Regional Digests
Midwest Regional Digest (1/11/02): Chicago-area Kohl’s Department Store Fetches $9.3Mln
January 11, 2002 Chicago-area Kohl's Department Store fetches $9.3MlnLAKE ZURICH, Ill. – A fund managed by CB Richard Ellis Investors has paid $9.3 million for Kohl's Lake Zurich, an 88,306 square-foot, freestanding Kohl's Department Store in this Chicago suburb. Sonnenblick-Goldman...
Mid-Atlantic Regional Digest (1/10/02): University of Pennsylvania forced to cut development plans f
January 10, 2002 Penn forced to cut development plans for campusThe Philadelphia InquirerPHILADELPHIA – A stagnant endowment and the financial woes of its health system have led the University of Pennsylvania to scale back plans to renovate high-rise dorms and...
Midwest Regional Digest (1/10/02): CenterPoint Identifies Properties Bought from CalEAST
January 10, 2002 CenterPoint identifies properties bought from CalEASTMILWAUKEE, Wis. – The five-building, 885,771-square-foot industrial portfolio that CenterPoint Properties Trust (NYSE:PMI) has purchased from CalEAST Industrial Investors are as follows: 720 West Parkland; 725 West Parkland; 315 West Edgerton; 5211...
Northeast Regional Digest (1/10/02): 370 Lexington Under Contract
January 10, 2002 370 Lexington under contractNew York PostNEW YORK – An investment fund controlled by the private banking group of UBS has contracted to buy 370 Lexington Ave. for just over $60 million. The 240,000-square-foot building was purchased in...
West Regional Digest (1/10/02): Phoenix Office Tower Sold for $48Mln
January 10, 2002 Phoenix office tower sold for $48MlnThe Arizona RepublicPHOENIX – The fourth office tower at the swanky Camelback Esplanade has sold for $48 million, the priciest deal for a Phoenix building since 1999. GE Asset Group bought the...
Mid-Atlantic Regional Digest (1/9/02): Morristown, NJ, Landlords Sue Town Over Rent Control
January 9, 2002 Morristown landlords target rent controlThe Star-Ledger (Newark, N.J.)MORRISTOWN, N.J. – Dozen of landlords in the Morristown Property Owners Association are suing the town to have the local rent control law eliminated. They are seeking compensatory damages, contending...
Northeast Regional Digest (1/9/02): UN Plaza Under Contract for About $161Mln
January 9, 2002 UN Plaza under contract for about $161MlnNew York PostNEW YORK – Capital Real Estate is under contract to buy 1, 2 and 3 UN Plaza from the United Nations Development Corp. for about $161 million. The title...
Midwest regional Digest (1/9/02): GE Closes $66Mln Buy of Chicago Office
January 9, 2002 Industry news: GE closes $66Mln buy of Chicago officeThe Chicago TribuneCHICAGO – GE Asset Management Inc. has completed its $66 million purchase of 230 W. Monroe St., and is retaining the West Loop building's existing management firm,...
West Regional Digest (1/9/02): Greystar Building 500-Unit Multifamily Project in Broomfield, Colo.
January 9, 2002 Broomfield to get luxury apartment communityDenver Rocky Mountain News BROOMFIELD, Colo. – Greystar Real Estate Partners LLC will begin construction next month on the 500-unit, $61 million Summit at Main Street luxury apartment community across from the...
Southcentral Regional Digest (1/8/02): MONY Provides $14.8Mln Mortgage for Tulsa Building
January 8, 2002 MONY provides $14.8Mln mortgage for office in TulsaTULSA, Okla. – MONY has provided a $14.8 million mortgage for the BP Building, a Class-A, two-building complex in the downtown. The buildings, which total 442,000 square feet, are home...
About
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
