HVB Real Estate Bank Opens HQ in Munich
The bank is the result of a three-way merger, with 70 percent ownership to be held by HypoVereinsbank once its own real estate operations are folded in.
Storage USA Explores Options With Security Capital
The self-storage REIT has opened the door for discussions with Security Capital Group, a majority shareholder that wants to take greater control of the company. Storage USA has also hired Lehman Brothers as a financial advisor.
Trammell Crow Brokers HQ Deal for LA School District
September 7, 2001 LOS ANGELES – The Los Angeles Unified School District is in contract to buy a 29-story office building in downtown Los Angeles for its new consolidated headquarters.The school district is paying $74.5 million, or about $80/sf,...
Florida Resort Company Exec Resigns
September 7, 2001 BOCA RATON, Fla. – Michael F. Glennie has resigned his position as senior vice president of resort operations at Boca Resorts Inc. (NYSE:RST) and president of the Boca Raton Resort & Club, effective Sept.21. Glennie resigned...
Brinker Int’l to Buy 39 Chili’s Locations From Sydran Group
September 7, 2001 DALLAS – Brinker International Inc. (NYSE:EAT) has reached an agreement to buy 39 Chili's Grill & Bar restaurants from their franchise operator, Sydran Group LLC of San Ramon, Calif.The $55 million acquisition also includes future development...
About
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.
