Valuation: Between $50 million and $100 million
Corus Lends $80Mln for Condo Conversion
April 25, 2005 An affiliate of Margolias Realty has lined up $80 million of financing from Corus Bank to acquire and transform the The Strand in West Palm Beach, Fla., into residential condominiums. The property, at 255 Evernia St., has ...
Investcorp Pays $54.2Mln for Connecticut Offices
April 22, 2005 Investcorp International has paid $54.15 million for a portfolio of three office properties in tony Westport, Conn.Investcorp, a New York company whose investments are capitalized by investors in the Arabian Gulf, purchased the portfolio from Riverside Investors, ...
Chicago’s Brickyard Sells
April 22, 2005 Inland Western Retail Real Estate Trust Inc. has completed its purchase of The Brickyard, a shopping center in Chicago, from Goldman Sachs' Whitehall Street Real Estate Fund.Inland, which is headquartered in Oak Brook, Ill., purchased 234,000 square ...
CapLease to Pay $52.9Mln for California Retail Property
April 21, 2005 Capital Lease Funding Inc. has agreed to acquire a 185,000-square-foot retail property in Aliso Viejo, Calif., for about $52.9 million.The company is purchasing Aliso Commons at Town Center, Phase I, which is 94 percent leased to two ...
CalPERS Acquires Sacramento Office Building
April 20, 2005 The Sacramento BeeCalPERS acquired a five-story office building and parking complex on R Street in downtown Sacramento, Calif. The property was acquired from Transpacific Development in an $83 million deal that saw Transpacific buy two Texas distribution ...
Essex, Rihga Hotels Being Sold
April 20, 2005 New York PostCiting reports from two other publications, the New York Post is reporting that Manhattan's Rihga Royal and Essex House hotels are being sold. The Rihga is being sold to Blackstone Group for $183 million, according ...
Trammell Unit, Morgan Stanley Pay $80Mln for Medical Offices
April 19, 2005 A venture between a unit of Trammell Crow Co. and a pension client of Morgan Stanley Real Estate has paid roughly $80 million for a portfolio of seven medical office buildings in Indianapolis.The venture, PHT Investment Holdings, ...
Radisson Kauai Resort to Hit Market Again
The 347-room hotel in Hawaii was purchased last December for about $58 million by a local partnership. The venture is said to be shopping the property as a possible condo conversion and is aiming for an $85 million sales price.
Boston Office High-Rise at 101 Arch St. to Hit Market
April 18, 2005 Boston Business Journal CB Richard Ellis Investors LLC is said to be close to shopping a 21-story high-rise at 101 Arch St. in Boston. The 405,000-square-foot property last changed hands in 2002, when it was sold by ...
Allstate Lends $57.6Mln for Long Beach, Calif., Offices
April 18, 2005 Allstate Investments has provided a $57.6 million permanent loan for Shoreline Square, a 383,000-square-foot office building in Long Beach, Calif.The 20-story property, which was completed in 1988, is next to the Westin Hotel on East Ocean Boulevard. ...
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