By Chang M. Kaus- Staff Writer Boca Raton/Delray Beach News April 2, 2002 It’s a massive task -to find suitable uses for the 308-acre Boca technology property south of Yarnato Road. The public has already had a chance at three workshops to put there suggestions on the table. The Boca Raton Parks & Recreation BoardRead More »
PRESS RELEASE NEW YORK, March 21, 2002 – T-Rex Capital, LLC announced today that it has completed acquisition of a $13 million retail center mortgage from Credit Suisse First Boston (CSFB). The note is the “B” portion of a $49.4 million first mortgage on two retail shopping centers outside Washington, D.C. Specific terms were notRead More »
OPINION By Thomas M. Mulroy Janurary 11, 2002 In the wake of September 11, many analysts predicted commercial real estate markets in upstate New York, New Jersey, and Connecticut would be hard pressed to fill the 13 million square feet of lost office space. Yet within weeks more than half of that total was replacedRead More »
Source: Real Estate Alert December 19, 2001 An investment group has agreed to pay a New York State agency about $160 million for U.N. Plaza, a three-building office complex in Midtown Manhattan that is leased to the United Nations. The buyer is Capital Real Estate, a New York firm controlled by a group of wealthyRead More »
Source: Real Estate Alert – The Grapevine December 12, 2001 Institutional investors have slowed their purchases of real estate this year, while privately held firms and individuals have increased their holdings. According to a report from Grubb & Ellis, institutional buyers — including pension funds, insurers and banks — accounted for just 18% of theRead More »
By Ray Smith – Staff Reporter of The Wall Street Journal Oct 10, 2001 Until recently, owners of so-called telecom hotels-buildings that house the high technology equipment that was supposed to power highflying telecommunications concerns – couldn’t give space away after the tech bubble burst and companies no longer needed facilities. Now telecom hotels areRead More »
Commercial Mortgage Alert August 13, 2001 Deutsche Bank is moving to step up its presence in the rapidly growing market for mezzanine loans. Deutsche is setting up a second mezzanine-loan fund, which will be capitalized with $350 million of equity. It would be the second largest venture of its kind in the U.S. – andRead More »
Orlando FL Sentinel Much of South Florida’s high-tech lineage can be traced to those heady days for IBM in Boca Raton by Christine Winter August 12th 2001 Twenty years ago, Boca Raton was the PC capital of the world, a title that faded when International Business Machines Corp. lost its hold on the market andRead More »
Focus is on practical strategies for weathering the downturn By Rich Miller CarrierHotels News Staff July 26, 2001 (SAN FRANCISCO) — There were no rose-colored glasses in sight as carrier hotel and Internet data center operators gathered here today for IMN’s summer conference. In numerous panels, the focus was on managing through adversity, rather thanRead More »
Florida Real Estate Journal July 13, 2001 New York – T-Rex Capital announced that it has completed its separation from Terremark Worldwide Inc., and has launched a $250 million real estate fund and related investment management company. Thomas M. Mulroy, T-Rex chief executive officer, said his company is raising up to $250 million specifically toRead More »