October 3, 2000 MELVILLE, N.Y. – Reckson Associates Realty Corp. (NYSE:RA) has sold a 49 percent interest in eight New York-area properties to an unidentified pension fund for about $136 million.The 1.5 million-square-foot portfolio consists of 51 JFK Parkway in ...
October 2, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorPS Business Parks Inc. (Amex:PSB) has acquired a fully leased 160,500-sf office complex in Irvine, Calif., for about $25.2 million, or $157/sf.PS Business Parks, which is based in Glendale, ...
October 2, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorPNOENIX – An investment fund run by RREEF Funds has purchased phases I and II of the Tempe Commerce Park flex-office development in suburban Phoenix from First Industrial Development ...
October 2, 2000 Special to Commercial Real Estate DirectAmstar Ltd. is looking to sell the Unocal building in Costa Mesa, Calif., and the price it's looking for has raised eyebrows among local real estate players.The Denver company hopes to sell ...
October 2, 2000 NEW YORK – A venture led by Lexington Corporate Properties Trust (NYSE:LXP) has purchased two Class-A office buildings in Lake Mary, Fla., for $41.7 million.The venture is believed to involve the New York Common Retirement Fund.The two ...
The recently renovated 475 Brannan St., which previously housed certain Southern Pacific Railroad operations, is expected to fetch north of $100 million. Secured Capital, SKS's broker, will launch a marketing campaign early next year.
October 2, 2000 LOS ANGELES – Kennedy-Wilson Inc. (Nasdaq:KWIC) has purchased three Tokyo area office buildings for about $30 million. The company bought the Sunshine II Building, The Kyowa Nishi Kanda Building and The Intelligent Plaza Akebonobashi Building in three ...
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