December 11, 2001 TAMPA, Fla. – IRT Property Co. (NYSE:IRT) has purchased the Carrollwood Center for $6.7 million.The REIT will spend $2.4 million to renovate and redevelop the 96,242-square-foot center that will include a 27,881-sf store for Publix Supermarkets. Carrollwood ...
November 28, 2001 WEBSTER, Texas – Gables Residential (NYSE:GBP) has sold two Texas apartment communities, one each in Webster and Dallas, for about $54.3 million.The 776-unit Baybrook Village, at 2702 West Bay Area Blvd. in Webster, and the 536-unit Arborstone ...
October 9, 2001CHARLOTTE, N.C. – Summit Properties Inc. (NYSE:SMT) has sold four apartment complexes with 892 units for $54.6 million, or $61,200/unit. The sales price represents a capitalization rate of 8.4 percent based on the properties' trailing 12 months of ...
August 24, 2001 HORSHAM, Pa. – GMAC Commercial Mortgage has purchased Carey Kramer Co., a Tampa, Fla., commercial mortgage firm.Terms of the transaction were not disclosed.The deal solidifies GMAC's presence in Florida. The company has a strong operation in the ...
August 22, 2001 TAMPA, Fla. – J. Scott Davis has joined Legg Mason Real Estate Services as vice president for loan production at the Tampa regional office.Davis was most recently with Bank of America, where he was senior vice president ...
August 15, 2001 TAMPA, Fla. – LaSalle Hotel Properties (NYSE:LHO) has sold the Radisson Tampa Hotel to a private investor for about $15 million.Proceeds from the sale will be used to reduce the REIT's $210 million credit facility.The 269-key hotel ...
August 10, 2001 TAMPA, Fla. – Pennsylvania Real Estate Investment Trust (NYSE:PEI) recently took out a $15 million mortgage to refinance the Countrywood Apartments, an apartment complex in which it owns a half stake.The Federal Home Loan Bank provided the ...
The six-building complex property is 85 percent leased.
REIT will use proceeds from the sale of hotel at 10221 Princess Palm Ave. to pay down $210Mln credit line.
July 18, 2001 TAMPA BAY, Fla. – J.P. Morgan has provided $21.3 million of floating-rate financing to Harbert Management Corp. for the Koger Center office property.The 388,000-square-foot, 15 building property, at 5414 Mariner St., was acquired in June for $28 ...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
