September 29, 1999 Larry Silverstein has agreed to pay more than $200 million, or nearly $118/sf, for 120 Broadway, a massive office building in downtown Manhattan.The Wall Street Journal, which first reported the proposed purchase, also said that...
September 29, 1999 HORSHAM, Pa. – GMAC Commercial Mortgage Corp. has provided $49.2 million of mortgage financing for 711 Third Avenue, a 500,000-square-foot office building owned by S.L. Green Realty (NYSE:SLG).The fixed-rate loan carries a coupon of 8.13...
September 29, 1999 LAS VEGAS – Retail developer David DePierro of Dana Point, Calif., paid $5 million for 13.05 acres of land adjoining a Home Depot site where he plans to build a community shopping center. The seller...
September 29, 1999 HRPT Properties Trust (NYSE:HRP) has filed a Form SC 13D with the SEC.
September 29, 1999 Real estate investment trust National Health Realty (AMEX: NHR) has filed a Form S3/A with the SEC.
September 29, 1999 By The Associated PressCHATTANOOGA, Tenn. (AP) – Encouraged by the revitalizing success of its $45 million aquarium project seven years ago, the city of Chattanooga has proposed $200 million more in redevelopment investments for its...
September 29, 1999 HORSHAM, Pa. – GMAC Commercial Mortgage Corp. has struck a five-year deal to provide commercial mortgage banking services through Bank One offices in 13 cities. Under the agreement, which goes into effect on January 1,...
September 29, 1999 Winston Hotels Inc. (NYSE: WXH) has filed a Form S-3/A related to the offer and sale of up to 879,000 common shares by certain shareholders.
September 29, 1999 LOS ANGELES – FowlerShore & Flanagan has paid $17 million, or $53,125/unit, for Desert Oasis Apartments, a 320-unit property in Palm Desert, Calif.FowlerShore, a Sausalito, Calif., apartment owner, purchased the property from Associated Estates Realty...
September 29, 1999 CONSHOHOCKEN, Pa. – Kranzco Realty Trust (NYSE:KRT) has cut its common stock dividend to 32.5 cents/share, from 48 cents/share, payable Oct. 21 to holders of record Oct. 12.The reduction will allow Kranzco to retain more...
September 29, 1999 LAFAYETTE, Calif. – Bedford Property Investors Inc. (NYSE:BED) paid $16.6 million, or $144/sf, for a brand new office building in Federal Way, Wash.The building is already fully leased. Reliance Insurance Co. and Financial Pacific Corp....
September 28, 1999 NEW YORK – PricewaterhouseCoopers has released its Fall 1999 issue of Global Real Estate Now, its semi-annual look into trends and concepts that are transforming commercial real estate.The study analyzes the effect that globalization, e-commerce...
September 28, 1999 PHILADELPHIA – Lippincott, Williams and Wilkins has leased 123,000 square feet at 510 Walnut Street in downtown Philadelphia.The 10-year lease was valued at more than $22 million. Lippincott Williams, a publisher, will relocate its corporate...
September 28, 1999 FORT WORTH, Texas – Crescent Real Estate Equities Co. (NYSE:CEI) has made a series of executive changes, effectively reorganizing its senior management. The reorganization was orchestrated to better take advantage of potential investment opportunities, according...
September 28, 1999 Starwood Financial Trust (NYSE:APT) has filed with the SEC a proxy statement, under Form DEF 14A, regarding its merger with TriNet Corporate Realty Trust (NYSE: TRI).
September 28, 1999 Trinet Corporate Realty Trust Inc. (NYSE:TRI) has filed with the SEC a proxy under Form DEF 14A regarding its merger with Starwood Financial Trust (NYSE: APT).
September 28, 1999 New Plan Excel Realty Trust Inc. (NYSE:NXL) has filed a shelf registration under Form S-3 with the SEC. The shelf relates to the issuance of up to 664,316 common shares to holders of limited partnership...
September 28, 1999 LOS ANGELES – Oakwood Corporate Housing has bought the Club Tower Apartments, a 434-unit, forty-story luxury high-rise located at 1280 West Peachtree St., NW, in Atlanta for an undisclosed amount. Included in the purchase of...
September 28, 1999 REDLANDS, Calif. – Primecare Medical Network has renewed its 22,000-square-foot lease at the Nevada Street Plaza Business Park in Redlands.The lease accounts for nearly 20 percent of the property's 121,844 sf of leasable area. Currently,...
September 28, 1999 NEW YORK – SL Green Realty Corp. (NYSE:SLG) has filed a Form S-3/A for the sale of up to $400 million of common and preferred shares.
September 28, 1999 CYPRESS, Calif. – The Bascom Group LLC has paid $9.4 million for a 160-unit, 126,000-square-foot apartment complex in Cypress, Calif. (Orange County). David Elliott and Peter Hauser of Charles Dunn Co.'s Orange County office represented...
September 28, 1999 MEMPHIS, Tenn. – Storage USA Inc. (NYSE:SUS) has filed a Form S3 registration for the issuance of 14,622 shares to individuals and entities that sold self-storage facilities to SUSA Partnership LP on Sept. 25, 1998.
September 28, 1999 By Dan Whipple, VertiNews.com CorrespondentCASPER, Wyo. – Local government officials are talking to developers about potential commercial projects for the former Amoco refinery, a 300-acre parcel in this city of 50,000.Likely projects for the heavily...
September 28, 1999 SL Green Realty Corp. (NYSE:SLG) has filed form
September 28, 1999 Health Care Property Investors Inc. (NYSE:HCP) has filed a Form S-4 regarding its merger with American Health Properites, with the SEC.
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