July 11, 2001 LAGUNA BEACH, Calif. – Privately held Classic Hotels & Resorts has paid about $19.25 million, or $275,000/room for the Inn at Laguna.UBS Warburg LLC sold the 70-unit boutique hotel, which comes unencumbered by management and branding, through ...
July 11, 2001 PHILADELPHIA – Inrevco Associates has secured an $18 million loan to refinance the Internal Revenue Service complex it owns in northeast Philadelphia.Credit Suisse First Boston placed the fixed-rate permanent loan, while GMAC Commercial Mortgage Corp. retained servicing.The ...
July 11, 2001 SILVERDALE, Wash. – Nationwide Life Insurance Co. provided $16.9 million in financing for the Silverdale Plaza.The shopping center consists of 173,611 square feet in seven buildings with Safeway, Rite Aid, JoAnn Etc. and Staples as major tenants.An ...
Kennedy-Wilson has been hired to market a majority interest in One Financial Plaza, a 340,000-sf office building in Springfield, Mass. The entire building is said to be valued at roughly $20 million.
July 10, 2001 BLOOMINGTON, Minn. – BentleyForbes has acquired the office/technical center building of GN ReSound Corp., a hearing instruments manufacturer, in a sale-lease back transaction valued at about $14 million. The property consists of a single-story, 122,177-square-foot office/technical building ...
July 10, 2001 OVIEDO, Fla. – Greystone provided nearly $16.4 million in fixed-rate permanent financing for the 240-unit Oviedo Grove Apartments.Oviedo Grove Apartments Limited Partnership will use the proceeds of the mortgage, which carries a 30-year amortization schedule, to pay ...
July 9, 2001WASHINGTON – Guardian Life has provided an $18.7 million loan to a private investment group for its recent purchase of 1211 Connecticut Ave. NW, an office property in the Golden Triangle district in downtown D.C.Galaxy Investments paid Intrepid ...
July 5, 2001 Mack-Cali Realty Corp. has sold a 327-unit apartment complex in Delran, N.J., for $20 million.Tenby Chase Investors, an affiliate of Pantzer Properties, made the purchase through the nearby Philadelphia office of Insignia/ESG.The complex is one of two ...
July 5, 2001 GMAC Commercial Mortgage Corp. has provided $16 million in permanent fixed rate financing for a medical office building in the Brentwood area of Los Angeles.The 11-story building, which contains 75,000 square feet of space, is on an ...
July 5, 2001DETROIT – Prudential Mortgage Capital Co. has provided $16.8 million of mortgage financing to DM Associates LLC for Village Plaza, an office building in Dearborn, Mich.The 10-year mortgage amortizes over 30 years and carries a rate of 7.54 ...
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