December 31, 2003 Arden Realty Inc. (NYSE:ARI) has paid $23 million for Governor Executive Centre II, a 101,400-square-foot office building in San Diego.The Los Angeles REIT acquired the 96 percent-leased property from Yale Properties USA, which had marketed it through ...
December 19, 2003 Glenborough Realty Trust Inc. (NYSE:GLB) has purchased 610 W. Ash St., a 19-story, Class-A office property in downtown San Diego, for $32.5 million, or 187/sf.The property, which encompasses 174,000 square feet, includes parking for 409 cars.The San ...
December 16, 2003 Lankford & Associates Inc. is expected to begin construction immediately on Broadway 655, a 23-story building in San Diego at the southeast corner of Kettner and Broadway. The 410,000 square-foot mixed-use development will include 356,000 sf of ...
December 12, 2003 GE Real Estate Capital has provided $65 million of fixed-rate debt to LaSalle Hotel Properties (NYSE:LHO for its 462-room San Diego Paradise Point Resort. The five-year loan carries a fixed interest rate of 5.25 percent. At the ...
December 9, 2003 Prentiss Properties Trust (NYSE:PP) has purchased a portfolio of five office properties in the northern San Diego submarket of Carlsbad from Equity Office Properties Trust (NYSE:EOP) for $67 million.Prentiss, a Dallas REIT, also sold 2.53 acres in ...
The Kumeyaay Indian tribe, which purchased the U.S. Grant Hotel in San Diego, has lined up financing to fund the acquisition and a renovation. It turned to Corus Bank for $31 million of senior debt and Ramsfield Hospitality Finance for ...
December 4, 2003 San Diego Union-TribuneThe Sycuan Band of Kumeyaay Indians has purchased the U.S. Grant Hotel in San Diego for $45 million. The 93-year-old hotel was purchased from Wyndham International, which paid $29 million for the property almost three ...
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