January 3, 2001 FORT LAUDERDALE, Fla. – IRT Property Co. (NYSE:IRT) has bought the Pine Ridge Square shopping center in the Coral Springs area for about $11.6 million from a venture between Concorde Realty Partners LLC and an...
January 3, 2001 WEST HOLLYWOOD, Calif. – Mani Brothers, a private investment firm, has paid $36 million, or just over $257/sf, for 9000 West Sunset Blvd. in West Hollywood.The 15-story office building was sold by ING Realty Partners...
January 3, 2001 FORT LAUDERDALE, Fla. – Extended Stay America Inc. (NYSE:ESA) has opened a three-story, 116-room Extended Stay America Efficiency Studios hotel at 329 Newman Springs Road in Red Bank, N.J.Weekly rates at the hotel range from...
January 3, 2001 NEW YORK – Offices2share.com has expanded its offerings to include all types of short-term office space, regardless of size.The offerings include short-term shares, sublets, landlord-direct spaces, executive suites and business centers.The company now provides a...
January 3, 2001 DALLAS – Cousins Properties Inc. (NYSE:CUZ ) has purchased a 200,000-square-foot Class-A office building in Dallas for $25.4 million. The four-story building, on 15 acres, is located at 3400 Waterview Parkway in Synergy Business Park.The...
January 3, 2001 Commercial Real Estate Direct Staff ReportInvestors are poised to turn in their offers Thursday for a package of multifamily and healthcare mortgages offered by the U.S. Department of Housing and Urban Development.The agency had originally...
January 2, 2001 ATLANTA – Post Properties Inc. (NYSE:PPS) has leased properties in Atlanta, Austin, Texas, and Dallas.The properties are:– Post Stratford, located a block off Peachtree Street in Atlanta, includes more than 10 million square feet of...
Correction (Jan. 4, 2001): Glenborough Realty Trust, which sold a portfolio of 37 apartment complexes for about $400 million, used $37 million of the net proceeds to buy back 1 million of its stock. It also earmarked $23...
January 2, 2001 LOS ANGELES – Union Bank of California has purchased 1980 Saturn St. in Monterey Park, Calif., for about $50 million, or $119/sf.The 420,000-square-foot building was purchased from EIN Corp.The four-story building has served as Union...
January 2, 2001 NEW YORK – A venture between Lexington Corporate Properties Trust (NYSE:LXP) and the New York Common Retirement Fund has paid $81 million for a 340,240-square-foot office complex in northern New Jersey that is net leased...
January 2, 2001LAS VEGAS, Nev. – Sierra Health Services Inc. (NYSE:SIE) has sold the majority of its Las Vegas real estate for $115 million.CB Richard Ellis Corporate Partners LLC, an investment fund led by CB Richard Ellis, is...
January 2, 2001Credit Suisse First Boston syndicated a $175 million term loan provided to KSL Recreation Corp. for its $335 million purchase of the Arizona Biltmore Resort & Spa.The loan was originated by CSFB, Citigroup and Bank of...
January 2, 2001 Fla. malls plannedThe Business Journal of Jacksonville, January 2JACKSONVILLE, Fla. – Flagler Development is building two real estate strongholds in Jacksonville. The company plans to add two buildings to duPont Center next year. Also, the...
January 2, 2001The following table shows final pricing for the CR 2000-ZC2 single-asset CMBS deal from December 14, 2000, made available today. Greenwich Capital Markets Inc. was the underwriter, with Midland Loan Services acting as master and special...
January 2, 2001 Centrefund sells Kingwood CentrePRNewswire, January 2TORONTO – Centrefund Realty Corporation has sold Kingwood Centre, a 257,000-square-foot shopping center in Houston, for C$6 million (US$9 million).Summit REIT Sells Edmonton Industrial PropertyPRNewswire, January 2TORONTO – Summit REIT...
January 2, 2001 OKLAHOMA CITY – Wells Real Estate Funds has acquired a 128,500-square-foot Class-A office building for $15.3 million.The property is 54 percent owned by Wells Limited Partnership Fund XII and 46 percent owned by Wells REIT....
January 2, 2001 NEW YORK – Fitch has upgraded three classes and withdrawn one class in Credit Suisse First Boston Mortgage Securities Corp.'s 1995-AEW1. Class G is not rated.The rating agency upgraded the $24.7 million class E to...
December 29, 2000 ATLANTA – Lodgian Inc. (NYSE: LOD) has sold two of its properties – one hotel under development in Richmond, Va., and one land parcel in Anaheim, Calif.The buyer was not identified. The two properties cost...
December 29, 2000BIRMINGHAM, Ala. – Colonial Properties Trust (NYSE:CLP) has sold two properties in Florida and Virginia.Included in the sale were: Colonial Grand at Palm Aire, a multifamily 248-unit property in Sarasota, Fla., and Colonial Promenade Abingdon, a...
December 29, 2000HERNDON, Va. – Oakwood Worldwide has purchased a 12-building, 413-unit apartment community in Herndon, Va., for $61 million.The 20-acre property, Jefferson at Presidents Park, is located at 13800 Jefferson Park Drive. Nine of the 12 buildings...
December 29, 2000MCLEAN, Va. – Sunrise Assisted Living Inc. (Nasdaq:SNRZ) has agreed to sell nine assisted living communities for $131 million to a limited partnership formed by Prudential Real Estate Investments. The sale is expected to close during...
December 29, 2000Real estate investor David Werner paid $41 million, or about $96.50/sf, for the Key Center at Fountain Plaza, a 425,000-square-foot Class- A office and retail complex in downtown Buffalo, N.Y.Werner heads Key Success LLC, the New...
December 29, 2000 (NewsTraders.com) – BB&T Capital Markets analyst Harry Leathers today downgraded Washington Real Estate Investment Trust (NYSE:WRE) to long-term buy from strong buy because of recent price appreciation.Shares of the Rockville, Md.-based REIT surged $1.69, or...
December 29, 2000 WASHINGTON, D.C. – The Freedom Forum has finalized its $100 million purchase of the land located at the northeast corner of Pennsylvania Avenue and Sixth Street N.W.The settlement ends a six-month negotiation with the District...
December 29, 2000 SOUTH LAKE TAHOE, Calif. – Embassy Suites Lake Tahoe Resort has been sold to Ken Corporation, a Japan-based REIT specializing in asset management, real estate investment, international real estate, office and retail real estate, property...
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