Capital Markets

LAFAYETTE, CA-The Lafayette-based purveyor of tenancy-in-common transactions is expecting its exponential growth during the first half of 2003 to continue, with projected year-end results in excess of 250 completed transactions and real estate value approaching $500 million.

NEWPORT BEACH, CA-Frederick J. Stemmler of Hopkins Real Estate Group is named division alliance co-chair for 2003-04 by the International Council of Shopping Centers. He gets the Western US as his territory.

MIAMI-The facilities include a $712.3 million, five-year revolving credit facility to mature in May 2008, and a $315.2 million, 364-day revolving credit facility to mature next May.

DALLAS-Meeting in a marathon session yesterday, the Senate Intergovernmental Committee weighs first-time legislation to place a 5% cap on commercial real estate values. A decision could come tonight.

LONDON-Beleaguered hotel chain Le Meridien is to revalue its global portfolio. The move is thought to presage possible sell-off of properties in order to reduce the company's debt mountain.

LONDON-Formula One motor racing tycoon Bernie Ecclestone has emerged as a major financial backer for the pounds 550 million ($880 million) Tchenguiz bid for the Selfridges department store chain.

PHOENIX-Mike Kumelski of Trammell Crow Co. is one of 10 nationwide selected for the national advisory board of ICSC's "Next Generation Program." The program will be rolled out at the May convention in Las Vegas.

LONDON-Rotch Property Group, the finance-driven investment group owned by the Iranian brothers Robert and Vincent Tchenguiz, is to be split into three separate companies.