February 19, 2004 The Journal NewsDiageo PLC, which had considered Westchester County for its new North American headquarters, has selected a 277,000-square-foot building in Norwalk, Conn., instead, and plans to transfer its Westchester employees there. Diageo, maker of brands such ...
February 17, 2004 Greenwich TimeAdvertising firm Omnicom Group Inc. last month bought the One East Weaver Street building in Greenwich, Conn., for $32 million, or $388/sf. Known as Osprey House, the 82,303-square-foot building contains Omnicom offices, the headquarters of candle ...
February 9, 2004 The RepublicanMassMutual Financial Group has agreed to buy a three-building office complex in Enfield, Mass., from the Phoenix Cos. for $27.5 million. The 66-acre complex, built between 1991 and 1998, has an assessed value of $26.6 million ...
January 27, 2004Moody's Investors Service has downgraded four classes of GMAC Commercial Mortgage Securities Inc., 2000-FL1, because of the sharp decline in one of the deal's collateral loans.The loan has a balance of $84.2 million and is secured by the ...
January 22, 2004 Merritt River Apartments, a 227-unit apartment complex in Norwalk, Conn., has been sold for $60 million.The property, within Norwalk's Merritt River Campus, was sold by Building and Land Technology to an investor group.Building and Land was represented ...
The complex, which is owned by Eaton Vance Management, is being financed with debt that is being provided via the CMBS market. The loan is part of the collateral pool of LB-UBS Commercial Mortgage Trust, 2004-C1, a $1.4 billion conduit.
January 12, 2004 A partnership headed by Mercury Partners LLC has paid $12.7 million for a 48,000-square-foot office building in Westport, Conn.Mercury Ventures LLC – the real estate private equity affiliate of the Greenwich, Conn., merchant bank – bought the ...
January 9, 2004 Commercial Real Estate Direct Staff ReportA group led by Lexham Private Investors has acquired another office property in tony Westport, Conn.The Stamford, Conn., company paid $12.7 million for 274 Riverside Ave., a fully leased building with 48,000 ...
Property leased to Omnicom offices, the headquarters of candle maker Blyth Industries Inc. and the JWM Partners hedge fund.
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