April 27, 2001 NEWTOWN SQUARE, Pa. - Brandywine Realty Trust has closed on a $66 million loan with Metropolitan Life Insurance Co.The 12-year loan is secured by nine properties and has a fixed 7.25 percent interest rate and is amortized ...
April 26, 2001 WEST CONSHOHOCKEN, Pa. – Keystone Property Trust (AMEX:KTR) has priced 7.5 million shares at $12.20/share, or $86.1 million. Proceeds of $29.4 million will be used to complete the purchase of 2.5 million shares and units from Crescent ...
April 25, 2001 NEW YORK – SL Green Realty Corp. (NYSE:SLG) has agreed to sell 1412 Broadway to an affiliate of JER Partners, a subsidiary of J.E. Robert Cos., for $91.5 million.Under the terms of the transaction, SL Green will ...
April 25, 2001 Commercial Real Estate Direct Staff ReportKeystone Property Trust has filed to raise $93.9 million from a secondary stock offering of 7.5 million shares.Keystone will use proceeds of about $64.5 million to repay debt under its $150 million ...
April 25, 2001 By Susanna Potter, Commercial Real Estate Direct Staff WriterColumn Financial has provided $55 million of mortgage debt to the owner of two office buildings in the Old Town area of Pasadena, Calif.The borrower, a large non-real estate ...
April 17, 2001 SCOTTSDALE, Ariz. – Franchise Finance Corp. of America (NYSE:FFA) has provided $50 million of fixed-rate mortgage financing to the Wills Group for its purchase of 78 Shell and Texaco gasoline outlets.The outlets are all dealer-operated and include ...
April 17, 2001NEW YORK - Investcorp has purchased two apartment properties with a combined value of more than $85 million.The company bought The Gardens of Dunwoody Apartments in a joint venture with Shelter Properties of Baltimore. The complex is an ...
April 16, 2001 BOCA RATON, Fla. – The National Council on Compensation Insurance Holdings Inc. has paid $52.5 million, or about $169/sf, for its new corporate headquarters in Boca Raton.St. Joe Commercial, a unit of The St. Joe Co., developed ...
The pension fund has sold 1325 G St. NW in Washington's East End for $59.3 million to a venture of Lehman Brothers and a local real estate investor. It's an opportunistic play for the office building's buyers.
April 12, 2001 The New York State Teachers Retirement System has provided $67.5 million in financing for 1900 K Street, a 337,000-square-foot trophy office building in Washington, D.C.National Office Partners – a partnership of the California Public Employees' Retirement System ...
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