The investment firm has acquired two buildings that together comprise nearly 5 percent of downtown Honolulu's office market. It acquired the two properties from the California State Teachers' Retirement System.
December 24, 2003 Lexington Corporate Properties Trust (NYSE:LXP) has acquired two office properties in Overland Park, Kan., and Kansas City, Mo., from Employers Reinsurance Corp. for $79.3 million.ERC, a wholly owned subsidiary of General Electric Co., has leased back both ...
December 24, 2003 RBS Greenwich Capital has provided $69 million of financing for One Independent Drive, a 649,383-square-foot office building in Jacksonville, Fla.The property is owned by a venture between Lehman Brothers and Capital Partners Inc., an Orlando, Fla., investment ...
December 23, 2003 ProLogis (NYSE:PLD) has agreed to sell its cold storage facilities operations in the United Kingdom for about 39 million pounds ($69 million).Oregon Capital Partners, an industrial holding group, and Bank of Scotland Corporate Banking have formed a ...
December 22, 2003 Highland Hospitality Corp. (NYSE:HIH), which recently raised $342.3 million through its initial public offering, has completed the $70.7 million purchase of three hotels with 726 rooms.The McLean, Va., REIT, acquired the properties from ventures involving Barcelo Crestline ...
December 22, 2003 Real Estate Journal (New Jersey and Pennslvania)Wells Real Estate Investment Trust has acquired a three-story, 410,000-square-foot office building in New Jersey for $70.5 million. A company spokesman would not disclose further details of the sale including the ...
December 22, 2003 Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) has increased its offer for units in the entity that owns the Westin Michigan Avenue, a 744-room hotel in Chicago, valuing the property at $94.9 million.The White Plains, N.Y., hotel ...
December 19, 2003 SSR Realty Advisors has purchased Aberdeen Station Apartments, a new apartment complex in Aberdeen, N.J., for $53 million, or about $182,760/unit.The real estate advisory firm bought the 290-unit property from developer JPI on behalf of its Core ...
A joint venture between Forbes Co. and Taubman Centers has bought an interest in the Waterside Shops at Pelican Bay in Naples. The deal, which values the upscale property north of $85 million, is a redevelopment play for the companies.
December 17, 2003 New York Daily NewsTribeca Associates, and investment firm run by former Insignia/ESG partners Bill Brodsky and Elliott Ingerman, has completed its purchase of Penncom Plaza, an 18-story office building at 132 W. 31st St. in Manhattan. The ...
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