March 22, 2002 DALLAS – Amresco Capital Trust has sold off its last asset – a second lien on a Richardson, Texas, office building, for $10.3 million.The sale brings to a conclusion the REIT's nearly four-year life. After Amresco pays ...
March 21, 2002 SAN DIEGO – Burnham Pacific Properties (NYSE:BPP) has sold its interests in three properties for about $22.3 million.The company sold Santa Fe Springs Plaza, a 165,000-square-foot community shopping center in Santa Fe Springs, Calif., to a joint ...
March 21, 2002 AVENTURA, Fla. – Grouppe Pacific has purchased the Aventura Corporate Center – a 160,000-square-foot office complex in this South Florida city – for $23.5 million, or $147/sf.LaSalle Investment Management sold the property, which consists of two Class-A ...
March 20, 2002 RALEIGH, N.C. – Winston Hotels (NYSE:WXH) plans to raise roughly $24.8 million from the sale of 2.75 million common shares priced at $9/share.The company will use proceeds from the offering to repay debt.The lead underwriter for the ...
March 20, 2002 Commercial Real Estate Staff ReportFORT LAUDERDALE, Fla. – Tanger Factory Outlets has retained Marcus & Millichap to market a 165,000-square-foot retail property, minutes from the Fort Lauderdale Airport.The property, at 200 Gulf Stream Way in the city's ...
March 20, 2002 Commercial Real Estate Direct Staff ReportNomura has provided $15.4 million in fixed-rate permanent financing for the Cox Creek Center in Florence, Ala.The 10-year mortgage, which amortizes over 30 years, was used to refinance existing construction debt on ...
March 19, 2002 Terranomics Developments has sold a Falls Church, Va., community shopping center for $11.875 million.The property, Corner at Seven Corners, contains 70,890 square feet and is fully leased to tenants such as The Gap, Guitar Center, K-B Toys ...
March 18, 2002 PARAMUS, N.J. – John Hancock Life Insurance Co. has provided a $14.7 million loan for a retail property occupied by BJ's Wholesale Club.The 12.5-year, fixed-rate financing was arranged by Tom Didio, senior managing director of Holliday Fenoglio ...
March 15, 2002 CLEARWATER, Fla. – Post Properties Inc. (NYSE:PPS) has sold Post Court, a 228-unit apartment complex, for $16 million.An affiliate of San Antonio, Texas, investment firm Internacional Realty Inc. bought Post Court, which was built by Post and ...
March 15, 2002 LAS VEGAS – Elsinore Corp. (OTC BB:ELSO) has agreed to sell its Four Queens Hotel & Casino for $22 million to SummerGate Inc.Since the 690-key hotel-casino is Elsinore's only operating asset, the company plans to dissolve after ...
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