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Approximately $550 Million of Securities Affected.New York, December 13, 2002 -- Moody's Investors Service has confirmed its Baa3 senior unsecured debt…
AUBURN HILLS, MI-Ramco-Gershenson's 650,000-sf center flanked by Taubman's mega-mall adds Staples and Arby's to round out the strip development along the east side of I-75, near two full interchanges at Baldwin and Joslyn Roads.
WASHINGTON, DC-In a nearly $43-million transaction, the 160,000-sf office structure at 2021 K St. joins the property portfolio of LaSalle Investment Management. The eight-story building is currently 66% occupied, predominantly with medical industry tenants.
PHOENIX-A medical training and certification business takes 2,753 sf in the Good Sam Professional Building across the street from the Good Samaritan Hospital. The deal brings $17 per sf or $561,512 per year for the building owner.
HOUSTON-The Los Angeles seller parts with the 19-year-old center at 8 Uvalde Rd. after owning it for six years. The local LLC buyer gets a Grandy's-anchored center on less than an acre with a 2002 assessment of $361,140.
MT. LAUREL, NJ-The buyer, which recently acquired a major outlet center in Puerto Rico, capped an aggressive year of acquisitions with the purchase of Larchmont Commons.
HOUSTON-Crescent and GE Pension Trust acquire the lone Houston office building in the Met Life offering. Crescent gets 30% ownership plus a fee to lease and manage the 82%-occupied, 567,000-sf high-rise in the Galleria submarket.
SAN ANTONIO-Savvy spenders fleeing the stock market are checking out San Antonio and the state's third and fourth tier towns for buys in the $800,000 to $1.2-million range. There are far more spenders than product, says an investment sales exec.
SAN DIEGO-Del Mar Medical Imaging Inc. signs a seven-year lease and plans to move into its new office space at Champions of the West Tower in January 2003.
GARDEN GROVE, CA-Chase Partners buys the 40,151-sf Executive Plaza and will sell it to a buyer who will convert it to a center for labor unions. One buyer will acquire 12,000 sf of the building and another will purchase the remainder.