Archive for February 27th, 2007

Commercial Real Estate News Digest

Tuesday, February 27th, 2007

COMMERCIAL REAL ESTATE NEWS

• AMB Property of San Francisco, which owns and develops industrial real estate, said Friday that it would sell as many as 9.1 million new shares and plans to expand its global development business by 75 percent over the next four years. The company will use the funds to acquire properties, repay debt and for general corporate purposes, AMB said in a regulatory filing. The company owns or has interests in 124.7 million square feet of distribution space in 12 countries, the company said. AMB shares fell $1.23, or 2 percent, to close at $61.18. They gained 19.2 percent in 2006 and are up 4 percent so far this year.

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