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November 28, 2000 Unicorp to sell interest in apartmentsCanada NewswireTORONTO – Unicorp has agreed to sell its 50 percent interest in 2,358 area apartment units for about C$50 million (US$32.5 million), or C$97,000 (US$63,000) per unit. The sale, which is...
November 28, 2000 BROOKLYN, N.Y. – Wexford Bancgroup has provided $19 million of construction/bridge financing to transform the former New York Daily News headquarters into the NewsWalk condominium and retail complex.Upon completion, the property, which is being constructed by an...
November 28, 2000 Starwood Capital Group LLC has invested between $40 million and $50 million in a joint venture with Senior Resource Group LLC to develop, market and manage full service retirement communities in the West.The partnership, which will keep...
November 28, 2000 HOUSTON – Chase Manhattan and Bank of America have led a group of lenders that provided a $350 million unsecured credit facility to Weingarten Realty Investors (NYSE:WRI).The three-year facility replaces one that was maturing. It carries a...
November 28, 2000 BINGHAM FARMS, Mich. – Malan Realty Investors Inc. (NYSE:MAL) said a lawsuit filed by the REIT's former president and chief executive is ""without merit," and it would "defend itself vigorously."The REIT was responding to a suit filed...
November 28, 2000 NEW YORK – CNL Commercial Funding LP has selected the Bank of New York's asset servicing subsidiary, BNY Asset Solutions LLC, as back-up servicer for a portfolio of $240 million of commercial mortgages.Under the agreement, BNY Asset...
November 28, 2000 HONG KONG – Standard & Poor's today raised its rating on Sino Commercial Properties Funding Ltd.'s US$300 million floating-rate notes due 2003 to triple-B from triple-B-minus. Sino Commercial Properties Funding is a commercial real estate securitization backed...
November 28, 2000 WEST PALM BEACH, Fla. – Ocwen Financial Corp. (NYSE:OCN) has sold its minority interest in Kensington Group PLC, a U.K. subprime residential mortgage lender.Ocwen recovered 34.5 million pounds ($48.6 million) from the sale.
November 28, 2000 Criimi Mae (NYSE:CMM) has received the final go ahead for its reorganization plan.Judge Duncan W. Keir of the Bankruptcy Court for the District of Maryland has signed the final order confirming the plan, which calls for the...
November 28, 2000SAN FRANCISCO – Unico Properties has purchased 100 Pine St. in San Francisco's Financial District for $156 million, or roughly $387/sf. The Seattle-based firm purchased the 403,000-square-foot office building from Walton Street Capital.Chicago-based Walton Street paid $69 million...
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