Capital Markets

DALLAS-Texas has all the right genes for weathering a nationwide recession, say regional executives. Job growth is slowing somewhat statewide, but it's still far ahead of the rest of the Union. The state's diversification is the key to continued growth.

LOS ANGELES-Locally based Hilton and other big names downgraded by UBS Warburg. Concerns include slowdown in revenue growth and travel cutbacks initiated by some large corporations.

SAN FRANCISCO-Greenwich Capital Markets has hired executives from Merrill Lynch and Donaldson Lufkin Jenrette to bolster its San Francisco operations. "Our clients will continue to have seasoned professionals offering the most innovative solutions," says Greenwich managing director Ryan Mullaney.

IRVINE, CA-Irvine-based real estate giant Fidelity National Financial Inc. has inked a deal with e-commerce company VISTAinfo to combine both companies' assets into a jointly owned real estate services firm.

NEW YORK CITY-Mayor Rudolph W. Giuliani presented his Financial Plan for Fiscal Years 2001-2005 yesterday (Jan. 25), calling for the largest capital plan for cultural institutions and libraries on record.

NEW YORK CITY-C&W expects that other transactions in the works will prove just as successful and boost the health of the Mexican banking system.

GREENWICH, CT-Urstadt Biddle Properties Inc., a retail REIT, reported a slight increase in funds from operations for fiscal year 2000 and a drop in net income due mainly to bankruptcy filings by some of its tenants.

ORLANDO-The official Orange County real estate records show the three retailers purchased individual tracts at the planned 1.3-million sf Mall of Millenia in southwest Orlando. But in reality, Forbes Taubman Orlando LLC Millenia, the mall's developer, bought 83 acres from the mixed-use venture's master developer, Orlando Southwest Partners, for about $19 million or $228,915 per acre ($5.26 per sf), then deeded back two 13-acre parcels and an estimated nine-acre parcel to the retailers.