March 10, 2003 Tampa Bay (Fla.) Business JournalTriple Net Properties LLC, a California-based investment group, recently closed on the Buschwood III building near the intersection of Busch Boulevard and Himes Avenue in the Carrollwood area of Tampa, Fla. It paid ...
March 10, 2003 Home Properties (NYSE:HME) has paid $34 million for the Stone Ends Apartments, a 280-unit complex in Stoughton, Mass. – a commuter suburb about 22 miles south of Boston.The Rochester, N.Y., REIT funded the $121,500/unit purchase of the ...
March 10, 2003 Parkway Properties Inc. (NYSE:PKY) has sold a 70 percent stake in Phoenix' Viad Corporate Center to Investcorp International Inc. for $42 million.The sale values the 482,000-square-foot office building at $60 million.The Parkway/Investcorp partnership received a $42.5 million ...
March 10, 2003 By Susanna Potter, Commercial Real Estate Direct Staff WriterBear Stearns has provided a $42.5 million mortgage for the Viad Corporate Center, a 24-story office tower in downtown Phoenix.The floating-rate mortgage, which carries a rate of about 4.26 ...
March 7, 2003 Houston Business JournalHartman Management Inc., a Houston REIT, has closed a loan with GMAC to refinance debt for its commercial properties. The refinancing package totals $34 million and is collateralized with $125 million worth of Hartman-owned real ...
March 7, 2003 Lincoln Property Co. has purchased the Club Meadows apartments in Boynton Beach, Fla., for $28.2 million.The Florida office of Apartment Realty Advisors handled the sale of the 410-unit property.Completed in 1985, Club Meadows features two swimming pools, ...
March 6, 2003 Sun-Sentinel (Fort Lauderdale, Fla.)Woolbright Development Inc., a Boca Raton, Fla., development company, has purchased the 415,000-square-foot Fountains Shoppes of Distinction, one of the three major shopping centers in the central part of Plantation, for $44 million. Ed ...
March 6, 2003Houston Business JournalThe Ainbinder Co., a Houston retail developer, has closed two long-term loans with GE Capital totaling $25 million. The loans are for the 95,000-square-foot Bear Creek Shopping Center in West Houston and the 125,000-sf Grapevine Crossing ...
March 6, 2003 Boston HeraldConsultants for John Hancock Financial Services are talking up plans for a posh 37-story condo and hotel tower that could be built over the site in Boston's Back Bay that is now occupied by the Hard ...
March 6, 2003 Rocky Mountain NewsPrudential Real Estate Investors paid $26.9 million – or a record $131,863/unit – for a luxury apartment community in Lowry, Colo.
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