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April 26, 2004 Koger Equity Inc. (NYSE:KE) has reworked the terms of a $75.9 million mortgage that it assumed when it acquired Atlantic Center Plaza, a 502,000-square-foot office building in Atlanta.The property was purchased in January for $116.5 million from ...
The investment bank has been tapped by CIB Marine Bankshares to market for sale a portfolio of performing loans. Offers are due June 8.
April 23, 2004 MeriStar Hospitality Corp. (NYSE:MHX) expects to raise $75 million from the sale of 12 million common shares.The Arlington, Va., REIT will use proceeds primarily to acquire hotels as well as for general corporate purposes. The offering is ...
April 22, 2004 Cityfeet.comLarry Gluck of Stellar Management and Moshe Dan-Azougi of Brack Capital paid $70 million for the Olcott Hotel at 27 W. 72nd St. in Manhattan. The Slutsky and Borshuk families had owned the property since 1951. The ...
April 21, 2004 UBS has provided $77.2 million of fixed-rate financing for Maritime Plaza I and II, a pair of office buildings in Washington, D.C., that Bernstein Cos. acquired earlier this year.Bernstein paid $92 million for the two office buildings, ...
April 21, 2004 Equity Residential (NYSE:EQR) has paid $50 million for Jefferson at Town Center, a 294-unit apartment complex in Valencia, Calif.The Chicago REIT bought the property from JPI, a Dallas apartment developer.The property, at 24905 Magic Mountain Park next ...
April 21, 2004 SL Green Realty Corp. (NYSE:SLG) has completed its purchase of 19 W. 44th St. in Manhattan.The New York REIT bought the 292,000-square-foot office building for $67 million by partnering with The City Investment Fund, a vehicle that ...
April 20, 2004 American Financial Realty Trust (NYSE:AFR) has agreed to buy three to-be-completed office buildings from Koll Development LLC.The three buildings, in Louisville, Ky., Greensboro, N.C., and Boise, Idaho, total 531,000 square feet and have been net leased to ...
April 20, 2004 GE Real Estate has provided $60 million of mortgage financing to WiredZone, a venture between Apollo Real Estate Advisors and Prescott Realty of Dallas that owns three office buildings with 1.5 million square feet.The three buildings are ...
April 20, 2004 Prime Group Realty Trust (NYSE:PGE) has closed on its sale of the former Arthur Andersen headquarters in Chicago to an affiliate of AmTrust Realty Corp..AmTrust, based in New York City, had agreed to pay $69.6 million for ...
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© 2023 Commercial Real Estate Direct All rights reserved..