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...
January 10, 2001 The deadline for submitting final bids for the 99-year lease on the World Trade Center in Manhattan arrives at the end of the month.Four companies are still vying for the lease on the 11-million-square-foot office...
January 10, 2001 (NewsTraders.com) – Michael Walker, chairman of ElderTrust (NYSE:ETT), has increased his stake in the REIT to 12 percent from 6.9 percent, according to a regulatory filing Wednesday.Walker, who currently owns 915,010 common shares, up from...
January 10, 2001 HOUSTON – EastGroup Properties (NYSE:EGP) has acquired the World Houston 10 building for $5.7 million.The 107,000-square-foot building is 100 percent leased to a single air freight tenant for an additional eight years. Additionally, the company...
January 10, 2001 NEW YORK – James DiCicco and Thomas Farrell have resigned their executive-level positions with New Plan Excel Realty Trust Inc. (NYSE:NXL).DiCicco was executive vice president of asset management while Farrell was senior vice president, acquisitions....
January 10, 2001 HORSHAM, Pa. – GMAC Commercial Mortgage Corp. is providing EQI Financing Partnership V LP with $36 million in fixed-rate financing for the partnership's eight-property Equity Inns hotel portfolio.The fixed-rate loan bears interest at 8.25 percent...
January 10, 2001 MINNEAPOLIS – Brookfield Properties Corp. (NYSE:BPO) has leased 74,500 square feet of space at its Dain Rauscher Plaza at 60 S. Sixth St.The company renewed its lease with Marquette Bancshares for 55,256 sf, while Dain...
January 10, 2001 LOS ANGELES – AMB Property Corp. (NYSE:AMB) and RREEF, an industrial REIT and a pension fund manger, respectively, have chosen PropertyFirst.com to provide them with online property marketing technology.Both companies, which together add more than...
January 10, 2001 HOUSTON – AMLI Residential Properties Trust (NYSE:AML) and BPMT, a European pension fund, have purchased the 314,292-square-foot West Dallas Place in Houston, Texas.The development, renamed AMLI Towne Square, is located on 7.4 acres next to...
January 10, 2001 (NewsTraders.com) – Gaming concern Station Casinos (NYSE:STN), which recently closed on its purchase of Fiesta Casino Hotel, revealed in a Tuesday filing that it paid $170 million in cash for the North Las Vegas, Nev.,...
January 10, 2001 By Brad Berton, Commercial Real Estate Direct Contributing WriterSBC Services has leased a 150,000-square-foot industrial telecom property in Irvine, Calif., for 10 years in a deal valued at $27 million, or $18/sf annually.SBC, a San...
January 10, 2001 By Thomas J. Walsh, Commercial Real Estate Direct Senior WriterGMAC Commercial Mortgage Corp. seems to be picking up where it left off last year, when it comes to buying subordinate commercial mortgage-backed securities. Word has...
January 10, 2001 NEW YORK – Fitch has assigned its triple-B-plus rating to BRE Properties Inc.'s (NYSE:BRE) recent offering of $250 million, 7.45 percent senior unsecured notes due 2011.The San Francisco-based equity REIT plans to use proceeds to...
January 10, 2001 PARSIPPANY, N.J. – Aventis Pharmaceuticals has signed a lease for more than 400,000 square feet of office space comprising two-thirds of Bridgewater Crossing, a to-be-built office complex in Somerset County, N.J.Terms of the long-term lease...
January 10, 2001 Commercial Real Estate Direct Staff ReportPyramid Realty Capital Corp., a boutique real estate advisory firm in Coral Gables, Fla., has hired a property broker to broaden its scope into the brokerage field.Pyramid, which was formed...
© 2023 Commercial Real Estate Direct All rights reserved.
© 2023 Commercial Real Estate Direct All rights reserved..