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April 29, 2002 NEW YORK – Acadia Realty Trust (NYSE:AKR) has sold a portfolio of 17 shopping centers for $52.7 million.The sale completes the shopping center REIT's disposition of non-core assets, though Acadia will be retaining a senior, preferred interest ...
April 26, 2002 LOS ANGELES – Westfield America has completed its purchase of nine regional shopping centers from the Richard E. Jacobs Group.The transaction is valued at $756 million: $41 million in cash; $210 million in equity; and $505 million ...
April 26, 2002 NEW YORK – Standard & Poor's has raised its ratings on three classes of Asset Securitization Corp.'s 1995-D1 and lowered two classes.The raised ratings are class A-2 to triple-A from double-A-plus; class A-3 to double-A from single-A-plus; ...
The German bank has committed to provide the financing to Alexander's Inc., a REIT controlled by Vornado that is planning to build a mixed-use development in midtown Manhattan. Bloomberg has committed to anchor the development with a 25-year lease.
April 25, 2002 CANTON, Ga. – Inland Retail Real Estate Trust has purchased the 302,024-square-foot Riverstone Plaza shopping center for $32 million, or about $106/sf, from Bright-Sasser Canton LLC of Chattanooga, Tenn. The center, which has 49 tenants, includes a ...
April 25, 2002 METHEUN, Mass. – A pension fund advised by Lend Lease Real Estate Investments Inc. has bought The Loop, a grocery-anchored power retail center in this suburb 27 miles north of Boston.Terms were not disclosed.The 338,034-square-foot retail center ...
April 25, 2002 LONDON – Prudential Property Investment is looking to sell a mixed-use project site in London's prestigious Knightsbridge Green for 50 million pounds ($72.5 million).The firm has hired Jones Lang LaSalle and FPD Savills to market the site, ...
April 24, 2002UNION CITY, Calif. – KPDT Enterprises Ltd. has paid $11.5 million, or $169/sf, for the 67,788-square-foot Empire Point shopping center that was owned by Empire Hanover, a joint venture between Empire Development of San Francisco and Hanover Financial ...
April 23, 2002 ORANGE, Calif. – Newman Properties has sold the Mall of Orange for $24.2 million.A joint venture between Buchanan Urban Investors of Newport Beach and San Francisco retail developer Rawson, Blum & Leon bought the regional mall, which ...
April 22, 2002 CATHEDRAL CITY, Calif. – Donohue Schriber, a Southern California-based investment group, has bought the Cathedral City Marketplace for $19.3 million, or $107/sf.Alan Krueger, a senior investment associate in Marcus & Millichap's Ontario, Calif., office, arranged the sale ...
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