April 9, 2003 Investa Property Trust of Australia has tapped the CMBS market to raise A$213 million (US$128.8 million) of debt.Proceeds of the offering were used to refinance a $213 million bridge loan that was coming due next month.The transaction ...
March 12, 2003 Centro Property Group, an Australian property company, has tapped the CMBS market to raise A$150 million (US$89.3 million) of debt.The deal, Centro Capital Properties Ltd., Series 2, allows the firm to extend the maturity of its debt. ...
The large pension fund has decided to earmark up to 20 percent of its real estate allocation for the Canadian and Mexican markets to bolster returns. CalPERS also has approved its plan to enter into a co-investment partnership with Miller ...
March 11, 2003 Legacy Hotels Real Estate Investment Trust (TSE:LGY) has named Neil J. Labatte president and chief executive officer and is looking to hire someone to serve as a full-time chief financial officer.Labatte has served since 1999 as chief ...
February 27, 2003 Grubb & Ellis Co. has formed a unit that will manage investment deals between Europe and the United States.The unit, the Trans-Atlantic investment desk, will be led by executives of Grubb and Knight Frank in London. It ...
February 27, 2003 ProLogis (NYSE:PLD) has completed a 190.5 million euro ($205.6 million) CMBS transaction to finance 18 properties in Europe owned by its ProLogis European Properties Fund.The CMBS deal was led by J.P. Morgan Chase and ABN-Amro. The seven-year ...
February 26, 2003 Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) and Inmobiliaria Interpres, S.A. de C.V have opened Sheraton Centro Historico Hotel & Convention Center in Mexico City's Historical Center.The Sheraton is Starwood's 20th in Mexico and third hotel in ...
February 21, 2003 Asia Properties Inc. plans to purchase 46 acres of beachfront land in Phuket, Thailand, for $9.5 million and then develop a four-star resort.The company will purchase the lands in cash for an undisclosed amount of stock. The ...
February 14, 2003 Standard & Poor's Ratings Services has upgraded two classes of Shiba Asset Finance KK, a Japanese CMBS transaction, because of a significant increase in the subordination levels following the repayment of a loan in the pool.The rating ...
Column Financial is getting ready to issue a C$250 million conduit, the first of the year. Analysts expect increased CMBS issuance in Canada this year.
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