Business Specialties Investments
Kimco Realty Buys Plazacorp Retail Properties Shares
July 18, 2008

Kimco Realty Corp'.'s subsidiary, Kimco Realty Services, Inc. purchased 1,000,000 common shares of Plazacorp Retail Properties Ltd., representing approximately 2.14 percent of the outstanding common shares of Plazacorp. The companies now own, in the aggregate, 6,680,032 common shares, representing approximately 14.28 percent of the outstanding common shares of Plazacorp, a publicly traded Canadian company. Kimco Realty Corporation or its affiliates have an option to purchase additional shares or otherwise trade in securities of Plazacorp from time to time depending on market conditions and other considerations.

 
Recent Investments Headlines
Behringer Harvard Expands European Portfolio, Buys 7 Properties
Oct. 07, 2008
Behringer Harvard continues to expand its presence in Central Europe. The company has acquired seven additional assets--a retail property in Hungary, five retail properties in the Czech Republic and a Czech logistics facility--via Wenceslas Behringer Ltd., a joint venture between Behringer Harvard Opportunity REIT I Inc. and St. Wenceslas Property Fund, which was formed in July.
Financial Markets Update: Over the Weekend
Oct. 06, 2008
It might have been a weekend, but there's no rest for attorneys. At least not those involved in the Wachovia-Citigroup-Wells Fargo dispute. A judge has granted Citi an injunction blocking further Wachovia-Wells Fargo negotiations until this Friday. Ping An Insurance Co., a major insurer in China, has seen its stock in free fall in Hong Kong trading after revealing that it will take an impairment charge of $2.3 billion in its third-quarter results because of losses from its stake in Fortis. The German government and various banks have re-formulated a rescue package for Hypo Real Estate Holding -- the federal republic's second-largest property lender -- to the tune of 50 billion euros ($68 billion). Also, Germany said it would guarantee all private bank accounts. something that Ireland and Greece have already done.
Q&A: Trikona's Kalra Says Not Impacted by Down Cycle in India
Oct. 06, 2008
While it is anticipated that it will be short-lived, India is currently facing a cyclical downturn in its economy, according to a recent report by real estate services firm Cushman & Wakefield Inc. However, the temporary deceleration is not stopping New York City-based fund management firm Trikona Capital Ltd. from continuing to move full speed ahead with various projects. Trikona managing director Aashish Kalra spoke to CPN about why his company remains successful in India.
Cominar Takes Montreal Office Tower
Oct. 03, 2008
Cominar Real Estate Investment Trust has purchased a 24-story Class A office property in Downtown Montreal for C$165 million.
blossom hill KW, Guardian Life Partner on $84M San Jose Apartment Purchase
Oct. 03, 2008
Beverly Hills-headquartered Kennedy Wilson Multifamily Management Group and New York City-based Guardian Life Insurance Co. of America have shelled out $84 million for Avalon at Blossom Hill, a 324-unit apartment property in San Jose, Calif., about 50 miles south of San Francisco in the Silicon Valley submarket.
 

 

Hilton Plans 150 Hotels in Caribbean, Latin America
October 07, 2008
By Barbra Murray, Contributing Editor -- Taking yet another big step toward its goal of increasing its international portfolio by 1,000, Hilton Hotels has revealed that the behemoth Beverly Hills-based hospitality concern will step up its presence in the Caribbean...

Parkbridge Completes $32M Financing, Closes on Seniors Communities
October 07, 2008
By Tom Dworetzky, News Editor -- Parkbridge Lifestyle Communities Inc. has announced the completion of a $32 million financing of one of its properties. The financing generated net proceeds of $13.2 million after repayment of a pre-existing first mortgage loan...

ProLogis Leases 460,000 SF in Shanghai
October 07, 2008
By Tom Dworetzky, News Editor -- ProLogis has announced it has leased a total of approximately 460,000 square feet to two customers in Shanghai, China In the Pudong submarket of Shanghai, at ProLogis Park Jinqiao, ProLogis has leased approximately 192,000...

Behringer Harvard Expands European Portfolio, Buys 7 Properties
October 07, 2008
By Elena Gontar, Staff Writer -- Behringer Harvard continues to expand its presence in Central Europe. The company has acquired seven additional assets--a retail property in Hungary, five retail properties in the Czech Republic and a Czech logistics facility--via Wenceslas...

REal Talk with Adam Perrotta-Monday
October 06, 2008
By Adam Perrotta, News Writer --If it's true that misery loves company, the struggling American financial sector can at least take some solace in the fact that Europe is not immune to difficulties of its own, such as the struggles...

Management Matters with Mike Myatt: Partisan Politics Not Always Bad
October 03, 2008
The truth about partisan politics is that contrary to public opinion, it's not always a bad thing. Likewise, bipartisan efforts don't always reflect altruistic behavior and selfless acts. From my perspective, it isn't necessarily the stance you take, but rather...

Management Matters with Mike Myatt: Facing Up to Rogue CEOs
September 26, 2008
By: Mike Myatt, Chief Strategy Officer, N2growth --Rogue CEOs. Given the recent failures of banks and financial institutions previously thought to be untouchable, there has been a tremendous amount of justifiable venom being spewed at the CEOs of these firms....

When to Consider Corporate Restructuring
September 19, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Times are tough, and they're likely to get tougher, so my question is this; Should you, or should you not, consider a move toward corporate re-engineering? Whether directly or indirectly, your business will...

Expectation Alignment Key to 'Promise Management'
September 05, 2008
by Mike Myatt, Chief Strategy Officer, N2growth --The art and science behind making commitments and managing expectations has always been a critical skill set for senior executives and entrepreneurs to master. In fact, understanding how to come out on the...

It's All In The Message
August 29, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Top CEOs understand the power, influence, and leverage created by great messaging. Do you ever find yourself sitting back and marveling at those chief executives who always seem to have the right thing...