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Orlando Florida Real Estate
Source: Florida East Coast Industries, Inc.
ST. AUGUSTINE, Fla., Nov. 16 /PRNewswire-FirstCall/ -- Florida East Coast Industries, Inc. (NYSE: FLA - News; FECI), Board of Directors declared a quarterly dividend of $.07 per share on all issued and outstanding common stock, payable on December 14, 2006 to all shareholders of record as of November 30, 2006. Florida East Coast Industries, Inc., (FECI) headquartered in St. Augustine, FL, conducts operations through Flagler Development Group (Flagler) and Florida East Coast Railway, L.L.C. (FECR). FECI conducts its real estate operations through Flagler which owns, develops, leases and holds in joint ventures approximately 8.8 million square feet of Class-A office and industrial space, as well as an additional 1,056,700 square feet under construction. Flagler space consists of Class-A office and industrial properties, primarily in Jacksonville, Orlando, Ft.
TIAA-CREF Global Real Estate and Weingarten Realty Investors ...
NEW YORK and HOUSTON, Nov. 8 /PRNewswire-FirstCall/ -- TIAA-CREF Global Real Estate, one of the largest institutional real estate investors in the nation, with an approximate $20 billion global portfolio of direct and indirect real estate investments and Weingarten Realty Investors, (NYSE: WRI - News), one of the largest real estate investment trusts listed on the New York Stock Exchange, announced today a new joint venture to acquire seven neighborhood/community anchored retail centers. The centers total 1,259,000 square feet and were purchased in a transaction announced by Weingarten last month. All seven properties are located in highly desirable locations within Florida's three largest metropolitan markets of South Florida, Orlando, and Tampa/St. Petersburg. The centers are leased to a diverse mix of strong national retailers including Publix, Bed Bath & Beyond, Ross Dress for Less, TJ Maxx, CVS, among others.
Weingarten in TIAA-CREF Venture
Real estate investment trust Weingarten Realty Investors (WRI - commentary - Cramer's Take) and TIAA-CREF Global Real Estate announced Wednesday a joint venture to acquire seven neighborhood/community anchored retail centers. The centers total 1,259,000 square feet and are located in the metropolitan markets of South Florida, Orlando, and Tampa/St. Petersburg. TIAA-CREF would hold 80% stake in the venture. Weingarten would have 20% stake and would also manage and lease the properties, the Houston-based company said. "We are very proud to have TIAA-CREF as a strategic partner. In this joint venture we are teaming up with one of the country's premier institutional real estate investors while diversifying Weingarten's available capital resources," Weingarten said. RELATED NEWS TO THIS ARTICLE
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