Commercial Real Estate Direct Staff Report Citigroup has provided $97.5 million of financing against 9295 Prototype Drive, a 1.3 million-square-foot office/industrial property in Reno, Nev., facilitating its $156 million, or $125/sf, purchase by an affiliate of Angelo, Gordon & Co. ...
fully occupied. Griffin-American financed the purchase by tapping a line of credit it has from Bank of America and Key Bank. The facility has a $100 million capacity, but that could be expanded to $200 million.
Griffin-American Healthcare REIT IV Inc. has paid $66.25 million, or $346.86/sf, for a 191,000-square-foot medical-office building in Reno, Nev. The Irvine, Calif., REIT, whose shares do not trade on any exchange, acquired the property from Universal Health Realty Income Trust, ...
Commercial Property Executive Westcore Properties has purchased a 1.2 million-square-foot industrial portfolio in Reno, Nev., for $54 million, or $45/sf. GLP US sold the portfolio in a deal brokered by HFF. All of the properties in the portfolio are near Interstate ...
Dalfen America Corp. has acquired a 1.25 million-square-foot industrial portfolio in Sparks, Nev., for $55.3 million, or $44/sf. The five-building portfolio is part of the Lillard Business Center and Vista Industrial Park. HFF had been marketing it on behalf of ...
Reno Gazette Journal Reno Land has acquired the former Park Lane Mall in Reno, Nev., for $27.5 million. The Century Park Lane 16 movie theater that sits on the site was not part of the sale. The developer plans to ...
Shopoff Realty Investments has paid $48.5 million, or $139.40/sf, for Firecreek Crossing, a 347,651-square-foot retail center in Reno, Nev. The Irvine, Calif., investment manager bought the 20-year-old property from Rreef America REIT II, which had acquired it in 2005 for ...
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