ccording to the Trippel Survey & Research LLC Seventh Annual Relocation Managers Survey: Relocation Management Company Industry©, SIRVA Relocation LLC ranked second in overall performance and satisfaction among the industry’s top six largest relocation companies. The company achieved the highest scores among the six largest relocation providers in eight of the 24 areas surveyed, and it also placed as one of the top three providers in 22...
BioMed Realty Trust, Inc. announced that Alan D. Gold, BioMed’s President and Chief Executive Officer, was named the national winner of the Ernst & Young LLP Entrepreneur Of The Year® 2008 Award in the Real Estate, Construction and Hospitality category. Ernst & Young’s program recognizes outstanding entrepreneurs who have built and lead dynamic, high-growth businesses on a regional, national and global level. Mr. Gold was selected...
Pure Industrial Real Estate Trust is pleased to announce that its Board of Trustees has approved a cash distribution of $0.025 per trust unit for the period from November 1, 2008 to November 30, 2008 (equivalent to $0.30 per trust unit on an annualized basis). This distribution will be paid on December 15, 2008 to unitholders of record at the close of business on November 28, 2008. The policy of Pure Industrial Real Estate Trust is to pay cash distributions...
InnVest Real Estate Investment Trust (“InnVest” or the “Trust”)(TSX:INN.UN) announced today that it has declared a distribution of $0.0625 per unit payable on December 15, 2008 to Unitholders of record as at the close of business December 1, 2008. The November distribution represents a one third reduction from monthly distributions of $0.09375 per unit that have been paid since the Trust’s inception in 2002. “InnVest...
Sunstone Hotel Investors, Inc. (NYSE: SHO) announced today that it has designated the new shelf registration statement that it filed on November 6, 2008 with the Securities and Exchange Commission (the “Commission”) to replace the existing shelf registration statement that was previously designated on October 12, 2007 pursuant to the terms of the Registration Rights Agreement among it, Sunstone Hotel Partnership, LLC (the “Operating...
General Growth Properties, Inc. (NYSE: GGP ) announced it has extended the expiration date of its Rights Agreement to November 18, 2010. The Rights Agreement was originally adopted with an expiration date of November 18, 2008. In connection with this extension, the purchase price of each right issued under the Rights Agreement was changed from $148 to $105. As a result, the holder of each right is entitled to purchase one-third of one one-thousandth...
CWCapital Investments (CWCI), a full service, commercial real estate investment management firm, announced that it has hired Hugh Hall as Managing Director. Hall will report to CWCI President Charles Spetka, and will be working to develop new capital sources and investment opportunities for CWCI, including the creation of a third-party, managed fund focused on mortgages and senior debt. Mr. Hall was a founder of Gramercy Capital Corp. and served as...
T. Rowe Price (Nasdaq: TROW ) has expanded its global investment opportunities by launching the Global Large-Cap and Global Real Estate strategies. Individual and institutional investors can invest in the strategies through a retail fund and institutional strategy. Additionally, Advisor Class shares are available through financial intermediaries. The Global Large-Cap and Global Real Estate strategies will employ the firm’s demonstrated expertise...
Artis Real Estate Investment Trust announced that its trustees have declared its regular monthly cash distribution of $0.09 per trust unit (“Unit”) of Artis for the month of November, 2008. The cash distributions will be made on December 15, 2008 to Unitholders of record on November 30, 2008. As at the date hereof, there are an aggregate of 33,054,561 Units and Class B exchangeable limited partnership units of AX L.P. issued and outstanding. Artis...
Prime Group Realty Trust Chicago-based real estate investment trust (REIT), announced today that the premier, Class A, 975,000 square-foot Continental Towers office complex in Rolling Meadows, IL, controlled and managed by Prime Group Realty Trust, was recently named “The Outstanding Building of the Year” (TOBY) for the Chicago Suburban market by the Building Owners and Managers Association (BOMA) of Suburban Chicago. This is the fourth time in...