If their merger comes to fruition, it would create a powerhouse in the triple-net lease industry. Combined, the two own some $1 billion of property. But Captec's shareholders have previously snubbed the REIT in its attempt to complete a merger-like ...
June 29, 2001 BAYBORO, N.C. – Correctional Properties North Carolina Prison Finance, a subsidiary of Correctional Properties Trust (NYSE:CPV), has raised $57.5 million through the sale of taxable mortgage revenue bonds.Proceeds from the bonds have been used to complete the ...
Banc of America Securities has renewed its relationship with CNL Commercial Funding for the securitization, which should come to market next week. The triple-A portion will contain $90 million of notes.
June 15, 2001 DENVER – Hanover Financial Co., an investment vehicle affiliated with Marcus & Millichap of Palo Alto, Calif., has opened up shop in Denver and hired Brent Tharp, a former originator with JP Morgan Chase, as central region ...
May 24, 2001 PARSIPPANY, N.J. – Lexington Corporate Properties Trust has received $42 million in permanent financing from Principal Financial for the Aventis-Morris Corporate Center.The 341,000-square-foot Class-A office building, at 1 Upper Pond Road, is net leased for 10 years ...
May 9, 2001DALLAS – Archon Financial has provided $28.2 million of mortgage debt for a distribution facility in Carlisle, Pa., that is net leased to Ames Industrial.The mortgage, which was arranged by Cohen Financial's Deerfield, Ill., office carries a 10-year ...
April 23, 2001NEW YORK – Cushman & Wakefield Inc. has hired one and promoted several others in its midtown and downtown Manhattan offices.Paul S. Moss has joined the firm's New York office, where, as director of brokerage support operations, he ...
April 9, 2001By Brad Berton, Commercial Real Estate Direct Contributing WriterNnndeal.com, a Web site targeting 1031 exchanges, now has a calendar feature that calculates when property exchanges need to be completed to defer taxes.Other information planned for the site includes ...
April 2, 2001 NEW YORK – Lexington Corporate Properties Trust (NYSE:LXP) has raised $27.6 million in two financing deals, secured a $35 million credit line and plans to raise another $32.5 million in mortgage debt this quarter.The REIT raised the ...
February 16, 2001 NEW YORK – Moody's Investors Service has downgraded three tranches of Winn-Dixie, 1999-1 to Ba2 from Baa3. The deal's A1, A2 and A3 classes were downgraded. They have a combined balance of $397 million.The downgrades were due ...
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