Valuation: Between $10 million and $25 million
Wellsford Sells 89 Condos in Colo. Project for Proceeds of $18.5Mln
November 6, 2001 HIGHLANDS RANCH, Colo. – Wellsford Real Properties Inc. (AMEX:WRP) has sold 89 units at the Silver Mesa condo project for gross proceeds of about $18.5 million. Silver Mesa is the 264-unit third phase of the five-phase, 1,800-unit, ...
SL Green Sells Stake in Manhattan Offices to SITQ Immobilier
November 5, 2001 NEW YORK – SL Green Realty Corp. (NYSE:SLG) has sold a 45 percent stake in 1250 Broadway in midtown Manhattan to SITQ Immobilier, a subsidiary of Canadian fund manager Caisse de depot et placement du Quebec.SITQ paid ...
WRIT Pays $22Mln for Va. Flex Property
November 2, 2001 CHANTILLY, Va. – Washington REIT (NYSE:WRE) has paid $21.6 million, or about $87/sf, for Sullyfield Commerce Center, a two-building industrial/flex complex.The property has 248,000 rentable square feet and is fully leased to nine tenants, including Airborne Freight ...
Bank of Nova Scotia Writes $23Mln Loan for DC Hotel
November 2, 2001 DENVER – The Bank of Nova Scotia has provided $23 million of financing to Amstar Group Ltd. to fund the renovation of the Washington Park Terrace Hotel in Washington D.C.Amstar acquired the 219-unit hotel last May and ...
Arbor Provides $14Mln of Fannie Mae DUS Debt for Mich. Apartments
November 1, 2001 EAST LANSING, Mich. – Arbor Commercial Mortgage LLC has provided $14 million of financing under Fannie Mae's Delegated Underwriting and Servicing program for Dover's Crossing Apartments.The 530-unit property, near Michigan State University, houses a significant number of ...
Business Park in Irvine, Calif., Fetches $19Mln
October 31, 2001 IRVINE, Calif. – Kilroy Technology Center, a 10-building industrial complex in this Orange County city, has traded hands for $19 million.Newport Beach-based Olen Properties acquired the Irvine Spectrum business park from Kilroy Realty Corp. (NYSE:KRC) for about ...
SL Green Sells Retail Interest in Manhattan Building
October 31, 2001 NEW YORK – SL Green Realty Corp. recently sold the retail condominium interest at 110 E. 42nd St. in midtown Manhattan to the high-profile tenant that occupies the space. Italian catering company Cipriani paid $14.5 million, or ...
Stratus Secures $18.4Mln to Build Austin, Texas, Offices
October 31, 2001 Commercial Real Estate Staff ReportAUSTIN, Texas – Comerica Bank has provided Stratus Properties Inc. with an $18.4 million loan to build two 75,000-square-foot office buildings in its Rialto Drive project, within the company's 500-acre multi-use Lantana Corporate ...
GMAC Provides $22Mln Construction Loan for NC Apartments
October 31, 2001 DURHAM, N.C. – GMAC Commercial Mortgage has provided a $22 million construction loan to develop a 328-unit luxury apartment community. The 2.5-year floating-rate loan is pegged off of Libor.The $25 million South Terrace at Auburn project will ...
Water Pik Frees Up Credit Line With Mortgages
October 30, 2001 NEWPORT BEACH, Calif. – Water Pik Technologies Inc., the manufacturer of personal healthcare and water filtration products, has received $20.6 million of mortgage financing on four manufacturing plants from US Bancorp of Minneapolis.Water Pik had previously funded ...
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