ASBESTOS UPDATE: CBL Records $3MM Cleanup Liability at June 30

CBL & Associates Properties, Inc., as of June 30, 2011, has recorded a liability of US$3 million related to potential future asbestos abatement activities at its properties.

As of both March 31, 2011 and Dec. 31, 2010, the Company recorded in…

ASBESTOS UPDATE: Thomas Accrues $1.4MM June 30 Cleanup Liability

Thomas Properties Group, Inc., as of June 30, 2011, had accrued about $1.4 million for estimated future costs of asbestos removal or abatement at its City National Plaza and Brookhollow Central properties.

Some of the Company’s properties may contain asbestos-containing materials.…

ASBESTOS UPDATE: Digital Realty Has $1.3MM Liability at June 30

Digital Realty Trust, Inc.’s accounts payable and other accrued liabilities on its condensed consolidated balance sheets was about US$1.3 million as of June 30, 2011 and Dec. 31, 2010.

The Company records accruals for estimated retirement obligations as required by current…

ASBESTOS UPDATE: PREIT Has $10MM - $20MM Coverage for A&E Claims

Pennsylvania Real Estate Investment Trust has insurance coverage for certain asbestos and environmental claims up to US$10 million per occurrence and up to US$20 million in the aggregate.

The Company is aware of certain environmental matters at some of its properties,…

ASBESTOS UPDATE: Thomas Posts $1.3MM March 31 Cleanup Liability

Thomas Properties Group, Inc., as of March 31, 2011, has accrued US$1.3 million for estimated future costs of asbestos removal or abatement at its City National Plaza and Brookhollow Central properties.

With respect to asbestos-containing materials present at the City National…

ASBESTOS UPDATE: CBL Still Has $2.9MM March 31 Cleanup Liability

CBL & Associates Properties, Inc., as of both March 31, 2011 and Dec. 31, 2010, has recorded in its financial statements a liability of US$2.9 million related to potential future asbestos abatement activities at its Properties, according to the Company’s…

ASBESTOS UPDATE: Digital Realty Cites $1.3MM March 31 Liability

Digital Realty Trust, Inc.’s accruals for estimated retirement obligations were about US$1.3 million as of March 31, 2011 and Dec. 31, 2010.

The Company records accruals for estimated retirement obligations as required by current accounting guidance. The amount of asset retirement…

ASBESTOS UPDATE: PREIT Posts $10MM-$20MM Coverage for A&E Claims

Pennsylvania Real Estate Investment Trust has insurance coverage for certain asbestos and environmental claims up to US$10 million per occurrence and up to US$20 million in the aggregate.

The Company is aware of certain environmental matters at some of its properties,…

ASBESTOS UPDATE: PICO Holdings Facing 28 Open Claims at Dec. 31

PICO Holdings, Inc. says that, at Dec. 31, 2010, about 28 of its 111 open claims were asbestos-related, according to the Company’s annual report filed with the Securities and Exchange Commission on March 1, 2011.

A significant number of the claims…

ASBESTOS UPDATE: Reading Subject to Potential Exposure Lawsuits

From time to time, Reading International, Inc. has claims brought against it relating to the exposure of former employees of its railroad operations to asbestos and coal dust.

These are generally covered by an insurance settlement reached in September 1990 with…

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