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January 2, 2001 NEW YORK – Fitch has upgraded three classes and withdrawn one class in Credit Suisse First Boston Mortgage Securities Corp.'s 1995-AEW1. Class G is not rated.The rating agency upgraded the $24.7 million class E to single-A-plus from...
December 29, 2000 ATLANTA – Lodgian Inc. (NYSE: LOD) has sold two of its properties – one hotel under development in Richmond, Va., and one land parcel in Anaheim, Calif.The buyer was not identified. The two properties cost about $18...
December 29, 2000BIRMINGHAM, Ala. – Colonial Properties Trust (NYSE:CLP) has sold two properties in Florida and Virginia.Included in the sale were: Colonial Grand at Palm Aire, a multifamily 248-unit property in Sarasota, Fla., and Colonial Promenade Abingdon, a 166,000-square-foot retail...
December 29, 2000HERNDON, Va. – Oakwood Worldwide has purchased a 12-building, 413-unit apartment community in Herndon, Va., for $61 million.The 20-acre property, Jefferson at Presidents Park, is located at 13800 Jefferson Park Drive. Nine of the 12 buildings are finished.
December 29, 2000MCLEAN, Va. – Sunrise Assisted Living Inc. (Nasdaq:SNRZ) has agreed to sell nine assisted living communities for $131 million to a limited partnership formed by Prudential Real Estate Investments. The sale is expected to close during the first...
December 29, 2000Real estate investor David Werner paid $41 million, or about $96.50/sf, for the Key Center at Fountain Plaza, a 425,000-square-foot Class- A office and retail complex in downtown Buffalo, N.Y.Werner heads Key Success LLC, the New York City...
December 29, 2000 (NewsTraders.com) – BB&T Capital Markets analyst Harry Leathers today downgraded Washington Real Estate Investment Trust (NYSE:WRE) to long-term buy from strong buy because of recent price appreciation.Shares of the Rockville, Md.-based REIT surged $1.69, or 7.2 percent,...
December 29, 2000 WASHINGTON, D.C. – The Freedom Forum has finalized its $100 million purchase of the land located at the northeast corner of Pennsylvania Avenue and Sixth Street N.W.The settlement ends a six-month negotiation with the District government to...
December 29, 2000 SOUTH LAKE TAHOE, Calif. – Embassy Suites Lake Tahoe Resort has been sold to Ken Corporation, a Japan-based REIT specializing in asset management, real estate investment, international real estate, office and retail real estate, property management and...
December 29, 2000 Phillips-Van Heusen takes big lease in industrial area of south Cobb The Atlanta Journal-Constitution, December 29COBB COUNTY, Ga. – Phillips-Van Heusen, the apparel maker, has leased 421,000 square feet in Cluett American's distribution center on Lee Industrial...
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