February 14, 2005 Interstate Hotels & Resorts (NYSE:IHR) has paid $29.15 million for the Hilton Concord, a 329-room hotel in San Francisco's East Bay area. The property was purchased from Hanford Hotels Inc., a Newport Beach, Calif., hotel company. The ...
February 14, 2005 New York Daily NewsThe Verizon building at 7 MetroTech Center in Brooklyn, N.Y., is selling for $74 million. Developer David Bistricer has agreed to buy the 27-story property with plans to convert it to apartments with offices, ...
February 14, 2005 New Mexico Business WeeklyTwo projects offer the prospect of new retail just north of downtown Albuquerque, N.M. Terrie Hertweck, with Grubb & Ellis - New Mexico, has purchased two buildings on the northeast corner of 3rd Street ...
February 14, 2005 First Union Real Estate Equity and Mortgage Investments (NYSE:FUR) has agreed to acquire a 49 percent interest in a portfolio of 23 office buildings.The Boston company did not identify the seller nor the size, in square feet, ...
February 14, 2005 SCI Real Estate Investments has purchased the Bellagio at Bent Tree, a 500-unit luxury apartment community in North Dallas from Amli Residential for $41 million. SCI represented 23 tenant-in-common investors. The purchase price results in a capitalization ...
February 11, 2005 Realty Income Corp. (NYSE:O) has paid $67.3 million for a portfolio of 24 stores leased to Rite Aid Corp.The stores, located in eight states, average 12,800 square feet and sit on lots that average nearly an acre ...
February 11, 2005 Christa Development Corp., a Rochester, N.Y.,-area real estate company, has sold nine office buildings with 483,711 square feet to HRPT Properties Trust and Staubach Capital Partners. The company recovered a total of $62.9 million for the properties.The ...
February 11, 2005 Pyramid Hotel Opportunity Ventures LLC has bought the Hyatt Regency in Oak Brook, Ill, and reflagged it into a Doubletree hotel brand. The 423-room hotel will now operate as the Doubletree Hotel, Chicago-Oak Brook.Financial terms and the ...
February 11, 2005 GMH Communities Trust (NYSE:GCT) is finalizing due diligence on a portfolio of three student housing properties near the University of Nebraska, West Virginia University and Bowling Green State University.GMH, a Newtown Square, Pa., REIT, said it will ...
February 10, 2005 Commercial Real Estate Direct Staff ReportA venture led by the Dolgin family has paid $61 million for a 50 percent interest in 31-00 47th Ave., a 640,000-square-foot office and industrial building commonly referred to as the Falchi ...
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