At the end of the quarter, portfolio-wide vacancies haveincreased slightly since the end of 1999 to finish at 7.6 percent.The increase has been attributed to three unexpected leaseterminations. The Emeryville REIT focuses primarily on shoppingcenters in the western United States. At the end of the ThirdQuarter, Western's portfolio consisted of 55 centers containing 5.1million sf of rentable space.
Today, shareholders of Western Properties Trust and Pan PacificRetail Properties, Inc. will vote on a proposed merger of thecompanies. Vista, CA- based Pan Pacific brings its portfolio of 61shopping centers the western US, totaling 9.5 million sf, to themerger.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
