March 18, 2004 Beacon Capital Partners has bought the Class-A office building at 1615 L St. in downtown Washington, D.C., for $123.75 million, or about $300/sf.Beacon Capital Strategic Partners II Acquisition LLC bought the 412,050-square-foot office building from a partnership ...
March 17, 2004 Host Marriott Corp. (NYSE:HMT) has completed the sale of the final two properties it had agreed to sell to a venture led by HEI Hospitality.The Bethesda, Md., company in January struck a deal to sell five hotels, ...
March 17, 2004 AmeriVest Properties Inc. (Amex:AMV) has paid $32 million for Camelback Lakes Corporate Center, a 203,000-square-foot office building in Phoenix.The property, which was built in 1982, is 90 percent leased and is expected to generate an initial yield, ...
March 17, 2004 Cigna Investments Inc. has sold the Tulsa Promenade, a 921,000-square-foot shopping mall for $30.5 million.The property was sold to Coyote Interests Inc., a Dallas-area investor. Cigna was represented by Rockwood Realty of New York. General Growth Properties ...
March 17, 2004 BentleyForbes has paid $42 million for the headquarters complex of PHH Arval in Sparks, Md.The 216,000-square-foot office complex at 940 Ridebrook Road was completed earlier this month. BentleyForbes, a Los Angeles investment company that focuses on net-leased ...
March 17, 2004 Arden Realty Inc. (NYSE:ARI) has sold a 161,650-square-foot office building in its Howard Hughes Center project to the property's single tenant for $52.5 million, or about $325/sf.Arden developed the building at 5999 Center Drive in West Los ...
March 17, 2004 Sunvest Resort Communities has bought Bay Reach, a 220-unit apartment complex in Lake Park, Fla., for $19.55 million, or $88,864/unitThe Florida condominium converter bought the luxury property at 1001 Lake Shore Drive from Archon Group LP, with ...
March 16, 2004 Host Marriott Corp. (NYSE:HMT) and Marriott International have sold the 600-room Mexico City Airport Marriott for $30 million.The buyer is Turistica Cadiz SA De CV.The nine-story property – connected to the Benito Juarez International Airport – will ...
March 16, 2004 Chicago TribuneSterling Bay Cos. and Marc Realty LLC, Chicago-based real estate investment firms, have agreed to buy the former Helene Curtis headquarters for $16.5. The partners plan what could be the first office condominium conversion in downtown ...
March 15, 2004 Philadelphia Business Journal (Third item)Archon Group has found a buyer for the Gateway Business Center, an eight-building office complex in Mount Laurel, N.J. The 514,000-square-foot property, which is being marketed by Cushman & Wakefield, is said to ...
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