WASHINGTON, DC-RFS Hotels Investors, a hotel REIT, is moving operational management of 50 hotels from Hilton Hotels Corp. to the newly-formed Flagstone Hospitality Management, an alliance between MeriStar and RFS.
WASHINGTON, DC-The retail-only real estate services provider has negotiated lease deals totaling more than 50,000 sf and sold a 15-acre mall in Kentucky alone. The DC-based company has completed almost 3,000 transactions in 2000.
WASHINGTON DC-Sumitomo of New York City sells prime, local office building to IBG Greenfield Partners LLC and Greenville Partners LLC. The 12-story building sold for $32.5 million.
ROCKVILLE, MD-Criimi Mae has until March 15, 2001 to effectively complete $847 million in recapitalization financing and to reorganize under an order from Judge Duncan W. Keir of the US Bankruptcy Court for the District of Maryland.
WASHINGTON, DC-James A. Attwood, former executive vice president at Verizon Communications, is taking the reins of the Carlyle Group's global telecommunications and media investment teams.
ATLANTA-The innovative project was born in the greater Atlanta small business Downtown incubator. Strio Co. will design, install and manage the network, providing private-labeled applications and services for businesses in the $2.9 trillion retail sector.
WASHINGTON DC-A new economic index is slated to be unveiled Nov. 29 for the Washington DC region. The tool is designed to measure what it takes to succeed in the new economy.
WASHINGTON, DC-Fannie Mae's e-commerce division has a new organizational structure and revised organizational goals. Launched in July, this division's expected on-line business-to-business volume is expected to hit $450 billion.
By ALPHARETTA, GA-The successful seven-month negotiation period puts the buyer's Accent Mortgage operation into a stronger industry position. Short-term notes were also part of the transaction.