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NEWPORT BEACH, CA-Two Newport Beach companies team in a joint venture purchase of 15 properties, taking title to industrial, office, retail and acreage in the Greater Oxnard area as well as Ventura and Santa Barbara counties.
PHOENIX-That's one down, one to go in a refocus by the La Jolla, CA-based investment group that's turning its eyes to larger properties. The Northview Professional Plaza, bought by local investors, is a 43,847-sf design.
NEW YORK CITY-The opening months of '01 still saw substantial investment-capital flowing into real estate--building on last year's $93.5 billion. And retail and CBD office are the big winners.
BALTIMORE, MD-Israel-based multi-sensory entertainment company International Tourist Attractions agrees to become the anchor tenant of the Pier IV Building, a $35-million office and retail property being developed jointly by the City of Baltimore and the Cordish Co. ITA will occupy a 10,000-sf space.
BOSTON-In a move that the city anticipates will save it money on rent, it purchases 1010 Massachusetts Ave., a 190,000-sf building that city and state agencies have been occupying for the past 15 years. The city paid Mount Vernon Co. $31.5 million for the building.
LONDON-The Prudential, MEPC and other investors have launched a legal action against Easington District Council in the North East of England over its handling of London & Amsterdam's Dalton Park factory outlet development.
MOUNT PLEASANT, NY-In another major coup for Westchester County, New York Life Insurance Co. has closed on the acquisition of the 383,000-sf Mount Pleasant Executive Center here. The insurer plans to employ 1,000 people at the former IBM facility.
ATLANTA-The complex apartment financing, handled by Collateral Mortgage Capital LLC was done in less than 60 days and involved a transfer of the general partner and adjustments for a tax credit equity that had been paid years ago.