Nashville-Area Retail Property Sells for $34.5Mln
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144-Unit Apartment Property Opens in Arlington, Va.
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CenterPoint Sells 3 Ill. Industrial Buildings for $125Mln
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July 21, 2003 Gables Residential (NYSE:GBP) has paid $53 million for a 211-unit apartment building in Washington, D.C.'s Woodley Park neighborhood.The 11-story building, Gables Woodley Park, was completed two years ago and is 85 percent leased. Gables said it expects ...
July 21, 2003 GMAC Commercial Mortgage Corp. has completed its purchase of CapMark Services and the North American asset management businesses of Lend Lease Corp.The two units were sold for $86.5 million. Their sale marks the first leg of a ...
July 21, 2003 Hospitality Properties Trust (NYSE:HPT) has purchased seven Candlewood Suites Hotels for $65 million.The Newton, Mass., REIT funded the purchase with cash on hand and borrowings under its revolving credit facility. The hotels have a total of 888 ...
July 18, 2003 Tampa Bay Business JournalThe Hamptons at Tampa Palms in Tampa, Fla., at 15350 Amberly Drive was sold to International Realty Inc. for $34.8 million, or $110,476/unit. The Boca Raton office of Apartment Realty Advisors negotiated the sale ...
July 17, 2003 Analytical Properties Holdings Ltd., a new joint venture between London & Associated Properties PLC and Bank of Scotland, has agreed to buy the Church Square Shopping Centre in St. Helens, Merseyside, for 50 million pounds (US$79.5 million).The ...
July 17, 2003 J.P. Morgan Chase has provided $60.5 million of fixed-rate financing for 17 Battery Place, a 440,000-square-foot office building in lower Manhattan.The financing was arranged by Singer and Bassuk Organization, which advised the property's owner, an investment group ...
July 17, 2003 The Trans-Pacific Industrial Park, an 11-building industrial complex in Fife, Wash., has traded hands for $75.5 million, or about $50/sf. AMB Partners II, a $250 million partnership between AMB Property Corp. and the City and County of ...
July 16, 2003 The Wall Street JournalEquity One Inc. has paid $75.3 million for Sheridan Plaza, a 452,000-square-foot grocery-anchored shopping center in Hollywood, Fla. The North Miami Beach, Fla., REIT plans to spend more than $130 million this year to ...
July 16, 2003 Boston Globe (Second item)An affiliate of Rockwood Capital Real Estate Fund IV has paid $84.5 million for two office buildings in East Cambridge, Mass., that IBM acquired when it bought Lotus Development Corp. Spaulding & Slye Colliers, ...
July 16, 2003 Commercial Real Estate Direct Staff ReportARCS Commercial Mortgage Co. has provided $70.45 million of mortgage debt under Fannie Mae's discounted mortgage-backed securities program for a Lakewood, Colo., apartment complex.The Calabasas Hills, Calif., lender structured the financing for ...
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