October 10, 2000 CLEVELAND – Forest City Enterprises Inc. (NYSE:FCEA) has named Robert G. O'Brien executive vice president of finance and investment. O'Brien was most recently president of Forest City Finance Corp. and Forest City Commercial Group.In his...
October 10, 2000 Commercial, residential project planned for I-77Business Journal of Charlotte, October 10CHARLOTTE, N.C. – Union Development Corp. plans to build a 65-acre mixed-use project near Interstate 77 in Rock Hill, N.C. adjacent to the Antrim business...
October 10, 2000 MURFREESBORO, Tenn. – National Health Investors Inc. (NYSE:NHI) said it will not pay dividends for the third and fourth quarters until it pays off $38 million of subordinated debt.The announcement was made at the same...
October 10, 2000 (NewsTraders.com) – Entertainment Properties Trust Trust (NYSE:EPR), the movie-theater focused REIT, denied a request by BRT Realty Trust (NYSE:BRT) to present its proposals at Entertainment Properties' Oct. 6 board meeting.NewsTraders reported on Sept. 27 that...
October 10, 2000 WASHINGTON – CarrAmerica Development Inc., an affiliate of CarrAmerica Realty Corp. (NYSE: CRE), has named Jefford S. Nelson as vice president/director of Development for the San Francisco Bay area.Previously, Nelson served as vice president for...
October 10, 2000 NEW YORK – Ruben Schron, a N.J.-based investor, has purchased a portfolio of 20 apartment complexes in New Jersey, New York and Pennsylvania for $280 million from an investment group led by an affiliate of...
October 10, 2000 DALLAS – Trammell Crow Co. (NYSE:TCC) has named Michael S. Duffy as senior managing director/national director of investment sales. Duffy will be responsible for the company's investment sales platform and will manage more than 60...
October 10, 2000 WASHINGTON – The National Association of Real Estate Investment Trusts has presented its REIT Industry Leadership Award to Samuel Zell, the founder of Equity Group Investments Inc.Zell is chairman of the board for the Equity...
October 6, 2000 NEW YORK – Fitch has upgraded four classes of BCF LLC's 1997-C1 and affirmed the other classes that it rates in the series.The $7.3 million class B is lifted to triple-A from double-A-plus, the $9.6...
October 6, 2000 LOS ANGELES – CB Richard Ellis Investors has finished raising $324 million for its Strategic Partners LP investment fund.Capital for the fund was raised from 16 U.S. and international investors, including 10 that are new...
October 6, 2000 (NewsTraders.com) – Investor Peter Kross, in the past a shareholder activist of Malan Realty Investors (NYSE:MAL), has sought and received representation for an affiliate on the company's board of the directors. In an amended Schedule...
October 6, 2000 TORONTO – The C$115 million (US$77.2 million) mortgage that Merrill Lynch recently securitized carries a coupon of 7.373 percent.The bonds were priced at 156 basis points above Canadian government securities. The 22-year loan, which was...
October 6, 2000 CLEARWATER, Fla. – David Becker has resigned as chief financial officer of American Land Lease (NYSE:ANL) to pursue other opportunities.President Bruce Moore will undertake the duties of CFO.American Land Lease, which resulted from the merger...
October 6, 2000 NEW YORK – Fortress Investment Corp. has agreed to buy the remainder of Impac Commercial Holdings Inc. (AMEX:ICH) for $7.55/share or $41.4 million.Impac has about 8 million shares of common stock on a fully diluted...
October 6, 2000 Commercial Real Estate Direct StaffAt least five investor groups have turned in offers for the Seagram Building in Midtown Manhattan that Teachers Insurance investment is looking to sell.The five bidders are believed to include groups...
October 6, 2000 Office rents catch fire in bay areaSt. Petersburg Times, October 6ST. PETERSBURG, Fla. – Rental rates for Tampa Bay area office space increased 13.6 percent in the first six months of this year, the fifth...
October 6, 2000 Office vacancy rate lowest in CanadaThe Ottawa Citizen, October 6OTTAWA – Ottawa's downtown vacancy rate was only 0.9 percent at the end of September, according to CB Richard Ellis. The Class-A vacancy rate for the...
October 6, 2000 A venture between John Buck Co. and Morgan Stanley Dean Witter is expected to tap the commercial mortgage-backed securities market in order to finance a hotel/retail complex along North Michigan Avenue in Chicago. The Chicago...
October 6, 2000 CHICAGO – Prime Group Realty Trust (NYSE:PGE) has sold 33 N. Dearborn St. and a stake in 122 S. Michigan Ave., jointly valued at $65.1 million.The sales – 33 N. Dearborn was sold to Vornado...
October 6, 2000 HOLLYWOOD, Calif. – Developers Steve Ullman and Larry Worchell have abandoned plans to build the $20 million HollywoodOrange retail center project due to the pending bankruptcy of its anchor tenant – Frederick's of Hollywood."Financing for...
October 6, 2000 NEWPORT BEACH, Calif. – Pacific Gulf Properties Inc. (NYSE:PAG) will hold a shareholders' meeting Nov. 9 to vote on the REIT's proposed liquidation.Pacific Gulf agreed in June to sell its industrial properties for $929 million...
October 5, 2000 NEW YORK – Ventas Inc. (NYSE: VTR) has objected to the reorganization plan filed by its main tenant, hospital and nursing home operator Vencor Inc. (OTCBB:VCRIQ).Vencor, the country's largest provider of long-term health care, had...
October 5, 2000 KANSAS CITY, Kan. – Bedford Property Investors Inc. (NYSE:BED) has recovered $31.3 million from the sale of nine Kansas City properties totaling 463,000 square feet.The REIT no longer owns any properties in Kansas City. It...
October 5, 2000 MANHATTAN BEACH, Calif. – Madison Marquette has completed its $90 million purchase of the Manhattan Village mall in Manhattan Beach from AMB Institutional Realty Advisors Inc. and Macerich Co. (NYSE:MAC).Madison Marquette, which is based in...
October 5, 2000 Developer seeks $29 Mln for Boca Raton, Plantation propertiesDaily Business Review, October 5BOCA RATION, Fla. – Real estate developer Bruce Rendina plans sell about $29 million in assets in Boca Raton and Plantation. Reese Stigliano,...
© 2023 Commercial Real Estate Direct All rights reserved.
© 2023 Commercial Real Estate Direct All rights reserved..