389-Unit Apartment Property Opens in Morgan Hill, Calif.
April 24, 2024
SL Green to Sell Palisades, N.Y., Event Space for $26.25Mln
April 24, 2024
General News
PRICE TALK: $430 Mln Four Times Square Trust
April 26, 2000 Go To Moody's Pre-Sale Report.Go To S&P Pre-Sale Report.Four Times Square Trust, Series 2000-4TS*ClassAmount($mln)RatingS&PRatingMoody'sAvg.LifeTalk(BP)BnchMarkA-147AAAAaa5.6+30LiborA-2233AAAAaa10+42LiborB46AAAa210+52LiborC68AA210+62LiborD36BBBBaa210PresoldLiborX**430AAArAaaN/AN/ALibor* Not verified by underwriters.** Interest-only strip.
Finova Says it Has Quit the Conduit Business
April 26, 2000 IRVINE, Calif. – Finova Realty Capital has confirmed that it has quit the conduit business.The unit of Finova Group Inc. (NYSE:FNV) said it repositioned its product offering and would only provide bridge and mezzanine financing to borrowers....
Firstar Commercial Arranges $51-Mln Loan for Minnesota Offices
April 26, 2000ST. PAUL, Minn. – Firstar Corp. (NYSE:FSR) has arranged a $51-million loan on 380 St. Peter Street, a 436,000-square-foot office building in downtown St. Paul.The loan was provided to Frauenshuh Cos., a developer and property manager in Bloomington,...
OnSite Access to Wire Newmark Buildings
April 26, 2000 NEW YORK – OnSite Access Inc. has worked out a deal with Newmark & Co. Real Estate Inc. to provide broadband services to the 31 office buildings in the New York area that it owns and operates.Through...
MGI Moves Forward With Liquidation, Sells Illinois Shopping Center
April 25, 2000 MGI Properties (NYSE:MGI) has recovered $22.6 million from the sale of an Aurora, Ill., shopping center. The 362,000-square-foot shopping center was sold to M&J Wilkow Properties Inc. The sale, which was detailed in a Form 8-K is...
Boddie-Noell Changes Name to BNP Residential Properties
April 25, 2000 CHARLOTTE, N.C. – Boddie-Noell Properties Inc. (Amex:BNP) has changed its name to BNP Residential Properties Inc.The REIT made the change to better reflect its business operations. When it was founded in 1987, the firm owned 47 restaurants...
PRICE GUIDANCE: First Union-Merrill Lynch $783.09 Mln Conduit
April 25, 2000 Go To Fitch IBCA Pre-Sale Report.Go To S&P Pre-Sale Report.First Union National Bank Commercial Mortgage Trust, 2000-C1ClassAmount($mln)Sub. Level(%)RatingS&PRatingFitchAvg.LifeGuidance(BP)BnchMarkA-19625.75AAAAAA5.6L+24-26Int. Swap*A-2485.525.75AAAAAA10L+38-40Int. SwapB39.220.75AAAA10L+50-55Int. SwapC35.216.25AA10L+62-70Int. SwapD11.714.75A-A-10L+72-75Int. SwapE25.511.5BBBBBB10+240 areaTreas.F-11.710BBB-BBB-10+285 areaTreas.X**783.09N/AAAArAAA10+400Treas.* Guidance was issued against the interpolated swap spread in classes A-1 through...
Southeast Regional Digest
April 25, 2000 After years of trouble, Terremark sells Grove headquartersThe Miami Herald, April 25COCONUT GROVE, Fla.– Terremark Centre has been sold for $58.8 million. which calculates to $200 per square foot, a record price for commercial Miami property. The...
Canada Regional Digest
April 25, 2000Scaled down convention proposal exploredThe Ottawa Citizen, April 25 OTTAWA – Planners are developing a cheaper, less controversial proposal for expanding convention facilities at the Rideau Centre, scrapping plans to bury part of Colonel By Drive in a...
Asset Investors, Commercial Assets Prep Shareholders for Merger
April 25, 2000 Asset Investors Corp. (NYSE:AIC) and Commercial Assets Inc. (AMEX:CAX), which have agreed to merge, have filed a joint proxy statement with the SEC.A majority of shareholders from both companies must approve the plan for Commercial Assets to...
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