General Growth says Brookfield has no intent to sell GGP securities General Growth Properties (GGP) confirmed it filed a Form S-3 yesterday to update a registration statement previously filed in March 2011 related to the ownership of GGP securities held by affiliates of Brookfield Asset Management (BAM). General Growth stated: "The Form S-3 was administrative in nature and in the normal course of business. Brookfield has advised the company that it has no intention of selling its securities of GGP."
S&P announces changes to the S&P 600 index S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600: Inogen (INGN) will replace Micrel (MCRL) in the S&P SmallCap 600 after the close of trading on Monday, August 3. S&P 500 constituent Microchip Technology (MCHP) is acquiring Micrel in a transaction expected to be completed on or about that date pending final approvals. Express (EXPR) will replace Associated Estates Realty (AEC) in the S&P SmallCap 600 after the close of trading on Wednesday, August 5. Brookfield Asset Management (BAM) is acquiring Associated Estates Realty in a transaction expected to be completed on or about that date pending final approvals.
Retail Properties of America appoints Heath R. Fear as CFO Retail Properties of America (RPAI) has appointed Heath R. Fear to serve as its new CFO and treasurer, effective August 17. Fear has over 20 years of experience in the real estate industry and currently serves as senior VP, head of capital markets of General Growth Properties (GGP) and as a member of GGP's capital and management committees.