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ELIZABETH, NJ-The 13-story, 26-year-old senior-housing complex, comprising nearly 200 units, is owned by an affiliate of Marshall & Moran. The refinancing was achieved under recent HUD regulations.
WINDHAM, NEW HAMPSHIRE-Emmes Capital, a wholly owned subsidiary of Emmes & Company, LLC, a real estate investment and asset management firm, sells a housing development located 30 miles from Boston to Eric Nickerson for $3.5 million.
TUCSON, AZ-General Growth Properties spends $180 million to enlarge its retail footprint in Tucson in a deal that puts $73 million in cash into the coffer of Forest City Enterprises. Projections call for Tucson Mall to generate $15 million in NOI in 2002.
BREA, CA-The furniture retailer, which filed for bankruptcy last month, shutters more than two dozen stores across the US. Another 15 will go within the next several weeks.
LONDON-A new survey by DTZ has found property investors more willing than ever to consider investing overseas. But most players prefer to establish joint ventures in the destination country rather than go it alone.
ISSAQUAH, WA-It's a nice piece of land, and the WSDOT would love to unload the surplus. But the city says infrastructure limitations could push development of the 145 acres well off into the future, so let the buyer beware.
CAREFREE, AZ-Guardian Technologies' subsidiary Palo Verde has laid out $800,000 for 100 acres in Wyoming and five acres in Colorado. One is ticketed for two equestrian ranches and the other, retail and commercial projects. Guardian's homeport is Carefree.
SAN DIEGO-PriceSmart Inc. has entered into a lease agreement for property in the U.S. territory of Guam, where PriceSmart will open a membership-shopping store next year.
DENVER-In 1999-2000, 32 net leased properties valued at more than $500,000 were sold while in just the first quarter of 2001 alone there have been half as many such sales.