Three former Integrated Resources partnerships that are now controlled by Northstar Capital are weighing the possibility of leveraging their portfolios and becoming active investors. The entities have about $125 million in cash.
June 8, 2001 NEW YORK – SL Green Realty Corp. (NYSE:SLG) has closed on its $105.6 million purchase of 317 Madison Ave. in Manhattan. The REIT bought the 22-story office tower at the northeast corner of Madison Avenue and 42nd ...
Grubb & Ellis has been hired to market a portfolio of five properties that are occupied by various federal agencies under long-term leases. The portfolio is expected to sell for more than $100 million.
June 6, 2001 CHICAGO - AMLI Residential Properties Trust (NYSE:AML) has closed on a $140 million mortgage financing for seven of its stabilized communities.The interest rate on the 10-year loan is 6.56 percent. Freddie Mac provided the financing through GMAC ...
June 1, 2001 Crestline Capital Corp. (NYSE:CLJ) has agreed to sell its portfolio of 10 Residence Inn hotels, in a deal valued at $119 million.Apple Hospitality Two Inc., a REIT based in Richmond, Va., has agreed to buy the hotels, ...
May 31, 2001 NEWPORT BEACH, Calif. - Nationwide Health Properties Inc. (NYSE:NHP) and an institutional investor have formed a joint venture that will invest least $130 million in the long-term care field.Nationwide will manage the joint venture, which will consist ...
May 29, 2001NEW YORK – SL Green Realty Corp. (NYSE:SLG) has sold a 45 percent interest in Manhattan's One Park Ave. for $105.25 million.The deal values the 910,000-square-foot office building at the same $233.9 million that the REIT paid for ...
HOUSTON ??" Texas Tower Ltd. has received $125 million in long-term financing for a 1.7 million-square-foot office tower. Proceeds will be used to replace existing debt on the property.The 75-story Chase Tower, which was originally named the Texas Commerce Center, ...
May 22, 2001LAFAYETTE, Calif. – Bedford Property Investors Inc. (NYSE:BED) has renewed its secured credit line with a $150 million facility with a group led by Bank of America.The $150 million facility has a three-year term with an interest rate ...
May 18, 2001 NEW YORK – Nomura Capital Investment Co. Ltd. has selected Lend Lease Real Estate Investments Inc. as primary servicer for a $120 million loan backed by 11 office and residential properties in Japan.Lend Lease Japan will oversee ...
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