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News Breaks
June 30, 2014
07:04 EDTEQYEquity One streamlines organizational structure, appoints Makinen COO
Equity One announced that it was streamlining its organizational structure in an effort to gain efficiencies, increase the speed of decision making and lower operating costs. The changes will result in the centralization of operations such that all leasing and property management functions will report to Michael Makinen who was appointed as COO. Makinen most recently served as the COO of Olshan Properties. Makinen will report to Tom Caputo, president, who has extended his contract with the company through December 31, 2016. The company’s transition to the new centralized operating structure during the next two months will result in the elimination of 14 existing positions including 3 regional presidents. The organizational changes also contemplate the addition of a new senior vice president of leasing and three new leasing positions focused on marketing and leasing the company’s current vacancies within the southeast and Florida portfolios. The changes are expected to generate net annual expense savings of approximately $2M per year excluding one-time costs associated with the transition.
News For EQY From The Last 14 Days
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January 27, 2015
14:22 EDTEQYJPMorgan reports 5.4% passive stake in Equity One
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January 21, 2015
10:01 EDTEQYOn The Fly: Analyst Downgrade Summary
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07:28 EDTEQYEquity One downgraded to Underperform from Neutral at Credit Suisse
Credit Suisse downgraded Equity One to Underperform based on relative valuation. Price target raised to $26 from $25.
January 16, 2015
10:06 EDTEQYBofA/Merrill real estate analysts to hold an analyst/industry conference call
U.S. Real Estate Analyst Spector, along with EMEA Real State Analyst Bessell, HK/China Real Estate Analyst Ngai and ASEAN Real Estate Analyst Chua, discuss key trends in Global Property/Real Estate in 2015 on an Analyst/Industry conference call to be held on January 20 at 8 am.
January 14, 2015
06:00 EDTEQYMall REIT sector upgraded to Overweight at Wells Fargo
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