VertiNews.comSMSpecial ReportPan Pacific Retail expects to add two years to its $175 million credit facility, which is led by Bank of America.
August 23, 1999 IRVINE, Calif. – Financial Institutional Partners Mortgage Co. has hired Ian Stuart, a former regional director of Wells Fargo Co., as director of loan production overseeing San Diego and the Southwest.FIP, a mortgage bank, was formed in ...
August 23, 1999 NEW YORK – Lehman Brothers has provided $19.3 million of fixed-rate financing to Forest Plaza Associates for its purchase of Forest Plaza shopping center in Staten Island, N.Y.The shopping center, at 2040 Forest Avenue, contains 165,158 square ...
VertiNews.comSMSpecial ReportIssuers are expected to stay away from the CMBS market in November and December, leading many to think conduits will start becoming less active lenders.
August 20, 1999 ATLANTA -- Cigna Investment Management has provided $20.5 million of fixed-rate financing for the Park Central office building in Atlanta.The office building, owned by Park Central Associates LLC, contains 212,000 square feet and is 97.5 percent occupied, ...
August 19, 1999 Pan Pacific Retail Properties (NYSE:PNP) has raised $56.3 million of fixed-rate financing that it used to pay down its line of credit.The San Diego REIT raised the financing through L.J. Melody & Co., a unit of CB ...
August 19, 1999 COLUMBUS, Ohio – AMI Capital Inc., a commercial mortgage lender, has hired former KeyBank executive Thomas Lusk to head its newly opened Columbus office.In his new post as managing director, Lusk will oversee the office's lending activities ...
August 19, 1999 MEMPHIS – Mid-America Apartment Communities (NYSE:MAA) is in talks to refinance $120 million of its outstanding debt through Fannie Mae.The REIT said it expects the financing will allow it to reduce the rate of $120 million of ...
VertiNews.comSMSpecial ReportCigna is looking for a joint venture partner to invest $200 million in three office properties, in Irvine, Calif., Chicago and White Plains, N.Y.
August 17, 1999 DENVER – Apartment Investment and Management Co. (NYSE:AIV) said it received a $300 million revolving credit facility from a bank syndicate led by Bank of America (NYSE:BAC) and BankBoston (NYSE:BKB). Nine other lenders, including First Union (NYSE:FTU), ...
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.
