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Mack-Cali Refinances Unsecured Revolving Credit Facility

remstaff &Globe Street | October 01, 2002

CRANFORD, NJ-The REIT's $600 million refinancing, expandable to $800 million, was arranged by J.P. Morgan Securities and Fleet Securities. Fourteen banks are participating.

$10M Financing Arranged for Industrial Property

remstaff &Globe Street | October 01, 2002

JERSEY CITY, NJ-A life insurance company provided the money for the 180,308-sf Hartz Mountain Industries-owned property in a transaction arranged by HFF.

Self-Storage Facility Sparks Bidding War, Sells for $3.7M Cash

remstaff &Globe Street | October 01, 2002

MESA, AZ-The 55,000-sf complex delivers in May and sells in late September after pushing its rented area to 54%. The Augusta Ranch Self Storage's big draw is that it sits in the midst of retail development.

Plans for Domed Stadium Reuse Mulled

remstaff &Globe Street | October 01, 2002

PONTIAC, MI-City attorneys are now reviewing four proposals to renovate the Silverdome, with one of an original five eliminated because a good faith check was not tendered. Plans should become public next week

Century, Crescent Dueling for Enron Center South

remstaff &Globe Street | October 01, 2002

HOUSTON-GlobeSt.com has been told Century Development has "upped the ante" and is well positioned to win the 1.2-million-sf Enron Center South. What started out as a five-firm face-off is down to two in a bidding war predicted to last through week's end.

Inland Pays $89 per SF for Wilson, NC Shopping Center

remstaff &Globe Street | October 01, 2002

ATLANTA-The Oak Brook, IL-based retail REIT continues its shopping spree by picking up the 74,000-sf, 96%-leased Forest Hills Shopping Center from Atlanta-based IRT Property Co. for $6.6 million. IRT says it is negotiating more sales this year.

The Plaza in Boca Extends $2.56M in Leases

remstaff &Globe Street | October 01, 2002

MIAMI-Law Management II Inc. signed on for another seven years, and Vanguard Corp. of America expanded and signed for four more years in the 11-story, 145,000-sf, 84%-occupied building.

Las Vegas Complex Fetches $3.9M

remstaff &Globe Street | October 01, 2002

LAS VEGAS, CA-Carson Avenue Partners acquires the property, Park Avenue Apartments, which consists of 154 multifamily units and a ground-level retail market. The complex was 65% occupied at the time of sale.

$113M Loan for Health Care REIT

remstaff &Globe Street | October 01, 2002

NEWPORT BEACH, CA-Health Care Property Investors Inc. closes the $112.75 million secured loan and announces new investments totaling $18 million. The deals are part of a previously announced transaction with American Retirement Corp.

Chelsea Pays $89.5M for Two Outlet Malls

remstaff | October 01, 2002

CHICAGO-New Jersey-based Chelsea increases its presence in the Upper Midwest with the acquisition of two outlet malls, one in the Twin Cities market, another that serves the Milwaukee and Madison metro areas.

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Mack-Cali Refinances Unsecured Revolving Credit Facility

$10M Financing Arranged for Industrial Property

Self-Storage Facility Sparks Bidding War, Sells for $3.7M Cash

Plans for Domed Stadium Reuse Mulled

Century, Crescent Dueling for Enron Center South

Inland Pays $89 per SF for Wilson, NC Shopping Center

The Plaza in Boca Extends $2.56M in Leases

Las Vegas Complex Fetches $3.9M

$113M Loan for Health Care REIT

Chelsea Pays $89.5M for Two Outlet Malls

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