On Wednesday, Shares of First Industrial Realty Trust, Inc. (NYSE:FR), gained 1.96% to $20.85.
First Industrial Realty Trust, declared the closing of a new $260 million unsecured term loan with a seven-year term. The loan features interest-only payments and initially bears an interest rate of LIBOR plus 160 basis points. The rate is subject to adjustment based on the Company’s leverage or credit ratings.
The Company also reached interest rate swap agreements to effectively convert the loan’s rate to a fixed interest rate of about 3.39% per annum based on the loan’s current credit spread. The Company plans to initially use the proceeds to repay amounts outstanding under its unsecured credit facility and for other general business purposes.
First Industrial Realty Trust Inc. is a real estate investment trust. The firm invests in the real estate markets of the United States. It makes investments in industrial properties. The firm owns, manages, acquires, sells, develops, and redevelops industrial real estate. First Industrial Realty Trust Inc. formed on August 10, 1993 and is domiciled in the United States.
Shares of Starwood Hotels & Resorts Worldwide Inc (NYSE:HOT), declined -0.86% to $69.37, during its last trading session.
Starwood Hotels & Resorts Worldwide, declared it has expanded its Aloft Hotels portfolio in Silicon Valley with the opening of Aloft Santa Clara. Owned by CalTex Hospitality, Inc. and managed by Lodgic Hospitality, the new-build Aloft boasts an ideal location within the America Center Complex. Designed for recently’s hyper-connected global traveler, Aloft Santa Clara features 175 loft-like rooms, tech-forward innovation and a lively social atmosphere.
The sixth Aloft to open in California, Aloft Santa Clara is ideally located just off Highway 237 within America Center, a brand-new corporate campus in San Jose with more than 900,000 square feet of premium office space, counting the global headquarters of Polycom and Flextronics, and 7.5 miles of walking paths with views of the San Francisco Bay. The hotel is located down the street from Yahoo’s global headquarters and within easy reach of the offices of numerous high-tech companies, counting Intel, Nortel and National Semiconductors. Less than four miles from Mineta San Jose International Airport (SJC), Aloft Santa Clara is also convenient to top area attractions such as Great America Theme Park and Levi’s Stadium, home of the San Francisco 49ers.
Starwood Hotels & Resorts Worldwide, Inc., together with its auxiliaries, operates as a hotel and leisure company worldwide. The company owns, operates, and franchises luxury and upscale full-service hotels, resorts, residences, retreats, select-service hotels, and extended stay hotels under the St. Regis, The Luxury Collection, W, Westin, Le Méridien, Sheraton, Four Points, Aloft, and Element brand names.
At the end of Wednesday’s trade, Shares of Illumina, Inc. (NASDAQ:ILMN), lost -1.64% to $189.93.
Illumina, declared it has joined the Worldwide Innovative Networking (WIN) Consortium. Founded on the recognition that greater success can be achieved through partnershipthan any organization can achieve alone, the WIN Consortium is a global network of leading academic, industry, insurance and non-profit research organizations working to make personalized cancer care a reality for patients worldwide.
Illumina, Inc. provides sequencing and array-based solutions for genetic analysis in North America, Europe, Latin America, the Asia-Pacific, the Middle East, and South Africa. The company’s products comprise sequencing platforms that are based on its SBS technology, which provides researchers with various ranges of applications and the ability to sequence mammalian genomes; and array platforms comprise of HiScan and iScan systems, in addition to NextSeq 550 system that are array scanners for DNA and RNA analysis applications, counting single nucleotide polymorphism genotyping, copy number variations analysis, gene expression analysis, and methylation analysis.
Finally, Redwood Trust, Inc. (NYSE:RWT), ended its last trade with 0.49% gain, and closed at $14.48.
Redwood Trust, declared that Christopher J. Abate, Chief Financial Officer, and Fred J. Matera, Chief Investment Officer, presented at the JMP Securities Financial Services and Real Estate Conference on Monday, September 21, 2015 at 1:00 p.m. Pacific Time and 4:00 p.m. Eastern Time.
Redwood Trust, Inc., together with its auxiliaries, focuses on investing in mortgage-and other real estate-related assets; and engaging in residential and commercial mortgage banking activities in the United States.
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