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September 29, 1999 MONTROSE, Calif. – Anchor Pacifica Management Co. paid $7.1 million for a 129-unit apartment complex in Montrose, Calif.David Elliott and Peter Hauser of Charles Dunn Co.'s Orange County office represented the buyer. Elliot and Hauser along with...
September 29, 1999 Larry Silverstein has agreed to pay more than $200 million, or nearly $118/sf, for 120 Broadway, a massive office building in downtown Manhattan.The Wall Street Journal, which first reported the proposed purchase, also said that Silverstein had...
September 29, 1999 HORSHAM, Pa. – GMAC Commercial Mortgage Corp. has provided $49.2 million of mortgage financing for 711 Third Avenue, a 500,000-square-foot office building owned by S.L. Green Realty (NYSE:SLG).The fixed-rate loan carries a coupon of 8.13 percent. It...
September 29, 1999 LAS VEGAS – Retail developer David DePierro of Dana Point, Calif., paid $5 million for 13.05 acres of land adjoining a Home Depot site where he plans to build a community shopping center. The seller is Home...
September 29, 1999 HRPT Properties Trust (NYSE:HRP) has filed a Form SC 13D with the SEC.
September 29, 1999 Real estate investment trust National Health Realty (AMEX: NHR) has filed a Form S3/A with the SEC.
September 29, 1999 By The Associated PressCHATTANOOGA, Tenn. (AP) – Encouraged by the revitalizing success of its $45 million aquarium project seven years ago, the city of Chattanooga has proposed $200 million more in redevelopment investments for its downtown.The capital,...
September 29, 1999 HORSHAM, Pa. – GMAC Commercial Mortgage Corp. has struck a five-year deal to provide commercial mortgage banking services through Bank One offices in 13 cities. Under the agreement, which goes into effect on January 1, GMAC will...
September 29, 1999 Winston Hotels Inc. (NYSE: WXH) has filed a Form S-3/A related to the offer and sale of up to 879,000 common shares by certain shareholders.
September 29, 1999 LOS ANGELES – FowlerShore & Flanagan has paid $17 million, or $53,125/unit, for Desert Oasis Apartments, a 320-unit property in Palm Desert, Calif.FowlerShore, a Sausalito, Calif., apartment owner, purchased the property from Associated Estates Realty Corp. (NYSE:AEC),...
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