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Parke Chapman

Parke’s Recent activity

Retail REIT Merger Ahead?
Jan 15, 2004
Inland Retail Real Estate Trust reportedly is in talks to buy Pan Pacific Retail Properties. Unnamed sources in a report by Realty Stock Review say PNP could sell for as much as $60 per share. PNP closed yesterday at ...
MeriStar Sells Four More Hotels for $33.9M
Jan 14, 2004
National hotel REIT MeriStar Hospitality Corp. has sold four hotels to two separate buyers. Gross proceeds from the sale of the hotels in Connecticut, Georgia, New Jersey and Pennsylvania total $33.9 million. Since...
Law Firm Relocates from Midtown to Downtown Manhattan
Jan 05, 2004
Midtown Manhattan law firm Morgan & Finnegan has signed a 100,000 sq. ft. lease at 3 World Financial Center. The lease gives the firm two full floors within 3 WFC, which is located directly across from Ground Zero...
Dissecting the Big Picture
Jan 01, 2004
The U.S. economy and the stock market were both enjoying a Santa Claus rally as 2003 marched toward the finish line. The Gross Domestic Product (GDP) rose at an annualized rate of 8.2% in the third quarter — much...
Biggest Office Markets Suffer from Indigestion
Jan 01, 2004
During the late 1990s, the financial services industry spent billions on office leasing and building acquisition costs, and nowhere was that trend more pronounced than in Boston and New York. Simply put, demand was...
Unlisted REITs Flush With Capital
Jan 01, 2004
Retail investors flooded the nation's four biggest sponsors of unlisted real estate investment trusts — also known as private REITs — with a whopping $6 billion in 2003. Roughly half that amount was raised by REIT...
IBM, Accenture to Move Jobs Offshore
Dec 15, 2003
IBM is planning to move roughly 4,730 programmers to India, China and other offshore locations. The company has notified its managers of the plan, which mainly will affect workers in Connecticut, New York, North...
Arizona Hotel Gets $33.5 Million First Mortgage
Dec 10, 2003
The Sonnenblick-Goldman Co. has arranged a $33.5 million first mortgage for Arizona’s Scottsdale Marriott at McDowell Mountains. An unnamed domestic investment bank provided the fixed-rate mortgage, which was arranged...
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