New York investors David Werner and Ruben Schron are said to be in talks to buy a massive portfolio of industrial properties from First Industrial Realty Trust for $180 million. The talk now is that the buyers are hunting for ...
October 12, 2000RFR Holdings, one of the five bidders competing to buy Manhattan's Seagram Building, has apparently emerged the winner.According to The New York Times, RFR, which is run by Aby Rosen and Michael Fuchs, yesterday agreed to buy the ...
October 12, 2000 NASHVILLE, Tenn. – Merrill Lynch Mortgage Capital Inc. has provided Gaylord Entertainment Co. with $200 million in interim financing for the construction of two hotels in Florida and Texas.The financing is secured by the 2,884-unit Opryland Hotel ...
October 11, 2000 LONDON – Land Securities PLC has agreed to purchase a leasehold interest in One New Change from the Bank of England for more than the asking price of 175 million British pounds ($253.7 million). Land Securities beat ...
October 11, 2000 SAN FRANCISCO – Pivotal 650 California Street LLC, a venture between the Pivotal Group and investor William S. Levine, has purchased a nearly 500,000-square-foot office building from Sarofim Realty Advisors of Dallas through a $160 million capitalization.The ...
October 10, 2000 NEW YORK – Ruben Schron, a N.J.-based investor, has purchased a portfolio of 20 apartment complexes in New Jersey, New York and Pennsylvania for $280 million from an investment group led by an affiliate of Emmes & ...
October 6, 2000 A venture between John Buck Co. and Morgan Stanley Dean Witter is expected to tap the commercial mortgage-backed securities market in order to finance a hotel/retail complex along North Michigan Avenue in Chicago. The Chicago Tribune is ...
October 6, 2000 LOS ANGELES – CB Richard Ellis Investors has finished raising $324 million for its Strategic Partners LP investment fund.Capital for the fund was raised from 16 U.S. and international investors, including 10 that are new clients of ...
October 6, 2000 Commercial Real Estate Direct StaffAt least five investor groups have turned in offers for the Seagram Building in Midtown Manhattan that Teachers Insurance investment is looking to sell.The five bidders are believed to include groups led by ...
October 5, 2000 Spieker Properties Inc. (NYSE:SPK) has purchased Lincoln Center in Portland, Ore., and Drakes Landing in Marin County, Calif., for $159 million.The purchase is being funded with proceeds of the recent sale of industrial properties.Lincoln Center contains 735,000 ...
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