September 29, 2003 Trizec Properties Inc. (NYSE:TRZ) has sold the Esperante Office Building in West Palm Beach, Fla., and the Clark Tower in Memphis, Tenn., for more than $100 million as part of its ongoing portfolio repositioning.The 248,000-square-foot Esperante Office ...
September 26, 2003 Column Financial has provided MeriStar Hospitality Corp. (NYSE:MHX) with $101 million of mortgage debt for four hotels.The debt, a 10-year mortgage, carries a fixed rate of 6.88 percent.Early this summer, the Arlington, Va., REIT said it wanted ...
September 22, 2003 Gilead Sciences Inc. has completed the purchase of its Foster City, Calif., headquarters campus for about $123 million.The seller was a subsidiary of Equity Office Properties Trust (NYSE:EOP).Gilead, a biopharmaceutical company, acquired 16 buildings, totaling 496,000 square ...
September 22, 2003 Heritage Property Investment Trust Inc. (NYSE:HTG) has agreed to pay $160 million for a portfolio of eight retail properties from Trademark Property Co.Heritage, which went public last year, was formerly controlled by the New England Teamsters Trucking ...
September 19, 2003 The Washington Times (Fourth item)The 10-story office building at 800 N. Capitol St. N.W. in downtown Washington, D.C., traded hands for $103 million. As reported earlier this month, National Government Properties – a Washington-based firm owned by ...
September 19, 2003 Regency Centers Corp. (NYSE:REG) has sold three shopping centers to its joint venture with Macquarie CountryWide Trust of Australia.Regency, a Jacksonville, Fla., REIT, developed or redeveloped all three properties. The REIT will continue to manage them and ...
The investment firm sold its 86 percent interest in the building to its partner in a deal valuing the 11-story building at $535/sf. The building is fully leased, primarily to EMI Music.
September 16, 2003 Macerich Co. (NYSE:MAC) has paid $128.5 million in cash for the Northridge Mall, a 973,000-square-foot mall in Salinas, Calif.The property, which is 95 percent leased, was purchased from Northwestern Mutual. The insurer was advised on the sale ...
September 15, 2003 Triangle Business JournalHighwoods Properties, a Raleigh, N.C.-based REIT, in July paid Miller Global Properties of Denver $110 million in cash and debt assumption for its 80 percent stake in 15 properties in Research Triangle Park, N.C., Tampa, ...
September 15, 2003 Crain's ChicagoNorth Riverside Park Mall, a 1.1 million-square-foot shopping center in North Riverside, Ill., is up for sale. The property is expected to fetch about $120 million. Rreef Funds, the owner of the property, has hired CB ...
© 2023 Commercial Real Estate Direct All rights reserved.
© 2023 Commercial Real Estate Direct All rights reserved..