Valuation: Between $25 million and $50 million

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 14, 2003 Rocky Mountain NewsThe Denver office of Legacy Partners and GI Partners of the San Francisco area paid $35 million for the Stanford II office tower in the Denver Tech Center. That equates to a little more than ...

October 14, 2003 Apartment Investment and Management Co. has sold a portfolio of four apartment properties totaling 816 units for $28 million.The Denver REIT sold the properties – two in Louisiana and one each in Texas and Arizona, to a ...

October 14, 2003 South Florida Business JournalJennings Construction Corp. of Palm Beach Gardens, Fla., has sold Wisperwood Village in Kendall and Fairway Vista in West Palm Beach for $22.2 million each. Wisperwood Village Development LLC bought the 235-unit Wisperwood Village ...

October 14, 2003 Pacific Coast Capital Partners and Kennedy Wilson Inc. (Nasdaq:KWIC) have teamed to pay $30 million for two California apartment properties with 362 units.The team bought the Sunrise Terrace apartments, which has 176 units and is in Palm ...

October 9, 2003 Sacramento BeeFJM Investments, a new San Francisco-based investment group, has paid almost $40 million for 19 industrial and warehouse buildings in Sacramento, Calif., near Sunrise Boulevard and U.S. Highway 50. Equitable Life Assurance Society of the United ...

October 9, 2003 A New York firm, known for its residential condominium conversions, has started converting an empty building in the Chelsea District of lower Manhattan into luxury condos.The undisclosed developer bought the 100,000-square-foot building at 121 W. 19th St. ...

October 9, 2003 Dundee REIT (TSX:D.UN) has agreed to buy Palladium Campus, a 229,000-square-foot office complex in suburban Ottawa, Ontario, for about C$39 million (US$29.1 million).Under the first part of the two-phase acquisition, the Toronto-based REIT has acquired an interest ...

October 7, 2003 Commercial AppealCLK Management Corp., based in Great Neck, N.Y., has paid $36.5 million for two apartment communities in Memphis, Tenn. The seller was Chicago-based Equity Residential Properties Trust. The 540-unit Trinity Lakes at 7935 Club Circle sold ...

October 7, 2003 Sonnenblick-Goldman Co. has arranged a $42 million mortgage for Phoenix Spectrum Mall, a 1.2 million-square-foot regional shopping mall in Phoenix.A foreign commercial bank provided the Libor-based, floating-rate loan to the mall's owner, an affiliate of Grossman Company ...