389-Unit Apartment Property Opens in Morgan Hill, Calif.
April 24, 2024
SL Green to Sell Palisades, N.Y., Event Space for $26.25Mln
April 24, 2024
property type: Retail
Lehman Provides $12Mln for Calif. Retail Center
June 24, 2002 FULLERTON, Calif. – Lehman Brothers has provided $12 million in fixed-rate financing for the Crossroads Shopping Center.The 10-year loan has a 7.38 percent interest rate and amortizes over 30 years.The 210,836-square-feet property was built in 1970 and ...
Washington REIT Pays $41.7Mln for Md. Shopping Center
June 21, 2002 ROCKVILLE, Md. – Washington Real Estate Investment Trust (NYSE:WRE) has paid $41.7 million for the Centre at Hagerstown, a 327,000-square-foot shopping center in Hagerstown, Md., in the northwestern part of the state.The property, at the intersection of ...
S&P Downgrades Taubman Centers Ratings
June 21, 2002 NEW YORK – Standard & Poor's has downgraded the corporate credit rating of Taubman Centers Inc. (NYSE:TCO) and its affiliated operating partnership to double-B-plus from triple-B-minus.In addition, the agency lowered Taubman's $200 million of preferred stock to ...
Cigna Provides $108Mln to Macerich for The Oaks Mall in Calif.
June 21, 2002THOUSAND OAKS, Calif. – Cigna Investments Inc. has provided the $108 million mortgage that Macerich Co. used for its purchase of the Oaks Mall.As previously reported, the loan carries a rate of 115 basis points over Libor.Macerich's operating ...
CBL Places $407.2Mln of Debt on 9 Properties
CSFB and Key Bank are providing a total of $407.2 million of financing for nine retail properties owned by CBL & Associates. The mortgages will be securitized in an upcoming conduit deal.
Moody’s Affirms 13 Affiliates of General Growth
June 19, 2002 NEW YORK – Moody's Investors Services has affirmed the ratings of 13 Affiliates of General Growth Properties Inc., a $560 million transaction backed by mortgages on 13 properties owned by the Chicago REIT.Moody's is the only agency ...
Fitch Upgrades Fair Oaks Mall Securitization
June 19, 2002 CHICAGO – Fitch Ratings has upgraded the $19 million class B of Fairfax Funding to double-A-plus from double-A because an improvement in the collateral mall's performance.The rating agency said it also affirmed the deal's triple-A class.The transaction ...
A&B Properties Buys Retail Center in Hawaii for $30.2Mln
June 14, 2002 HONOLULU, Hawaii – A&B Properties has agreed to buy a 180,300-square-foot retail center from the Morita Co. for $30.2 million.The Mililani shopping center sits on 12.8 acres within the master-planned community of Mililani in central Oahu.The center ...
Chelsea Unit Prices $100Mln of Senior Unsecured Notes
June 14, 2002ROSELAND, N.J. – CPG Partners LP – the principal operating partnership of Chelsea Property Group (NYSE:CPG) – has priced $100 million of 6.876 percent senior unsecured notes due June 15, 2012.The notes were priced at 99.815 percent to ...
S&P Raises Ratings on 2 Classes of Structured Asset Securities 1995-C1
June 14, 2002 NEW YORK – Standard & Poor's has raised its ratings on two classes of Structured Asset Securities Corp., 1995-C1, due to improved credit support levels resulting from the payoff of 54 mortgages representing 75 percent of the ...
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