Capital Markets

SCOTTSDALE, AZ-Fierce lender competition helps Walton Street Capital to get a favorable rate on a $33.5-million first mortgage and pay down initial debt for the four-year-old, 270-room Scottsdale Marriott at McDowell Mountains.

STAMFORD, CT-Seaboard Properties, the owner of the Stamford Landing office park here, secured new permanent mortgage financing, according to Holliday Fenoglio Fowler officials who arranged the deal.

DALLAS-Lone Star's owner, Scott Walton, becomes a senior loan officer with yesterday's closing. BMC's two-year plan is to buy 25 small shops in the US to become the first branded arranger of commercial loans in the $500,000 to $5 million sector.

DENVER-As predicted by the company, third quarter results fell from the same period a year earlier. The largest apartment REIT contributes the loss to the apartment recession.

LONDON-Land Securities Trillium, the outsourcing subsidiary of Land Securities, has reached agreement with the Department for Work and Pensions to expand its existing property outsourcing agreement to include the 9 million-sf former Employment Service Estate.

MINNETONKA, MN-Most of the closed stores will be from the Sam Goody chain as the music retailer's new owner tries to return it to profitability.

PHOENIX-The resort owner will pay a dividend of 10 cents, marking the third consecutive payout. The dividend is payable Oct. 10 to qualified shareholders. The last earnings report reflected income of $1.5 million.

MIAMI-The three properties were the 45,600-sf Lake Worth Commerce Center in Lake Worth, a 34,395-sf light industrial property here and a 45,000-sf Home Depot in Naples. The financing was secured by Cohen Financial.