SL Green to Sell Palisades, N.Y., Event Space for $26.25Mln
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Houston’s 777 Post Oak Blvd. Office Gets New Owner
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December 11, 2003 Liberty Property Trust (NYSE:LRY) expects to raise $99.6 million from a public offering of 2.7 million common shares.Net proceeds will be used for acquisitions and developments, repayment of preferred stock and for general corporate purposes.The transaction is ...
December 10, 2003 Chicago TribuneGreat Lakes REIT has a deal to sell its medical office portfolio, barely a year after entering that specialized real estate field. The Oak Brook, Ill.-based REIT has an agreement to sell the eight Chicago-area properties ...
December 10, 2003 Windrose Medical Properties Trust (NYSE:WRS) is increasing its secured credit facility to $70 million from $25 million.The Indianapolis REIT also is extending its current credit line to September 2005. It will carry a rate pegged to Libor ...
December 10, 2003 Miami Herald (Third Item)Wachovia Bank provided a $75.2 million loan to Fairfield Dadeland, of Grand Prairie, Texas, for 7360 N. Kendall in Miami-Dade. The construction funds are for a new mixed-use project of 400 condominium units and ...
December 10, 2003 The Wall Street JournalPinnacle Downtown, an urban redevelopment subsidiary of Pinnacle Group of Cos., has agreed to buy the former Maxwell House coffee plant site in Hoboken, N.J., for $76 million. When the deal is finalized next ...
December 9, 2003 Prentiss Properties Trust (NYSE:PP) has purchased a portfolio of five office properties in the northern San Diego submarket of Carlsbad from Equity Office Properties Trust (NYSE:EOP) for $67 million.Prentiss, a Dallas REIT, also sold 2.53 acres in ...
December 9, 2003 A Southern Calif.-based investment group is looking to sell Le Club Apartments in Moorpark, Calif.Marcus & Millichap is marketing the 370-unit luxury property with an asking price of $58.5 million. The $158,108/ unit price represents a 6.5 ...
HSH Nordbank, looking to make a push in providing sizable mortgages for trophy properties in the U.S., has provided a large loan to G REIT Inc. for its purchase of One World Trade Center in downtown Long Beach, Calif.
December 8, 2003 Crain's New YorkTribeca Associates, a firm started by former Insignia/ESG Inc. brokers Bill Brodsky and Elliott Ingerman, plans to buy 132 W. 31st St. – an office building in Manhattan's Penn Station district – for about $60 ...
December 8, 2003 Kearny Real Estate Co. has sold a 265,000-square-foot office complex in southern California to IndyMac for $58 million.The property, Pasadena Corporate Park in East Pasadena, Calif., is leased primarily to IndyMac and Tetra Tech. Kearny was represented ...
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