Valuation: Between $25 million and $50 million
NYC Warehouses Sold for $27Mln
May 29, 2003 CityFeet.comStanley Fuchs has sold two vacant warehouses at 11th Avenue between 47th and 48th streets to the Aryeh brothers of First Hudson Capital for $27 million. The brothers, who contracted last year to buy the buildings, closed ...
New Jersey Apartments Sell for $37Mln
May 29, 2003 An investor advised by J.P. Morgan Fleming Asset Management has sold Hunters Chase Apartments, a 360-unit luxury apartment complex in Southern New Jersey for $37 million.The property was acquired by Scully Co., a Jenkintown, Pa., investor that ...
O&Y Buys Toronto Building for C$72.6Mln; Will Refinance Debt on Ottawa Property
May 28, 2003Toronto-based O&Y has purchased the 300,000-square-foot Yonge/Richmond Centre at 151 Yonge St. in Toronto for C$72.6 million (US$52.4 million).Sun Life Financial will provide a C$50 million, nine-year mortgage with a rate of 6.01 percent. The Toronto-based office REIT ...
Empty Downtown LA Office Tower Sells for $36Mln
May 27, 2003 Los Angeles TimesFormat Co. of Taiwan is selling the long-vacant building at 1100 Wilshire Blvd. for an estimated $36 million, double what Format Co. paid for the property in 1993. Built in 1986, the 37-story office tower ...
First Union Plaza in Durham, NC, Sold for $38M
May 27, 2003 Triangle Business JournalSCI Real Estate Investments has acquired the 235,979-square-foot First Union Plaza at Erwin Square property at the entrance to the campus of Duke University in Durham, N.C. The 10-story Class-A office tower, which is 99 ...
Dallas Office Tower Expected to Reap $35.5Mln
May 27, 2003 Dallas Business Journal (First Item)CB Richard Ellis has been tapped to sell Ten Thousand North Central Expressway in Dallas for owner JP Morgan Investment Management. Built in 1986, the 15-story, 283,000-square-foot building is expected to fetch more ...
Investment Firm Buys Illini Tower at University of Illinois
May 27, 2003 Chicago TribuneAn opportunistic investment firm whose principals include Chicago financier Neil Bluhm has acquired Illini Tower, one the best-known private dormitories at the University of Illinois in Urbana-Champaign. The purchase price was roughly $29 million.
Calif. Apartments Sell for $36.7Mln
May 22, 2003 CT Realty Corp. has sold three apartment communities in San Dimas, Calif., for $36.7 million.The Newport Beach, Calif., real estate investment and development firm sold the 288-unit portfolio to Essex Property Trust of Palo Alto, Calif.The Villas ...
Phoenix’s Westward Ho Hotel Sells for $26.9Mln
May 21, 2003 The Arizona RepublicThe Westward Ho, a historic high-rise hotel and downtown Phoenix landmark, has been sold for $26.87 million to Phoenix Preservation Partnership, a group led by Cathedral Development of Providence, R.I. Phoenix said it kicked in ...
Pacific Coast Capital Lends $33Mln for 2 Calif. Shopping Centers
May 20, 2003Redwood Capital Finance Co., an affiliate of Pacific Coast Capital Partners LLC, has financed two loans of more than $33 million for a couple grocery-anchored shopping centers in California.The firm provided a $16.7 million loan to refinance the ...
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