May 7, 2002 TUCSON, Ariz. – Bank of America has provided roughly $14.5 million in permanent, fixed-rate financing for the 225-unit Pinnacle Canyon garden apartments.The Hayman Co. used the proceeds of the 10-year mortgage, which carries an about 7 percent ...
Bank of America provided $14.5Mln of acq. Financing; property at 7050 E. Sunrise Drive is 94% occupied
April 11, 2002 TUCSON – An investment group led by Larry Feldman has closed on its $54 million acquisition of the Foothills Mall, a 482,351-square-foot entertainment and retail center.Feldman acquired Foothills Mall with his long-time Arizona partners, Scott Jensen and ...
can be expanded by an additional 144,820 sf, including five developable pad sites; mall is 95% occupied
January 3, 2002 MANHATTAN BEACH, Calif. – Center Trust Inc. (NYSE:CTA) has raised $68.7 million of financing from Prudential Mortgage Capital, allowing it to reduce the balance on its secured credit facility and refinance maturing loans.The Pru financing is comprised ...
The Arizona State Retirement System is expected to complete the sale of a $186 million portfolio of seasoned commercial mortgages by the end of the year. It is working through Secured Capital, which starts marketing the portfolio this week.
September 4, 2001 Forest City Enterprises Inc. (NYSE:FCEA) said its sale of the Tucson Mall last month resulted in an after-tax gain of $51 million. The sale of the Tucson, Ariz., property to General Growth Properties provided cash proceeds of ...
August 16, 2001 TUCSON – General Growth Properties Inc. (NYSE:GGP) has purchased the Tucson Mall from Forest City Enterprises Inc. (NYSE:FCEA) for about $180 million.General Growth financed the purchase of the mall with a short-term acquisition loan and borrowings under ...
Built in 1982 and expanded in 1991, mall is 92% occupied with in-line store sales of $411/sf; Macy's, Robinson-May, Dillard's, Mervyn's, JCPenney and Sears are anchors
May 7, 2001 TUCSON, Ariz. – GMAC Commercial Mortgage Corp. has provided $15.8 million in financing for two hotels.Canada Avenue Hotel Associates Ltd. received $8.6 million in interim financing for the 200-key Fairfield Inn and Suites, in Orlando, Fla. Tucson ...
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