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WHITE PLAINS, NY-Westchester County executive Andrew Spano's proposal to study the possible takeover of the Indian Point power plants and their conversion from nuclear power to gas has prompted harsh criticism from the owner of the plants.
BALTIMORE-In a proposed $36.5-million deal, Prime Retail agrees to sell its only non-US property, Prime Outlets of Puerto Rico. Part of the proceeds will be used for the principle-prepayment requirement on its outstanding mezz loan.
NEW YORK CITY-Ownership of the Rockefeller Center property has launched a joint venture management operation with Clarion Partners to handle the day-to-day operations on selected properties across the nation. The new group is ready to pull the trigger at 1211 and Boston's One Federal St.
MIAMI-The project involves 65 of the condominium tower's 569 units. The changes will cost between $40,000 and $85,000 per unit and will be built as they are sold.
SAN DIEGO, CA-A 19-year industry veteran, Anna M. Martinez steps down from her post at Bank of America to join San Diego-based American Mortgage Network. She has been hired as vice president of Capital Markets and New Business Development.
DENVER-Sheldon Good & Co. of Colorado LLC will auction a 1,543-sf unit in the One Cheesman Place building at 1201 Williams St. at a minimum bid of $195,000, nearly $300,000 less than the original offering price, in one sign of a slowing market.
MOODY'S LOWERS RATINGS OF SIMON PROPERTIES GROUP, INC. (SENIOR DEBT TO Baa2); RATING OUTLOOK STABLEApproximately $6.3 Billion of Securities Affected.New…
ROCKVILLE, MD-Commercial mortgage company Criimi Mae Inc. recapitalizes and refinances by entering into an investment agreement with an affiliate of private funds management firm Brascan Real Estate Financial Partners.
BOULDER, CO-The popular restaurant owned and operated by chef Kevin Taylor fails to make a go of it in a college town plagued by declining retail spending and office vacancy rates approaching 50%.
MOODY'S LOWERS RATING OF KIMCO REALTY CORPORATION (Baa1 SENIOR DEBT) WITH STABLE OUTLOOKApproximately $1.5 Billion of Securities Affected.New York, November…