The Chicago REIT has retained Cohen Financial as adviser to explore strategic alternatives, which could result in a sale of some or all of its office, industrial and retail properties or a merger.
February 22, 2000 LONDON – Lend Lease Real Estate Investments has formed a venture to manage European real estate securities for institutional investors, high net worth individuals and retail investors.The venture is a move by the pension-fund adviser to capitalize ...
A unit of Crescent Real Estate Equities is buying 37 healthcare facilities from Charter Behavioral Healthcare, which filed for bankruptcy today. The REIT is in the process of selling some of the healthcare company's facilities.
The former Ocwen Financial executive has teamed up with a seasoned turnaround specialist to form an investment fund that will target commercial properties in Florida.
Lower subordination levels have resulted in a drop in the supply of mezzanine CMBS. That, coupled with expected changes in regulations, has resulted in strong demand for higher-yielding bonds.
Sheryl Pressler was named chief executive of Lend Lease, and Matthew Banks was named to oversee the growth of the firm's overseas operations.
January 14, 2000 SACRAMENTO, Calif. – The California Public Employees' Retirement System said it has begun a national search for a chief investment officer to replace Sheryl K. Pressler, who stepped down to take the post of chief executive of ...
January 12, 2000 Cigna Investments provided $40 million of equity financing for the third and fourth phases of the Summit Office Complex in Aliso Viejo, Calif.The two phases will total 1 million square feet in several low- and mid-rise office ...
January 12, 2000 Dutch pension fund Stichting Pensioenfonds voor de Gezondheid, Geestelijke en Maatschappelijke Belangen has taken a 5.2 percent interest in JDN Realty Corp. (NYSE:JDN)The fund owns 1.8 million shares of the REIT, as detailed in a Form SC ...
January 12, 2000 Capital Growth Management LP, a Boston money manager, has accumulated a 10.52 percent interest in Home Properties of New York Inc. (NYSE:HME).In a Form SC 13G/A filed with the SEC, Capital Growth said the shares were owned ...
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