December 17, 2003 New York Post (Third item)Principal US Property last month bought an apartment building at 420 W. 42nd St. for $108 million, according to property records. The seller, Brodsky Organization, has retained the retail space and was represented ...
December 16, 2003 Lankford & Associates Inc. is expected to begin construction immediately on Broadway 655, a 23-story building in San Diego at the southeast corner of Kettner and Broadway. The 410,000 square-foot mixed-use development will include 356,000 sf of ...
December 15, 2003 ProLogis (NYSE:PLD) has completed its public offering of 4.4 million shares of preferred stock.The shares will not be redeemable until Dec. 30, 2008. After that date, they will be redeemable, in whole or in part, for $25/share, ...
December 15, 2003 Vornado Realty Trust (NYSE:VNO) has acquired the Bergen Mall, a 1 million-square-foot shopping center in Paramus, N.J., for $145 million.The Paramus REIT acquired the property from Simon Property Group (NYSE:SPG), using proceeds from its recent sale of ...
December 11, 2003 Brookfield Properties Corp. (NYSE:BPO) will issue C$150 million (US$114.7 million) of cumulative redeemable preferred shares with a dividend rate of 5.2 percent through a syndicate of investment banks led by Scotia Capital Inc.Brookfield has extended to the ...
December 11, 2003 Commercial Real Estate Direct Staff ReportBrandywine Realty Trust (NYSE:BDN) has formed a joint venture with Macquarie Office Trust and seeded the venture with two Class-A office buildings in Wilmington, Del.The two properties are 1 and 3 Christina ...
December 9, 2003 Commercial Real Estate Direct Staff ReportThe New York State Teachers' Retirement System has provided $115 million of fixed-rate financing for 625 Madison Ave., a 550,0000-square-foot office building in midtown Manhattan.The 16-story office building, on Madison Avenue between ...
December 9, 2003 Jamestown Management has paid $131 million for 4111 Northside Parkway, an 864,700-square-foot office property in Atlanta's northwest submarket.Jamestown, which syndicates its investments to investors in Germany, acquired the two-building complex from Oakwood Commerce Partners, which is controlled ...
December 8, 2003Washington Real Estate Investment Trust (NYSE:WRE) has priced $100 million of senior unsecured notes through underwriters Credit Suisse First Boston and Banc One Capital Markets.The notes, which mature in 2014 and pay a coupon of 5.25 percent, were ...
December 4, 2003 W.P. Carey & Co. LLC (NYSE:WPC) has purchased 15 properties in the United States and Europe in sale-leaseback deals totaling about $137 million.The properties, purchased from six companies, total about 2.8 million square feet.W.P. Carey paid $33.6 ...
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