CHATTANOOGA, TN-The locally headquartered mall REIT closes on five separate fixed-rate loans to pay off $289.5 million in loans at higher interest rates and pay down the company's lines of credit, which are at a slightly lower interest rate.

CHATTANOOGA, TN-The locally headquartered mall REIT closes on five separate fixed-rate loans to pay off $289.5 million in loans.

PORTLAND-Kathleen Schultz, previously with Harsch Investment and Bedford Property Investors, is tasked with generating new business opportunities, while Steve Seiber, formerly a senior vice president with one of the Silicon Valley's largest commercial contractors, will manage the company's development assignments, including Cascade Station.

SAN FRANCISCO-The Toronto-based REIT focused on US real estate says its one-year-old $49-million equity investment in the Bank of America Center is turning into $85 million thanks to the pending $1.05 billion sale of the 1.8 million-sf development.

SAN FRANCISCO-The Toronto-based REIT focused on US real estate says its one-year-old $49-million equity investment in the Bank of America Center is turning into $85 million thanks to the pending $1.05 billion sale of the 1.8 million-sf development.

SEATTLE-Seeing upside in rental rates, Pacific Property Co. of Palo Alto acquires 2900 on First, a 135-unit apartment property here that includes 14,000 sf of retail and 200 structured parking spaces. The seller, Equity Residential, acquired the asset in 1996 for under $12 million.

LAS VEGAS-Olympia Gaming plans to develop Southern Highlands Casino-Resort across Interstate 15 from the 2,700-acre Southern Highlands residential development at the southern entrance to the city.

LAS VEGAS-Olympia Gaming plans to develop Southern Highlands Casino-Resort across Interstate 15 from the 2,700-acre Southern Highlands residential development at the southern entrance to the city.