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March 19, 2001 DALLAS - Prentiss Properties Trust (NYSE:PP) has closed on a five-year, $75 million unsecured term loan.The terms include an initial interest rate of Libor plus 137.5 basis points.Banking participants included Commerzbank as lead arranger and Fleet National ...
March 15, 2001 SAN FRANCISCO - Catellus Development Corp. (NYSE:CDX) has authorized an additional $50 million for its stock repurchase program.Since February 2001 the company has spent $49.9 million repurchasing stock, totaling 2,888,900 shares at a weighted average price of ...
March 14, 2001 WHITE PLAINS, N.Y. – Starwood Hotels and Resorts Worldwide Inc. (NYSE:HOT) is making a tender offer to buy all of the outstanding shares of Royal Orchid Hotel (Thailand) Public Co. Ltd., owner of the Royal Orchid Hotel ...
March 13, 2001ATLANTA – Post Properties Inc.'s (NYSE:PPS) operating partnership affiliate has sold $50 million of 6.71 percent senior unsecured notes.The five-year notes are rated triple-B-plus by Standard & Poor's and Baa1 by Moody's Investors Service.Merrill Lynch and Legg Mason ...
One of the pension fund adviser's opportunistic investment vehicles purchased the Austin Marriott at the Capitol from USAA. The 356-unit property is said to have traded for about $50 million.
March 9, 2001Invitrogen Corp. has agreed to sell the former headquarters building of Life Technologies in Rockville, Md., for $55 million in cash.Human Genome Sciences Inc. is buying the 240,000-square-foot facility in a deal that is expected to close in ...
The New York investment and management firm is teaming with ING Capital to pay about $94 million for the 352,000-sf building. ORIX had come close to selling the property to Brickman, but a deal failed to materialize.
March 1, 2001 NEW YORK – Citigroup Center for Community Development Enterprise has provided UrbanAmerica with a $75 million line of credit for the acquisition and improvement of properties leased to commercial and social services tenants in low- and moderate-income ...
February 26, 2001 ORLANDO, Fla. – Weingarten Realty Investors (NYSE:WRI) has paid Cousins Properties Incorporated (NYSE:CUZ) $54 million for a 480,000-square-foot shopping mall.The Colonial Plaza Marketcenter is located on 45 acres on East Colonial Drive and Bumby Avenue, across the ...
February 21, 2001 RALEIGH, N.C. – Phoenix Limited Partnership plans to put Two Hannover Square on the sales block.The 29-story, 433,900-square-foot building, which is the tallest building in the Raleigh-Durham Triangle area, is on the market for $57 million, according ...
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