April 2, 2003 By Susanna Potter, Commercial Real Estate Direct Staff WriterEquity Office Properties Trust (NYSE:EOP) has quietly sold the Janss Court office building just outside Los Angeles in Santa Monica, Calif.The Chicago-based REIT sold the seven-story building at 1453 ...
March 20, 2003 Newcastle Investment Corp. (NYSE:NCT) has completed its third collateralized debt obligation: a $472 million issue, Newcastle CDO II.Although titled CDO II, the deal is actually the Fortress Investment affiliate's third CDO. In 1999, Fortress floated its first ...
March 18, 2003La Quinta Corp. (NYSE:LQI) has priced a $325 million issue of unsecured notes through underwriters led by Lehman Brothers.The Dallas hotel company priced the notes, which mature on March 15, 2011, and carry a coupon of 8.875, at ...
February 19, 2003ProLogis (NYSE:PLD) has priced a $300 million issue of senior notes through underwriters led by Banc of America Securities.The 10-year notes, which carry a coupon of 5.5 percent, were priced to yield 5.526 percent, or 163 basis points ...
February 7, 2003 An investment group comprised of Goldman Sachs and Starwood Capital Group has completed its roughly $1 billion acquisition of National Golf Properties Inc. (NYSE:TEE).Under the deal, agreed to last September, the Goldman/Starwood team will repay all debt ...
January 31, 2003 Mid-Atlantic Realty Trust (NYSE:MRR) has closed a $100 million unsecured revolving credit line with a bank syndication led by Allfirst Bank.The Lutherville, Md., REIT has the option to increase the three-year facility to $125 million and to ...
January 24, 2003 HRPT Properties Trust (NYSE:HRP) has sold $200 million of senior unsecured notes in order to refinance a higher-coupon bond issue that was outstanding.The 12-year notes, which carry a coupon of 6.4 percent, were priced at 99.474 percent ...
December 23, 2002 One Liberty Properties Inc. (AMEX:OLP) has paid $15.75 million for a flex building in Jupiter, Fla.The 188,567-square-foot building is leased to GE Medical Systems Information Technologies Inc. and is comprised of about 60 percent office/R&D space and ...
December 19, 2002 A joint venture of Developers Diversified Realty (NYSE:DDR) has sold La Frontera Village, a shopping center in Austin, Texas, for $78.1 million.The 535,000-square-foot center was owned by Retail Value Investment Program, a joint venture of the Cleveland, ...
December 11, 2002 AMB Property Corp. (NYSE:AMB) has renewed its $500 million unsecured revolving line of credit.The three-year facility, which was arranged by J.P. Morgan Chase Securities and Banc of America Securities, contains a multi-currency component under which up to ...
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.
