January 24, 2001 HOUSTON – Weingarten Realty Investors (NYSE:WRI) has completed the sale of 4.5 million shares of common stock in a public offering for $42.1875/share.The $190 million of proceeds from the offering will be used to reduce...
January 24, 2001 ORLANDO, Fla. – GE Capital Realty Group has paid $27 million for the Crossroads of Lake Buena Vista, a community shopping center in Orlando, Fla.The 147,214-square-foot shopping center was purchased from Walt Disney World Hospitality...
January 24, 2001 By Brad Berton, Commercial Real Estate Direct Contributing WriterTelecommunications equipment giant Ericsson has leased 68,000 square feet of Class-A office space at a two-story building in San Diego's Sorrento Mesa submarket.Financial terms of the seven-year...
January 24, 2001 NEW YORK – Clarion Partners has paid $104 million, or nearly $156,000/unit, for the Jefferson at Mission Valley, a luxury rental apartment complex in San Diego.The property, which was recently finished and is being leased,...
January 24, 2001 NEW YORK – Standard & Poor's has lowered its ratings on four classes of GMAC Commercial Mortgage Securities Inc., 1999-CTL1 to triple B-minus from triple-B-plus. The deal's other classes have been affirmed. The portfolio consists...
January 24, 2001 NEW YORK – Clarion Development Ventures LP, a unit of Clarion Partners, has agreed to jointly develop with Del American Inc. 647 units of luxury rental apartments in Clearwater, Fla.The units will be housed in...
January 24, 2001(NewsTraders.com) -- In a brokerage action prompted primarily by valuation, Merrill Lynch analyst Steve Sakwa today lowered his intermediate-term rating on Kimco Realty (NYSE:KIM) to "accumulate" from "buy."The analyst, who continues to rate the stock at...
January 24, 2001 Miami Beach project gets construction loanDaily Business Review, January 24MIAMI BEACH, Fla. – 16th Street Partners LLC has received a $33.3 million construction loan from Ocean Bank for a parking garage and other facilities in...
January 24, 2001 NEW YORK – Moody's has upgraded seven classes of Structured Asset Securities Corp., 1998-C2 primarily because the deal's collateral balance has fallen dramatically since issuance.The upgrades were as follows:– class C was upgraded to triple-A...
January 24, 2001 NEW YORK – Eric Hadar is close to signing a contract to buy Citigroup Center for about $750 million, according to a report today in The Wall Street Journal.The 59-story skyscraper, owned by Dai-Ichi Life,...
January 23, 2001 HORSHAM, Pa. – The SEC has given its OK to GMAC Institutional Advisors LLC, the institutional money management arm of GMAC Commercial Mortgage Corp.At the same time, GMAC said it was bolstering the unit by...
January 23, 2001 NEW YORK – Credit Suisse First Boston is leasing about 1.4 million square feet of office space in MetLife's (NYSE:MET) One Madison corporate headquarters building.Terms of the agreement were not disclosed.CSFB will begin leasing in...
January 23, 2001PALO ALTO, Calif. – GlobalStake.com Corp., a former online residential mortgage lender, has shifted its focus to the northern California commercial sector in an effort to become profitable."The current focus will enable us to achieve near-term...
January 23, 2001 LOS ANGELES – A team of well-known Los Angeles real estate brokers is spearheading a new Insignia/ESG office in the Los Angeles South Bay region, which stretches southward from Los Angeles International Airport to Long...
January 23, 2001 AvalonBay Communities Inc. (NYSE:AVB) has acquired two apartment buildings, for $88 million, and sold two other apartment buildings, for $37 million.The Alexandria-Va.-based multifamily REIT purchased Arlington Place in the Chicago area for $49.1 million. The...
January 23, 2001 TIAA-CREF and the New York State Teachers Employee Retirement System have provided a $99 million loan to an investment group headed by the Malkin family of New York for its purchase of a three-building Class-A...
January 23, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $19.1$17.8 $73.3 $70.7 FFO/shr (diluted) $0.62 $0.57 $2.37 $2.20 Net Income (Mln) $16.9 $15.1 $63.9 $45.7 Net/shr$0.63 $0.57 $2.41 $1.65 Revenue (Mln)$48.9$44.1 $189.6 $176.8 Shares Outstanding (Mln)26.7 26.6 26.5...
January 23, 2001 SAN FRANCISCO – LoopLender.com, the financing arm of LoopNet Inc., has expanded its products and services.LoopLender has added Mortgage Tools Center, a live interest rate monitor that provides real-time Treasury and Libor interest rates that...
January 23, 2001 4th-Qtr 004th-Qtr 9912-mos 0012-mos 99FFO (Mln) $52.8$49.7 $195.2 $177.0 FFO/shr (diluted) $0.49 $0.47 $1.83 $1.73 Net Income (Mln) $15.0 $19.7 $56.8 $54.3Revenue (Mln)$141.0 $131.3 $533.3$503.8 Shares Outstanding (Mln)74.474.6 74.3 74.5
January 23, 2001 Cornelius, N.C., project to combine condos, shops, officesThe Charlotte (N.C.) Observer, January 23CORNELIUS, N.C. – Lake Properties Ltd. is planning a $50 million office-retail-residential project near The Peninsula golf course community. The project will include...
January 23, 2001 FONTANA, Calif. –PM Realty Advisors has paid $23 million, or just over $34/sf, for two Class-A industrial buildings in California's Inland Empire.The Newport Beach, Calif., institutional pension fund adviser bought the 670,00-square-foot Fontana Industrial Portfolio...
January 23, 2001 Pre-sale reports have been posted for three new commercial mortgage-backed securities transactions.Click on the following links to access them:- Banc of America Large Loan Inc., 2001-FM (The Florida Mall; $270 million; Standard & Poor's)- Office...
January 23, 2001 COLUMBUS, Ohio – Glimcher Realty Trust (NYSE:GRT) sold $44.3 million of assets in 2000, as part of a debt reduction plan, resulting in a net gain of $4.3 million.The REIT sold 10 single-tenant properties, five...
January 23, 2001 (NewsTraders.com) – Observing that EastGroup Properties (NYSE:EGP) is currently attractively valued as compared to its peer group, Merrill Lynch analyst Steve Sakwa initiated coverage on the REIT Tuesday with an accumulate rating for both the...
January 23, 2001 TAMPA, Fla. – Heller Financial has provided a $14.5 million short-term floating rate loan to Ashley Avenue Associates LLC, a subsidiary of Denholtz Associates, to buy the St. Petersburg Times office building.The 177,486-square-foot property, at...
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