Cummings-Baccus Interests is planning to quickly sell a small office building and a parking lot in order to plow capital into the Norwest Tower, which it just bought from Reliance Group Holdings.
January 4, 2001 PHILADELPHIA – Pennsylvania REIT (NYSE:PEI) has entered into a three-year interest-rate swap agreement with Fleet Bank and Wells Fargo.The swap agreement covers a total debt of $75 million. PREIT will pay the counterparties a fixed rate of ...
January 3, 2001 SAN DIEGO, Calif. – Burnham Pacific Properties Inc. (NYSE:BPP) has sold three Los Angeles-area shopping centers for about $109.9 million.Retail Value Investment Program – a joint venture of Developers Diversified Realty Corp., Coventry Real Estate Partners and ...
January 3, 2001 CARY, N.C. – Konover Property Trust Inc. (NYSE:KPT) has retained Credit Suisse First Boston to evaluate and sell its outlet portfolio.The Cary, N.C., shopping center REIT owns 145 shopping centers in 22 states totaling 17.1 million square ...
January 3, 2001 FORT LAUDERDALE, Fla. – IRT Property Co. (NYSE:IRT) has bought the Pine Ridge Square shopping center in the Coral Springs area for about $11.6 million from a venture between Concorde Realty Partners LLC and an institutional investor.The ...
January 2, 2001 NEW YORK – Fitch has upgraded three classes and withdrawn one class in Credit Suisse First Boston Mortgage Securities Corp.'s 1995-AEW1. Class G is not rated.The rating agency upgraded the $24.7 million class E to single-A-plus from ...
The investment bank is providing about $135 million of financing for Chicago's old Montgomery Ward catalog distribution facility, which is being converted into a mixed-use complex that includes a large carrier hotel.
Buyer (venture bet. James Houlihan & Jemal family) got a $37Mln const. loan from Warburg Dillon Reed UBS
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