Business Real Estate Weekly of Arizona An affiliate of Cornerstone Real Estate Advisers has paid $261 million, or about $78/sf, for 336,665 square feet of industrial space in the Lincoln Commerce Park in Phoenix A venture of Lincoln Property Co and...
A troubled $715 million CMBS debt package against a portfolio of 157 apartment properties with 14,824 units that are owned by Empire American Holdings has been modified, with its coupon reduced by 63 basis points The financing has been divided into...
Las Vegas Review-Journal San Francisco developer Luke Brugnara, with backing from a New York hedge fund, has bid $170 million for the bankrupt Fontainebleau project in Las Vegas, and is willing to increase that offer to $200 million Bids were...
September 2, 2004 Fairmont Hotels & Resorts Inc (NYSE:FHR) has taken full control of its management company The Toronto, Ontario, hotel company paid about $70 million to acquire the minority interest that Maritz, Wolff & Co held in the...
March 2, 2004 The Vancouver Sun Tim Hortons, a Vancouver-based chain of coffee shops, has signed a conditional deal to buy almost 50 coffee shops in Rhode Island, Connecticut and Massachusetts The owner of the shops is operating under court...
February 20, 2004 Wi-LAN Inc has agreed to buy its headquarters building in downtown Calgary, Alberta The broadband wireless communications company is paying C$1335 million (US$10 million) for the 91,070-square-foot building at 2891 Sunridge Way NE,...
February 20, 2004 O&Y Properties Corp (TSX:OYP) has agreed to sell O&Y Enterprise, its property management business, to O&Y Real Estate Investment Trust (TSX:OYRUN) for C$211 million (US$158 million) The deal is expected to close by...
February 18, 2004 The Globe and Mail Boardwalk Equities Inc plans to continue its buying spree in Quebec, predicting yesterday that it will add between 1,000 and 2,000 units to its portfolio this year, mostly in that province Last year, it bought...
December 2, 2003 Fairmont Hotels & Resorts Inc (TSE/NYSE:FHR) plans to offer $225 million of senior 20-year notes due December 2023 that can be converted into FHR common shares The final terms of the offering, which is expected to close on...
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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