A Prudential Real Estate partnership is looking to sell a portfolio of office buildings. The properties, with 485,000 sf of space, should sell for $55 million.
December 3, 1999 HORSHAM, Pa. – GMAC Commercial Mortgage Corp. has arranged $28.5 million of financing for three Tennessee apartment properties.The financing is backed by the British Woods Apartments and Highland Ridge complexes, which are in Nashville, and the Andover ...
November 11, 1999 MEMPHIS, Tenn. – Mid-America Apartment Communities (NYSE:MAA) has sold the 798-unit Sailwinds at Lake Magdalene community in Tampa, Fla., for $31.1 million. The $38,972/unit price represents a 7.9 percent capitalization rate, based on trailing net operating income.Mid-America ...
November 10, 1999 DALLAS – A pension fund advised by Sentinel Acquisitions Corp. of New York has paid $17.4 million for the Eastpointe Business Center at 4005 Mendenhall Road in Memphis, Tenn.The 287,000-square-foot property was purchased from Eastpointe Realty LP, ...
November 10, 1999 Ablah Enterprises, the investment vehicle of real estate developer and art collector George Ablah, paid $12.5 million for 5000 Raines Road, a 1.1 million-square-foot industrial facility in Memphis, Tenn.Ablah acquired the property from Caterpillar Inc. of Peoria, ...
September 29, 1999 Real estate investment trust National Health Realty (AMEX: NHR) has filed a Form S3/A with the SEC.
September 29, 1999 By The Associated PressCHATTANOOGA, Tenn. (AP) – Encouraged by the revitalizing success of its $45 million aquarium project seven years ago, the city of Chattanooga has proposed $200 million more in redevelopment investments for its downtown.The capital, ...
August 27, 1999 By Associated PressMOBILE, Ala. (AP) - International Paper Company is cutting 140 jobs at its Mobile bag plant, and shifting production of bags for fast-food restaurants to Jackson, Tennessee. Company officials announced the layoffs yesterday. After the ...
August 18, 1999Incentive proposals to Tropicana echo one anotherSarasota Herald Tribune August 18BRADENTON, Fla.– The city of Bradenton and Manatee County are scrambling to entice Tropicana Products to open its new headquarters in their respective sites. Tropicana will eventually need ...
August 16, 1999CHICAGO – A venture led by AMLI Residential Properties Trust (NYSE: AML) paid $17.2 million for Prestonwood Hills, a 272-unit apartment complex in Plano, Texas.The venture, which AMLI formed with BPMT Stichting Bedrijfspensioenfonds voor de Metaal en Technische ...
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