Valuation: Between $10 million and $25 million

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 ...

March 14, 2002 ARLINGTON, Texas – The Bauer Partnership Inc. (OTC BB:BUER) has agreed to buy the Six Flags Mall for $23.5 million.The real estate investment company's subsidiary, Bauer Capital Management Ltd., is buying the 1.2 million-square-foot mall from Six ...

March 14, 2002 Red Mortgage Capital Inc. has provided $13.5 million of Fannie Mae financing for Summerlin Apartments, a 147-unit complex in suburban Portland, Ore.The financing, a forward commitment mortgage, was structured under Fannie's delegated underwriting and servicing program. It ...

March 13, 2002 NEW YORK – W.P. Carey & Co. (NYSE:WPC) has purchased and leased back four facilities from PW Eagle (NYSE:PWEI) for about $13.7 million. The four properties, which total 245,000 square feet, will be leased under 20-year bond-type ...

March 13, 2002Criimi Mae Inc. (NYSE:CMM) has sold the nine master and primary servicing contracts it put on the block last December.The Rockville, Md., company, which now focuses solely on the special servicing end of the commercial mortgage business, sold ...

March 13, 2002 SANTA ANA, Calif. – Kennedy-Wilson has purchased a 196-unit Class-B apartment complex from LJS Group for roughly $16.7 million, or $85,077/unit.The firm plans to reposition the Park Place Apartment community within the next 12 to 18 months.The ...

March 12, 2002 Morgan Stanley Dean Witter has leased nearly another 100,000 square feet at One Hudson Square in downtown Manhattan.The investment bank, which last November subleased 150,000 sf from one of the building's main tenants, will now occupy more ...

March 11, 2002 COLUMBUS, Ohio – Glimcher Realty Trust (NYSE:GRT) has completed the $19.6 million sale of Georgesville Square, a 241,000-square-foot shopping center in Columbus that is anchored by a Kroger and Lowe's.The buyer of the property, which has 46,400 ...

March 11, 2002 PLAINFIELD, Ind. – J.P. Morgan Mortgage Capital has provided $13.3 million in permanent financing for a 173,000-square-foot retail center two miles west of Indianapolis International Airport.The 20-year fixed-rate financing was arranged by David B. Keller, senior managing ...

March 11, 2002 Prudential Mortgage Capital has provided a $9.15 million loan secured by a 204-unit garden apartment complex in Columbia, S.C., and an $8.75 million loan for six self-storage properties throughout Georgia.The 10-year, $9.15 million loan, which has a ...