Valuation: Between $10 million and $25 million
E-Commerce Firm Signs $12 Mln Lease in El Segundo, Calif.
June 9, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorDigital Media Campus has found a home in a renovated industrial building near Los Angeles International Airport.The e-commerce incubator headed by famed sports agent Leonard Armato signed an eight-year, ...
Kennedy-Wilson Pays $29.3 Mln for Tulsa Offices
June 8, 2000 Kennedy-Wilson Inc. (Nasdaq:KWIC) has paid $29.3 million for the Tulsa Koger Center in Tulsa, Okla.The 581,000-square-foot complex was purchased from Koger Equity Inc. (NYSE:KE)Kennedy Wilson bought the 13-building complex in partnership with ING Realty Partners, which provided ...
Group Offers Georgia Warehouse Net Leased to Cargill
June 7, 2000 A Georgia investment group has put a net-leased industrial property in Newnan, Ga., up for sale.The 110,000-square-foot building sits on a 12.3-acre lot and is leased for the next 20 years to Cargill, which carries a double-A-minus ...
Long Beach, Calif., Shopping Center Sells for $12.8 Mln
June 7, 2000 LOS ANGELES – Barclays Realty & Management has paid $12.8 million for the Long Beach Promenade, a 79,100-square-foot neighborhood shopping center in East Long Beach, Calif.The property was purchased from Rubin Pachulski Properties of Los Angeles. Barclays ...
School District Signs Lease in Downtown LA
June 5, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorThe Los Angeles Unified School District has agreed to lease 60,000 square feet of office and 88,000 sf of warehouse space at a complex near the district's downtown Los ...
RealWebFunds Nears Closing Loan, 10th Since Launch
June 5, 2000 BySusanna Potter, Commercial Real Estate Direct Staff WriterRealWebFunds Inc. expects to close a $12 million acquisition loan for a California office building. The financing would be the tenth that the fund has completed since its founding in ...
MuniMae Arranges $18 Mln of Tax-Free Mortgages
June 1, 2000 BALTIMORE – Municipal Mortgage & Equity LLC (NYSE:MMA) has arranged $18 million of tax-exempt mortgage revenue bonds to finance the purchase of three Texas apartment communities.MuniMae's Midland Cos. unit structured $13 million in financing for two properties ...
CBL & Associates Sells Five Shopping Centers for $13.1 Mln
June 1, 2000 CHATTANOOGA, Tenn. – CBL & Associates Properties Inc. (NYSE:CBL) sold a Home Quarters Warehouse store and four shopping centers for a combined $13.1 million.CBL sold the 134,920-square-foot Home Quarters Warehouse in South Portland, Maine, to Home Depot. ...
Cousins Breaks Ground on LA-Area Building
June 1, 2000 ATLANTA – Cousins Properties Inc. (NYSE: CUZ) has broken ground for an office building in Cerritos, Calif., a suburb of Los Angeles.AT&T Wireless Services will occupy 75 percent of the proposed 103,606-square-foot office building upon its completion ...
Petroleum Realty Provides $19.2 Mln of Debt for Gas Stations
May 31, 2000 MIAMI – Petroleum Realty Investment Partners LP has provided $19.2 million of financing to USA Grocers, a Boca Raton, Fla., company that purchased six gas station/convenience stores in the Boca Raton area.The properties were purchased from NextStore ...
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