August 10, 2001 MISSION VIEJO, Calif. – Burnham Pacific Properties Inc. (NYSE:BPP) has sold the Olympiad Plaza to Retail Value Investment Program for about $11.8 million. Proceeds from the sale were used to reduce outstanding debt. The retail center consists ...
August 10, 2001 TAMPA, Fla. – Pennsylvania Real Estate Investment Trust (NYSE:PEI) recently took out a $15 million mortgage to refinance the Countrywood Apartments, an apartment complex in which it owns a half stake.The Federal Home Loan Bank provided the ...
August 9, 2001LYNDHURST, N.J. – A joint venture between Boykin Lodging Co. (NYSE:BOY) and an affiliate of Concord Hospitality Enterprises has purchased a 219-key hotel in Northern New Jersey for $17.5 million. The venture purchased the hotel – which is ...
August 9, 2001POULSBO, Wash. – Pope Resources (Nasdaq:POPEZ) has sold its 1,300-acre resort and real estate development assets in Port Ludlow, Wash., to HCV Pacific Partners LLC. The San Francisco developer paid about $16.7 million, of which about two-thirds was ...
August 9, 2001 By Susanna Potter, Commercial Real Estate Direct Staff WriterAmerimar Enterprises and Angelo, Gordon & Co. have sold One Gateway Plaza, a 113,000-square-foot office building in Colorado Spring, Colo., for $12.5 million, or about $110.60/sf.Triple Net Properties bought ...
August 8, 2001 Commercial Real Estate Direct Staff ReportATLANTA – Freddie Mac has provided $16.4 million in fixed-rate, permanent financing for the 248-unit Rutherford Glen Apartments.The 10-year mortgage has a 30-year amortization schedule and carries a 7.02 percent interest rate.The ...
August 8, 2001 CHESTER, S.C. – GMAC Commercial Mortgage Corp. has provided an $11 million floating-rate bridge loan to Lexington Chester Industrial LLC for a manufacturing plant.The three-year mortgage, which includes two one-year extension options, replaces a $15 million construction ...
August 6, 2001 RICHARDSON, Texas – GE Capital Business Asset Funding has provided $18 million in fixed-rate, permanent financing for a two-story, 174,825-square-foot office building.SBC Richardson LP received the funding, which has a 25-year amortization schedule, for the SBC Services ...
August 6, 2001 HARRISON, N.Y. – Vornado Realty Trust (NYSE:VNO) has completed the sale of 550/600 Mamaroneck Ave. in upstate New York for $22.5 million. The REIT agreed to in June to sell the 235,000-square-foot office building to an undisclosed ...
August 3, 2001 WASHINGTON – Prudential Mortgage Capital, through its PruExpress program, has provided $22 million of permanent financing for a Washington, D.C.,-area office building.Pru provided the mortgage to Pacific Realty Associates, a Portland, Ore., investment firm that owns the ...
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