Valuation: Between $10 million and $25 million
BofA Provides $17.8Mln Loan for Fla. Apartment Community
December 5, 2001 GAINESVILLE, Fla. – Bank of America has provided $17.8 million in permanent, fixed-rate financing for the 168-unit Gainesville Place student apartment community.The 10-year loan, which carries a 30-year amortization schedule, replaces construction financing. Gainesville Place LLC owns ...
Nationwide Life Provides $24.6Mln Floater for Ariz. Apartments
December 5, 2001 SCOTTSDALE, Ariz. – Nationwide Life Insurance Co. has provided $24.6 million in floating-rate financing for the purchase of a 33-unit garden apartment complex.Terms could not be learned.Glen Eagles Apartments consists of 33 two- and three-story buildings on ...
Citibank Looking to Sell Small LA-Area Office
December 5, 2001 By Susanna Potter, Commercial Real Estate Direct Staff WriterCitibank is looking to sell a small office building that it is vacating next month in suburban Los Angeles.The bank has hired Trammell Crow Co. to market the building ...
Boutique Office in Boston Fetches $147/sf
December 5, 2001BOSTON – A joint venture of the Cresset Group and Great Point Investors has paid $12.1 million, or about $147/sf, for a boutique office building in the central business district.The venture bought 30 Winter St. from DLJ Real ...
Pension Fund Sells Dallas Apartments
December 4, 2001 By Susanna Potter, Commercial Real Estate Direct Staff WriterThe California State Teachers Retirement System, under the advisement of SSR Realty Advisors, has sold a 296-unit apartment complex in Dallas for $23.7 million, or $79,900/unit.The property, Vista Del ...
Calif. Apartment Complex Fetches $17Mln
December 3, 2001 BUENA PARK, Calif. – Pacific Property Co. has sold Brookstone, a 184-unit apartment complex, for $17 million, or $92,391/unit.Western National bought the property, formerly known as Brook Park West, in a deal that closed Oct. 27.Pacific bought ...
Pacific Property Sells Calif. Apartments for $17Mln
November 30, 2001 BUENA PARK, Calif. – Pacific Property Co. has sold a 184-unit apartment complex for $17 million, or $92,391/unit, to Western National. The Brookstone, formerly known as Brook Park West, was purchased in January 2000 for $12.5 million, ...
KeyBank Provides $10.2Mln for Denver Office Building
November 29, 2001 DENVER – KeyBank Commercial Mortgage provided $10.2 million for a Class-A office building in the city's Denver Tech Center. The 10-year fixed-rate financing carries a 30-year amortization schedule. Robertson Properties Group purchased the 89,895-square-foot Crescent V building ...
Keystone Buys Ind. Distribution Center
November 28, 2001 PLAINFIELD, Ind. – Keystone Property Trust (NYSE:KTR) has acquired the remaining half interest in a 798,096-square-foot distribution center using proceeds from a recent 1031 tax exempt exchange disposition.Keystone paid its Indianapolis-based joint-venture partner, Browning Investments Inc., $10.9 ...
Bascom Group Pays $13.25Mln for Southern Calif. Apartments
November 28, 2001 Special to Commercial Real Estate DirectThe Bascom Group has acquired the 163-unit Shadow Springs Apartments in Walnut, Calif., for $13.25 million, or $81,288/unit.Bascom, an opportunistic investor based in Irvine, plans to renovate the 38-year-old property, which is ...
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