January 20, 2004 CDP Capital - Mortgages recently provided $120 million of financing for the office building at 75 Broad St. in lower Manhattan.The new debt, provided in November, allowed property owner JEMB Realty to retire a mezzanine loan from ...
The Goldman Sachs affiliate has provided about $130 million of debt to Oasis West Realty for the acquisition and renovation of the posh 581-room hotel. Oasis' real estate operation, run by Marvin Davis' former real estate exec, plans a complete ...
January 14, 2004Denver Business JournalA seven-property portfolio primarily made up of medical office buildings developed and managed by the Neenan Company of Denver and Fort Collins was sold to PPG MOB Fund I LLC for $110 million. The seller was ...
January 13, 2004 The New York TimesThe Related Cos. has agreed to pay nearly $150 million for Manhattan Plaza, the twin-towered complex near the Broadway theater district in midtown Manhattan that has 1,689 apartments, a 1,000-car garage, tennis courts, swimming ...
January 13, 2004 Duke Realty Corp. (NYSE:DRE) has priced $125 million of senior unsecured notes through underwriters Banc of America Securities and Merrill Lynch.The notes, which mature in 2008 and carry a coupon of 3.35 percent, were priced at 99.97 ...
January 12, 2004 Taurus Investment Holdings and Greenstreet/Niosi Capital Partners have formed a partnership to buy single-tenant properties in the United States.The venture aims to buy $100 million of single-tenant properties this year. Its investments will range from $5 million ...
January 12, 2004 Washington PostSummit Properties Inc. has paid $100 million for a 700-apartment complex in Lansdowne, Va. The Charlotte, N.C., REIT's deal, which was finalized Dec. 31, came as the apartment vacancy rate in eastern Loudoun hit 9.5 percent ...
January 7, 2004 Commercial Real Estate Direct Staff ReportKoger Equity Inc. (NYSE:KE) has agreed to buy Atlantic Center Plaza, a 23-story office tower in Atlanta, for $116.5 million, or about $232/sf. Pope & Land Enterprises Inc., which completed development of ...
January 7, 2004 Wachovia Securities has provided a $115 million construction loan to The Plaza Group Inc. and Avatar Properties Inc. for their joint project called Ocean Palms, a luxury condominium complex in Hollywood, Fla.The 38-story, 240-unit oceanfront project is ...
January 6, 2004 Honolulu Star-BulletinLocal developer Bill Mills has bought out the other investors of the Waikiki Galleria Tower, the office-retail building that is home to the DFS Galleria, in a deal worth $125 million. The purchase closed late last ...
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