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
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....
Southeast Regional Digest
December 8, 1999 Tropicana not moving to Lakewood RanchSarasota Herald-Tribune, December 8BRADENTON, Fla. – Tropicana Inc. has purchased ten acres of land next to its current Bradenton office complex and plans to expand at that location. With this acquisition of...
No. Jersey Office Building Reaps Reward From J.P. Morgan Rescue, WSJ Reports
December 8, 1999 A 139,000 square-foot office building in Morris Township, northern New Jersey, has been sold for more than four times what it was purchased for in 1995, according to today's Wall Street Journal.Massachusetts Mutual Life Insurance Co. will...
Canada Digest
December 8, 1999 Tattered Dylex put on the blockThe Globe and Mail, December 8 TORONTO – Now that its president intends to quit, troubled retailer Dylex Ltd. has put itself on the block, but observers said it could be tough...
CMBS Bid List Due at 1 p.m.
December 8, 1999 A large list of Tier 1 and Tier 2 bonds is scheduled for bidding at 1 p.m. EST, sources say. The bonds reportedly consist of very high quality transactions from CMBS deals involving GMAC, Morgan Stanley (with...
Felcor Lodging Files Form 4
December 8, 1999 Felcor Lodging Trust Inc. (NYSE: FCH) has filed a Form 4 (Statement of Changes ofBeneficial Ownership) with the SEC.
Rouse Files SC 13G/A
December 8, 1999 The Rouse Company (NYSE: RSE) has filed a Form SC 13G/A (Amended Statement of BeneficialOwnership) with the SEC.
Allied Capital Files for $49.2 Mln Stock Offering
December 8, 1999 Allied Capital Corp. (NASDAQ:ALLC) has filed Form 497 prospectus for the issuance of 2.5 million common shares. The $49.2 million of equity that would raise would be used to pay down a short-term credit line the company...
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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.
