389-Unit Apartment Property Opens in Morgan Hill, Calif.
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June 16, 2003 San Jose Business Journal (First Item)Terracommercial Real Estate Corp. of Saratoga, Calif., has purchased the 205,000-square-foot Bernal Plaza in San Jose for $28 million from Ferrari Bros., industrial real estate owners on the peninsula. In anticipation of ...
June 16, 2003 Lend Lease Corp. has sold its 50 percent interest in the TresAguas retail center outside Madrid.Metrovacesa SA paid 28 million euros ($33.2 million) for the half stake in Paseo Comercial Carlos III, the company that owns the ...
June 13, 2003 Tampa TribuneSendera Investment Group of Irving, Texas, has purchased the Culbreath Key apartment complex on Gandy Boulevard in Tampa, Fla., for $26.3 million from Dallas-based Lincoln Property Group. The 254-unit complex is 95 percent leased.
June 13, 2003 Los Angeles TimesConnecticut General Life Insurance Co. has invested $27.5 million to acquire a stake in a 1 million-square-foot Alhambra, Calif., office park, giving partner Wayne Ratkovich the capital to begin new development on the 45-acre site. ...
June 13, 2003 Chelsea Property Group Inc. (NYSE:CPG) has raised about $49.5 million through the sale of 1.2 million shares of common stock, priced at $42.10/share.Merrill Lynch & Co. was sole underwriter for the offering.Proceeds will be used to repay ...
June 13, 2003 GMAC Commercial Mortgage Corp. has provided $26.75 million of construction financing to Southwest Capitol Associates LLC for the Residence Inn by Marriott - Capitol in Washington, D.C.The 233-unit, limited-service hotel will be at 333 E. St. S.W.The ...
June 12, 2003 Seattle Post IntelligencerPartnerships led by developer Mario Segale have paid Boeing about $32.8 million for nearly 120 acres at Pacific Gateway Business Park in Kent, Wash. Pacific Gateway, at West Valley Highway and South 196th Street, is ...
June 11, 2003 Phoenix Business JournalScottsdale, Ariz.-based Desert Troon paid $40.2 million for two buildings in Perimeter Center, a North Scottsdale office development. The addresses are 8665 and 8701 E. Hartford Drive. The two-story buildings have a total of nearly ...
June 11, 2003 A partnership between Investcorp and Crow Holdings has sold a 251,955-square-foot shopping center in Long Island's Suffolk County for $38.3 million.The property, Nobody Beats the Wiz Plaza, was sold to Goldman Sachs' Archon Group.The property, which was ...
June 11, 2003 Berkshire Income Realty Inc. (AMEX:BIR_pa) has purchased the Windward Lakes Apartments, a 279-unit complex in Pompano, Fla., and The Gables Apartments, with 140 units in Houston.The Boston REIT paid $19.73 million for Windward Lakes, which included the ...
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