David Simon Passes Away After Battle with Cancer
March 23, 2026
CREFC’s Lisa Pendergast Retiring in August
March 20, 2026
Brookfield Revives GGP Name for Malls
January 7, 2026
Subject: Economic News (ECO)
Restaurant REIT to Reduce Debt with Property Sales
October 13, 2000 DALLAS – U.S. Restaurant Properties Inc. (NYSE:USV) plans to sell additional properties to reduce its debt over the next nine months to about $300 million from about $356 million.The company predicts that this debt reduction will put ...
AEW Group Chops Bedford Property Stake to 0.6 percent From 7.6 percent
October 12, 2000 (NewsTraders.com) – AEW Partners LP and affiliates have drawn down their position in real estate investment trust Bedford Property Investors (NYSE:BED) to a 0.6 percent stake, a steep drop from a previous position of 7.6 percent.In recent ...
Insignia Gets $20 Mln from Edward Gordon Insurance Policy
October 12, 2000 NEW YORK – Insignia Financial Group Inc. (NYSE:IFS) has received about $20 million from its "key man" life insurance policy on Edward S. Gordon, who died on Sept. 21.The company said the policy will result in a ...
Cigna Taking Title to Nashville Office Tower
October 12, 2000 Cigna Corp. is expected to take title to the SunTrust Building in downtown Nashville, Tenn., through a deed-in-lieu of foreclosure.According to The Tennessean, the 30-story building's owner is a partnership that is 97 percent owned by SunTrust ...
The St. Joe Co. Completes Spin-Off of Florida East Coast Industries
October 10, 2000 JACKSONVILLE, Fla. – The St. Joe Co. (NYSE:JOE) has completed its spin-off of its 54 percent equity interest in Florida East Coast Industries Inc. (NYSE:FLA) to its shareholders. Under the recapitalization and spin off, St. Joe exchanged ...
Host Marriott Issues $250 Mln of Senior Notes
October 10, 2000 BETHESDA, Md. – Host Marriott Corp. (NYSE:HMT) has closed a $250 million senior notes offering of its limited partnership unit, Host Marriott LP.The notes, which carry a 9.25 percent coupon rate, mature Oct. 1, 2007.The company plans ...
S&P Takes Green Tree Financial Corp. Notes Off Watch
September 27, 2000 NEW YORK – Standard & Poor's today affirmed its ratings on and removed its CreditWatch status from various classes of Green Tree Financial Corp. Manufactured Housing Trust's certificates; Green Tree Recreational, Equipment & Consumer Trust's certificates and ...
Correction: S&P Gives Heritage BB+ Corporate Rating
September 27, 2000 Standard & Poor's assigned a double-B-plus rating to Heritage Property Investment Trust. The rating agency had misidentified the firm when it issued the rating on Sept. 18. Commercial Real Estate Direct ran the story on Sept. 19.
British Land Upgraded to Stable
September 26, 2000 LONDON – Fitch has upgraded British Land's senior unsecured triple-B-plus and short-term F2 ratings from rating watch evolving to a stable ratings outlook.The original rating watch action followed British Land's conditional agreement this summer to acquire a ...
B-piece Buyer: Pay Servicers More
A movement is under way by a few buyers of subordinate CMBS to get better compensation for special servicers, arguing that higher pay will result in a higher level of service. Others say servicers are doing the same thorough job ...
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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.
