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April 12, 2000 WEST CONSHOHOCKEN, Pa. – Keystone Property Trust (Amex:KTR) sold a 214,600-square-foot industrial property in East Brunswick, N.J., for $9.3 million. Keystone had purchased the property for $7.7 million when its purchased Reckson Morris Industrial Trust last year. ...
The buyers consist of a joint venture of German investors.
Kushner Cos. has lined up permanent financing from Freddie Mac and Aegon for two New Jersey apartment complexes that it recently completed and leased.
Novartis Pharmaceuticals is offering a 1.8 million-square-foot research and office campus in Northern New Jersey. The property could sell for more than $300 million. It will likely find no shortage of interested parties.
February 23, 2000 HORSHAM, Pa. – GMAC Commercial Mortgage Corp. has provided $120 million of floating-rate interim financing for the acquisition of a Newark, N.J., office complex.GMAC's Intermediate Finance Group provided the financing to a venture involving Morgan Stanley Real ...
Prudential's pension-fund advisory unit and Roseland Property Co. have set a $70.25 million asking price on the Landings at Port Imperial, an upscale apartment complex in West New York, N.J.
February 16, 2000 Associated PressCHERRY HILL, N.J. – Epoch Properties of Orlando, Fla., has agreed to buy two prime real estate properties in Nevada and New Jersey from International Thoroughbred Breeders.Epoch, through a subsidiary – Turnberry at Las Vegas – ...
February 9, 2000 Associated PressNORTH BERGEN, N.J. – Hartz Mountain Industries Inc. has leased 348,000 square feet of warehouse space here to Webvan Inc., a San Francisco-based online grocer.Webvan signed a 10-year lease valued at more than $30 million, or ...
January 21, 2000 ALEXANDRIA, Va. – AvalonBay Communities Inc. (NYSE: AVB) has completed construction of two luxury apartment communities in Fort Lee, New Jersey, and in San Francisco.Avalon Crest in Fort Lee, N.J., contains 351 apartment homes in seven mid-rise ...
January 3, 2000 CRANFORD, N.J. – Mack-Cali Realty Corp. (NYSE:CLI) has sold a 55 percent interest in five buildings at two of its complexes in Parsippany, N.J., for $83.6 million.The buildings are located at 2 Hilton Court, 2 Dryden Way, ...
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