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Parke Chapman

Parke’s Recent activity

Report: CMBS servicers to consolidate this year
Jan 07, 2003
The number of U.S. commercial mortgage-backed securities (CMBS) servicers will continue to thin out this year, according to New York-based Fitch Ratings. Faced with a very competitive market, servicers are being...
New plans for WTC receive a warmer welcome
Dec 20, 2002
Nine new proposals for the redevelopment of Ground Zero have been unveiled, and unlike the most recent batch of plans — unanimously criticized as lackluster — these have been far better received...
Studley changes ownership structure
Dec 18, 2002
After months of speculation that the firm would be bought out, New York-based tenant representation firm Julien J. Studley has announced a major change in its management and ownership structure. The terms of the...
Sotheby’s HQ sells for $175 million
Dec 18, 2002
Embattled auction house Sotheby’s has sold its York Avenue headquarters in Manhattan for $175 million to German real estate firm RFR Holding. Sotheby’s will lease the building back from RFR for 40 years...
Midtown Manhattan office building could fetch $1 billion
Dec 17, 2002
Another Class-A office building in Midtown Manhattan is on the market. Located on 52nd Street in the heart of Midtown near Rockefeller Center, 666 Fifth Ave. could command bids as high as $1 billion, or more than $600...
Fitch: CMBS outlook not so grim
Dec 17, 2002
U.S commercial mortgage-backed securities (CMBS) upgrades will outpace downgrades in 2003, predicts Fitch Ratings. Still, Fitch projects that the performance of the four main property classes (hotel, office, retail...
Fitch: CMBS outlooknot so grim
Dec 17, 2002
U.S commercial mortgage-backed securities (CMBS) upgrades will outpace downgrades in 2003, predicts Fitch Ratings. Still, Fitch projects that the performance of the four main property classes (hotel, office, retail...
Mack-Cali scoops up Philly office property
Dec 16, 2002
Mack-Cali Realty Corp. (NYSE: CLI) has purchased a 175,000 sq. ft. Class-A office building in suburban Philadelphia for $26.3 million. The 4-story property, known as the Triad Building, is 90% leased to eight tenants...
Medical REIT buys North Carolina medical center
Dec 16, 2002
Windrose Medical Properties Trust (NYSE: WRT), an Indianapolis-based medical REIT, has purchased a multi-tenant office building in Charlotte, N.C., for $5.65 million. The Park Medical Center is 92% leased to 10...
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