August 7, 2003 AMLI Residential Properties Trust (NYSE:AML) has agreed to acquire from Endowment Realty Investors II the interests it does not already own in three apartment communities in Kansas and Indiana.The Chicago REIT will pay $57 million to Endowment ...
August 6, 2003 Commercial Real Estate Direct Staff ReportTrizec Properties Inc. recently refinanced the loan on One Alliance Center, a 558,000-square-foot office building in the Buckhead section of Atlanta.ABN Amro provided the $70 million loan, of which $62 million was ...
The REIT plans to finance its proposed $153 million purchase of the WestShore Plaza in Tampa, Fla., with up to $100 million of fixed-rate mortgage debt and proceeds of an upcoming preferred stock offering.
Transwestern is marketing Fairfield Crossing in Falls Church for $66.8 million. The Class-B property, 10 miles from D.C., is a prime candidate for repositioning.
August 5, 2003 Seattle Times (First Item)Seattle's Fisher Communications, continuing its move out of the real estate business, has reached an agreement to sell two office buildings for $64 million to Rreef America. Fisher Business Center in Lynnwood, Wash., and ...
The REIT, which is looking to become a pure-play office REIT, bought a Class-A office tower in Boston. It funded the purchase with a mortgage from MassMutual and proceeds from the sale of industrial properties.
The investment firm, which was formed two years ago by former REIT executives, is in the midst of a portfolio repositioning that will find it selling six properties and buying others on an opportunistic basis. Its latest acquisition involved the ...
August 4, 2003 Vornado Realty Trust (NYSE:VNO) has completed its purchase of 2101 L St. in Washington, D.C.The Paramus, N.J., REIT paid $77 million, or $208/sf, for the 370,000-square-foot office building. It bought the property from a partnership led by ...
Two investment firms have filed offers for the Westin Michigan Avenue hotel, valuing the property at more than $70 million. Meanwhile, the property's owner continues to seek financing after a deal for $75 million from CSFB fell through.
August 1, 2003 Oakland TribuneKimco Realty Corp. has agreed to pay $59 million to Rreef Funds, a San Francisco pension fund adviser, for the 351,600-square-foot 280 Metro Center mall in Colma, Calif. The mall is across Highway 280 from the ...
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