Springer Capital Pays $240.2Mln for S.C. Apartment Portfolio
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309-Unit Apartment Property Opens in Phoenix
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Secured Capital was hired to market $195 million of performing commercial mortgages for the Arizona State Retirement System and sell them by the end of the year. The pension fund will then stick to more liquid assets, such as CMBS.
September 25, 2001 FRAMINGHAM, Mass. – Paradigm Properties LLC has paid $12.1 million, or about $160/sf, for a three-story, 75,601-square-foot office building in this suburb of Boston.The Boston-based real estate investment firm bought the Class-A building at 959 Concord St. ...
September 25, 2001 BETHESDA, Md. – Cigna has provided $72 million in permanent, fixed-rate financing for two, five-story Class-A office buildings owned by Hines Corporate Properties.The financing was used to purchase the complex, known at Capital Gateway. Hines Corporate Properties ...
September 25, 2001 Teachers Insurance and Annuity Association, advised by Sonnenblick-Goldman Co., has sold six first mortgages secured by office buildings in New Jersey and Connecticut.A Midwestern savings bank bought the six loans, which were marketed as two separate pools.One ...
September 24, 2001 GLENDALE, Calif. – PS Business Parks LP, the operating partnership of PS Business Parks Inc. (AMEX:PSB), has sold $53 million of its 9.25 percent series E cumulative redeemable preferred units to GSEP 2001 Realty Corp.PS Business Parks ...
September 24, 2001 NEW YORK – SL Green Realty Corp. (NYSE:SLG) has acquired from Carlyle Group the 49.9 percent interest in 1250 Broadway in midtown Manhattan that it did not already own.The New York REIT paid Carlyle $29.5 million for ...
September 24, 2001 SOUTH PLAINFIELD, N.J. – Investcorp has sold a three-story, Class-B-plus office building for about $16 million to an undisclosed buyer.Investcorp purchased the roughly 160,000-square-foot Southfield Center in partnership with Crow Holdings of Dallas and Lincoln Equities Group ...
The slowdown in the investment sales market is exemplified by Bentall's offering of certain West Coast properties. Weak offers prompted it to hold onto certain properties, including 1888 Century Park East in L.A.
A German investment fund has teamed up with Kaempfer Co. to pay $83.3 million for 2099 Pennsylvania Ave. NW in Washington D.C. The property sits on the site of the former Park Lane Building.
September 21, 2001 Special to Commercial Real Estate DirectA group of private local buyers has purchased the six-story, 128,000-square-foot One Civic Plaza office building in Carson, Calif., for about $14 million, or $110/sf.The group includes Ed-Pac Drive-In Theatre Corp., FTA ...
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© 2023 Commercial Real Estate Direct All rights reserved..