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 Centro Properties Group, the embattled Australian property trust that late last year gave its lenders equity in the company in a massive recapitalization, said it sold 48 properties in the United States...
Commercial Real Estate Direct Staff Report Blackstone Group reported a loss of $2119 million from its real estate operation during the first quarter, driven largely by a decline in the value of many of its investments The giant investment manager...
Interstate Hotels & Resorts has reported that revenue per available room declined 191 percent in the first quarter, to $7425 The RevPAR decline was led by Interstate’s full-service hotels, which saw a 197 percent drop to $8494 Its...
LaSalle Hotel Properties, which owns 31 upscale hotels with 8,500 rooms, saw revenue per available room fall by 118 percent to $10401 in the first quarter from a year earlier Occupancy at its properties was 604 percent compared with 648 percent a...
Commercial Real Estate Direct Staff Report IStar Financial Inc said it has increased its cash position to $14 billion, from roughly $1 billion at the end of the first quarter, as it positions itself to take advantage of the attractive risk-adjusted...
Anthracite Capital Inc has raised $75 million through a private placement of preferred securities that pay an initial coupon of 7497 percent Anthracite, an active player in the CMBS B-piece market, said it would use proceeds of the offering to make...
January 3, 2003 Jones Lang LaSalle Inc (NYSE:JLL) plans to reduce staffing by 300 employees, or 4 percent of its workforce “This reduction in work force is a prudent measure in response to continued economic weakness in key global...
October 8, 2002 Alexandria, Va-based AvalonBay Communities (NYSE:AVB) expects earnings of $227 to $232/share for 2002 – higher than the $194/share predicted by analysts The higher-than-expected results are due to proceeds from an apartment...
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.
