A $135 million hotel, office and condo project will proceed despite the departure of Larry Dolan, the owner of baseball's Cleveland Indians. The remaining investors are hunting for added capital.
October 30, 2000 NEW YORK – Radiant Investors LLC, which has agreed to buy a portfolio of properties from First Union Real Estate Equity and Mortgage Investments (NYSE:FUR), has lined up financing allowing it to complete the $205 million purchase.Separately, ...
Starwood Capital and Young Woo & Associates are looking for a large permanent loan on a Meadowlands development. Terremark Holdings' T-Rex affiliate is seeking funding for its Cleveland telecom hotel project.
October 3, 2000 Bentley Forbes Group LLC has completed the $75 million purchase of three properties in the Cleveland area and leased them back to their seller, Medical Mutual of Ohio.The cornerstone of the three-property portfolio is the 100-year-old Rose ...
February 22, 2000 By Debra Beachy, IPGDirect.com CorrespondentHOUSTON – Ft. Worth, in an upswing that's barely been noticed, is outperforming Dallas in the office rental market, according to research firm M/PF Research Inc. of Dallas."With so much attention focused on ...
December 16, 1999 CLEVELAND – First Union Real Estate Investments (NYSE:FUR) has completed the sale of six southwest regional malls to a joint venture of Whitehall Street Real Estate LP XI (a fund sponsored by Goldman Sachs) and Zamias Services ...
October 29, 1999 CLEVELAND – Forest City Enterprises Inc. (NYSE:FCEA) (NYSE:FCEB) has opened the 778,000-square-foot Promenade, a two-level, enclosed regional mall in Temecula, Calif., north of San Diego.The mall is 94 percent leased and anchored by a 125,000 sf JC ...
August 13, 1999 ATLANTA – ING Realty Fund has provided close to $7 million of equity to Crest Asset Management to recapitalize the ownership structure of a 476-unit apartment complex it owns in Dallas.Crest used the equity, as well as ...
August 2, 1999 CLEVELAND (AP)- KeyCorp (NYSE: KEY) announced today that two executives have been given expanded line of business responsibilities, reflecting the company's continued transformation into an integrated, multiline financial services organization. James S. Bingay has been promoted to ...
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