A partnership is in the late stages of marketing a 13-property portfolio of apartment complexes through CB Richard Ellis. The portfolio, which includes properties from Mesa, Ariz., to Raleigh, N.C., has an asking price of $116 million. Initial bids are ...
Lehman Brother has provided Pennsylvania REIT with $134.2 million of mortgages for two properties the REIT bought from Rouse Co. Rouse, meanwhile, has prepaid loans that it received from Teachers Insurance and that were securitized.
June 6, 2003 Mack-Cali Realty Corp. (NYSE:CLI) has priced $100 million of senior unsecured notes through joint bookrunners Banc of America Securities, Citigroup and J.P. Morgan Chase.The notes, which mature June 2013, carry a coupon of 4.6 percent. They were ...
June 5, 2003 GE Real Estate has provided $104 million of mortgage debt to Tarragon Realty Investors Inc. (Nasdaq:TARR).The three-year loan is backed by seven of Tarragon's apartment properties, in Texas, Tennessee and Florida. It could be extended for two ...
June 3, 2003 IPC US REIT has completed its purchase of a majority interest in the Wanamaker Building, a 1.4 million-square-foot office building in downtown Philadelphia.The Toronto-based REIT agreed last month to buy a 60 percent partnership interest the Class-A ...
June 2, 2003 The Miami Herald (First Item)C.F. Broward Mall, a subsidiary of Cadillac Fairview Finance of Canada, sold the 416,275-square-foot mall at 8000 W. Broward Blvd. in Plantation, Fla., to Broward Mall, a subsidiary of Mills Corp., of Arlington, ...
May 27, 2003 Brookfield Properties Corp. (NYSE:BPO) is raising $100 million through an offering of cumulative redeemable preferred shares.The Toronto office company will issue the stock through a syndicate of underwriters led by RBC Capital Markets, which has the option ...
May 20, 2003 Chicago TribuneChicago-based Zeller Realty Corp. has a letter of intent to pay roughly $125 million, or $155/sf, for 303 E. Wacker Drive in Chicago, a 30-story, 803,000-square-foot tower in the Illinois Center complex.
May 20, 2003 Western Rim Investment Advisors Inc. has hired Holliday Fenoglio Fowler LP to market for sale two luxury apartment properties in Texas, valued at a combined $131 million.The Mansions at Coyote Ridge Country Club in Carrollton and The ...
May 14, 2003New York Post (Second item)A joint venture between Africa-Israel, a publicly traded Israeli company, and Boymelgreen Developers, a local firm run by developer Shaya Boymelgreen, early this week inked a deal to buy the adjoining office buildings at ...
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