JP Morgan Provides $28.6Mln in Bridge Financing for Illinois Apartments
August 13, 2001 NAPERVILLE, Ill. – J.P. Morgan has provided a $28.6 million, three-year bridge loan for a 321-unit apartment property.Proceeds were used to replace a construction loan. The Glenmuir Apartments, owned by Fairfield Residential, are 95 percent occupied....
Corporate Office Buys 2 Buildings Near Baltimore Airport
August 13, 2001 BALTIMORE – Corporate Office Properties Trust (NYSE:OFC) has purchased two office buildings totaling 97,161 square feet near the Baltimore-Washington International Airport Terms of the transaction were not disclosed, but the REIT acquired the property at an...
FINAL PRICING: $175 Mln Times Square Hotel Trust (Bear Stearns)
August 13, 2001 Class Amount Avg. Life Rating Moody's Rating S&P Priced Benchmark A 175 12.5 Baa3 BBB- +335 Treas.
The Montecito Companies Unveils Town Center for Las Vegas
August 13, 2001 LAS VEGAS - Montecito Companies is planning a $2 billion-plus, 200-acre Montecito Town Center project.The company is in discussions with several suitors for joint venture partners. Montecito Companies would control the land.The 10 to 20 year...
Small DC Office Building Hits the Market
August 13, 2001 By Susanna Potter, Commercial Real Estate Direct Staff WriterThe owners of 1600 K Street NW in Washington D.C.'s central business district have put the eight-story building on the market.IBG Partners and Connecticut-based Greenfield Partners have hired...
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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.
