David Simon Passes Away After Battle with Cancer
March 23, 2026
CREFC’s Lisa Pendergast Retiring in August
March 20, 2026
Brookfield Revives GGP Name for Malls
January 7, 2026
General News
GMAC Names George A. O’Brien III as VP in Manhattan
March 7, 2002 NEW YORK – GMAC Commercial Mortgage Corp. has named George A. O'Brien III as vice president and retail loan origination producer in its Manhattan office.Prior to joining GMAC, he was a vice president at GE Capital Commercial...
RioCan to Buy 50% Interests in Five Canadian Retail Centers
March 7, 2002 TORONTO – RioCan Real Estate Investment Trust has acquired a 50 percent interest in five retail centers, encompassing roughly 1.5 million square feet, from affiliates of the First Professional Group for about US$84 million.The transaction will consist...
Vornado to Buy Office Building in Arlington, Va.
March 7, 2002 ARLINGTON, Va. – Vornado Realty Trust (NYSE:VNO) has paid $55 million for the mortgage as well as an option to purchase Crystal City Gateway One.Vornado expects to exercise its option to acquire the 360,000-square-foot office building from...
Insignia Said to Be in Talks With CB
March 7, 2002 Insignia Financial Group and CB Richard Ellis are said to be in talks to merge, according to the New York Post.The newspaper, which cited unnamed sources, said the talks have entered a "serious" stage and the two...
Transwestern Pays $27.6Mln for NJ Office Complex
March 7, 2002 PARSIPPANY, N.J. – Transwestern Investment Co. has acquired Lanidex Plaza, a 280,000-square-foot office campus, for $27.6 million, or about $99/sf.Lincoln Property Co. sold the six-building office campus at 200 to 700 Lanidex Plaza Road.Lincoln bought the property,...
Fitch Gives CSS2 Rating to Yamato as Special Servicer
March 6, 2002TOKYO – Fitch Ratings has assigned its CSS2-(JPN) rating to Yamato Servicing KK as a CMBS special servicer, based on the company's ability to service non-performing commercial mortgage loans and meet investors' reporting requirements.Fitch noted the company's extensive...
Chateau Communities Says Property Sales Will Affect 2002 FFO
March 6, 2002 Commercial Real Estate Direct Staff ReportGREENWOOD VILLAGE, Colo. – Chateau Communities (NYSE:CPJ) expects its 2002 funds from operations to be negatively affected because it sold $42 million of properties late last year. Because it now owns fewer...
Host Marriott’s 4th Qtr 2001 RevPAR Sinks 28.3%
March 6, 2002 Commercial Real Estate Direct Staff ReportBETHESDA, Md. – Host Marriott Corp.'s (NYSE:HMT) revenue per available room for the fourth quarter 2001 declined 28.3 percent while operating profit margins declined by 5 percentage points.The RevPAR decline was driven...
DC Office Building Sells for $273/sf
March 6, 2002 Commercial Real Estate Direct Staff ReportWASHINGTON – The Halle Cos. has paid $112.5 million for a 412,052-square-foot office building in downtown Washington, D.C. The Silver Spring, Md.-based real estate firm bought the 13-story building at 1615 L...
Investcorp Buys Office, Industrial Portfolio in Colo.
March 6, 2002 BOULDER, Colo. – Investcorp has acquired a 591,000-square-foot portfolio of office and industrial, including research and development, properties.Investcorp bought the downtown properties in partnership with Bancroft Capital LLC of Manhattan Beach, Calif., which already owned an interest...
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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.
