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NEW YORK CITY-Goldman Sachs' Whitehall Street Real Estate Funds teams up with C&W to launch Sienna Capital LLC designed to snag under-performing office buildings for eventual resale.
WILMINGTON, DE-Leasing activity for the HRPT Properties Trust-owned office buildings at 802 Delaware Ave. and 1001 Jefferson St. is now handled exclusively by Smith Mack & Co./Oncor International. Smith Mack follows Grubb & Ellis and Insignia as the properties' leasing agency.
PORTLAND-The locally-based company agrees to acquire the landmark coastal resort for less than it traded for six years ago, with plans to transfer the purchase rights to its second limited partnership, Wisco Equity Fund No. 2.
PHOENIX-EastGroup Properties quickly accepted the offer from a local limited liability company. The buyer simply liked the 38,469-sf, multi-tenant building, its location and long-term hold opportunity.
LAS VEGAS, CA-The asset manager and commercial mortgage lender reports a third-quarter profit of $2.2 million, compared with $234,000 a year ago, and a revenue jump from $4.9 million to $8.8 million.
CHICAGO-Simon Property Group puts a $17.50-per-share offer directly to Taubman Centers directors, claiming previous offers made to boss Robert S. Taubman are not making their way to the board room.
AUSTIN-The telecommunications provider for the multifamily industry is using a rule that applies to companies with less than 300 record holders. Today's filing is a must-take action since it's been trading regularly below the $1 per share requirement.
ATLANTA-The CEO/president of the 31-year-old, locally-based apartment REIT says the company hasn't received any buy-out offers or talked to any potential new investors, quelling speculation that Post Properties is on the selling block after a gloomy Q3 performance.
CHICAGO-Approving a land write-down worth $155,000 should pave the way for a $1.1-million pancake house in an underserved South Shore neighborhood. But community development commission members wonder how they can ensure the reduced sales price will buy a long-term restaurant.
ORLANDO-The 28-year-old, 100-person brokerage booked $228 million in the first nine months of the year versus $204 million in the same 2001 period and $241 million for all of 2001.