The investment firm is gearing up to wind down its second opportunity fund, which has some $2 billion of properties. It is close to teeing up at least two large properties for sale.
October 8, 2002 Hobbled by expensive real estate leases, Red Herring magazine, once considered one of the hottest publications of the New Economy, has been sold to its majority investor. The expensive space that Red Herring Communications Inc. leased in ...
October 8, 2002 NEW YORK – Standard & Poor's has downgraded two classes of Banc of America Large Loan, 2000-WSF-1.The rating agency downgraded the deal's class C to triple-B-minus from triple-B and class D to double-B-plus from triple-B-minus.The move was ...
October 1, 2002 GRAE Ventures LLC has sold Hesperian Plaza, a retail strip center in Hayward, Calif., for $11.15 million.GRAE, which is headed by Los Angeles-based developer Graham Allchorn, sold the property to San Leandro Investment Co. a local partnership. ...
August 30, 2002Fairmont Hotels & Resorts Inc. (NYSE:FHR) is acquiring an equity interest in the Sonoma Mission Inn & Spa in Sonoma County, Calif., and will now manage the luxury resort for Crescent Real Estate Equities Co. (NYSE:CEI).Toronto-based Fairmont will ...
August 23, 2002 Bedford Property Investors Inc. (NYSE:BED) has paid $22 million, or about $196/sf, for a three-building industrial complex in South San Francisco, Calif.The Lafayette, Calif., REIT expects that the acquisition of the 112,384-square-foot property will result in a ...
August 9, 2002 SAN FRANCISCO – GLL Real Estate Partners GmbH has bought a 75 percent ownership stake in 199 Fremont Building, a 402,000-square foot office building in the South of Market district.The Munich-based investor, a joint venture formed last ...
estiamted price; deal is for a 75% stake; Fremont's retaining a quarter interest
July 24, 2002 GMAC Commercial Mortgage Corp. has provided $56 million of interim financing for the Courtyard by Marriott in San Francisco.The mortgage, whose terms could not be learned, was arranged by the hospitality production division of GMAC's Washington, D.C., ...
July 19, 2002NEW YORK – Dechert formally announced today that Joseph Philip Forte joined the firm's finance and real estate group as a partner. Also joining the group as partners are Ellen M. Goodwin and Joseph B. Heil, along with ...
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