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 ...
September 8, 2003 Atlanta Business ChronicleBellSouth Corp. has set the record for office sales so far this year, with the liquidation of its holdings in the 556,700-square-foot Eleven Hundred Peachtree Street tower in midtown for $106.1 million, or about $191/sf. ...
September 5, 2003 Hospitality Properties Trust (NYSE:HPT) has sold $125 million of senior notes through underwriter UBS Securities.The notes, which carry a coupon of 6.75 percent and mature in 10 years, are an add-on to an earlier issue of notes. ...
September 4, 2003 Lightstone Group LLC has increased its offer to buy Prime Retail Inc. to $115.5 million from $115 million, allowing it to increase the amount it would pay to holders of Prime's preferred stock.Merrill Lynch and Fortress Investment ...
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