Real estate trusts tumble after downgrade Aug 18, 2009
Oppenheimer s Mark Biffert downgraded Boston Properties, Biomed Realty Trust Inc., and health care REIT HCP Inc. to perform from outperform. Cut to underperform from perform were the apartment REITs and UDR Inc. and the diversified REIT Washington Real Estate Investment. (Boston Globe)
Delayed Financing Bringing Luxury Buyers Back to the Market Apr 29, 2009
" After careful underwriting, MFC was able to structure the transaction in a way that allowed the borrower to acquire the property from the local school district. With a $28,000,000 HUD loan, the borrower plans to construct a residential complex, which will include affordable housing for the retirement community in the area. Another firm doing well in this challenging environment is the Program Solutions Group, a Toledo-based commercial construction company who has achieved growth, prosperity... (RealtyTimes)
Axlemaker Dana, Leaving Idyllic 'Palace,' Auctions Candelabras, Go-Karts Mar 15, 2009
Dana hopes to avoid such a fate with cost-cutting efforts such as selling its headquarters to Health Care REIT Inc.. Ive never been to the palace, said Richard Roznowski, 75, who worked at Dana for 35 years as a precision-gauge grinder, making tools used to produce parts. (Bloomberg -- US)
Hutchens new president, COO of NHI Feb 19, 2009
Adams says NHI has more than $100 million in cash and calls Hutchens new role one of the most unique opportunistic positions within the health care REIT universe. NHI s stock was trading at $25. (Nashville Business Journal, TN)
