Capital Markets

BURBANK, CA-Investment banker L.J. Melody arranges package from Principal Capital for Menlo's Burbank Empire Center office complex. The development will open next spring.

FT. WORTH-Bass Enterprises and Crescent Real Estate Equities are close to deciding who gets the contract as retail electric provider for the Jan. 1, 2002 deregulation. It's a powerful decision fueled by reliability and savings for building owner and tenant.

CHICAGO-Investors must "accept the fact we have to move from Easy Street to the Eisenhower Expressway at 5:30," Gary Kachadurian of RREEF Funds tells the National Association of Industrial and Office Properties conference.

ATLANTA-CNB Holdings Inc. of suburban Alpharetta, GA, is at $100 million in assets from $55.5 million in the year-ended period of Sept. 30, 2000, an 80% increase. The two-branch bank's broad range of products include commercial real estate lending and residential mortgage services.

DENVER-While admitting "uncertainty for the remainder of 2001 and for 2002," Apartment Investment and Management Co. says it expects third-quarter funds from operations to be up 5.7%.

ANAHEIM, CA-Standard & Poor's says sudden drop in travel to this tourism Mecca could jeopardize the city's ability to pay municipal bondholders. Move is latest sign that impact of last month's terrorist attacks is rippling across nation's economy.

HOUSTON-Stewart Mortgage brings a 16-year veteran of the lending industry aboard to steer its e-title division. Kerry A. Stith hails from the ranks of PNC Bank's consumer lending departments. He assumes the role as division president and senior VP at Stewart.

NEW YORK CITY-A local REIT with a minor interest in a Penn Station-area office tower spends $29 million to bring its stake up to 49.9% and secures an $85 million mortgage on the property at the same time.