December 20, 2000 LOS ANGELES – Castle & Cooke Inc. has named Edward C. Roohan president and chief operating officer.Roohan, who joined Castle & Cooke in 1993, most recently served as vice president and chief financial officer. He...
December 20, 2000 Commercial Real Estate DirectMichael Brennan, chief executive of First Industrial Realty Trust (NYSE:FR), said today that "the attraction of the dividend" that helped put real estate investment trusts on the map in 1994 is poised...
December 19, 2000 KENNETT SQUARE, Pa.– German American Capital Corp., the conduit lending arm of Deutsche Bank, has agreed to extend the maturity of a credit line it provides ElderTrust (NYSE:ETT ) to Aug. 31, 2002.The line was...
December 19, 2000 DaimlerChrysler Capital Services has financed sites in California, Arizona, Texas and Nevada through $74 million in loans.DaimlerChrysler provided a $32.1 million loan to two industrial sites located in the heart of San Jose's high-tech "Golden...
December 19, 2000 SAN FRANCISCO – A syndicate of 13 banks has expanded BRE Properties Inc.'s (NYSE:BRE) credit line by an additional $50 million.The new, three-year facility, maturing December 2003, replaces the REIT's existing $400 million line of...
December 19, 2000 NEW YORK – Standard & Poor's has lowered its corporate credit rating on Nationwide Health Properties Inc. to triple-B-minus from triple-B and lowered the ratings on the company's $727.9 million outstanding securities in part because...
December 19, 2000 Developer gets OK for office complexTampa Tribune, December 19CARROLLWOOD, Fla. – Waterford Construction and Development is building five offices ranging from 2,500-sf to 4,000-sf on about 2-acres east of Dale Mabry. The developers scaled back...
December 19, 2000NEW YORK – A group led by Goldman Sachs' Whitehall Fund is still uncertain that it can sell the Rockefeller Center at the target price of more than $1.8 billion and has begun to explore other...
December 19, 2000NEW YORK – The California State Teachers Retirement System, a client of Clarion Partners, has purchased 685 Third Ave. for more than $200 million, according to the New York Post.The 31-story building is at the northeast...
December 19, 2000 COLUMBIA, Md. – The Rouse Co. (NYSE:RSE) has named Michael J. Bryant vice president and associate division director of commercial development.Bryant will oversee the development of a portion of the Rouse Company's new commercial development...
December 18, 2000 A group of Apartment Investment & Management Co. shareholders has filed to sell an additional 473,040 shares of class A stock.With a maximum offering price of no higher than $48.31/share, these shares could fetch up...
December 18, 2000 Bromley may begin $189 Mln Tampa Bay 1The Business Journal of Tampa Bay, December 18TAMPA BAY, Fla. – Bromley Development Co. may be beginning the $189 million revitalization project for Tampa Bay 1. Starwood Hotels...
December 18, 2000 The Raiser Organization has purchased three office buildings with 150,000 square feet in San Francisco from Hines. According to the San Francisco Business Times, brokers put the price tag of the purchase at about $48.7...
December 18, 2000 GE Capital Commercial Mortgage Corp., Series 2000-1ClassAmount($mln)Sub. Level(%)RatingFitchRatingMoody'sAvg.LifePriceTalk(BP)Priced(BP)BenchMarkA-1112.523.5AAAAaa5.7+28-30+30SwapsA-243323.5AAAAaa9.79+40-42+42SwapsB28.519.5AAAa29.9+55-59+58SwapsC3215AA29.9+70-76+75SwapsD8.913.75A-A39.9+80-86+86SwapsE23.110.5BBBBaa29.9+125 area+130SwapsX*713.1NAAAAAaaNA+370 area**NATreas.*Interest only, notional amount.**At 100 percent CPY.
December 18, 2000 Koll Bren Schreiber Realty Advisors has sold a 263,000-square-foot office park in suburban Chicago for nearly $34 million, or about $129/sf.UBS Brinson bought the Woodlake Corporate Park, an office park with seven single-story buildings, in...
December 18, 2000LaSalle Investment Management Inc. has paid the Alter Group about $50 million for 28 industrial buildings, totaling roughly 1 million square feet, in a suburb west of Chicago.LaSalle's Income & Growth Fund II, a $400 million...
December 18, 2000 Commercial Real Estate Direct Staff ReportTishman Hotel Corp. is buying the Westin River North Hotel in Chicago with Starwood Hotels & Resorts.As previously reported, Tishman is buying the 441-unit property from Lend Lease Real Estate...
December 18, 2000Continental Wingate has provided $48.3 million of mortgage financing to Brothers International Holding Co. for a large outdoor shopping center in San Jose, Calif.Almaden Plaza is a 14-building specialty community shopping center with 550,000 square feet...
December 18, 2000 NEW YORK – Fitch has downgraded its rating for $200 million cumulative preferred stock issued by Taubman Centers Inc. (NYSE:TCO) from double-B-plus to double-B. The outlook is stable.Fitch's downgrade is based in part on a...
December 18, 2000 By Thomas J. Walsh, Commercial Real Estate Direct Senior WriterWashington Mutual of Seattle is putting together a closed-end fund that will invest largely in commercial mortgage securities and REITs.According to a recent filing with the...
December 18, 2000 NEW YORK – Fitch has upgraded three classes of LB Multifamily Mortgage Trust's 1992-M1 and affirmed the other classes that it rates in the series.The rating agency lifted the interest-only class AX to triple-A from...
December 18, 2000 ATLANTA – The operating partnership affiliate of Post Properties Inc. (NYSE:PPS) has sold $185 million of senior notes through underwriters Merrill Lynch & Co., First Union Securities Inc. and Wachovia Securities.The notes mature in 10...
December 18, 2000 NEW YORK – Fitch has placed one class of Commercial Capital Access One Inc.'s commercial mortgage bonds, series 3, on rating watch negative and affirmed the other classes that it rates in the series.The rating...
December 15, 2000 MortgageRamp and EquityCity plan to integrate their two separate Web sites with their respective lending and equity services.As a result, both sites will offer their users access to equity capital, permanent mortgages, due diligence and...
December 15, 2000 NEW YORK – Standard & Poor's today revised its outlook on Rouse Co. to stable from positive and affirmed the mall REIT's triple-B corporate credit rating.The outlook revision reflects general concerns that the retail sector...
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