Sacramento, Calif., Office Property Sold for $44.5Mln
April 19, 2024
Phoenix Multifamily Vacancy Rate Improves, Rents Rise
April 19, 2024
Nashville-Area Retail Property Sells for $34.5Mln
April 19, 2024
Valuation: Between $10 million and $25 million
GE Unit Provides $12Mln Loan for Ohio Office Building
October 16, 2001 STRONGSVILLE, Ohio – GE Capital Business Asset Funding Corp. has provided a $12 million mortgage for the 122,700-square-foot Ceres Office Building.Royalton Investors LLC and Big T Investments LLC used the long-term, fixed-rate loan to buy the three-story ...
Aegon USA Provides $22Mln for Texas office complex
October 15, 2001 PLANO, Texas – Aegon USA has provided $22.3 million in floating-rate financing for Strategic Partner Fund for its Preston Park South office complex.Strategic purchased the two-building, Class-A complex, which comprises 359,000 square feet, in July from a ...
Class-B Fla. Multifamily Fetches $23Mln
October 15, 2001OAKLAND PARK, Fla. – A 376-unit Class-B apartment property here has traded hands for $23.1 million, or about $61,303/unit.A Chicago-based investment real estate company purchased the Sailboat Pointe Apartment complex at 2325 NW 33rd St. from a Canadian ...
Mission Sells Calif. R&D Facility for $15.4MLn
October 15, 2001 SAN JOSE, Calif. – Mission West Properties Inc. (AMEX:MSW) has sold a 77,700-square-foot research and development property to Cisco Systems Inc. for $15.4 million.The REIT gained about $8.5 million from the sale of 5713 Fontanoso Way. In ...
REIT Buys Illinois Industrial Building for $12.5Mln
October 15, 2001 GRANITE CITY, Ill. – Monmouth Real Estate Investment Corp. (Nasdaq:MNRTA) has purchased a newly constructed industrial building here that is net leased to Anheuser-Busch Inc. The Freehold, N.J., REIT bought the 184,800-square-foot industrial building for about $12.5 ...
Lincoln National Provides $14Mln Loan for Pa. Retail Center
October 12, 2001 ERIE, Pa. – Lincoln National Life Insurance Co. has provided $14.8 million in financing for a shopping center.The 10-year fixed rate loan replaces an existing loan that Lincoln had provided about 10 years ago.The Summit Towne Centre, ...
Berwind Sells Flex Campus in Fla. for $18Mln
October 11, 2001 JACKSONVILLE, Fla. – Berwind Property Group has sold the Interstate South Business Center for nearly $18 million, or about $69/sf.Summit REIT of Canada bought the 260,000-square-foot flex business park, which consists of six adjacent buildings about a ...
Arbor Provides $16Mln Bridge Loan for NYC Offices
October 11, 2001Commercial Real Estate Direct Staff ReportArbor Commercial Mortgage LLC has provided $16 million of bridge financing to Justin Realty Services for its acquisition of 130 W. 30th St. in Manhattan. Justin Realty used the financing to fund its ...
Midtown Manhattan Retail Space Fetches $19.1Mln
October 11, 2001 NEW YORK – Benenson Capital Co. has paid $19.1 million, or about $499/sf, for the 38,307-square-foot commercial component of a 34-story residential cooperative in midtown. ING Realty Partners LLC and Alchemy Properties Inc. sold the commercial cooperative ...
Washington-area Opportunistic Play on Block
Leggat McCall has decided to market for sale 801 Follin Lane, a Class-B office complex in Vienna, Va., that could be expanded and redeveloped. The property, now vacant, was occupied by the government.
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