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City: Portsmouth
Heights at Old Towne
Grubb & Ellis financed the Heights property with a $10.5 million mortgage from Freddie Mac, $3.2 million of financing from Wachovia and $3.2 million from NNN Realty.
Myrtles at Old Towne
Grubb & Ellis financed the Myrtles property with a $20.1 million mortgage from Freddie Mac, a $6.8 million loan from Wachovia Bank and $6.8 million of unsecured financing from NNN Realty Advisors, a Triple Net affiliate.
WP Carey Sells 3 Industrial Properties for $28.8Mln
May 5, 2005 W.P. Carey & Co. (NYSE:WPC) has sold three industrial facilities, totaling 494,100 square feet, for $28.8 million.The sale provided the company with a net gain of $9.1 million, which it will use to pay down its line ...
Portsmouth Renaissance and Conference Center
deal is for 67% interest; hotel at 425 Water St. has occupancy rate of 66.8% and an average daily rate of $97.52
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