January 12, 2001 SCOTTSDALE, Ariz. – Franchise Finance Corp. of America (NYSE:FFA) has provided about $52 million in financing to U.S. Realty Advisors LLC for the sale and lease back of 90 automotive parts stores by O'Reilly Automotive...
January 12, 2001 (NewsTraders.com) –IRT Property Co. (NYSE:IRT) submitted paperwork today preparing $300 million in various types of securities for eventual sale.Included in the REITs shelf registration are common and preferred stock, depositary shares, debt securities and warrants,...
January 12, 2001 NEWARK, N.J. – Edison Properties LLC and Rockefeller Group Development Corp. have formed a joint venture to develop 50 Commercial St., a 350,000-square-foot office tower to be located in Newark.The 22-story office building will be...
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 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...
January 11, 2001 NEW YORK – Reaxon Net Technologies Corp., which is preparing to launch its eMortgageDesk platform during the first quarter, has adopted Commercial Real Estate Direct as its news and information source.Under the arrangement, Commercial Real...
January 11, 2001 DALLAS – Ameri-First Financial Group Inc. (OTCBB:AMFR.OB), an investment banking and trading firm, intends to sell all of its real estate holdings by selling the subsidiaries that own the 10 hotels purchased from June through...
January 11, 2001 SUNRISE, Fla. – American Classic Voyages Co., a cruise ship company, has signed a 130,000-square-foot lease in Duke-Weeks Realty Corp.'s Sawgrass Commerce Center.The 240,000-sf building will be at the corner of NW 136th Avenue and...
January 11, 2001 HOUSTON – Weingarten Realty Investors (NYSE:WRI ) purchased five properties in the last two weeks of 2000, investing about $80 million and adding over 1 million square feet to its portfolio.The purchases and new developments...
January 11, 2001 AUSTIN, Texas – SiteStuff Inc. has acquired RexOffice.com in a stock-for-stock exchange transaction. Financial terms of the transaction were not disclosed.Through the acquisition, Austin, Texas-based SiteStuff, a procurement site for owners and operators of commercial...
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 10, 2001 Park Development unveils 2 projects worth $150 MlnThe Sun-Sentinel, January 10WEST ORLANDO, Fla. – Park Development Corp. plans to build two mixed-use developments totaling nearly 550,000 square feet for about $150 million. Construction will begin...
January 10, 2001 By Susanna Potter, Commercial Real Estate Direct Staff WriterPreliminary bids are due by the end of this week for a 310,800-square-foot office complex in the Westside area of Los Angeles.Developer M. David Paul's complex at...
January 10, 2001NEW YORK - CDC Mortgage Capital Inc. has provided a $10.3 million fixed-rate loan to American Financial Resource Group to finance its purchase of the First Union Building in Charleston, S.C.The fully leased 60,000-square-foot office building...
January 10, 2001 By Sanford S. Herrick, Principal of SWH Funding Corp.SWH Funding, which is based in Hackensack, N.J., structures, funds and closes loans from $2 million to $50 million throughout the United States. It specializes in funding...
January 10, 2001 DALLAS – US Restaurant Properties Inc. (NYSE:USV) has received nearly $170 million of mortgage financing from Bank of America, allowing it to totally pay down a $119 million revolving loan and $50 million term loan.The...
January 10, 2001 SAN FERNANDO, Calif. – Clarion Partners has purchased the San Fernando Business Center , on behalf of the Clarion Properties Lion Fund from a group of funds managed by CB Richard Ellis Investors for $42...
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