RECENT NEWS
Cheslock Bakker, Charles Cohen Buy Calif. Showroom Building for $165 Mln
October 20, 1999NEW YORK – The Cheslock Bakker Opportunity Fund has teamed up with New York developer Charles S. Cohen to buy the 1.2 million-square-foot Pacific Design Center in West Hollywood, Calif., from Teachers Insurance Annuity Association of...
Regency Realty to Buy Up to $65 Mln of Its Shares
October 20, 1999 JACKSONVILLE, Fla. – Regency Realty Corp. (NYSE:REG) said its board has authorized the purchase of up to $65 million of its common shares. Purchases will be funded through asset sales. The REIT owns 216 retail...
Mayor Advertises Norton Air Force Base in China
October 20, 1999 SAN BERNARDINO, Calif. (AP) – Mayor Judith Valles says her five-day China trip was "a good first step" in efforts to bring new businesses into the former Norton Air Force Base and economic revival in...
Kennedy-Wilson, Hanover Venture Has $40 Mln of Equity
October 20, 1999 The venture that Kennedy-Wilson (NASDAQ: KWIC) formed with a unit of Marcus & Millichap will leverage about $40 million of equity capitalization into $200 million of investments over the coming 18 months.Hanover Financial, a unit...
MuniMae Completes Purchase of Midland Cos.
October 20, 1999 BALTIMORE – Municipal Mortgage & Equity LLC (NYSE:MMA), also known as MuniMae, has closed on its $45 million cash-and-stock purchase of the Midland Cos. of Clearwater, Fla.Midland is a privately held group of seven companies...
Commercial Assets Files 8-K
October 20, 1999 Commercial Assets Inc. (AMEX:CAX) has filed a Form 8-K/A (Amended Current Report) with the SEC.
Kimco Realty Prices $50 Mln of Medium-Term Notes
October 20, 1999 Kimco Realty Corp. (NYSE:KIM) has filed a Form 424(b)3, a prospectus supplement detailing the pricing of $50 million of medium-term notes, which were underwritten by Merrill Lynch and Legg Mason Wood Walker.
Developers Plan Retirement Communities for Aging Gays and Lesbians
October 20, 1999 By Tom Kirchofer, The Associated PressBOSTON (AP) – Targeting a generation open about its sexuality and thinking about its golden years, developers around the country are looking to build gay-friendly retirement communities. In generations past,...
ElderTrust Files 8-A12B
October 20, 1999 ElderTrust (NYSE:ETT) has filed a Form 8-A12B (Registration Statement) with the SEC.
Keystone Property Files 8-K
October 20, 1999 Keystone Property Trust (AMEX:KTR) has filed a Form 8-K with the SEC.
Wellington Trust Files 8-A12B
October 20, 1999 Wellington Properties Trust (NASDAQ:WLPT) has filed a Form 8-A12B (a registration statement) with the SEC.
Canadian Regional Digest
October 20, 1999 New life in Old Port's eastMontreal Gazette, October 20MONTREAL – Harbourteam Corp. has unveiled plans for a $80-million condominium and hotel development on Montreal's waterfront. The hotel/condo project would be built in a converted refrigerated...
Southeast Regional Digest
October 20, 1999 Perimeter Square West Shopping Center sold for $26.5 millionAtlanta Journal Constitution, October 20ATLANTA – A German investment group represented by Trammell Crow Co. has just purchased the 5-year-old, 186,000-sf Perimeter Square West Shopping Center for...
Equity Inns Puts Financial Data on Website
October 20, 1999 MEMPHIS, Tenn. – Equity Inns Inc. (NYSE:ENN) has launched a website that will provide in-depth financial and corporate information for shareholders and the financial community.
Konover Property Pays $18.4 Mln for 2 Shopping Centers
October 20, 1999 CARY, N.C., Oct. 20 /PRNewswire/ -- Konover Property Trust (NYSE:KPT) paid $18.4 million for two community shopping centers totaling 235,000 square feet.The properties are: Lake Washington Crossing in Melbourne, Fla., which was purchased for $9.7...
Southeast Regional Digest
October 19, 1999 Sylacauga lands $80 Mln plant, 450 jobsBirmingham News, October 19SYLACAUGA, Ala. – More than 100 acres are now being cleared in Sylacauga for construction of an $80 million plant for a company owned by Italian...
Teachers, Chiyoda Complete Sale of One Liberty in Philadelphia
October 19, 1999 PHILADELPHIA – Teachers Insurance and Annuity Association said that it, along with its partner, Chiyoda Life Realty of America Inc. has completed the sale of its interest in One Liberty Place, a 1.2 million-square-foot office...
Canadian Regional News Digest
October 19, 1999 Bata closes Ontario plantToronto Star, October 19TORONTO – Bata Industries Ltd. will close an eastern Ontario shoe plant as part of a North American reorganization. The move will eliminate 209 jobs in Batawa, north of...
Grubb & Ellis Gets $50 Mln Credit Line from BofA-led Syndicate
October 19, 1999 NORTHBROOK, Ill. – Grubb & Ellis Co. (NYSE:GBE) has secured a $50 million credit line through a syndicate of financial institutions arranged by Banc of America Securities LLC.The five-year-term credit line replaces a $35 million...
St. Joe Taps Disney Exec to Head Hospitality Development Group
October 19, 1999 JACKSONVILLE, Fla. – Robert L. Shinn has joined the St. Joe Co. (NYSE:JOE ) as president of the company's newly formed Hospitality Development Group.The unit, which will develop hotels, resorts and timeshare facilities, is headquartered...
Nancy Skow Named Partner of E&Y’s Denver Office
October 19, 1999 DENVER – Nancy A. Skow has been promoted to partner of Ernst & Young LLP's Denver office.Skow, who has been with Ernst & Young since 1988, provides audit services to clients in the real estate...
Cornelia Kiley Joins Lend Lease as Head of Marketing
October 19, 1999 NEW YORK – Cornelia L. Kiley, former managing director for Chase Manhattan Bank's global asset management unit, has been named head of marketing of Lend Lease Real Estate Investments Inc. In her new post, Kiley...
National Golf Properties Files S-3/A
October 19, 1999 National Golf Properties Inc. (NYSE:TEE) has filed a Form S-3/A (Registration Statement) with the SEC.
CB Richard Ellis Brokers Sale of 2 California Retail Centers
October 19, 1999 LOS ANGELES – A 110,000-square-foot retail store in Norco, Calif., has been sold for $10.9 million.The building, on a 10-acre lot, houses a HomeBase store. It is located at 200 Hidden Valley Parkway. It was...
Manufactured Home Communities Files 8-K
October 19, 1999 Manufactured Home Communities (NYSE:MHC) has filed a Form 8-K with the SEC.
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Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
