Equity Residential Begins Hunt for President
August 23, 2001 CHICAGO – Equity Residential Properties Trust (NYSE:EQR) has formally begun its search for a president who would ultimately succeed Douglas Crocker II, the REIT's current president and chief executive. The REIT said it has hired executive...
Southcentral Regional Digest (8/23/01): New Orleans hotel project abandoned before begun
August 23, 2001 New Orleans hotel project abandoned before begunThe (New Orleans) Times-PicayuneNEW ORLEANS – New Orleans businessman Joseph Canizaro has abandoned his dream of building a 2,500-room hotel next to the Ernest N. Morial Convention Center, saying that...
Grubb & Ellis Sees Optimism for Future of Beleaguered Telecom Sector
August 23, 2001 NORTHBROOK, Ill. – The nationwide telecom vacancy rate is 39 percent, but demand from traditional firms will eventually better those bleak figures and provide investment opportunities, according to Grubb & Ellis Co. (NYSE:GBE), which has released...
Rockwood Exec Joe Morningstar Moves to Holliday Fenoglio
The 10-year veteran of the investment-sales boutique has decided to make a change. He'll work closely with another recent Holliday hire, Glenn Whitmore, who joined the firm to expand its investment-sales operation, from CB Richard Ellis earlier this year.
Keystone Re-Purchases Shares
August 23, 2001 WEST CONSHOHOCKEN, Pa. – Keystone Property Trust (NYSE:KTR) has priced a public offering that Merrill Lynch & Co. Inc. is underwriting.The 2.5 million common shares are priced at $13.65 each.Keystone is using the $32.3 million in...
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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.
