Valuation: Between $50 million and $100 million

May 5, 2004 Simon Property Co. (NYSE:SPG) has increased its ownership stakes in the Bangor Mall in Bangor, Maine, and Montgomery Mall in North Wales, Pa.The Indianapolis REIT now owns a 67.6 percent stake in Bangor Mall, up from 32.6 ...

May 4, 2004 Boston Properties closed April 1 on its purchase of 1330 Connecticut Ave. in downtown Washington, D.C.The REIT paid $86.6 million for the 259,403-square-foot office building plus another $1.4 million of closing costs. It is also obligated to ...

April 30, 2004 Keen Realty has been retained to market Anita Terrace Apartments, a 560-unit co-operative housing complex in Rego Park, N.Y.The Queens housing complex is being sold though U.S. Bankruptcy Court for the Eastern District of New York.Laurence Gluck, ...

April 29, 2004 Triple Net Properties has paid $74.6 million for 801 K St., a 336,104-square-foot office building in Sacramento, Calif.Triple Net, a Santa Ana, Calif., investment firm, acquired the property on behalf of 22 tenant-in-common investors who were clients ...

April 28, 2004 CDC Mortgage Capital Inc. has provided a $51.85 million of acquisition financing to Gregory Greenfield & Associates Ltd. for its purchase of the Westgate Mall in Brockton, Mass.The four-year loan carries a fixed rate and provides for ...

April 28, 2004 The Wall Street JournalJoseph J. Sitt has built his career on creating shopping venues that cater to black and Hispanic consumers in the United States. Now he's taking that experience to Puerto Rico, where his New York-based ...

April 28, 2004 MeriStar Hospitality Corp. (NYSE:MHX) has raised net proceeds of $72.8 million from the sale of 12 million common shares. The Arlington, Va., REIT expects to use proceeds primarily to acquire hotels and for general corporate purposes.Lehman Brothers ...

April 27, 2004 Pennsylvania State Employees' Retirement System has committed to invest a total of $50 million of equity in the two funds that were formed by senior executives of Westbrook Real Estate Partners.The $25.3 billion pension fund is investing ...

April 27, 2004 The California Public Employees' Retirement System will invest $50 million in capital over the next three years in a joint venture with Mexican industrial developer Corporaci?n Inmobiliaria Vesta S. de R.L. de CV.CalPERS, which is advised by ...

April 26, 2004 Archon Financial has provided $85 million of mortgage financing for Destin Commons, a 480,785-square-foot shopping center in Destin, Fla., in the state's panhandle.The 10-year mortgage included a funded earn-out, allowing the property's developer, Turnberry Associates of Aventura, ...