First Industrial

First Industrial Realty Trust Reports 3rd Quarter Distribution

by creitadmin on October 31, 2008

First Industrial Realty Trust reports a positive third quarter distribtution.  Although down from last year’s distribution, the Trust reports that it is in a good financial position with strong portfolio performance.

Read the press release. 

However, First Industrial, after the resignation of it’s longtime CEO, has also announced a lay off of 120 employees to reduce costs.  These factors all contributed to a rise in their stock value.

Read Carl Brokamp’s article in GlobeSt.com. 

{ 0 comments }

REITs grow – despite US market

by creitadmin on September 24, 2008

CHICAGO-First Industrial Realty Trust, based here, has extended its $5 billion joint ventures with California State Teachers’ Retirement System through the end of 2018. The ventures mostly had 10-year terms and were started at various times throughout the past few years, with industrial properties spread throughout the US, Canada and Europe.   In an article in the GlobeSt.com explains the details of this extension and expansion of the international REIT.

{ 0 comments }