Reprinted from: Wall Street Journal – New York By Ray A. Smith June 20, 2001 Over the past few years, real-estate developers rushed to put up or renovate building to house the high-tech equipment that would power the exploding telecommunications industry. These so-called telecom hotels-windowless buildings with reinforced floors, super electrical feeds and wiring toRead More »
Ray A. Smith Dow Jones News Service, New York, NY June 19, 2001 Over the past few years, real-estate developers rushed to put up or renovate buildings to house the high-tech equipment that would power the exploding telecommunications industry. These so-called telecom hotels-windowless buildings with reinforced floors, super electrical feeds and wiring to the max-sprungRead More »
Source: Real Estate Alert June 13, 2001 T- Rex Capital, an investment firm headed by former Starwood Financial executive Thomas M Mulroy, is looking to raise $250 million of equity for an opportunity fund that will invest in properties and mezzanine debt. The vehicle will target properties valued at $50 million to $100 million thatRead More »
Source: GRID by Joe Gose June 1, 2001 Get ready to add telco hotel developers to the dot.com real estate casualty list, right under service providers. Then watch the biggest distressed-property acquisition frenzy since the Resolution Trust Corp.’s heyday in the 1990s, when opportunists snatched up stellar properties at bargain prices. According to Herb Hauser,Read More »