Valuation: Between $10 million and $25 million
RREEF Buys San Diego-Area Office-Flex Property
June 21, 2000By Brad Berton, Commercial Real Estate Direct Contributing EditorRREEF Funds has purchased, on behalf of a client, the 320,025-square-foot Carlsbad Spectrum II in northern San Diego County.flex-tech property within the 560-acre Carlsbad Research Center in Carlsbad, Cal. in ...
Forest City Sells Tucson Retail Center for $24 Mln
June 15, 2000 CLEVELAND – Forest City Enterprises Inc. (NYSE:FCEA) has recovered $24 million from the sale of Tucson Place, a 276,000-square-foot retail center in Tucson, Ariz.Forest City had developed the property in 1989. Its anchors include Wal-Mart, Homelife, Office ...
Wells REIT Buys Phoenix-Area Office Building for $101/SF
June 14, 2000 ATLANTA – Wells Real Estate Investment Trust has bought a newly constructed, single-tenant office building in Tempe, Ariz., for $13.3 million, or about $101/sf, from Ryan Cos. US.The 130,000-square-foot, two-story building is fully leased to AVNET Inc. ...
MassMutual Puts Pricey Midtown Property on Block
The Midtown Manhattan home of upscale retailer Prada has been put up for sale. The asking price for 50 West 57th St. is $280/sf. Jones Lang LaSalle is marketing the building.
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 ...
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