While it may be hard to top last year's deals, the industry is poised for plenty of action in 2005. Rising interest rates and sluggish fundamentals could hamper the sector's velocity.
January 24, 2005 EastGroup Properties (NYSE:EGP) has paid $40 million for Arion Business Park, a 524,000-square-foot industrial park in San Antonio, Texas.As part of its purchase, the Jackson, Miss., REIT assumed a $20.5 million mortgage on the property. The loan, ...
January 24, 2005 Philadelphia Business JournalThe former Philadelphia Navy Yard is attracting more office tenants. Liberty Property is building a 77,000-square-foot building on speculation at the site, which could hold up to 1.4 million sf. Meanwhile, Barthco International Inc., a ...
January 24, 2005 Washington Business JournalAARP has purchased four floors at 650 F St. in Washington, D.C. The building, owned by CarrAmerica Realty Corp., is one of three interconnected structures that comprise Terrell Place, a 476,000-sf office and retail complex. ...
January 24, 2005 Baltimore Business Journal Kimco Realty Corp. has purchased Putty Hill Plaza, a 90,000-square-foot shopping center, located in Baltimore County, from Belair Road Associates for $14.8 million. The site is anchored by a Giant grocery store and located ...
January 24, 2005 Business First of Columbus WD Partners, an architectural and engineering firm, plans to buy the two-building former Metatec Corp. office complex in Dublin, Ohio. The company would relocate to the 347,000-square-foot campus at 7001 Discovery Blvd. in ...
January 24, 2005 The Business Journal of Kansas City A buyer negotiating for part of the former Trinity Lutheran Hospital campus in Kansas City, Mo., plans a mixed-use residential high-rise for the site. The nearly eight-acre property northeast of 30th ...
January 24, 2005 The Business Journal of Kansas City The Federal Reserve Bank of Kansas City wants to sell its headquarters at 925 Grand Blvd. in downtown Kansas City, Mo., to residential developer Jason Townsend. The developer reportedly offered more ...
January 24, 2005 Cincinnati Business CourierThe Paul Hemmer Cos., based in Fort-Mitchell, Ky., has paid $5 million for the Mariemont Promenade shopping center in Cincinnati. The 50,000-square-foot center located on Wooster Pike, is about 90 percent leased with 18 tenants, ...
January 24, 2005 Sentinel Real Estate Corp. has sold the 272-unit Highlands Apartment Complex in Scottsdale, Ariz., to AEW Capital Management for $25.8 million, or $95,000/unit.The 14-year-old property could eventually be converted to condos. AEW plans to renovate it and ...
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