September 15, 1999 PITTSBURGH – The pension-fund advisory arm of J.P. Morgan has provided $134 million of fixed-rate acquisition financing the Hillman Co. for its $180 million purchase of PPG Place in Pittsburgh.The mortgage was provided by a...
September 15, 1999 PITTSBURGH (AP) – After 20 years of trying, Oxford Development Co. has finally gotten approval to develop 183 acres of wooded property in North Hills. The developer has twice tried and failed to develop a...
September 15, 1999 By Lisa Finnegan, VertiNews.com CorrespondentBrooks Brothers is relocating its Long Island City, N.Y., manufacturing/alterations facility.The high-end apparel retailer signed a 15-year lease for 85,000 square feet at 39-25 Skillman Avenue. It previously occupied the Mojud...
September 15, 1999 MENLO PARK, Calif. – Spieker Properties Inc. (NYSE:SPK) said it recently leased a total of 116,000 square feet at the second phase of Parkshore Plaza, a just-completed development in Folsom, Calif., near Sacramento.The largest recent...
September 14, 1999 TOKYO – Mikihisa Hirai, a former managing director with Pricewaterhouse Coopers, has been named representative director and president of GMAC Commercial Mortgage Corp. Japan K.K.Hirai will direct the investment and servicing activities of GMAC Commercial...
September 14, 1999 FT. WORTH, Texas – Crescent Real Estate Equities Co. (NYSE:CEI) said that the recapitalization of Charter Behavioral Health Systems LLC has been completed.Charter Behavioral leases 88 psychiatric hospitals owned by Crescent.The restructuring was accomplished as...
September 14, 1999Panel OKs deal for business park Daytona Beach News-Journal, September 14DAYTONA BEACH, Fla. – With their latest acquisition of the 239-room Best Western La Playa hotel, newcomers Chuck Bray and Joe Gillespie now own five properties...
September 14, 1999 MILWAUKEE (AP) – TAPP Development Corp. plans to build a wireless-telephone customer service center in Milwaukee. It plans to present its proposal at a hearing scheduled for Wednesday by Suburban Franklin's Community Development Authority. TAPP...
September 14, 1999 Gentra plans Zellers, food court for Eaton's storesNational Post, September 14TORONTO – Gentra Inc., a Toronto-based real estate company, is nearing a deal to replace two Eaton's department stores. One Eaton's department store in a...
September 14, 1999 BOSTON (AP) – The British company that owns Shaw's and Star supermarkets announced it will close Star's Norwood warehouse Nov. 13. This is the latest effort to adhere to requirements imposed by federal regulators after...
September 14, 1999 NEW YORK – A joint venture between Legacy Partners and ING Barings has purchased the Cox Communications Building at 101 Convention Center Drive in Las Vegas.The building was sold for an undisclosed price by a...
September 14, 1999 SAN FRANCISCO – The Building Owners and Managers Association of San Francisco has elected Nancy Gille, vice president of Spieker Properties, and Jim Arce, senior vice president of investment management of Wilson Cornerstone Properties, to...
September 14, 1999 LOS ANGELES – Jones Lang LaSalle Hotels (NYSE:JLL) has named Karen Johnson senior vice president of its west coast division and Kimberly Katz as a research associate.Johnson was formerly a managing director at Landauer Associates,...
September 14, 1999LAFAYETTE, Calif. – Bedford Property Investors Inc. (NYSE:BED) declared a dividend of 39 cents/share payable Oct. 15 to stockholders of record as of Sept. 30.
September 14, 1999BINGHAM FARMS, Mich. – Malan Realty Investors, Inc. (NYSE:MAL) declared a 42.5 cents/share for the quarter ending Sept. 30 payable Oct. 20.
September 14, 1999 HUNTINGTON, N.Y. – Brickman Associates recently signed two tenants that will occupy 185,000 square feet at 3 Huntington Quandrangle, a 400,000-square-foot office building it acquired last year.Empire Blue Cross/Blue Shield agreed to occupy 100,000 sf...
September 14, 1999LOS ANGELES – Pension-fund adviser CB Richard Ellis Investors (NYSE: CBG) said that over the past few months it has acquired $480 million of real estate on behalf of the California State Teachers' Retirement System.The properties...
September 13, 1999 Holliday Fenoglio Fowler LP is expected to add high-caliber investment sales professionals in New York and Boston as part of its strategy to become a national player in the investment-sales community.The Dallas unit of Amresco...
September 13, 1999 DENVER – Archstone Communities (NYSE:ASN) is buying three apartment complexes in Illinois and Minnesota for $72.4 million.The purchases mark Archstone's entry into the Midwest. The REIT expects to complete another $75 million of Midwestern purchases...
September 13, 1999 JOHNSTOWN, Pa. – Crown American Realty Trust (NYSE: CWN) has eliminated 20 positions in its corporate office and three field staff positions, in anticipation of lower construction and development activity.The 12 percent reduction in staffing...
September 13, 1999Dream BaronSt. Petersburg Times, September 12JACKSONVILLE, Fla.– The St. Joe Co. owns a 1.2 million acre domain in Florida, about three percent of the state's land. That makes the Jacksonville-based company-formerly known as the St. Joe...
September 13, 1999Corel Centre beckons the Ex; Entertainment, trade-show complex proposedThe Ottawa Citizen, September 13OTTAWA – A new entertainment and trade-show complex has been proposed for vacant land near the Corel Centre in Kanata, perhaps financed by a...
September 13, 1999 CHICAGO – Security Capital Group Inc. (NYSE:SCZ) has completed the sale of its 23.6 percent interest in Strategic Hotel Capital Inc. for $329 million. Strategic Hotel financed the purchase of the stake with a $350...
September 13, 1999 INDIANAPOLIS – Duke-Weeks Realty Corp. (NYSE:DRE) has placed $150 million of its common stock with ABP Investments, the U.S. real estate investment arm of Holland's largest pension fund.Duke-Weeks did not use an underwriter on the...
September 13, 1999 SAN FRANCISCO – UCBH Holdings Inc. (NASDAQ:UCBH) has licensed the use of CyberLoan Virtual Lender as its on-line commercial mortgage submission system.UCBH is the holding company for United Commercial Bank. CyberLoan will allow the bank's...
© 2025 Commercial Real Estate Direct All rights reserved.
© 2024 Commercial Real Estate Direct All rights reserved..
