Sacramento, Calif., Office Property Sold for $44.5Mln
April 19, 2024
Phoenix Multifamily Vacancy Rate Improves, Rents Rise
April 19, 2024
Nashville-Area Retail Property Sells for $34.5Mln
April 19, 2024
General News
Thailand Property Market Shows Improvement
December 10, 1999 By By Nina Suebsukcharoen, VertiNews.com CorrespondentBANGKOK, Thailand – Thailand's property market has finally turned the corner after being walloped by the economic downturn that swept the region in 1997.One sign of the broad-based recovery is the keen...
Morgan Stanley, Goldman, Lone Star, Deutsche Buy Korean Loans
December 10, 1999 By B.J. Lee, VertiNews.com CorrespondentSEOUL, South Korea – Korea Asset Management Corp. (KAMCO) has sold $897 million of nonperforming loans to four foreign investor groups: Morgan Stanley, Goldman Sachs, Lone Star Korea and a venture between Deutsche...
PNC Unit Launches Affordable-Housing Investment Fund
December 9, 1999 PORTLAND, Ore. – Columbia Housing, a unit of PNC Bank Corp., has formed a $55 million investment fund that will develop and buy affordable multi-family properties throughout the country.In addition, the firm has begun raising capital for...
Hillwood Forms New Venture to Trade Realty for Equity in Internet Firms
December 9, 1999 FORT WORTH, Texas – Hillwood, a real estate company run by Ross Perot Jr., has set up a program where it takes equity interests in Internet companies that lease space in its developments."With this new program, e-commerce...
Southeast Regional Digest
December 9, 1999 Expanding riverfront residential riles city officialsSun-Sentinel, December 9FORT LAUDERDALE – A small-rise, 410-unit apartment building has quietly evolved into a 902-unit village with high rises, and city commissioners demand to know why. The New River Village and...
First Boston to Sell Downtown NY Building for $47 Mln, Paper Says
December 9, 1999 Credit Suisse First Boston has agreed to sell 44 Wall Street in downtown Manhattan to Lend Lease Real Estate Investments for about $47 million, or $157/sf, according to the New York Daily News.First Boston purchased the 24-story...
Canada Digest
December 9, 1999 Federal plan boosts Hall of Fame projectThe Ottawa Citizen, December 9 OTTAWA – The federal government will seek a private developer for a new commercial office building on the edge of Confederation Square – a project that...
J.P. Morgan Provides $25.3 Mln Mortgage for Maryland Shopping Center
December 9, 1999 J.P. Morgan Mortgage Capital Inc. provided $25.3 million of fixed-rate financing for Penn Mar shopping center, a 369,000-square-foot shopping center in Forestville, Md.The property, Penn Mar Shopping Center, is an anchored retail center with tenants such as...
Konover Property Pays $16.8 Mln for Georgia Shopping Center
December 9, 1999 CARY, N.C. – Konover Property Trust Inc. (NYSE:KPT) paid $16.8 million for a 152,000-square-foot shopping center in Marietta, Ga.The property, Merchants Festival, was acquired from a private owner. It is fully occupied and anchored by Ingles Markets....
Presale Reports Out on $386 Mln GMAC CTL Deal
December 9, 1999Rating agencies Standard & Poor's and Duff & Phelps have issued presale reports for GMAC Commercial Mortgage Securities Inc., 1999-CTL1, a $385.98 million transaction. The private deal is being underwritten by Goldman, Sachs and Deutsche Banc Alex. Brown....
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