NEW YORK, Dec 17- MacKenzie Capital Management LLC is offering to buy up to 170 ownership units in Empire State Building Associates LLC, which owns the iconic New York skyscraper, for $110,000 a unit, and said it would support a plan to fold the building into a proposed real estate investment trust, according to regulatory documents filed on Monday.
*Loblaw to sell most of its real estate assets into REIT. *Move will allow Loblaw to reinvest in its core business. TORONTO, Dec 6- Loblaw Companies Ltd, Canada's largest grocer, said on Thursday it plans to create a real estate investment trust to hold most of its property assets, sending its stock and that of its parent, George Weston Ltd, surging higher.
TORONTO, Dec 6- Loblaw Companies Ltd, Canada's largest grocer, said on Thursday it plans to create a real estate investment trust to hold a significant part of its real estate assets, in an effort to create value for shareholders.
Dec 6- Loblaw Companies Ltd, Canada's largest grocer, said on Thursday it plans to create a real estate investment trust to acquire a significant portion of Loblaw's real estate assets, a move that potentially unlocks additional value for shareholders.
*Move comes as U.S. retailers look to expand in Canada. TORONTO, Dec 5- A consortium led by Canada's KingSett Capital will offer about C $2.6 billion to acquire Primaris Retail REIT to bolster its portfolio of Canadian shopping malls at a time when U.S. retailers are looking to expand northward.
Cramer sits down with the company’s CEO to find out.
This company has “domestic security,” a high yield and a consistent business model, he said.
The “Mad Money” host recommends this REIT ETF over individual stocks.
The “Mad Money” host thinks this company works regardless of what’s happening in Europe and has added it to his list of “stocking stuffers.”
Cramer goes “Off the Charts” to find out.