Houston Business Journal Construction is underway on a 116,500-square-foot medical-office building in Houston. Healthpeak Properties Inc. is developing the five-story property at 7500 Fannin St. It already is 36 percent preleased and will include a parking garage that's being built ...
Commercial Real Estate Direct Staff Report Merrie Frankel, who for the past 18 years with Moody's Investors Service rated REITs and other real estate companies, has launched her own consulting company. She has formed Minerva Realty Consultants with real estate ...
Fitch Ratings has upgraded the commercial mortgage-servicer ratings of Berkadia Commercial Mortgage, thanks to the company's acquisition by a venture of Berkshire Hathaway Inc. and Leucadia National Corp. The company's special servicer rating was upgraded to CSS1- from CSS2-; its ...
Sovran Self Storage Inc. has called Fitch Ratings' recent decision to downgrade its unsecured term notes and revolving line of credit to BB+ from BBB- "unwarranted." The Buffalo, N.Y., REIT said the downgrades, issued on May 8, would result in ...
Commercial Real Estate Direct Staff ReportMoody's Investors Service last week downgraded Centerline Holding Co.'s credit rating to B1 from Ba3 and said the rating remained under review for additional downgrades.The rating agency cited Centerline's "near-term liquidity needs in a poor ...
The Mills Corp. has received indications of interest from a variety of potential buyers, the company said in a statement.The beleaguered Arlington, Va., retail REIT had set a deadline of June 13 to receive letters of interest from prospective buyers. ...
Florida Times-UnionAccording to Moody's Investors Service, Jacksonville has tied Edison, N.J., as the worst commercial property market in the country. The vacancy rate in Jacksonville's central business district was 21.3 percent at the end of the third quarter, up from ...
October 22, 2004 Kilroy Realty Corp. (NYSE:KRC) has lined up a $425 million unsecured credit facility from a group of lenders led by J.P. Morgan Securities and Banc of America Securities. The facility has a three-year term and could be ...
October 5, 2004 Standard & Poor's has upgraded the senior unsecured credit rating of iStar Financial Inc. (NYSE:SFI) to triple-B-minus from double-B-plus.S&P also upgraded the New York real estate finance company's preferred stock rating to double-B from single-B-plus. The ratings ...
August 31, 2004 St. Louis Post-DispatchMoody's Investors Service has lowered its rating on $98 million in bonds for the Renaissance hotels in downtown St. Louis, citing weak operating results and an unfavorable business outlook. The rating has been cut to ...
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