Capital Markets

PORTLAND-Umpqua Holdings Corp. receives $70 million in capital financing to fund the cash portion of the previously announced $215-million merger with Centennial Bancorp. The transaction is expected to close in the fourth quarter.

MIAMI-The Pompano Beach-based casual-dining restaurant chain, which earlier said it would be free from protection under the U.S. Bankruptcy Code by Sept. 22, now says the date will be Sept. 30.

AUSTIN-The officers are elected, the board is in place and the application will go into the national office in January 2003. Brokers, lawyers, title company representatives and even State of Texas officials are on board.

DALLAS-August will pass without LaSalle Hotel Properties and Le Meridien sitting down at the conference table, as ordered by the Dallas courts. Conflicts on both sides delay talks as they jockey for a mutually acceptable date.

ORLANDO-The triple-B rating from triple-B-plus comes as the New York-based bond-ranking agency worries the sale of the county's refunding revenue bonds could be affected by the civil lawsuit Lake has filed against Fairfield, NJ-based Covanta Energy Corp. to regain control of the 13-year-old, 100-acre incinerator complex near Okahumpka, FL.

MIDLAND, TX-The limited partnership borrower takes out the loan through Dallas' Malone Mortgage. Secured by HUD's Multifamily Accelerated Processing program, the 30-year loan is fully assumable.

BOSTON-Dock Square Garage, a six-story, 698-space parking structure located in the heart of Faneuil Hall Marketplace, one of the city's most popular tourist attractions, secures $35 million in financing. The property also includes 15,641 sf of retail space.

PALM BEACH GARDENS, FL-Prison REIT Correctional Properties Trust files a universal shelf registration with the Securities and Exchange Commission. The registration statement allows the company to offer $250 million of its common stock, debt securities and warrants.