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December 28, 2000 NEW YORK – Standard & Poor's has raised its ratings on three classes of JP Morgan Commercial Mortgage Finance Corp.'s 1996-C2 and affirmed its ratings on four other classes in the series.S&P raised class B to triple-A...
December 28, 2000 JOHNSTOWN, Pa. – Crown American Realty Trust (NYSE:CWN) anticipates substantially lower capital spending in 2001 as a major capital-spending program to improve its portfolio properties winds down."I am extremely pleased with the progress we made in 2000...
December 27, 2000 NEW YORK – Fitch has upgraded the $172.5 million Class A-1 of 277 Park Avenue Finance Corp.'s 1997-C1 to double-A-plus from double-A. The deal's other classes were affirmed.The upgrade was due to principal paydowns. The class A-1...
December 27, 2000NEW YORK – Fitch has upgraded two classes of Morgan Stanley Capital I Inc., 1996-C1.The rating agency upgraded the $20.4 million class B to double-A-plus from double-A and the $18.7 million class C to single-A-plus from single-A. The...
December 27, 2000 NEW YORK – Fitch has withdrawn its rating of Resolution Trust Corp.'s 1993-C1 because the notes have been paid in full.
December 27, 2000 ALBUQUERQUE, N.M. – Equity Office Properties Trust has sold an office building in downtown Albuquerque for about $21.7 million, or $94/sf, to an unidentified buyer.The REIT acquired the 230,022-square-foot office building at 500 Marquette in 1989. The...
December 27, 2000 Apartment Investment & Management Co. filed today with the SEC to register $139.6 million of class A common stock for future sale.The REIT could sell from time to time up to 2.9 million shares at a maximum...
December 27, 2000 ORLANDO, Fla. – Commercial Net Lease Realty Services Inc. has formed NorthStar Advisory Group Inc., a consulting and financial services firm.NorthStar will address each segment of the real estate process including planning, development, construction, selling, buying, leasing...
Correction (Jan. 2, 2001): Credit Suisse First Boston syndicated a $175 million term loan provided to KSL Recreation Corp. for its $335 million purchase of the Arizona Biltmore Resort & Spa. The loan was originated by Citigroup and Bank of...
December 27, 2000 ROCHESTER, N.Y. – Home Properties (NYSE:HME) has sold $30 million of preferred stock to Prudential Real Estate Investors and Teachers Insurance. The stock is convertible into Home common shares at a price of $31.60/share. It can be...
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