State: North Dakota - ND
CBL Pays $91.48Mln for North Dakota Mall
CBL & Associates has paid $91.48 million for the Dakota Square Mall, a 623,000-square-foot shopping center in Minot, N.D. The Chattanooga, Tenn., REIT bought the property from Lightstone Group, which had purchased it in 2005 from Blackstone Group for $56 ...
Dakota Square Mall
CBL has assumed $59 million of financing against the property, which is 94 percent leased. The financing is comprised of a $55.5 million senior mortgage with a coupon of 5.889 percent that was securitized through Wachovia Bank Commercial Mortgage Trust, ...
North Dakota Shopping Center Sold for $15Mln
Orange County Business Journal TNP Strategic Retail Trust Inc. has paid $15 million for the 114,292-square-foot Pinehurst Square East shopping center in Bismarck, N.D. The capitalization rate for the deal was about 8.6 percent. The property is about 92 percent ...
Pinehurst Square East
92 percent leased.
Davidson, N.C. Art District Slated for New Development
Charlotte ObserverEntrepreneurs Diane Carter, Kathleen Rose and Adrienne LaFar have proposed a $15 to $20 million renovation project for South Main Square, the arts district in Davidson, N.C. that would include shops, offices and restaurants. Seven buildings, totaling 40,000 square ...
Charlotte, N.C., Mixed-Use Project Could be Another Ballantyne
May 11, 2005 The Charlotte Observer The next big thing in mixed-use development might be just across the Mecklenburg line in Gaston County – within 20 minutes of uptown Charlotte, N.C. Montcross doesn't have the name recognition of Ballantyne, but ...
N.J. Firm Buying Malls in Secondary Markets
December 22, 2004The Wall Street JournalLightstone Group is under contract to purchase the Dakota Square Mall, a 610,000-square-foot property in Minot, N.D., from Blackstone Group for $55 million. And the Lakewood, N.J., real-estate investment firm last week acquired two shopping ...
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