Apodis Hospitality

Trikona Group, which contributes to India’s growth in a socially aware manner by creating new asset classes around real estate and infrastructure, today announced that HHM Gajsinghji of Jodhpur, a leading hotelier in India, has been named Chairman of Apodis Hospitality, the hospitality company affiliated with the Trikona Group. As president of the 150 member Indian Heritage Hotels Association, Gajsinghji has helped shape the hospitality and tourism... 

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Consumer Search Trends Show Increased Interest in Real Estate by Potential Home Buyers

In the midst of one of the most challenging housing markets in recent history, the October comScore Media Metrics report[1] shows visitors on Realtor.com® are spending more time and viewing more pages as they closely track the pulse of the real estate market. Realtor.com, the official website of the National Association of Realtors, is operated by Move, Inc. “We’re encouraged to see continued increases in page views and the time our users... 

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Pershing Square Capital Management Defers Discussion on Real Estate Structuring for Target Corporation Until After the Start of 2009

Pershing Square Capital Management, L.P. announced that it will defer discussions with Target Corporation on a potential real estate transaction until after the new year. On October 29, 2008, Pershing Square outlined a potential transaction in which Target would spin-off what it termed “Target Inflation Protected Real Estate Investment Trust” or TIP REIT, a land-only and facilities services real estate investment trust that would include... 

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Monmouth Real Estate Investment Corporation Will Host Investor Forums in West Palm Beach, Boca Raton, and Tampa, Florida

Monmouth Real Estate Investment Corporation is pleased to announce that it will host three upcoming investor forums to be held on December 9 and 10, 2008, in West Palm Beach, Boca Raton, and Tampa, Florida, respectively. On Tuesday, December 9, 2008, Monmouth Real Estate Investment Corporation and its sister REIT, UMH Properties, Inc. will host an Investors’ Forum in West Palm Beach, Florida, at The Phillips Point Club By The Breakers at 12:00...