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October 21, 2003 Lexington Corporate Properties Trust (NYSE:LXP) has paid $26.6 million for two office buildings leased to Nextel Communications Inc.The New York REIT paid $15.25 million for a 108,800-square-foot property in Temple, Texas, that is leased to Nextel of ...
October 20, 2003 Arbor Commercial Mortgage has provided $35.5 million of permanent financing for Palma Sorrento apartments, a recently completed complex in San Jose, Calif.The seven-year mortgage amortizes over a 30-year schedule and carries a fixed rate of 5.33 percent. ...
October 17, 2003 Related Capital Co. has provided $7.7 million of equity toward the $28 million purchase and proposed rehabilitation of San Martin Twin Tower, a 360-unit affordable apartment complex in San Juan, Puerto Rico.Related, a New York investor and ...
October 16, 2003Investcorp has sold Horizons at Peccole Ranch Apartments in Las Vegas to an affiliate of Fowler Flanagan Partners LLC for $27.3 million, or about $66,912/unit.The Las Vegas office of Colliers International Inc. arranged the sale of the 408-unit ...
October 16, 2003 Trizec Properties Inc. (NYSE:TRZ) has recovered $40.7 million from the sale of Minnesota Center, a 289,000-square-foot office building in Bloomington, Minn.The 14-story property, which was 87 percent leased at the end of last year, was sold to ...
October 16, 2003 SSR Realty Advisors Inc. has sold Jefferson at Westtown, a 252-unit apartment community in West Chester, Pa., for $36.25 million, or roughly $143,850/unit.SSR had owned the property since November 1997, when it bought it on behalf of ...
October 16, 2003 Portland Business JournalBourne End Properties PLC, a subsidiary of Portland, Ore.-based Fog Cutter Capital Group Inc., has sold a shopping center in Scotland for $39 million. Bourne End sold the 97,000-square-foot Loreburne Shopping Center in Dumfries, Scotland, ...
October 15, 2003 Commercial Real Estate Direct Staff ReportBrandywine Realty Trust (NYSE:BDN) is making plans to buy an office building in suburban Philadelphia.The REIT plans to use about $46.1 million of the net proceeds from an upcoming common share offering ...
October 15, 2003 Corus Bank has provided a $25.3 million loan to 699 Second Development LLC to finance the construction of a six-story condominium building in San Francisco.The project, located at 699 Second St. near Pac Bell Park, will contain ...
October 15, 2003 GE Capital Access has provided $39.4 million of financing for the Chino Hills Crossroads Marketplace in Chino Hills, Calif.Wayne Paulus of L.J. Melody & Co.'s San Diego office arranged the permanent fixed-rate financing on behalf of Crossroads ...
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