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August 11, 1999 NEWPORT BEACH, Calif. – The Olen Group, a Newport Beach, Calif., developer, raised a total of $319 million of mortgage debt, which it used to refinance a portfolio of office, industrial and multi-family properties in Southern California ...
August 11, 1999 HOUSTON – Cigna Investment Management has provided $35 million of fixed-rate financing for One Riverway, a 480,000-square-foot office building in Houston.Cigna provided the financing through ING Investment Management, which was advised by L.J. Melody, the mortgage banking ...
August 11, 1999By Brad Berton, VertiNews.com CorrespondentREDMOND, Wash. – CarrAmerica Realty (NYSE:CRE), a national real estate investment trust, is reaping the rewards of growth in the high-tech industry. The Puget Sound region's growing tech industry has helped fill up CarrAmerica's ...
August 11, 1999ROSEVILLE, Calif. – Summit Commercial Properties and Mack-Cali Realty Corporation (NYSE:CLI) have leased 70,000 square feet at Lava Ridge Business Center to Prima Publishing, a book publisher and media company.The transaction is Roseville's largest office lease to-date.Kevin Larscheid ...
VertiNews.comSMSpecial ReportTwo office complexes in Westchester County, N.Y., have been put up for sale, each should sell for about $40 million.
VertiNews.comSMSpecial ReportWith so little available office space in Midtown Manhattan, asking rents have shot up 12% to $44.77/sf in the first half.
August 9, 1999 ALHAMBRA, Calif. – CB Richard Ellis (NYSE:CBG) has agreed to offer its sales executives the option of marketing properties for sale through propertyfirst.com, an online multiple listing service.The Los Angeles real estate firm becomes propertyfirst.com's first client. ...
August 9, 1999ST. LOUIS (AP) - It's been almost six months since crews imploded the old Arena while thousands watched the former home of the St. Louis Blues crash to the ground.Now, officials say cleaning up the site could take ...
August 9, 1999 NEW YORK – Wellsford Real Properties Inc. (AMEX:WRP) said funds from operations for the second-quarter ended June 30 rose to $4.8 million or 23 cents/share on a diluted basis from $3.7 million or 17 cents/share the same ...
August 6, 1999 OAK BROOK, Ill. – Great Lakes REIT (NYSE: GL) said funds from operations for the second-quarter ended June 30 rose to $7.9 million or 47 cents/share from $7.2 million or 41 cents/share the same period last year.Net ...
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