Deutsche unit picks Crosland for local management contract

By Geert De Lombaerde Posted on October 22, 2009 at 3:12 pm

RREEF, a real estate investment subsidiary of Deutsche Bank, has offloaded the management of more than 11 million square feet of property from New England to Texas to five firms, one of which is Crosland. A spokeswoman says the firm will take over the day-to-day running of Providence Marketplace, the $75 million shopping center it developed with Carolina Holdings before selling a majority stake to RREEF in 2007. Crosland, which also built the Terrazzo tower in The Gulch, will manage three sites in the Carolinas as well.

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Tags: Carolina Holdings Inc., commercial real estate, Crosland LLC, Deutsche Bank, Mt. Juliet, property management, retail real estate, RREEF, Wilson County  

Deutsche: Psych Solutions ready to refi

By Geert De Lombaerde Posted on February 23, 2009 at 12:02 pm

Deutsche Bank analyst Darren Lehrich says the Franklin-based behavioral hospital company is “in the final stages of refinancing” a $300 million credit line due in December. That will eliminate a lurking fear for investors – the company has drawn more than $200 million on the line – leading Lehrich to upgrade the stock (Ticker: PSYS) and slightly raise his target to $34.

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Tags: analyst actions, behavioral health care, Darren Lehrich, debt, Deutsche Bank, Psychiatric Solutions Inc., stock valuation  

Deutsche hearts Debut

By Geert De Lombaerde Posted on February 8, 2009 at 9:21 pm

German giant Deutsche Bank discloses a 7.1 percent stake in the Music Row-based regional radio company. Deutsche held no shares of the company (Ticker: DBTB) when it last reported its holdings in November.

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Tags: 5% owners, broadcasting, Debut Broadcasting Corp. Inc., Deutsche Bank  

The stinky shoe of lost pricing power

By Geert De Lombaerde Posted on December 17, 2008 at 8:09 am

Deutsche Bank says hotel companies, including Gaylord Entertainment, are in for a rough year at least as demand drops well below the number of available rooms.

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Tags: Deutsche Bank, Gaylord Entertainment Co., hotel management