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The Chicago REIT is paying $869 million, including the assumption of $243 million of debt, to buy two premier shopping malls and the interests it didn't already own in seven other properties. It is raising fresh debt for at least ...
May 13, 2003Albuquerque Business JournalWhen two federal agencies relocate to the Northeast Heights from downtown Albuquerque, N.M., they'll leave behind a huge hole, according to downtown commercial brokers. Office vacancy rates in the city's heart could rise to more than ...
May 8, 2003 Albuquerque Business JournalA California investment group has purchased two Albuquerque, N.M., apartment complexes located across the street from each other for a total of $19.7 million. The new owners, a family trust, bought the two-story, 184-unit Candlewick ...
May 6, 2003 Albuquerque Business JournalA scarcity of general liability insurance coverage and skyrocketing premiums will soon cause a slowdown or an outright halt in the public/private Lofts at Albuquerque High and related multifamily construction projects at Broadway and Central ...
400,000 of inline space 94% leased with sales of $354/sf; Foley's, Sears, J.C. Penney, Macy's, and Mervyn's
February 19, 2003 Albuquerque Business JournalHalf of the unbuilt Gold Avenue Lofts have been pre-sold, and Wells Fargo Bank New Mexico has committed to financing the construction of the mixed-use, six-story complex. The Historic District Improvement Company (HDIC) now aims ...
February 12, 2003 Albuquerque TribuneSterling American Property Inc., a New York investment group, has purchased the 280-unit Villa Ladera apartment complex on Albuquerque, N.M.'s West Side from Apartment Investment & Management, a Denver REIT that owned it for seven years. ...
February 10, 2003 Albuquerque Business JournalALBUQUERQUE, N.M. – A group of local and out-of-state investors has acquired the 103,689-square-foot HomeBase building at 3400 Calle Cuervo N.W., the last of the three former Albuquerque retail properties that were operated by the ...
February 5, 2003 Sterling American Property Inc. has paid $11.2 million for Villa Ladera, a 280-unit apartment complex in Albuquerque, N.M.The opportunistic investor, which acquired the property through its latest fund, teamed up on the purchase with Alliance Residential Co. ...
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