Valuation: Between $25 million and $50 million

September 19, 2003Commercial Real Estate Direct Staff ReportInland Real Estate Group has lined up the first investment for Inland Western Retail Real Estate Trust Inc., a REIT it is planning to launch.The soon-to-be-REIT has agreed to pay $25.9 million, or ...

September 18, 2003 Wells Real Estate Investment Trust Inc. has paid $45.5 million for 1901 Main St., a 172,000-square-foot office building in Irvine, Calif., that is fully occupied by five tenants under long-term leases.The recently constructed building's main tenant is ...

September 18, 2003 RBS Greenwich Capital has provided a $30 million permanent mortgage to HB Nitkin Group for the Greenwich Financial Center, an 80,000-square-foot office and retail building in the heart of Greenwich, Conn.The four-story, Class-A office building was fully ...

September 18, 2003 Developers Diversified Realty (NYSE:DDR) and Coventry Real Estate Partners have sold two West Coast shopping centers in two separate deals totaling $34.3 million.The Cameron Park shopping center in suburban Sacramento, Calif., sold for about $19.3 million to ...

September 17, 2003 GREC Greenwich Inc. has sold the 402-unit Greenwich Park Apartments in North Miami to Alliance Holdings of Chicago for $28.3 million.The property, which is 94 percent occupied, consists of five mid-rise rental apartment buildings at 1550 N.E. ...

September 16, 2003 Prudential Mortgage Capital has provided a $38 million loan through its Federal Housing Administration-lending arm, Prudential Huntoon Paige, to finance the construction of the second phase of Southgate Towers and Southgate Village in Baton Rouge, La. The ...

September 16, 2003 Rocky Mountain NewsFranklin Street Partners, a Boston investment company, paid $38 million or $162/sf for the 233,738-square-foot 380 Interlocken building in Broomfield, Colo.

September 15, 2003 A California investor has paid $28.75 million for Ocean View Village, a recently completed shopping center in San Francisco.The investor, Tom Culligan of San Mateo, Calif., acquired the property through several partnerships he formed. Both Culligan, who ...

September 12, 2003 Greystone Servicing Corp. has provided $37.5 million of debt for a portfolio of five retirement properties in Pennsylvania owned by a non-profit organization. The debt was comprised of a tax-exempt, variable rate bond credit enhancement and liquidity ...

September 11, 2003 AmeriVest Properties Inc. (Amex:AMV) has paid $39 million for the Financial Plaza Building, a 310,837-square-foot office building in Mesa, Ariz.The Class-A building, at South Alma School Road and Southern Boulevard, is 80 percent leased to 43 tenants. ...