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Welltower Inc. has paid $37.9 million, or $432.54/sf, for Highland Springs Medical Plaza, an 87,621-square-foot medical office property in Beaumont, Calif. The Toledo, Ohio, REIT purchased the property from Loma Linda University. The deal was highlighted by Kidder Mathews. The ...
IE Business Daily A venture of McDonald Property Group and USAA Real Estate has broken ground on a 1.8 million-square-foot industrial property at Crossroads Logistics Center in Beaumont, Calif. McDonald, of Laguna Beach, Calif., and USAA, of San Antonio, is ...
CBL & Associates Properties Inc. has negotiated the four-year term extension for the $67.58 million CMBS loan against the Parkdale Mall & Crossing in Beaumont, Texas. The loan, securitized through GS Mortgage Securities Corp., 2011-GC5, had matured last March.
Commercial Real Estate Direct Staff Report Sears is set to close its 115,723-square-foot store at the Parkdale Mall & Crossing in Beaumont, Texas, putting the property's $76.1 million CMBS loan at an increased risk of default. The loan, which amortizes ...
83.6 percent occupied.
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