February 9, 2005 Crescent Real Estate Equities Co. (NYSE:CEI) has sold Albuquerque Plaza, a 366,236 square-foot office property in downtown Albuquerque, N.M. The sale generated proceeds of $34.7 million, which were used to pay down secured debt. The deal is ...
February 9, 2005 Hersha Hospitality Trust has acquired a 109-room Fairfield Inn in Laurel, Md. from Bernstein Cos. Financial terms were not disclosed.Located at 13700 Baltimore Ave., the property features a conference room, and outdoor pool. The hotel is near ...
February 9, 2005 Windrose Medical Properties Trust (NYSE:WRS) has sold Morningside Plaza, a 144,515-square foot office property in Port St. Lucie, Fla., to an anonymous buyer.The property, which sold for $6.65 million, was no longer consistent with Windrose's medical property ...
February 8, 2005 A joint venture between Rockwood Capital Corp. and Onyx Equities has purchased a 164,000-square-foot, class-A office property in Jersey City, N.J., for $53.5 million.The property, located at 2 Montgomery St., was sold by Hines Corporate Properties, a ...
February 8, 2005 W.P. Carey & Co. acquired a Buffalo Grove, Ill., warehouse and manufacturing facility from Precise Technology for $16.4 million. The facility, totaling 264,000 square feet, will be leased-back to Precise Technology, which has the option of maintaining ...
February 8, 2005 Brandeis Lofts LLC acquired the Brandeis Building, a 318,224-square-foot office building in Omaha, Neb., for $8.7 million from Mack-Cali Realty Corp. The building is currently 13 percent leased. Brandeis, an entity created by Hampton Development Services, plans ...
February 8, 2005 Crescent Real Estate Equities Co. has bought The Exchange Building, a 23-story, 295,525-square-foot office property in downtown Seattle. The Fort Worth, Texas, REIT acquired the property from an undisclosed seller for $52.5 million or $177/sf. The Exchange ...
February 8, 2005 Flagler Development Co. has bought Doral Concourse, a six-story, 240,144-square-foot office tower in Miami, from VEF Advisors for $41 million. Flager, a Jacksonville, Fla., unit of Florida East Coast Industries Inc., financed the transaction by using a ...
February 8, 2005 American Campus Communities Inc. (NYSE:ACC) has purchased four student housing communities in Florida from ventures managed by Thomas C. Proctor. The Austin, Texas, REIT, which invests solely in student housing properties, paid about $47.5 million. American Campus ...
February 7, 2005 Boston Business Journal Invesco Real Estate has paid $15.5 million for a warehouse facility in Franklin, Mass. The 227,000-square-foot distribution center at 135 Constitution Blvd. is fully leased to a Richmond, Va.-based medical and surgical supply distributor ...
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