January 16, 2001 CLEVELAND – Boykin Lodging Company (NYSE: BOY) has sold its 206-room Daytona Beach Radisson Resort for $12.5 million to Oceans Resorts, a company that owns other hotels in Daytona Beach, Fla.The property was called the...
January 16, 2001 Genstar Development sold to management, investorsCanada Newswire, January 15CALGARY – Genstar Development Co. Ltd. has been sold to a group including its management and Canadian investors. The company has offices and residential land developments in...
January 16, 2001 WEST CONSHOHOCKEN, Pa. – Keystone Property Trust (NYSE:KTR) has leased a 798,096-square-foot distribution facility in the Indianapolis submarket of Plainfield to Belkin Components under a ten-year agreement.The project, a joint venture with Browning Investments Inc.,...
January 16, 2001 Commercial Mortgage Lease-Backed Certificates, Series 2000* CMLB-1ClassAmount($mln)Sub. Level(%)RatingS&PRatingMoody'sAvg.LifePriceTalk(BP)BenchMarkA-145.417.5AAAAAA3+30 areaSwapsA-2136.317.5AAAAAA10+54 areaSwapsA-3183.317.5AAAAAA16.7+85 areaSwapsA-428.617.5AAAAAA19.7+105 areaSwapsB9.515.5AA-NR20.3+140 areaSwapsC9.513.5A+NR20.8+160 areaSwapsD9.511.5ANR21.3+180 areaSwaps* Deal was originally due to launch in December.
January 16, 2001 By Brad Berton, Commercial Real Estate Direct Contributing EditorTwo West Hollywood, Calif., developers have received $12 million in permanent financing for the recently completed Bristol Farms, an upscale market built on the former site of...
January 16, 2001 BOSTON – Mark Albertson has joined Lend Lease Real Estate Investments Inc. as a principal in the pension adviser's Boston-based multifamily group. In his new post, Albertson is responsible for portfolio management and client relations,...
January 16, 2001(NewsTraders.com) – AvalonBay Communities (NYSE:AVB) received a boost from Lehman Brothers analyst David Shulman today, as he upgraded the REIT to buy from outperform after having recently raised his price target on the stock to $54.The...
January 16, 2001 BEVERLY HILLS, Calif. – G&L Realty Corp. (NYSE:GLR) has retained Houlihan Lokey Howard & Zukin Financial Advisors Inc. to advise the health care REIT on a recent proposal by two top executives to buy the...
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 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 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...
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