March 7, 2002 SAN JOSE, Calif. – The Hidden Brook apartment complex, a Class-B complex at 463 Wooster Ave., has traded hands for its asking price of $20.65 million – that's $102,736/unit or $177/sf.Tustin, Calif.-based RHC Communities bought the 201-unit ...
March 6, 2002 AUSTIN, Texas – Nationwide Life Insurance Co. has provided $22 million in fixed-rate financing for two retail properties in the city's Golden Triangle section.The two 10-year loans comprise a $19 million mortgage on the 201,155-sf Gateway Market ...
March 5, 2002 DAVIE, Fla. – Salomon has provided a $13 million mortgage for the Shenandoah Square shopping center.Ramco/Shenandoah LLC, a joint venture headed by Ramco-Gershenson Properties Trust (NYSE:RPT), bought the 120,000-square-foot shopping center last fall for $16.3 million.The property ...
March 4, 2002 SANTA CLARA, Calif. – Fifty Associates and Demartini Trust have sold the Mariposa Shopping Center for $17.4 million, or about $137/sf.The venture between the Boston-based and Marin County, Calif., firms sold the 126,576-square-foot center to Crow Holdorp ...
March 4, 2002 FORT WORTH, Texas – Newman Financial Services Inc. has provided $21.1 million of financing for Paradise Hills, a 321-unit apartment complex. The financing is comprised of a $19.2 million bridge and a $1.9 million mezzanine loan. Newman, ...
March 1, 2002 BALTIMORE – Dome Corp., a subsidiary of the Johns Hopkins Institutions, has sold the leasehold interest of the Triad Technology Center, an office and biotech facility on the 130-acre Johns Hopkins Bayview Research Campus.Wolverine Holdings Corp. paid ...
February 27, 2002 CAPITAL HEIGHTS, Md. – CB Richard Ellis Investors LLC, on behalf of a separate account investor, has purchased 240,000 square feet of industrial warehouse space and land for $12.4 million.TA Associates Realty sold the property, along with ...
February 27, 2002 BIRMINGHAM, Ala. – Colonial Properties Trust (NYSE:CLP) is selling 560,380 common shares in two separate offerings for $33.37/share.Cohen & Steers Quality Income Realty Fund Inc. bought 299,670 shares, giving Colonial Properties $9.5 million in net proceeds. And ...
February 27, 2002 HOUSTON – Weingarten Realty Investors (NYSE:WRI) has sold 198,098 of its common shares to the Cohen & Steers Quality Income Realty Fund Inc. (NYSE:RQI) for $50.48/share.The Houston-based REIT plans to use the net proceeds from the sale, ...
February 26, 2002 Commercial Real Estate Direct Staff ReportA portfolio of three grocery-anchored retail centers near Harrisburg, Pa., has hit the market with an asking price of $23.5 million, or about $117/sf.The three properties, which total 201,700 square feet, are ...
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