October 19, 1999 NEW YORK – Texaco Inc. sold the headquarters building of its London operations for $136 million (82.5 million pounds), or nearly $627/sf.The 217,000-square-foot building, which is located at Westferry Circus in London's Canary Wharf, was...
October 19, 1999 American Mortgage Investors Trust (AMEX:AMC) has filed Form 8-K with the SEC. The filing provides details about the REIT's recent purchase of commercial mortgage-backed securities.
October 19, 1999 Sunstone Hotel Investors Inc (NYSE:SSI) has filed a Form SC 13E3/A with the SEC. The filing details Sunstone's planned merger with Westbrook Real Estate Partners LLC.
October 19, 1999 RFS Hotel Investors Inc. (NYSE:RFS) has filed a Form 10-Q/A (Amended Quarterly Report) with the SEC.
October 19, 1999 Hospitality Properties Trust (NYSE:HPT) has filed Form S-3 with the SEC. The filing relates to the resale of common shares by shareholders Gerard M. Martin and Barry M. Portnoy for their own account.
October 18, 1999 LOS ANGELES – CB Richard Ellis (NYSE:CBG) has been named leasing and marketing agent for Harbor Center, a $55 million development project in Costa Mesa, Calif.The 330,000-square-foot property is anchored by Home Depot, Lucky, Rite...
October 18, 1999 HORSHAM, Pa. – GMAC Commercial Mortgage has arranged $17 million in financing for a Scottsdale, Ariz., apartment complex.Sonoran Vista Apartments LLC received a 7.85 percent acquisition loan with a 30-year amortization for the Sonoran Vista...
October 18, 1999NORWALK, Conn. – Lend Lease Real Estate Investments Inc. has formed a joint venture with Mountain Development Corp. to buy 535 Connecticut Avenue in Norwalk, Conn., for $20.2 million, or $121/sf.The 166,600-square-foot building was purchased from...
October 18, 1999 CHICAGO – AMLI Residential (NYSE:AML) has completed the sale of three apartment complexes for a total price of $49.8 million. The properties sold are: AMLI at Park Sheridan, a 253-unit apartment community in Chicago, AMLI...
October 18, 1999 MGI Properties (NYSE:MGI) has filed Form 10-Q with the SEC.
October 18, 1999 LNR Property Corp. (NYSE:LNR) has filed Form 10-Q with the SEC.
October 18, 1999 WEST CONSHOHOCKEN, Pa. – Keystone Property Trust (AMEX:KTR) paid $29.4 million for a 885,800-square-foot bulk distribution warehouse in LeMoyne, Penn.The property, built in 1997, is fully leased to International Paper, Cumberland Distribution, Outdoor Advertising Systems...
October 18, 1999 Kilroy Realty Corp. (NYSE: KRC), a real estate investment trust, has filed a Form S-3 , a registration of its securities, with the SEC.
October 18, 1999Germantown Office Park lures tenantsMemphis Business Journal, Oct. 18MEMPHIS, Tenn. – Memphis-based Eagle Systems Technology Inc., First Tennessee Bank and three medical practices have committed to a new $30 million office park development by Memphis-based Loeb...
October 18, 1999 Old Port warehouse to get $80-Mln faceliftMontreal Gazette, October 16MONTREAL – Montreal's Old Port area is set to undergo an $80 million transformation with the conversion of a long-vacant cold-storage warehouse into a luxury hotel-condominium...
October 18, 1999BEVERLY HILLS, Calif. – Kennedy-Wilson Inc. (NASDAQ:KWIC) and a unit of Marcus & Millichap of Los Angeles have formed an investment fund that will buy and reposition up to $200 million of Southern California multi-family properties.Marcus...
October 18, 1999 ATLANTA – Deloitte & Touche and the National Association of Office and Industrial Properties (NAIOP) report that the Northeast region has maintained the highest rents in the nation for industrial space, according to the two...
October 18, 1999By Lisa Finnegan, VertiNews.com CorrespondentNEW YORK -- 838 Associates LLC has received $42 million in financing, or more than $750 per square foot, to build luxury condominiums at the former site of the Union of American...
October 18, 1999IRVING, Texas – FelCor Lodging Trust Inc. (NYSE: FCH) and Starwood Hotels & Resorts (NYSE: HOT) have partnered to buy the 437-room Sheraton Premier Hotel in Tysons Corner, Va.The team paid $52.9 million for the property....
October 15, 1999 Commercial Mortgage Asset Trust, Commercial Mortgage Pass-Through Certificates, Series 1999-C2ClassAmount($mln)Sub. Level(%)RatingMoody'sRatingFitchRatingS&PAvg.LifeSpread(BP)BnchMarkA-1127.028.5AaaAAAAAA5.73+133Treas.A-2322.828.5AaaAAAAAA9.2+154Treas.A-3108.728.5AaaAAAAAA11.5+171Treas.B39.023.5Aa2AAAA13.4+200Treas.C39.018.5A2AA13.6+230Treas.D11.717A3A-A-13.9+250Treas.E29.313.25Baa2BBBBBB14.1+325Treas.F15.611.25Baa3BBB-BBB-14.2+425Treas.
October 15, 1999 LOS ANGELES (AP) – Kenneth Wong, head of Walt Disney's Imagineering division, is leaving the company to pursue "independent" opportunities. Glendale-based Walt Disney Imagineering is, among other things, the arm of the Walt Disney Co....
October 15, 1999 PHOENIX – New Mexico and Arizona Land Company (Amex:NZ), also operating under the name of NZ/Bridge Financial, has secured a $20 million revolving line of credit with a large non-bank institutional lender. The financing brings...
October 15, 1999 NEW YORK – New Plan Excel Realty Trust, Inc. (NYSE: NXL) intends to repurchase up to $75 million of the company's outstanding common shares through periodic open market transactions, or through privately negotiated transactions. New...
October 15, 1999 NEW YORK – Kennedy-Wilson Inc. (NASDAQ:KWIC) has brokered the sale of a Central Tokyo office building for a price of more than 1.6 billion yen ($15.5 million) or $300/square foot.Built in 1991, the 60,000-sf, seven-story...
October 15, 1999NEW HYDE PARK, N.Y. – Kimco Realty Corporation (NYSE:KIM) has declared a 48 cents per share dividend on its Class A Preferred Stock (NYSE:KIMprA) payable Nov. 15 to shareholders of record on Nov. 1.Kimco, a real...
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