Prime Group Realty Trust, at Dec. 31, 2008, recorded a liability of US$7.8 million and an asset of US$8.7 million related to asbestos abatement, according to the Company’s annual report filed with the Securities and Exchange Commission on March 31,…
Brookfield Properties Corporation’s 2008 results for interest and other income includes US$7 million of income related to an asbestos settlement in the Company’s favor associated with its One Liberty Plaza property.
Interest and other income includes interest charged on real estate…
Reading International, Ltd., as of Dec. 31, 2008, estimates that the total site preparation costs associated with the removal of this asbestos-contaminated soil at its 50-acre Burwood site in Melbourne, Australia, will be US$8.1 million (AUD9.6 million).
As of Dec. 31,…
CBL & Associates Properties, Inc. has recorded in its financial statements a liability of US$2.6 million related to potential future asbestos abatement activities at its Properties.
No other asbestos-related matters were disclosed in the Company’s annual report for the year ended…
Thomas Properties Group, Inc., as of Dec. 31, 2008, accrued US$1 million for estimated future costs of asbestos removal or abatement at its City National Plaza property, according to the Company’s annual report filed with the Securities and Exchange Commission…
PICO Holdings, Inc.’s insurance subsidiary, Citation Insurance Company, created a new reserve of US$500,000 for asbestos claims during 2008, according to the Company’s annual report filed with the Securities and Exchange Commission on March 2, 2009.
Citation did not previously have…