January 2, 2001The following table shows final pricing for the CR 2000-ZC2 single-asset CMBS deal from December 14, 2000, made available today. Greenwich Capital Markets Inc. was the underwriter, with Midland Loan Services acting as master and special...
January 2, 2001 Centrefund sells Kingwood CentrePRNewswire, January 2TORONTO – Centrefund Realty Corporation has sold Kingwood Centre, a 257,000-square-foot shopping center in Houston, for C$6 million (US$9 million).Summit REIT Sells Edmonton Industrial PropertyPRNewswire, January 2TORONTO – Summit REIT...
January 2, 2001 OKLAHOMA CITY – Wells Real Estate Funds has acquired a 128,500-square-foot Class-A office building for $15.3 million.The property is 54 percent owned by Wells Limited Partnership Fund XII and 46 percent owned by Wells REIT....
January 2, 2001 NEW YORK – Fitch has upgraded three classes and withdrawn one class in Credit Suisse First Boston Mortgage Securities Corp.'s 1995-AEW1. Class G is not rated.The rating agency upgraded the $24.7 million class E to...
January 2, 2001 ATLANTA – Post Properties Inc. (NYSE:PPS) has leased properties in Atlanta, Austin, Texas, and Dallas.The properties are:– Post Stratford, located a block off Peachtree Street in Atlanta, includes more than 10 million square feet of...
Correction (Jan. 4, 2001): Glenborough Realty Trust, which sold a portfolio of 37 apartment complexes for about $400 million, used $37 million of the net proceeds to buy back 1 million of its stock. It also earmarked $23...
January 2, 2001 LOS ANGELES – Union Bank of California has purchased 1980 Saturn St. in Monterey Park, Calif., for about $50 million, or $119/sf.The 420,000-square-foot building was purchased from EIN Corp.The four-story building has served as Union...
January 2, 2001 NEW YORK – A venture between Lexington Corporate Properties Trust (NYSE:LXP) and the New York Common Retirement Fund has paid $81 million for a 340,240-square-foot office complex in northern New Jersey that is net leased...
January 2, 2001LAS VEGAS, Nev. – Sierra Health Services Inc. (NYSE:SIE) has sold the majority of its Las Vegas real estate for $115 million.CB Richard Ellis Corporate Partners LLC, an investment fund led by CB Richard Ellis, is...
January 2, 2001Credit Suisse First Boston syndicated a $175 million term loan provided to KSL Recreation Corp. for its $335 million purchase of the Arizona Biltmore Resort & Spa.The loan was originated by CSFB, Citigroup and Bank of...
January 2, 2001 Fla. malls plannedThe Business Journal of Jacksonville, January 2JACKSONVILLE, Fla. – Flagler Development is building two real estate strongholds in Jacksonville. The company plans to add two buildings to duPont Center next year. Also, the...
December 29, 2000 Phillips-Van Heusen takes big lease in industrial area of south Cobb The Atlanta Journal-Constitution, December 29COBB COUNTY, Ga. – Phillips-Van Heusen, the apparel maker, has leased 421,000 square feet in Cluett American's distribution center on...
December 29, 2000 ATLANTA – Lodgian Inc. (NYSE: LOD) has sold two of its properties – one hotel under development in Richmond, Va., and one land parcel in Anaheim, Calif.The buyer was not identified. The two properties cost...
December 29, 2000BIRMINGHAM, Ala. – Colonial Properties Trust (NYSE:CLP) has sold two properties in Florida and Virginia.Included in the sale were: Colonial Grand at Palm Aire, a multifamily 248-unit property in Sarasota, Fla., and Colonial Promenade Abingdon, a...
December 29, 2000HERNDON, Va. – Oakwood Worldwide has purchased a 12-building, 413-unit apartment community in Herndon, Va., for $61 million.The 20-acre property, Jefferson at Presidents Park, is located at 13800 Jefferson Park Drive. Nine of the 12 buildings...
December 29, 2000MCLEAN, Va. – Sunrise Assisted Living Inc. (Nasdaq:SNRZ) has agreed to sell nine assisted living communities for $131 million to a limited partnership formed by Prudential Real Estate Investments. The sale is expected to close during...
December 29, 2000Real estate investor David Werner paid $41 million, or about $96.50/sf, for the Key Center at Fountain Plaza, a 425,000-square-foot Class- A office and retail complex in downtown Buffalo, N.Y.Werner heads Key Success LLC, the New...
December 29, 2000 (NewsTraders.com) – BB&T Capital Markets analyst Harry Leathers today downgraded Washington Real Estate Investment Trust (NYSE:WRE) to long-term buy from strong buy because of recent price appreciation.Shares of the Rockville, Md.-based REIT surged $1.69, or...
December 29, 2000 WASHINGTON, D.C. – The Freedom Forum has finalized its $100 million purchase of the land located at the northeast corner of Pennsylvania Avenue and Sixth Street N.W.The settlement ends a six-month negotiation with the District...
December 29, 2000 SOUTH LAKE TAHOE, Calif. – Embassy Suites Lake Tahoe Resort has been sold to Ken Corporation, a Japan-based REIT specializing in asset management, real estate investment, international real estate, office and retail real estate, property...
December 28, 2000Ranking of Lead Managers#DealsTotal($Mlns)1Morgan Stanley2110,2402Salomon Smith Barney137,1903Deutsche Bank136,3114Lehman Brothers156,0685Goldman Sachs114,8336Chase Manhattan62,9667DLJ52,9298JP Morgan82,5509Merrill Lynch72,42110Banc of America42,14811Prudential32,01112UBS Warburg61,98813Credit Suisse First Boston41,38114Barclays Capital11,30015First Union31,11516Bear Stearns396917Greenwich Capital159018Newman & Associates343619Franchise Finance140820IBJ Securities1219Click here to view story that accompanies this table.Click here...
December 28, 2000 NEW YORK – Standard & Poor's has raised its ratings on three classes of JP Morgan Commercial Mortgage Finance Corp.'s 1996-C2 and affirmed its ratings on four other classes in the series.S&P raised class B...
December 28, 2000 JOHNSTOWN, Pa. – Crown American Realty Trust (NYSE:CWN) anticipates substantially lower capital spending in 2001 as a major capital-spending program to improve its portfolio properties winds down."I am extremely pleased with the progress we made...
December 28, 2000 Wal-Mart construction delayed in Fairfield, Ala.The Birmingham News, December 28FAIRFIELD, Ala. – Construction on the 200,000-square-foot Wal-Mart SuperCenter next to U.S. Steel on Valley Road may be delayed for another three months due to environmental...
December 28, 2000 VANCOUVER, British Columbia – Apollo Real Estate Advisors has sold to Imperial Parking Corp. (AMEX:IPK) the 215,094 shares in the parking company that it owned. Imperial Parking, which is also known as Impark, paid $16.50/share,...
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