Tuesday Morning Corp. CEO Kathleen Mason did what analysts said she couldn’t do — drive earnings in second quarter 2002 on flat comp-store sales. The Dallas-based closeout chain recently announced an 83% growth in...
AT&T has sold its Basking Ridge, N.J. headquarters to Peapack, N.J.-based Pharmacia Corp. for $200 million. The campus, featuring 1.3 million sq. ft. of office space, is located on 140 acres of property...
Phase II of the 282,000 sq. ft. MetLife Plaza in Queens, N.Y., is under way. New York-based owner Brause Realty Inc. broke ground on the 12-story project, which will house Metropolitan Life Insurance Co. as the single...
A joint venture of Aurora, Colo.-based ProLogis and GIC Real Estate has created a $1 billion fund to acquire properties in Japan. GIC Real Estate is the real estate investment arm of the Government of Singapore...
Chicago-based Jupiter Realty Corp. has broken ground for a 155,500 sq. ft. office building at 1747 West Roosevelt Road in Chicago. The four-acre site is within the Illinois Medical District (IMD), a not-for-profit...
GE Asset Management has purchased Boston’s 334,949 sq. ft. Independence Wharf from Modern Continental Enterprises. The price was not disclosed. The landmark building is located at 470 Atlantic Avenue on the waterfront...
Nashville’s Opry Mills is now wholly owned by Arlington, Va.-based The Mills Corp. The self-managed REIT purchased the remaining 33% of Opry Mills that it did not own for $87 million from joint venture partner...
Wal-Mart is celebrating its 40th birthday at the store where it all began. On July 2, 1962, the first Wal-Mart opened its doors in Rogers, Ark., at the Shelby Lane Mall. The 35,000-sq.-ft. store employed 25 sales...
Konover Property Trust’s preferred shareholders are up in arms. Holders of the Cary, N.C.-based REIT’s series A convertible preferred stock are speaking out against the proposed absorption of Konover into a Kimco...
Chicago-based Arthur Andersen LLP has finalized an agreement with building owner Boston Properties Inc. to terminate its lease of 650,000 sq. ft. in Times Square Tower. Enron-related problems are blamed for the...
