October 8, 2003 AmeriVest Properties Inc. (AMEX:AMV) has purchased the Scottsdale Norte Building in Scottsdale, Ariz., for $12.3 million.The price translates to a first-year capitalization rate of more than 10 percent.AmeriVest paid cash and is assuming the existing mortgage of ...
September 18, 2003 Arizona RepublicA new round of projects cements Scottsdale's lead in the race to be the Valley's biggest office market. Opus West is building the six-building North Scottsdale Corporate Center at the intersection of Loop 101 and Scottsdale ...
July 1, 2003 Corus Bankshares (Nasdaq:CORS) has provided $36.2 million to an affiliate of Magellan Development Co. in part to fund the conversion to condos of one of its Scottsdale, Ariz., properties.The loan, which also will be used to refinance ...
June 23, 2003 Phoenix Business JournalA $150 million redevelopment plan which includes 175 lofts, condos and three-story townhomes and 25,000-square-feet of retail space, is on the drawing board for downtown Scottsdale. Arruth Associates, a Houston real estate development and management ...
June 13, 2003 GDA Real Estate Services has paid $55.7 million for the Shops at Gainey Village, a 138,319-square-foot shopping center in Scottsdale, Ariz.The upscale property was sold by Scottsdale and Doubletree LLC, which is 50 percent owned by Macerich ...
June 5, 2003 Morgan Stanley Mortgage Capital Inc. is providing $29.5 million to finance three properties in Scottsdale, Ariz.The properties are:– Seville Retail Center, a retail neighborhood center built in 1990 with a net rentable area of more than 89,000 ...
two fully leased buildings are part of the Perimeter Center
built two years ago and is fully leased to tenants that generated $357/sf in sales last year
May 22, 2003 Phoenix Business JournalThe Pinnacle of Scottsdale, a shopping center anchored with a Safeway Supermarket at the northeast corner of Scottsdale and Pinnacle Peak roads, was sold by Lamb 4 P's earlier this month for $22.6 million. Scottsdale ...
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