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November 21, 2001 By Susanna Potter, Commercial Real Estate Direct Staff WriterMassachusetts Mutual Life Insurance Co. is looking to sell 300 Harmon Meadow Blvd., a 125,000-square-foot office building in Secaucus, N.J.The pension fund, advised by Cornerstone Real Estate Advisors, this ...
November 12, 2001 MONY Life Insurance Co. has provided $10 million of mezzanine financing for a pair of office buildings in Plainsboro, N.J., near Princeton.The two adjoining buildings, 600 and 650 College Road, contain a combined 413,000 square feet and ...
November 9, 2001EATONTOWN, N.J. – Equity Properties & Development Co. has retained Rockwood Realty Associates LLC to find a buyer for the Monmouth Mall.The portion of the 80-acre property owned by Equity has an assessed value of $130 million, according ...
November 5, 2001 WEST CONSHOHOCKEN, Pa. – Keystone Property Trust (NYSE:KTR) has sold a portfolio of New Jersey office and industrial sites, including all of its remaining New Jersey office assets, to the Kushner Co.The sale was completed at a ...
November 5, 2001 By Susanna Potter, Commercial Real Estate Direct Staff WriterAlexander's Inc. (NYSE:ALX) – a department store-turned-REIT controlled by Vornado Realty Trust (NYSE:VNO) – has leased and refinanced a prime retail property it owns in Paramus, N.J.Swedish home furnishings ...
November 1, 2001 NEW YORK – Moody's Investors Service has downgraded Steiner Properties LLC as a result of the downgrade of AT&T Corp.'s senior unsecured rating. Steiner Properties LLC is backed by a lease to AT&T on a New Jersey ...
Wachovia beat out GE Capital and Deutsche Bank to provide short-term financing for Two Gateway Center, a Class-A office building in Newark, N.J. The office building was originally slated for a sale, but the soft market prompted its owner to ...
October 29, 2001 BERNARDS TOWNSHIP, N.J. – AT&T Corp. is putting its 2.7 million-square-foot operations headquarters complex in northern New Jersey up for sale.The telecommunications giant is expected to hire a sales broker for the assignment shortly.AT&T is making the ...
October 1, 2001TETERBORO, N.J. – Keystone Property Trust (NYSE:KTR) has sold a 332,352-square-foot distribution center here for $38.7 million to an undisclosed buyer.The center is at 200 Industrial Drive.The REIT also sold a 39,785-sf facility in Fairfield, NJ, for $2.9 ...
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