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Developer Seeks Financing for Luxury Hotel in Fort Lauderdale

Clearwater-based company expects to spend about $85 million on Ft Lauderdale 23-story hotel

VertiNews.com September 30

New York Life Provides $63 Million for HBO Building

New York 16-story, 360,000-square-foot building sits at 42nd Street

VertiNews.com September 30

Archstone Buys Properties in Chicago, Minneapolis Areas

A total of 781 apartment units in the Chicago and Minneapolis areas were purchased for $72.4 million

VertiNews.com September 30

GMAC Commercial Mortgage Closes $49 Million New York City Office Building Financing

The 20 story property, located at 711 Third Avenue, is owned by S. L. Green, a major REIT known for their expertise in owning and managing New York City office buildings

CBSNews.com September 29

Met Life Provides $150 Mln of Financing to 1500 Broadway

German owned property is a 500,000-square-foot office building in the heart of Times Square.

VertiNews.com September 29

Silverstein to Buy Equitable Building for $200 Mln, Journal Says

New York landmark has 1.7 million square feet

VertiNews.com September 29

Prime office buildings sold

Newport Beach partnership pays $160 million for nine Orange County, California commercial buildings from Japanese real estate company

OCRegister.com September 29

Resource Bancshares Mortgage Group, Inc.'s Subsidiary, Laureate Capital Corp., Announces the Sale of Two Shopping Centers Totaling $85,600,000

Properties, located in North and South Carolina total almost 1 million square feet purchased by Holland company and North Carolina firm

CBSNews.com September 29

FowlerShore Buys Palm Desert Apartments for $17 Mln

320 unit property located in California Desert town

VertiNews.com September 29

Bedford Property Pays $16.6 Mln for Washington Offices

Brand new building is located in Federal Way, Washington

VertiNews.com September 29

Anchor Pacifica Pays $7 Mln for Calif. Apartment Complex

129-unit apartment complex located in Montrose, Calif.

VertiNews.com September 29

GMAC Commercial Mortgage, Bank One Form Strategic Commercial Mortgage Alliance

Beginning 1/1/2000 GMAC will place a representative in selected Bank One locations throughout the Midwest and Southwest

PRNewswire.com September 28

MFA Announces Sale of Four Properties

America First Mortgage Investments, Inc. announced today that its subsidiary completed the sale of four assisted living
facilities located in Nebraska and Colorado

PRNewswire.com September 28


Speakers at Transact '99 indicate that the one of the benefits of auctions is due diligence is done ahead of time and one contract can be used for all buyers

Realtor.com September 27

Venture West Funding Refinances 13-Building Apartment Portfolio

Southern California mortgage banker funds 13 separate loans on West Los Angeles apartment buildings

CBSNews.com September 27

Captec Financial Group, Inc. Announces Refinancing for Chili's Bar & Grill And Burger King Restaurants with Quality Dining, Inc. and Subsidiaries

A total of $49 million in mortgages being refinanced

PRNewswire.com September 24

New Research Indicates That Apartment REITs Can Handle More Debt Because of Their Unique Financial Advantages

Lenders are willing to lend a greater percentage of asset value for apartments because apartments are more "liquid" than other properties

Newspage.com September 24

Zar Realty Gets $240 Mln of Permanent Financing on Manhattan Office Building

1.4 million square foot office building purchased for $20.5 million in 1995

VertiNews.com September 24

Group Buys Dallas’ Infomart for $100 Mln, with Deutsche Financing

Deutsche Bank providing about $75 million in financing for the building, one of the first designed for high-tech, computer-driven businesses

VertiNews.com September 24

Pan Pacific buys two Southern Calif. malls

Purchase of two Southern California grocery-anchored shopping centers for $31.6 million were financed with the issue of about $6.9 million of REIT

CBSNews.com September 23

JP Morgan Unit Sells Former Koger Properties for $80 Mln

1 million square feet located in 3 states

VertiNews.com September 22

Airport Authority to Buy Former Scott HQ in Philadelphia for $92.5 Mln

City of Philadelphia is close to buying International Plaza, a three-building office complex at Philadelphia International Airport

VertiNews.com September 22

Essex Property Sells Former HQ in Palo Alto for $404/sf

VertiNews.com September 22

New Office Construction Shows 6% Rise

Washington is most active market for office development

LATimes.com September 21

JP Morgan Fund Provides $200 Mln of Debt for Houston Center

Fixed-rate financing to Crescent Real Estate Equities Co. is for 3 million square feet of space in the Houston Center

VertiNews.com September 21

W. P. Carey Pays $55.2 Mln for Four AmeriServe Distribution Facilities

Mortgage is $32 million against properties totaling 860,000 square feet in four states

VertiNews.com September 21

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