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Stock Market & Financial Investment News

News Breaks
January 14, 2014
09:12 EDTAQQAmerican Spectrum announces $2M gain on sale of shopping center
American Spectrum Realty announced that it would record a $2M gain in 1Q14 on a real estate sale in Houston, Texas. American Spectrum acquired the distressed shopping center, Windrose Center Place, in 2007 when it was purchased at a discount to the cost of construction from the original lender. The company spent approximately one year to complete the construction. There were no leasing agreements in place at the time of acquisition. The company originally acquired the property for approximately $3.8M and sold it for $5.75M. The company also eliminated approximately $4.05M in secured debt as well as $780K in other American Spectrum liabilities. The 28,715 square foot retail center was aggressively leased up from zero to 100% occupied when sold by American Spectrum. The property tenant base is 75% medical related with long-term leases. The company intends to continue the diversification of its assets through acquisition and disposition of real estate.
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September 19, 2014
15:50 EDTAQQAmerican Spectrum Realty submits new plan of compliance to NYSE
American Spectrum Realty announced that it had submitted a new plan of compliance to the NYSE MKT LLC to address how it intended to regain compliance with Sections 134 and 1101 of the NYSE MKT Company Guide. On September 18, the company submitted to the exchange its required compliance plan addressing deficiencies with respect to the company’s stockholders’ equity and net losses. The compliance plan outlined the company’s initiatives to regain compliance with the applicable continued listing standards within the timeframe specified in Section 1009. The company continues to work towards compliance under the Revised Plan Period and intends to file the 2013 Form 10-K and Quarterly Reports on Form 10-Q for the fiscal quarters ended March 31 and June 30, 2014 as soon as practicable.
09:10 EDTAQQAmerican Spectrum Realty trading halted, pending news
September 18, 2014
09:04 EDTAQQAmerican Spectrum Realty trading halted, pending news
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September 17, 2014
09:21 EDTAQQAmerican Spectrum Realty trading halted, pending news
September 16, 2014
08:57 EDTAQQAmerican Spectrum Realty trading halted, pending news
September 15, 2014
09:06 EDTAQQAmerican Spectrum Realty trading halted, pending news
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September 12, 2014
09:08 EDTAQQAmerican Spectrum Realty trading halted, pending news
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September 11, 2014
09:11 EDTAQQAmerican Spectrum Realty trading halted, pending news
September 10, 2014
09:09 EDTAQQAmerican Spectrum Realty trading halted, pending news
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September 9, 2014
09:07 EDTAQQAmerican Spectrum Realty trading halted, pending news
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September 8, 2014
09:12 EDTAQQAmerican Spectrum Realty trading halted, pending news
September 5, 2014
09:12 EDTAQQAmerican Spectrum Realty trading halted, pending news

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