April 12, 2003
* Producer Teri Schwartz has been appointed the first dean of Loyola Marymount University's School of Film and Television. Schwartz's credits include "Sister Act" and "Beaches." The school was spun off from the College of Communication and Fine Arts in June. * Mack-Cali Realty Corp., Highridge Partners and a third investor sold an office building in Anaheim to a unit of Principal Financial Group Inc. for $52.2 million. Stadium Gateway, a 273,194-square-foot office building, was Cranford, N.J.
March 10, 2000 |
New Horizons Worldwide Inc., a major provider of computer training, said Thursday that its main office and training centers will be consolidated next year in a new six-story building under construction in Anaheim. The company said it has signed a 10-year, $20-million lease to occupy 75,000 square feet in Stadium Gateway, one of several office buildings being developed near Edison International Field.
March 7, 2006 |
Private equity firm Blackstone Group has agreed to acquire office property company CarrAmerica Realty Corp. for about $5.6 billion. Shares of CarrAmerica rose $3.45, or 8.4%, to $44.53. The deal values CarrAmerica shares at $44.75 each in cash, an 18.4% premium on the stock's close Feb. 16, just before published reports about a potential acquisition, Washington, D.C.-based CarrAmerica said. The acquisition is expected to close in the second quarter.
June 29, 2000 |
Mack-Cali Realty Corp. agreed Wednesday to buy Prentiss Properties Trust for $917 million in stock and $1.3 billion in assumed debt, sending both companies' shares down. The combination would create the fourth-largest real estate investment trust and give Mack-Cali more office space in states and cities in which technology companies have been expanding rapidly, such as California; Washington, D.C.; and Austin, Texas. Mack-Cali said the purchase wouldn't add to earnings until 2002, though.
December 5, 2006 |
Billionaire financier Carl Icahn outlined a new, $4.3-billion bid for Reckson Associates Realty Corp. on Monday, this time on his own after two partners withdrew over the weekend. Icahn said in a letter that he would submit a formal proposal to Reckson by today. On Wednesday, shareholders are scheduled to complete a vote on a rival bid from SL Green Realty Corp. Reckson's board has recommended accepting the SL Green proposal. The vote had been postponed, to Nov. 28 from Nov.
September 23, 1998 |
Are real estate investment trust stocks in full-recovery mode? The shares continued their torrid run Tuesday, surging about 4% after the group was raised to "buy" from "hold" by Donaldson, Lufkin & Jenrette Inc. analyst Larry Raiman, the second analyst in two days to raise his ratings. The Morgan Stanley REIT index jumped 3.9%, notching its biggest gain since its launch in 1995. It was led by Equity Residential Properties Trust, up $3.31 to $43.50; Glendale-based Public Storage Inc., up $2.