February 26, 2002 Cushman & Wakefield's Asia Pacific and CapitaLand's asset services company, Premas International, have teamed to form a real estate services business in China.Existing subsidiaries of Cushman & Wakefield and Premas International in Shanghai will be the joint...
February 26, 2002 CLEVELAND, Ohio – Boykin Lodging Co. (NYSE:BOY) has named Shereen P. Jones executive vice president and chief financial and investment officer, effective immediately.Jones will be responsible for capital raising as well as finance and investor relations and...
February 26, 2002VANCOUVER – Del Cano Properties Trust, a Canadian firm, has completed its US$107.6 million sale of its real estate portfolio to Aspen Square Management Inc.Gross proceeds of the sale amount to an estimated US$7,202/share, after costs of the...
February 26, 2002 TORONTO – Summit REIT (TSE:SMU.UN) has raised C$151.2 million (US$93.9 million) in gross proceeds though a public offering.A syndicate of underwriters led by CIBC World Markets Inc. and BMO Nesbitt Burns Inc. bought the 10.5 million trust...
February 26, 2002 PARAMUS, N.J. – Vornado Realty Trust (NYSE:VNO) has agreed to sell roughly 1.4 million common shares in two separate deals for net proceeds of about $57 million.The shares will be sold for $42.96 each, the closing price...
February 26, 2002 Two more office-condo projects for Jacksonville, Fla.Jacksonville (Fla.) Times-UnionJACKSONVILLE, Fla. – Two more office-condominium projects are coming online. Developers plan to break ground in May on the $6.5 million Chimney Lakes Office Center in the southwest corner...
February 26, 2002 DENVER – Apartment Investment and Management Co. (NYSE:AIV) has hired David Robertson to serve as executive vice president, head of affordable properties and as a member of its executive committee.The Denver-based REIT is increasing its focus on...
February 25, 2002GMAC Commercial Mortgage, among the biggest players in the commercial mortgage business, said it has stopped funding large loans on "trophy type" assets if they lack terrorism insurance.In what could be the first public admission that the current...
February 25, 2002 ATLANTA – Wells Real Estate Funds has added three senior real estate professionals as directors of acquisitions and dispositions.Clay Adams, Jeff Gilder and Joe Pangburn will be responsible for meeting the company's regional investment and liquidation objectives,...
February 25, 2002 Caisse buys another Montreal office trophyFinancial Post, February 23MONTREAL, Quebec – BCE Inc. has sold its head office in downtown to SITQ Immobilier, a subsidiary of the Caisse de depot et placement du Quebec. Terms were not...
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