Houston Business Journal Construction is underway on a 116,500-square-foot medical-office building in Houston Healthpeak Properties Inc is developing the five-story property at 7500 Fannin St It already is 36 percent preleased and will include a...
Commercial Real Estate Direct Staff Report Merrie Frankel, who for the past 18 years with Moody's Investors Service rated REITs and other real estate companies, has launched her own consulting company She has formed Minerva Realty Consultants with...
Fitch Ratings has upgraded the commercial mortgage-servicer ratings of Berkadia Commercial Mortgage, thanks to the company’s acquisition by a venture of Berkshire Hathaway Inc and Leucadia National Corp The company’s special servicer...
Sovran Self Storage Inc has called Fitch Ratings’ recent decision to downgrade its unsecured term notes and revolving line of credit to BB+ from BBB- “unwarranted” The Buffalo, NY, REIT said the downgrades, issued on May 8, would...
Commercial Real Estate Direct Staff Report Moody’s Investors Service last week downgraded Centerline Holding Co’s credit rating to B1 from Ba3 and said the rating remained under review for additional downgrades The rating agency cited...
The Mills Corp has received indications of interest from a variety of potential buyers, the company said in a statementThe beleaguered Arlington, Va, retail REIT had set a deadline of June 13 to receive letters of interest from prospective buyers It...
Florida Times-UnionAccording to Moody’s Investors Service, Jacksonville has tied Edison, NJ, as the worst commercial property market in the country The vacancy rate in Jacksonville‘s central business district was 213 percent at the end...
October 22, 2004 Kilroy Realty Corp (NYSE:KRC) has lined up a $425 million unsecured credit facility from a group of lenders led by JP Morgan Securities and Banc of America Securities The facility has a three-year term and could be extended for...
October 5, 2004 Standard & Poor’s has upgraded the senior unsecured credit rating of iStar Financial Inc (NYSE:SFI) to triple-B-minus from double-B-plus S&P also upgraded the New York real estate finance company’s preferred...
August 31, 2004 St Louis Post-Dispatch Moody’s Investors Service has lowered its rating on $98 million in bonds for the Renaissance hotels in downtown St Louis, citing weak operating results and an unfavorable business outlook The rating has...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
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