First Hubbard Real Estate Investments Annual Report; Ralph Coburn, President (inset). Hubbard Real Estate Investments, an unincorporated Massachusetts Business Trust, is formed on July 7 in Massachusetts. Merrill Lynch, Pierce, Fenner & Smith sponsors the REIT. The advisor is Hubbard, Westervelt & Mottelay, a Merrill Lynch real estate financing subsidiary..Read More
The company ends the fiscal year with ownership of 58 properties, mostly generated from deals with Merrill’s corporate clients. The portfolio includes properties occupied by department stores, supermarkets, gas stations, corporate headquarters and storage and distribution centers across the country, with the greatest concentration in the Southwest.
Merrill Lynch executive William F. Murdoch, Jr. is named president to replace the retiring Coburn as president of the company. At year-end, the company owned 59 net-leased properties in 21 states. The largest tenant, W.T. Grant with 11 locations and occupying 1.6 million square feet owned by the company, files..Read More
Following tax law changes that modernized restrictions on REITs, the company ends its advisory relationship with Merrill Lynch, becomes self-administered and changes its name to HRE Properties. Many assets are sold back to tenants, and the number of properties owned by the company is reduced to 26. Urstadt is named..Read More
In addition to his position as Chairman, Urstadt is also named President and Chief Executive Officer. Urstadt presents a new strategic plan for the company, which his fellow directors endorse. Five simple principals are adopted: 1. HRE would invest primarily in one property type (i.e., open air retail centers) and..Read More
Willing “Wing” Biddle, a former real estate banker and development executive, as well as a son-in-law of Urstadt, joins the company as Vice President of Management and the portfolio transition accelerates. At year end, 66% of the company’s portfolio is located in the Northeast, with retail properties comprising 65% of..Read More
The company celebrates 30 years of uninterrupted dividends and its core portfolio is 13 shopping centers and a few small office buildings in Greenwich, all totaling 1,568,000 square feet. The balance of the portfolio consists of nine legacy properties containing 1,604,000 square feet and one 4.2-acre vacant parcel. Notable additions..Read More
The company purchases four notable properties: Westchester Pavilion, an enclosed 185,000 square foot center in White Plains, NY; Orange Meadows Shopping Center, a 78,000 square foot property in Orange, CT; Green Farms Plaza, a 38,000 square foot center in Westport, CT; and Somers Commons, a 135,000 square foot center in..Read More
The company celebrates 35 years of uninterrupted dividends. In its core property portfolio, the company holds 30 properties totaling 2,907,000 square feet. The balance of the portfolio consists of four legacy properties containing 775,000 square feet. The Dock Shopping Center, a 269,000 square foot property in Stratford, CT, is purchased.
The company purchases interests in four significant properties: New Milford Plaza, a 231,000 square foot center in New Milford, CT; a 67% interest in Putnam Plaza, a 193,000 square foot center in Carmel, NY; an 11% interest in Midway Shopping Center, a 247,000 square foot property in Scarsdale, NY; and..Read More
The company celebrates 45 years of uninterrupted dividends and 21 years of increased dividends. In its core property portfolio, the company holds 74 properties totaling 5,125,000 square feet. By 2014, almost all non-core properties have been sold, and the portfolio transformation has been completed through the use of a number..Read More
The company acquires interests in five significant properties: High Ridge Shopping Center, a 92,000 square foot center in Stamford, CT; CVS Pharmacy, an 8,000 square foot building in Old Greenwich, CT; Van Houten Plaza, a 37,000 square foot center in Passaic, NJ; Waldwick Plaza, a 27,000 square foot center in..Read More
The company announces the retirement of Charles J. Urstadt as Chairman and the election of Charles D. Urstadt (formerly Vice Chairman) as Chairman. COMPANY ACQUIRES ADDITIONAL PROPERTY The company acquires Aldi Square, a 39,000 square foot center in Derby, CT; 470 Main Street, a 24,200 mixed use property in Ridgefield,..Read More
The company celebrates its 50th anniversary, marking the event by ringing the closing bell at the New York Stock Exchange on September 6, 2019. The company acquires Lakeview Plaza, a 177,000 square foot center in Brewster NY. The portfolio has grown to 82 properties totaling 5,278,000 square feet, and the..Read More
The company experiences an unprecedented event with the COVID-19 pandemic. Government restrictions on business operations and changes in the public’s shopping patterns driven by fear of the virus negatively impact the company’s approximately 900 commercial tenants, in response, the company to supports many of its struggling tenants with lease modifications...Read More