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SHOREVIEW, MN-CB Richard Ellis represented the seller of the 552,927-sf complex, and buyer Becker/Lutz Investment obtained financing from UBS-Warburg that was arranged by iCap Realty's Michigan office.
ATLANTA-Ron D. Ford, former CEO with Media Arts Group in San Jose, CA, brings 20 years of experience in sales, operations, financial management and information technology to the new position created by Leo F. Wells III, founder and president of Wells Real Estate Funds.
SAN MARCOS, CA-San Elijo Hills Development Co. LLC has finished its new community center, which has been built as part of a tenant improvement project at its master-planned development.
COLLEYVILLE, TX-Realty Capital Partners pools the investors for a buy-in of about $25,000 each for the acquisition from sister company, Realty Capital Corp., a merchant builder who had the five-building Colleyville Square on the open market.
HOBOKEN, NJ-The sublessor is Credit Agricole and the location is SJP Properties' 934,000-sf Waterfront Corporate Center. The rental rate is being termed "highly competitive.
EAGAN, MN-The $23 million facility sits on a 60-acre site that also includes a park and other recreational facilities. One of the central features of the park is a 140-year-old oak tree that is called the "Grandfather Tree", which was moved to the community center's entryway.
ARLINGTON, VA-Hotel REIT MeriStar Hospitality Corp. walks away with $101 million after closing on a commercial mortgage-backed securities financing package at an interest rate of 6.88%.
PORTLAND- A group of public and private sector economic development entities are coming together in a new nonprofit. The Portland Development Commission, the city's urban renewal agency, will serve as administrative agent for the organization.
ONTARIO, CA-A family trust buys the property from First Ontario Surgery LLC. Located at 1211 W. 6th St., the asset is a single-tenant surgery center that encompasses 13,985 sf.