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
Georgia Manufacturing Plant Sells for $11 Mln
April 24, 2000 ATLANTA – Abrams Industries Inc. sold its former manufacturing facility in Douglas County, Georgia, for about $11 million to Gazelle LLC. Gazelle of Redwood City, California, intends to convert the property to an Internet infrastructure facility.Abrams is...
S&P Upgrades Servicer Rankings of CapMark, Lend Lease Asset Management
April 24, 2000 NEW YORK – Standard & Poor's raised the servicer ratings of CapMark Services LP and Lend Lease Asset Management LP.The ratings of the two former Amresco Inc. units were removed from CreditWatch, where they were placed since...
Impac to Buy Back $11.6 Mln of its Shares
April 24, 2000 Impac Commercial Holdings Inc. (AMEX:ICMH) has made $11.6 million available to buy back more than 2 million shares of its outstanding stock at $5.75 per share.The offer stands until May 19, at which time Impac could extend...
Goldman Invests in Elevator News Service
April 24, 2000 TORONTO – Goldman Sachs Group Inc. has invested in Elevator News Network, which provides news via monitors installed in office building elevators.Elevator News is one of several Internet, or new media companies that Goldman has invested in....
Tishman/Travelers Put Piece of Chrysler Building on Block, Crain’s Says
April 24, 2000 Tishman Speyer Properties and Travelers Group are looking to sell a piece of the Chrysler Building and the adjoining 666 Third Avenue, which comprise some 2 million square feet in Midtown Manhattan.Eastdil Realty and Salomon Smith Barney...
Criimi Sells CMBS to Lehman Brothers Affiliate for $140 Mln
April 24, 2000 ROCKVILLE, Md. – Criimi Mae Inc. (NYSE:CMM) has sold $289.7 million of commercial mortgage-backed securities from First Union-Lehman Brothers-Bank of America, 1998-C2 to an affiliate of Lehman Brothers for about $140 million.Criimi had carried the bonds on...
Fortress Eyes Purchase of Brookdale Living Stake
April 24, 2000 CHICAGO – Prime Group Inc. has agreed to sell 3.9 million shares of Brookdale Living Communities Inc. (Nasdaq:BLCI) to Fortress Investment Fund for a total of $58.8 million, or $15/share.Fortress can buy an additional 87,500 Brookdale shares...
PhatPipe to Make Landlords into Retail Middlemen
April 24, 2000 LOS ANGELES – PhatPipe.com Inc. has launched an online service that gives property owners access to a variety of discounted services.The Carlsbad, Calif., firm aggregates technology products and services such as broadband access to the Internet, network...
CB Richard Ellis Buys White Plains Offices for About $75 Mln
April 24, 2000CB Richard Ellis Investors is buying One North Lexington Ave. in White Plains, N.Y., on behalf of a separate account client.The pension fund adviser did not disclose a purchase price, but the 525,000-square-foot building is believed to have...
Southeast Regional Digest
April 24, 2000 Triangle landlords offer creative leases to tech start-upsThe Charlotte Observer, April 24CHARLOTTE, N.C. – To bring in new technology companies, Triangle landlords are shortening lease lengths, easing up on security deposits and even considering accepting rents and...
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Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
