$9.6Mln of assumed debt, $16.2Mln of op units in Home Properties of NY LP and $1.2Mln cash. The mortgage carries an interest rate of 6.91% and matures in January 2008. Property is fully leased.
March 26, 2001 ALEXANDRIA, Va. – Trammell Crow Residential has received a $24.2 million floating-rate construction loan from GMAC Commercial Mortgage Corp. for a multifamily property.The mezzanine equity is secured by a partnership interest.The Alexan Eisenhower Apartments will feature 226 ...
March 23, 2001 ALEXANDRIA Va. – Crescent Resources LLC has purchased the 300-acre Potomac Yard site from Commonwealth Atlantic Properties Inc. for an undisclosed price.The company plans to develop a mixed-use project on the site, which sits in both Alexandria ...
October 10, 2000 Washington REIT (NYSE:WRE) has acquired an office/retail complex at 510-526 King St. in historic Old Town Alexandria, Va., for $17 million, or about $150/sf, through a tax deferred exchange.Courthouse Square is a five-story building that contains 113,000 ...
Courthouse Square was purchased through a tax deferred exchange.
The company acquired the Mount Vernon Square in a tax-free exchange resulting from the disposition of two retail properties, Rolling Acres Mall and Tucson Place
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