January 17, 2000 Success has park seeing doubleSt. Petersburg Times, January 17SAN ANTONIO, Fla. – One Pasco Center could double its number of business tenants thanks to a booming economy and heightened interest in cheap land. Developers at...
January 14, 2000 (NewsTraders.com) – Marriott International Inc. (NYSE:MAR) filed with securities regulators today to register $300 million of debt securities, Class A common stock and preferred stock under a shelf, according to a Form S-3 document.In addition,...
January 17, 2000The California Mart in downtown Los Angeles has been put up for sale, according to the Los Angeles Times.The massive property, which encompasses 2 million square feet, is expected to sell for more than $100 million.The...
January 14, 2000 NEW YORK – Bear Stearns will publish, on a monthly basis, reports detailing vital statistics of commercial mortgage securities transactions that it was involved in. The Bear Stearns CMBS Monthly Quality Report will also contain...
January 14, 2000 Tenants forsake old buildings for newOrlando Sentinel, January 14ORLANDO, Fla. – More tenant shifts are under way in downtown Orlando because of new construction. Vacancies are rising downtown as new buildings come on line. Cushman...
January 14, 2000 BLOOMFIELD HILLS, Mich. – Taubman Centers Inc.(NYSE:TCO) is taking full ownership of the Twelve Oaks mall in Novi, Mich., while giving Rodamco North America full ownership of the Lakeside mall in Sterling Heights.The two firms...
January 14, 2000 Public Works shops for spaceThe Ottawa Citizen, January 14OTTAWA – The federal Public Works Department is in the market for up to 500,000 square feet of office space for the federal government. The interest comes...
January 14, 2000 By Debra Beachy, IPGDirect.com CorrespondentHOUSTON -- A burst of construction sparked by rising oil prices placed Houston among those cities nationwide with the largest increase in availability of industrial space in the third quarter, the...
January 14, 2000 J.P.Morgan Commercial Mortgage Finance 2000-C9ClassAmount($mln)Sub.Level(%)RatingMoody'sRatingFitchAvg.LifePricetalk(BP)BnchMarkA-120025.75AAAAAA5.47+96-98Treas.A-2404.725.75AAAAAA9.53+114-116Treas.B36.621.25AA2AA9.72+131-134Treas.C38.716.5A2A9.72+148-151Treas.D10.215.25A3A-9.72+160-163Treas.E28.511.75Baa2BBB9.8+200 areaTreas.F14.310Baa3BBB-9.81+275 areaTreas.X*814.4N/AAAAAAAN/A+380 areaTreas.*Notional amount only.
January 14, 2000 SACRAMENTO, Calif. – The California Public Employees' Retirement System said it has begun a national search for a chief investment officer to replace Sheryl K. Pressler, who stepped down to take the post of chief...
January 14, 2000 Credit Suisse First Boston was not involved in the purchase of the Shell Mex House in London's West End. A Jan. 11 story, "Witkoff Team Buys Large London Office Building for $278.6 Mln," inaccurately reported...
January 13, 2000 Barnett Inc. plans second building next to HQFlorida Times-Union, January 13JACKSONVILLE, Fla. – Barnett Inc., which opened an office headquarters in LaVilla downtown in May 1998, is moving ahead with development of its second building...
January 13, 2000 Quebec government seen in Sun Life deal Montreal Gazette, January 13MONTREAL – Sun Life Assurance Co. has sold a 50 percent stake in the Sun Life Building to SITQ Immobilier, the real-estate arm of Quebec's...
January 13, 2000 Sun Life Assurance Co. is selling a 50 percent interest in Montreal's Sun Life Building to a unit of Caisse de Depot et Placement du Quebec, according to the Montreal Gazette.The landmark building contains about...
January 13, 2000 Developer Mitchell B. Rutter, who leads Essex Capital Partners, has agreed to buy three lots on the northeast corner of Fifth Avenue and 42nd Street in Manhattan on which he plans to construct a 30-story...
January 13, 2000CHICAGO – Patti Unti, a former director of Heller Financial, has joined Cargan City as chief operating officer. Unti, who formerly worked on Heller's conduit, Heller Express, joins Cargan as it is launching its web site,...
January 13, 2000 LOS ANGELES – Glen Esnard, senior managing director of investment properties for CB Richard Ellis, has been given oversight of 15 additional CB offices.Esnard now overseas investment properties operations at 33 offices in the West....
January 13, 2000 S.L. Green Realty Corp. (NYSE:SLG) has registered to raise up to $400 million through the sale of common and preferred shares. The REIT's plans were outlined in a Form S-3A that was filed with the...
January 13, 2000 LUXEMBOURG – Security Capital-U.S. Realty (NYSE:RTY) has completed the sale of its special opportunity investment portfolio, which had generated a compound annual return since 1995 of 9.3 percent.Security Capital has been selling off the portfolio...
January 13, 2000 Associated PressFRANKFURT, Germany – More than 200 German prosecutors and police searched offices and homes Thursday connected to an investigation into troubled construction company Philipp Holzmann AG. In addition to Holzmann offices, prosecutors searched the...
January 12, 2000 MacKenzie Patterson Inc. and related entities have accumulated 36 percent of the outstanding shares of Host Funding Inc. (AMEX:HFD)MacKenzie is headquartered in Moraga, Calif., and manages real estate investments for clients. It owns 11 limited-service...
January 12, 2000 Associated PressWINSTON-SALEM, N.C. – Boston-based GFI Partners paid an undisclosed sum for the former Stroh Brewery, which it plans to convert into a multi-tenant building for light manufacturing and warehousing.The developer has formed a subsidiary,...
January 12, 2000 Duke-Weeks to build Florida Chase complexAtlanta Journal-Constitution, January 12TAMPA, Fla. – Duke-Weeks Realty Corp. will develop a three-building, 450,000-square-foot campus for Chase Treasury Solutions at Highland Oaks Business Center in suburban Tampa. Construction began last...
January 12, 2000 BOSTON – Boston Properties Inc. (NYSE:BXP) has paid about $31 million for an office complex that is being constructed in Needham, Mass.The complex sits on a 14.3-acre site and will contain three buildings with 381,000...
January 12, 2000 Stellar Management and Chetrit Group have agreed to pay about $120 million for Park West Village, a 2,517-unit apartment complex that sits next to Manhattan's Central Park.According to the Wall Street Journal, the property is...
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