Northeast News Digest
April 26, 2000 Deutsche Bank pays $337 Mln for stake in two Boston towersThe Wall Street Journal, April 26 BOSTON – A Deutsche Bank Realty Advisors investment fund is paying $169 million in cash and assuming $168 million in...
American Mortgage Buys Loan on Carolina Apartments
April 26, 2000 NEW YORK – American Mortgage Acceptance Co. (Amex:AMC) has acquired an FHA-insured mortgage on a Greenville, N.C., apartment community that is being developedIn addition to buying the $9 million mortgage, American Mortgage provided $1.5 million of...
Warburg, Pincus Said to Be Shopping Grubb & Ellis Stake; Firm Downplays Talk
The investment firm is said to be looking for a buyer for its 49 percent stake in Grubb & Ellis Co. A Warburg representative on Grubb's board says no buyer is currently in the picture, but did not deny...
Midwest Regional Digest
April 26, 2000 N.Y. firm acquires May Co. building The Plain Dealer (Cleveland, Ohio), April 26 CLEVELAND, Ohio – Argent Ventures LLC has closed on its purchase of the former May Co. building on Cleveland's Public Square for $22.2...
Mid-Atlantic Regional Digest
April 26, 2000 Home Depot backs off effort to buy Tower MallPORTSMOUTH, Va. – Home Depot did not execute its contract of a $6 million deal to purchase Tower Mall, but says it is still interested in developing a...
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.
