June 19, 2002PHOENIX – Wells REIT has paid $25.8 million, or nearly $174/sf, for a Class-A office building at 2411 West Peoria Ave, in the Desert Canyon Corporate Campus.The Atlanta-based real estate investment firm bought the 148,605 square-foot office building ...
Built in 1991, 24-story tower is more than 90% leased; Dial Corp. sold it in 1997 for $73Mln
Built in 2001,the Desert Canyon building is fully leased thru July 2011 to Massachusetts Financial Services
May 31, 2002 Parkway Properties Inc. (NYSE:PKY) said it is acquiring three office properties for a total of $100 million.The Jackson, Miss., REIT is using proceeds from the sale of a 70 percent interest in 233 N. Michigan Ave. in ...
May 10, 2002 Commercial Real Estate Direct Staff ReportL.J. Melody & Co. has provided $228.2 million of financing through a Freddie Mac program for a large apartment portfolio owned by a group of German investment funds.The financing package is made ...
May 3, 2002NEW YORK – Moody's Investors Service is reviewing three classes of COMM, 2000-FL2, for possible downgrade.The three classes totaling $3.9 million of balance are supported solely by the Whitehall portfolio loan, which is secured by four apartment properties ...
The 24-story building is 93.4 percent occupied.
The five-building complex was constructed in 1981 and is 85.1 percent occupied.
CalPERS has sold its stake in the Paradise Valley Mall in Phoenix for nearly $78 million. Westcore, a Phoenix-based investor and manager, now owns the property in its entirety.
March 5, 2002 PHOENIX – James L. Cooper has joined GMAC Commercial Mortgage Corp. as vice president of the firm's local office.Cooper will be responsible for retail loan production with a focus on loan origination for correspondent life insurance companies ...
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