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September 26, 2000 LOS ANGELES – James H. Leonetti has joined CB Richard Ellis as chief financial officer.Leonetti was previously chief financial officer of Long Beach Mortgage Co., a specialty finance company that originated $3 billion of financing last year....
September 26, 2000 LONDON – Fitch has upgraded British Land's senior unsecured triple-B-plus and short-term F2 ratings from rating watch evolving to a stable ratings outlook.The original rating watch action followed British Land's conditional agreement this summer to acquire a...
September 25, 2000 NEW YORK – A partnership between Gale & Wentworth and Morgan Stanley Real Estate Fund III has sold Three Gateway Center in Newark, N.J., and an adjacent parking garage to Tahl-Propp Equities for $57 million.The partnership, which...
September 25, 2000 (NewsTraders.com) -- Wallace R. Weitz & Co. said that its ownership stake in Hanover Capital Mortgage Holdings (Amex:HCM) now stands at 17.2 percent.Weitz, an investment firm said in April that it planned to take on a more...
September 25, 2000 KENNETT SQUARE, Pa. – ElderTrust (NYSE:ETT) has been notified by the New York Stock Exchange that its total market capitalization and minimum share price have fallen below levels that would allow it to remain listed on the...
September 25, 2000 ORLANDO, Fla. – Commercial Net Lease Realty Inc. (NYSE:NNN) has issued $20 million of 8.5 percent senior unsecured notes due 2010.The notes were priced at 99.371 to yield 8.595 percent, which equates to 285 basis points over...
September 25, 2000 CHARLOTTE, N.C. – Allied Capital Corp. (Nasdaq:ALLC) has struck a deal to offer small business loans through MortgageRamp.com.The loans will be offered by Allied Capital Express, which provides loans of up to $3 million that are usually...
September 25, 2000 Holiday Inn hotel in Hollywood, Fla., sold HOLLYWOOD, Fla. – Maryland-based Boulevard Motel has sold the Holiday Inn at 4000 S. Ocean Drive in Hollywood for $17.5 million, or about $54,500 per unit. Hollywood Hotel Acquisitions LLC,...
September 22, 2000SAN DIEGO – The Price Enterprises Inc. affiliate of Excel Legacy Corp (AMEX:XLG) has recovered $22.1 million, or $160/sf from the sale of two Sacramento, Calif., office buildings.In addition, Price recovered $4.2 million from the sale of a...
September 22, 2000 METAIRIE, La. – Sarofim Realty Advisors has sold the Causeway Plaza in Metairie, La., to a venture between Concorde Realty Partners LLC and Lehman Brothers for $27.5 million.Sarofim owned the property on behalf of institutional clients.The 336,000-square-foot...
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