Valuation: Between $10 million and $25 million

September 22, 1999 PALO ALTO, Calif. – Essex Property Trust Inc. (NYSE:ESS) has sold its former headquarters building at 777 California Avenue in Palo Alto for $18.4 million, or $404/sf, giving it a gain of $4.7 million.Essex moved its headquarters ...

September 22, 1999 By Morris Newman, VertiNews.com CorrespondentPHOENIX – Jacob Development of Ann Arbor, Mich., has paid $15 million for a portfolio of Phoenix-area hotels that contain a total of 529 rooms.The purchase is the first in the Phoenix area ...

September 21, 1999 ROCKVILLE, Md. – Washington Real Estate Investment Trust (NYSE:WRE) has purchased Avondale Apartments in Laurel, Md., for $12.7 million.The 11 story building contains 237 units and is 95% leased. Avondale, purchased at an average price of $53,000 ...

September 20, 1999 EL SEGUNDO, Calif. – Bear Stearns Funding has provided a $10.5 million fixed-rate loan to 4512 Emerald Forest LLC, a West Los Angeles firm that acquired a 320-unit apartment building in Durhman, N.C. The loan, which was ...

September 17, 1999 BOSTON – Westbrook Partners LLC has teamed up with Paradigm Properties LLC to buy a 181,000-square-foot office building at 18 Tremont Street in Boston's Financial District.Terms of the transaction were not disclosed.The building is currently 90 percent ...

September 15, 1999 By Lisa Finnegan, VertiNews.com CorrespondentBrooks Brothers is relocating its Long Island City, N.Y., manufacturing/alterations facility.The high-end apparel retailer signed a 15-year lease for 85,000 square feet at 39-25 Skillman Avenue. It previously occupied the Mojud building a ...

September 9, 1999 LOS ANGELES – The Bentley Forbes Group LLC bought Capital One Financial Corporation's Tollway Office Center I complex in the Dallas, Texas suburb of Plano for approximately $20 million.As part of the deal, Bentley Forbes simultaneously provided ...

September 9, 1999 By Thom Geier, The Hollywood Reporte TORONTO (AP)- Mired in red ink, Canadian film and television company Lions Gate Entertainment is seeking a buyer, sources said Wednesday,for its operations including film production, television, domestic distribution and a ...

September 8, 1999 CLEVELAND – Associated Estates Realty Corp. (NYSE: AEC) has sold the Desert Oasis Apartments for $17.1 million or nearly $53,500/unit.The sales price gives the buyer a capitalization rate of 7.6 percent based on this years budgeted net ...

VertiNews.comSMSpecial ReportA Morgan Stanley unit is offering a massive Southern California industrial property that once housed the manufacturing facilities for the Stinger missile.