The Witkoff Group, which is recycling its inventory by selling mature buildings for more opportunistic ones, has sold the downtown building to a German mutual fund. Witkoff owned the building in partnership with First Boston.
HUD, among the most active sellers of mortgages in mid-1990s, is making a comeback on the sales front. It has identified some 12,000 loans that it plans to sell next year. But it must first rebuild its marketing operation.
The developer of Valencia, Calif., has hired Grubb & Ellis to market 82 acres in the master-planned community, so it could focus its attention on developing Newhall Ranch, another master-planned community.
November 2, 1999 Cornerstone Properties Inc. (NYSE:CPP) said it plans to sell another $300 million of properties that are in "non-core" markets before the end of the year, funnelling proceeds to reduce its debt, fund its development pipeline and for ...
November 1, 1999BOSTON – MGI Properties (NYSE:MGI) sold three properties for $19.8 million, including $11.4 million of debt that was assumed by one of the buyers.The properties sold included MGI's remaining apartment complex in Harrison Township, Mich., and two office ...
October 29, 1999 Sumitomo Life Realty has put One Atlanta Plaza, a 618,000-square-foot office building up for sale, while Simon Property Group (NYSE:SPG) is planning to sell the Lenox Building, which has 351,000-square feet.The offerings were first reported in the ...
October 28, 1999 Stone & Webster Inc., a troubled engineering firm, plans to sell its headquarters building in downtown Boston, according to the Boston Globe. About 1,250 people work at the 14-story building, which is near South Station. The building ...
October 27, 1999 SAN DIEGO – Grubb & Ellis Co. (NYSE:GBE) has been chosen by the Independent Order of Foresters to dispose of its entire U.S. real estate portfolio, consisting of 30 commercial and multi-family properties in eight states.The 2.3 ...
A recently constructed office building in suburban Mexico City is being sold at auction to attract the attention of U.S. investors.
October 26, 1999 NEW YORK – Kennedy-Wilson Inc. (NASDAQ:KWIC) has started marketing the Pine Forest Country Club and the Crowfield Golf and Country Club, a pair of 18-hole championship golf courses near Charleston, S.C.The Beverly Hills, Calif., real estate firm ...
© 2023 Commercial Real Estate Direct All rights reserved.
© 2023 Commercial Real Estate Direct All rights reserved..