Sacramento, Calif., Office Property Sold for $44.5Mln
April 19, 2024
Phoenix Multifamily Vacancy Rate Improves, Rents Rise
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Nashville-Area Retail Property Sells for $34.5Mln
April 19, 2024
PREIT acquired joint venture partner's 50 percent interest, valuing property at $28.4 million
deal is for minority interest; 1,334 apartments, 110,000 sf retail, 40,000 sf office and 20,000 sf of storage
No sales price, but expected to sell for about $150/sf to $180/sf, or about $180 million to $216 million
Deal, for a 50% stake, values the mall at $317Mln, gives Macerich full ownership; 781,000 sf non-anchor
no price disclosed, but valued at $13.2Mln
bankruptcy court; 28-story Kaiser Center contains 730,000 sf office, 3-level mall (129,000 sf), 5-story parking
94% occupied by such firms as King World Productions, Alliance Bank and computer school New Horizons.
deal is for a 50% stake; values the property at $47.4Mln
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