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December 1, 2000 NEW YORK – Standard & Poor's has raised its ratings on several classes of LTC Commercial Mortgage 1994-1 and affirmed its ratings on three other classes in the transaction.S&P lifted Class B to triple-A from double-A, Class...
December 1, 2000 NEW YORK – Fitch has upgraded two classes of Asset Securitization Corp.'s 1995- MD IV and affirmed the other classes that it rates in the transaction.The rating agency lifted the $67.7 million class A-2 to double-A-plus from...
November 30, 2000 Staybridge Suites hotel planned for Pharr RoadThe Atlanta Journal-Constitution, November 30ATLANTA – Rossmore Management Group plans to build a six-story, 80-key Staybridge Suites by Holiday Inn extended-stay hotel at 540 Pharr Road. Staybridge Suites is the newest...
November 30, 2000 TORONTO – Morguard Real Estate Investment Trust (TSE:MRT) has agreed to buy the remaining 50 percent interest in the St. Laurent Centre in Ottawa from Sears Canada for about C$109 million (US$70.6 million).Morguard is assuming C$67.5 million...
November 30, 2000ROCKVILLE, Md. – Andrew P. Blocher has joined Federal Realty Investment Trust (NYSE:FRT) as vice president of investor relations and finance.Blocher will direct the company's investor relations activities, developing and managing the company's relationships with equity and fixed-income...
November 30, 2000 By Orest Mandzy, Commercial Real Estate Direct Managing EditorBrian Rotchford, who has been marketing and investing in troubled assets for the past eight years, has surfaced at Carlton Group of New York.Rotchford, who was among the early...
November 30, 2000 Commercial Real Estate Direct Staff ReportThe U.S Department of Housing and Urban Development has given investors another week to put together offers for a $760 million package of mortgages.The agency, which is marketing the portfolio of 172...
November 30, 2000 REIT buys Montreal retail center for C$21 MlnCanada Newswire, November 30SAINT BRUNO, Montreal – Cominar Real Estate Investment Trust has acquired a four-building, 225,510-square-foot retail center in Saint Bruno for C$21 million (US$13.7 million). The center's fully...
November 30, 2000 WASHINGTON – CarrAmerica Realty Corp. (NYSE:CRE) has begun construction of a 130,000-square-foot office building at Nine Parkway North in Deerfield, Ill.CarrAmerica is developing the five-story building in a venture with the New York State Teachers' Retirement System,...
November 30, 2000 By Brad Berton, Commercial Real Estate Direct Contributing WriterCushman & Wakefield has formed an exclusive business alliance with New Zealand's biggest commercial/industrial real estate services company, Bayleys Real Estate, giving it the ability to offer its U.S....
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