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Deal, for a 50% stake, values the mall at $317Mln, gives Macerich full ownership; 781,000 sf non-anchor
deal is for a 50% stake; values the property at $47.4Mln
deal is for a 67% stake, valuing the center at $25.8Mln
November 1, 2002Crown American Realty Trust (NYSE:CWN) is close to buying the Wiregrass Commons Mall in Dothan, Ala.While no price could be learned, the Johnstown, Pa.-based REIT said it is paying "less than $50 million." The company has also lined ...
deal is for 226,441 sf of non-anchor space; about 80% occupied; sales of $260/sf; Dillard's, J.C. Penney, McRae's and Parisian.
The REIT raised the debt from J.P. Morgan Chase. The debt is backed by 10 properties and carries a rate of 6.2 percent rate. That's slightly better than the blended 6.3 percent rate on the mortgages the debt is refinancing.
October 30, 2002 First Washington Realty Inc. has acquired three Philadelphia-area supermarket-anchored shopping centers on behalf of a real estate investment vehicle affiliated with the State of California Public Employees' Retirement System.The three shopping centers – each of which is ...
October 30, 2002 Column Financial has provided a $41 million loan in a deal arranged by Sonnenblick-Eichner Co. for The River, a recently completed entertainment shopping center in Rancho Mirage, Calif.The property's builder, Southern California developer J.H. Snyder Co., used ...
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