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Self-managed REIT $BXP said that it has completed the acquisition of Colorado Center in Santa Monica, California for an aggregate gross price of approx. $511.1MM or approx. $503.6MM net of credits for free rent, unfunded leasing costs & other adjustments. The company has 49.8% interest in the property & there is no debt on the property at present.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.