June 7, 2001MADISON, Tenn. – Jones Lang LaSalle (NYSE:JLL) is selling a 528,840-square-foot distribution/warehouse facility.The property, at 530 Myatt Drive, consists of 418,480 sf of warehouse/distribution space, 104,260 sf of processing/packaging space and 6,100 sf of office space.The property is ...
June 7, 2001PASADENA, Calif. – Deutsche Bank Alex. Brown has provided $160 million of floating-rate financing for a portfolio of California and Texas properties owned by Shidler Group and Angelo, Gordon & Co.The three-year adjustable-rate bridge loan allows the investment ...
The talk is that the owners of 80 Broad St. in lower Manhattan would like to sell the building. But only if they get their price. A sale would fit in with their opportunistic profile.
June 6, 2001 A privately-held real estate investment and development company has paid $61.55 million, or about $240/sf, for the Morris Technology Center, a newly built and fully leased office complex in Parsippany, N.J.The Benenson Capital Co. bought the 256,750-square-foot ...
June 6, 2001 An entity controlled by Falcon Real Estate and Urban Realty Co. has purchased the historic office building at One Montgomery St. in downtown San Francisco for about $23.5 million, or about $310/sf.The offshore investor bought the 75,880-sf ...
June 5, 2001 ARLINGTON, Va. - Office and industrial REITS offer moderate growth and stable dividends despite the economic slowdown, which softened real estate market fundamentals, according to a report by Friedman, Billings, Ramsey & Co.The cash flow of office ...
June 5, 2001 FAIRFAX, Va. – PS Business Parks Inc. has acquired the Prosperity Business Campus for $88.4 million in cash from an undisclosed seller.The 12-building campus consists of four office buildings, totaling 355,000 square feet, and eight flex-space buildings, ...
June 5, 2001 SAN ANTONIO, Texas – Mack-Cali Realty Corp. (NYSE:CLI) has sold the Tetco Towers for $21.9 million to Koontz/McCombs 2 Ltd.The 256,137-square-foot, 15-story property, at 1777 NE Loop 410, is 84.9 percent leased.Proceeds will be used to invest ...
June 5, 2001 Commercial Real Estate Direct Staff ReportA lender group led by JP Morgan Chase, Banc of America Securities and Salomon Smith Barney has agreed to provide a $1 billion senior term loan that Equity Office Properties Trust (NYSE: ...
June 5, 2001 BOSTON – Congress Group Ventures has begun construction of a 900,000-square-foot Class-A office tower at 33 Arch St. The company has secured a four-year, $150 million construction loan from a group of banks led by Fleet Boston ...
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