January 12, 2001 BETHESDA, Md. – Crestline Capital Corp. (NYSE:CLJ) has closed on the sale of the leases it held on certain full-service hotels owned by Host Marriott.Host Marriott Corp. (NYSE:HMT) paid $201 million in cash for the...
January 12, 2001 BOSTON – SSR Realty Advisors, a subsidiary of MetLife, has bought 211 Congress St. in downtown Boston for $19.35 million, or about $260/sf.Bristol Group sold the recently renovated 11-story building, which contains 74,389 square feet...
January 12, 2001 (NewsTraders.com) – Lodging stocks won't provide shelter in a slowing economy, as trading opportunities linked to the Fed's recent interest rate cut have already come and gone, a Merrill Lynch analyst said.Traditionally, the price of...
January 12, 2001MORAGA, Calif. – The American Stock Exchange has notified Host Funding Inc. (AMEX:HFD), a real estate holding and operating enterprise, that it will delist the REIT as it no longer complies with the exchange's continued listing...
January 12, 2001CHICAGO - Gary Heigl has resigned his post of chief operating officer at First Industrial Realty Trust Inc. (NYSE:FR) effective Jan. 31."After five years of hard work at First Industrial, I have decided to take a...
January 12, 2001 By Susanna Potter, Commercial Real Estate Direct Staff WriterThis weekend, as Pets.com moves out of its San Francisco headquarters, there is talk that another dot-com is completing lease negotiations for the 40,400-square-foot building at 945...
January 12, 2001 AMLI Residential Joint Venture to Develop and Own Atlanta Apartment CommunityPRNewswire, January 11ALPHARETTA, Ga. – AMLI Residential and Northwester Mutual will develop and own AMLI at Milton Park. Plans call for 461 apartment homes set...
INDIANAPOLIS – Duke-Weeks Realty Corp. (NYSE:DRE) has begun building 2.4 million square feet of new developments across the country that are 61 percent pre-leased with a budgeted cost of $150 million.About $66 million of these developments will be...
January 12, 2001 (NewsTraders.com) – Mall-focused real estate investment trusts, which are up 6.5 percent since mid-December, will continue to outperform through mid-May, a UBS Warburg analyst said today.May is an important month to mark on the calendar...
January 12, 2001LAS VEGAS – Vestin Group Inc. (Nasdaq: VSTN) has tapped NFL Hall of Fame quarterback Joe Namath to be the firm's new spokesman.Namath will soon be accompanying Vestin CEO Michael V. Shustek on a 41-city national...
January 12, 2001SAN FRANCISCO – VerticalNet Solutions is providing some of the technology behind MortgageRamp's Web site.VerticalNet Solutions is providing the online lender with its eMarketplace Suite platform, which includes commerce, community and content modules for MortgageRamp. VerticalNet's...
January 12, 2001 DENVER, – The board of trustees at ProLogis Trust (NYSE:PLD) has approved a share repurchase program under which ProLogis may buy back up to $100 million of the company's common shares of beneficial interest.At today's...
January 12, 2001NEW YORK – A syndicate of three banks has provided Millennium Partners with a $215 million construction loan for the development of the Four Seasons Hotel and Tower in Miami.Fleet National Bank, Westdeutsche ImmobilienBank and Ocean...
January 12, 2001 Maurice A. Halperin has taken a 13.8 percent stake in Prime Retail Inc. (NYSE:PRT), up from a previous stake of 12.2 percent reported in November.The investor, who is now actively seeking representation on the REIT's...
January 12, 2001NORTHBROOK, Ill. – Grubb & Ellis Co. (NYSE:GBE) is extending its tender offer to purchase 7 million shares of its common stock at $7 per share to Jan. 24, at 5 p.m. EST.The period is being...
January 12, 2001 CHARLESTON, S.C. – Golf Trust of America Inc (AMEX:GTA) has closed on the sale of two 18-hole golf courses located near Akron, Ohio, for $10.65 million.The Raintree Golf Course and the Ohio Prestwick Country Club...
January 12, 2001 RioCan, Trinity Development begin work at Montreal centerPRNewswire, January 11MONTREAL – RioCan Real Estate Investment Trust and Trinity Development Group have begun construction on Centre RioCan in Montreal, Quebec. The first phase calls for 180,000...
January 12, 2001NEW YORK – Fitch has removed Commercial Capital Access One Inc.'s bond series 3, $17.3 million class 3G from rating watch negative and affirmed six other rated classes.The class 3G has been affirmed at single-B.The class...
January 11, 2001 By Susanna Potter, Commercial Real Estate Direct Staff WriterSidney Fetner Associates began construction yesterday for The Victory, a 417-unit housing complex at the southwest corner of 10th Avenue and 42nd Street.Developer Hal Fetner, president of...
January 11, 2001 CHICAGO – Goldie B. Wolfe is resigning as executive managing director of Insignia/ESG Inc. to become a developer, the Chicago Tribune reported today.Wolfe is joining developer Millbrook Properties LLC, which is co-owned by her husband,...
January 11, 2001 BILLERICA, Mass. – A newly formed subsidiary of McCracken Financial Software Inc. has purchased all of the assets of Univest Financial Services LLC.Terms of the deal were not disclosed.The Univest name will be used by...
January 11, 2001 NEWPORT BEACH, Calif. – Health Care Property Investors Inc. (NYSE: HCP) has sold seven assisted living facilities, consisting of 774 units, for $51.6 million in two separate transactions.The facilities were sold to undisclosed operators who...
January 11, 2001McDONOUGH, Ga. – Shoptaw & Garrard, a pension fund adviser, has purchased the fully leased, 352-unit, Amber Chase Apartments for more than $22 million in this Atlanta suburb.Grubb & Ellis Co. (NYSE:GBE) represented the seller, Moore...
January 11, 2001 PALO ALTO, Calif. – Essex Property Trust Inc. (NYSE:ESS) has acquired two apartment communities for $66.9 million.Essex paid $56.8 million for The Crest at Phillips Ranch, a 501-unit community in Pomona. It paid $10.1 million...
January 11, 2001 MEMPHIS, Tenn. – Mid-America Apartment Communities Inc. (NYSE:MAA) reduced its outstanding conventional floating-rate debt by executing a $25 million five-year swap arrangement.MAA locked the rate at 6.25 percent for the next five years through a...
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