January 9, 2001 ATLANTA – Roberts Realty Investors Inc. (NYSE:RPI) has sold its 152-unit Rosewood Plantation apartment in Norcross, Ga., for $14.8 million.Roberts Realty plans to use the $5.9 million of proceeds for other acquisitions."Although Rosewood Plantation has...
January 9, 2001 TORONTO – Revenue Properties Co. Ltd. (Nasdaq:RPCLF; TSE:RPC) has sold, in two unrelated transactions, 2.8 million common shares of Pan Pacific Retail Properties Inc. (NYSE:PNP).As a result, Revenue Properties now owns indirectly just over 8...
January 9, 2001 NEW YORK – CDC Mortgage Capital is considering exercising an option to call CDC Depositor Trust ST-I, a $1.8 billion commercial mortgage-backed securities issue that was originally floated by Nomura Asset Capital.CDC had acquired the...
January 9, 2001 By Brad Berton, Commercial Real Estate Direct Contributing WriterIntel Corp. has quietly acquired 31 acres from various parties within northern San Diego's Scripps Ranch Business Park for $31.3 million.Intel won't reveal immediate plans for the...
January 9, 2001 WEST CONSHOHOCKEN, Pa. – Keystone Property Trust (NYSE:KTR) has sold One Apollo Drive, a 158,000-square-foot office/warehouse in Glens Falls, N.Y., to The Herrick Co. for $12.4 million.The property is leased to Niagra Mohawk until December...
January 9, 2001 SAN FRANCISCO – AMB Property Corp. (NYSE:AMB) has named four new senior vice presidents and two vice presidents.Tyler W. Higgins was promoted to senior vice president of transactions. William G. Marino was advanced to senior...
January 9, 2001CHELSEA, Mass. – Wyndham International Inc. (NYSE:WYN) has opened a 180-room Wyndham Chelsea hotel in Boston.The property, located at 201 Everett Ave., is two miles from Logan International Airport and three miles from downtown Boston in...
January 9, 2001 By Orest Mandzy, Commercial Real Estate Direct Managing EditorMark Marmer, a real estate attorney with Debevoise & Plimpton, has joined Houlihan Lokey Howard & Zukin as a vice president in its New York office.Marmer will...
January 9, 2001 Hoover panel turns down controversial Towne Centre The Birmingham News, January 9HOOVER, Ala. – The Hoover Planning and Zoning Commission has rejected the proposed 178-acre Towne Centre, which called for more than 840,000 square feet...
January 8, 2001 NEW YORK – Scott Schaevitz has joined First Union Securities as a managing director and head of real estate advisory in the company's real estate investment banking division.Schaevitz, formerly head of real estate equity and...
January 8, 2001 NEW YORK – Fitch has withdrawn its ratings on Central Life Assurance's 1994-1. The notes have been paid in full and were terminated as of Dec. 15, 2000.
January 8, 2001 Hines to buy Atlanta Financial CenterReal Estate Finance & Investment, January 8ATLANTA – Hines Properties will buy the 885,000-square-foot Atlanta Financial Center for more than $160 million, or $181/sf. Tenants include, Robinson Humphrey and Sedgewick...
January 8, 2001 (NewsTraders.com) – Interstate Properties disclosed today in regulatory paperwork that it has lowered its equity stake in Insituform Technologies (Nasdaq:INSUA) to 3.7 percent from 5.3 percent and now controls 912,672 shares of the construction services...
January 8, 2001 NEW YORK – Rob Stiles, the founding managing director of Sonnenblick-Goldman Co.'s Asian operations, is joining the U.S. firm as a principal and managing director in its San Francisco office. Stiles, who is currently based...
January 8, 2001 JERSEY CITY, N.J. – Charles Schwab & Co. has fully preleased the Harborside Financial Center Plaza 10, a 575,000-square-foot Class-A office property being developed by a joint venture between Mack-Cali Realty Corp. (NYSE:CLI) and Columbia...
January 8, 2001 GERMANTOWN, Tenn. – Hilton Hotels Corp. has agreed to manage 16 Hilton-branded hotel properties for two years, including 15 Hampton Inns and one Homewood Suites by Hilton, owned by Equity Inns Inc. (NYSE:ENN).The properties were...
January 8, 2001 SAN FRANCISCO – BRE Properties Inc. (NYSE:BRE) has priced a $250 million offering of senior-term notes.The 10-year notes, which mature on Jan.15, 2011, were priced to yield 7.51 percent. They were issued at 99.582 percent...
January 8, 2001 Commercial Real Estate Direct Staff ReportCapitalThinking has completed a restructuring making it solely a developer and marketer of software applications for the commercial mortgage industry.The restructuring has resulted in 14 professionals leaving the firm's real...
January 8, 2001 Commercial Real Estate Direct Staff ReportFDIC is putting an $11.2 million portfolio of nonperforming loans – commercial and residential mortgages as well as consumer credits – up for sale.The loans stem from the Bank of...
January 8, 2001A venture between Beacon Capital Partners Inc. and PaineWebber Inc. has sold One Kendall Square in Cambridge, Mass., to a venture between Lincoln Property and JE Robert Cos. for $192 million, or about $291/sf.Lincoln and JE...
January 8, 2001 BIRMINGHAM, Mich. – E-Cognita has signed on Stroock & Stroock & Lavan LLP as the first user of its real estate management software, Streamloaner.Stroock & Stroock, a major player in commercial mortgage finance, will use...
January 5, 2001 LAS VEGAS – As anticipated, Station Casinos Inc. (NYSE:STN) has closed on its $185 million purchase of the Fiesta Casino Hotel in North Las Vegas. The new owner plans to keep the property's Fiesta name...
January 5, 2001 Westbrook Partners has secured a $170 million loan for its purchase of a half interest in downtown Boston's One Beacon St.An unidentified offshore bank is providing the loan, which was arranged by Sonnenblick-Goldman Co., adviser...
January 5, 2001 Atlanta Financial center may have a buyerThe Atlanta Journal-Constitution, January 5BUCKHEAD, Ga. –GE Pension Trust and Hines are planning to buy the Atlanta Financial Buckhead. The three-building complex, located on Peachtree Road, is about 886,000...
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