October 11, 2000 SAN FRANCISCO – Pivotal 650 California Street LLC, a venture between the Pivotal Group and investor William S. Levine, has purchased a nearly 500,000-square-foot office building from Sarofim Realty Advisors of Dallas through a $160...
October 11, 2000 Neighbors fight Home Depot in Boca RatonSun-Sentinel, October 11BOCA RATON, Fla. – Home Depot has proposed a 146,000-square-foot store just north of city hall on Northwest Second Avenue. However, residents who live near the 15-acre...
October 11, 2000 SAN DIEGO – Burnham Pacific Properties Inc. (NYSE:BPP) has postponed its annual shareholders' meeting, which was previously scheduled for Oct. 18, until the SEC completes its review of the company's preliminary proxy materials.The documents were...
October 11, 2000 (NewsTraders.com) – Mission West Properties (AMEX:MSW) was initiated Wednesday with an all out "buy" rating by Merrill Lynch analyst Eric Hemel, who set a 12-month price target of $18 on shares of the owner and...
October 11, 2000 EAGAN, Minn. – W.P. Carey & Co. LLC (NYSE:WPC) has acquired the headquarters building of Buffets Inc., an operator of buffet-style restaurants, for about $21 million, on behalf of Corporate Property Associates 14 Inc. Corporate...
October 10, 2000 RICHARDSON, Texas – Radisson-Olympus Capital Partners has acquired a 296-room Clarion Hotel for an undisclosed amount.The purchase marks the partnership's first acquisition since forming this summer.Radisson-Olympus plans to renovate the hotel, which will be renamed...
October 10, 2000 LOS ANGELES – CB Richard Ellis (NYSE:CBG) has expanded its presence in Nebraska by affiliating with Mega Corp., one of the state's largest real estate service providers.Mega, which is run by Bennett Ginsberg, is now...
October 10, 2000 ATLANTA – Wells Real Estate Investment Trust has completed construction on a $11.4 million, or $114.77/sf, build-to-suit project in Richmond, Va.The REIT has leased the 100,000-square-foot, four-story building to Alstom Power Inc., a power generation...
October 10, 2000 SAN DIEGO – Pan Pacific Retail Properties Inc. (NYSE:PNP) and Western Properties Trust (AMEX:WIR) have scheduled Nov. 9 as the date of their respective special meetings for shareholders to vote on a proposed merger.The record...
October 10, 2000 JACKSONVILLE, Fla. – The St. Joe Co. (NYSE:JOE) has completed its spin-off of its 54 percent equity interest in Florida East Coast Industries Inc. (NYSE:FLA) to its shareholders. Under the recapitalization and spin off, St....
October 10, 2000 JACKSON, Miss. – Five Arrows Realty Securities III LLC has agreed to buy up to $75 million of preferred stock in Parkway Properties Inc. (NYSE:PKY).Five Arrows, a fund managed by Rothschild Realty Inc., could buy...
October 10, 2000 PITTSBURGH – Interstate Hotels Corp. (Nasdaq:IHCO) has rejected an unsolicited acquisition offer from Shaner Hotel Group and instead will form a joint venture with a group led by Lehman Brothers.As part of that deal, Lehman...
October 10, 2000 BETHESDA, Md. – Host Marriott Corp. (NYSE:HMT) has closed a $250 million senior notes offering of its limited partnership unit, Host Marriott LP.The notes, which carry a 9.25 percent coupon rate, mature Oct. 1, 2007.The...
October 10, 2000 Washington REIT (NYSE:WRE) has acquired an office/retail complex at 510-526 King St. in historic Old Town Alexandria, Va., for $17 million, or about $150/sf, through a tax deferred exchange.Courthouse Square is a five-story building that...
Correction (October 13, 2000): Equitable Life Assurance Society of the U.S. said that it has not hired Cushman & Wakefield to market for sale 1285 Avenue of the Americas in Midtown Manhattan. Equitable was responding to Oct. 10...
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...
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