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January 4, 2001 PALO ALTO, Calif. – Pacific Property Co. has purchased two apartment communities, totaling 126 units in southern California for $10.3 million.The properties, located about four miles apart, are the 84-unit Casa Del Prado in South Pasadena and...
January 3, 2001 CARY, N.C. – Konover Property Trust Inc. (NYSE:KPT) has retained Credit Suisse First Boston to evaluate and sell its outlet portfolio.The Cary, N.C., shopping center REIT owns 145 shopping centers in 22 states totaling 17.1 million square...
January 3, 2001 ROCKVILLE, Md. – Criimi Mae Inc., which is wriggling its way out of bankruptcy, has promoted David B. Iannarone to executive vice president.In his new post Iannarone, who has been the firm's general counsel since 1996, will...
January 3, 2001 Industry news: St. Joe Commercial gears up for busy new yearOrlando Sentinel, January 2ORLANDO, Fla. – St. Joe Commercial plans to break ground on about 500,000 square feet of office space in Orlando this year. Plans call...
January 3, 2001 FORT WORTH, Texas – Crescent Operating Inc., an affiliate of Crescent Real Estate Equities Co. (NYSE:CEI), is planning to restructure in the first quarter.Details of its plans have not been made known. The restructuring results from the...
January 3, 2001 FORT LAUDERDALE, Fla. – IRT Property Co. (NYSE:IRT) has bought the Pine Ridge Square shopping center in the Coral Springs area for about $11.6 million from a venture between Concorde Realty Partners LLC and an institutional investor.The...
January 3, 2001 WEST HOLLYWOOD, Calif. – Mani Brothers, a private investment firm, has paid $36 million, or just over $257/sf, for 9000 West Sunset Blvd. in West Hollywood.The 15-story office building was sold by ING Realty Partners and Jupiter...
January 3, 2001 FORT LAUDERDALE, Fla. – Extended Stay America Inc. (NYSE:ESA) has opened a three-story, 116-room Extended Stay America Efficiency Studios hotel at 329 Newman Springs Road in Red Bank, N.J.Weekly rates at the hotel range from $319 to...
January 3, 2001 NEW YORK – Offices2share.com has expanded its offerings to include all types of short-term office space, regardless of size.The offerings include short-term shares, sublets, landlord-direct spaces, executive suites and business centers.The company now provides a match-making service...
January 3, 2001 DALLAS – Cousins Properties Inc. (NYSE:CUZ ) has purchased a 200,000-square-foot Class-A office building in Dallas for $25.4 million. The four-story building, on 15 acres, is located at 3400 Waterview Parkway in Synergy Business Park.The building will...
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