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Staff and Wire Reports

Staff and Wire’s Recent activity

Pension Fund To Invest In NYC Properties
Oct 20, 2003
New York City's biggest pension fund will invest up to $100 million in commercial properties located throughout Manhattan, Brooklyn and Queens. New York City comptroller William Thompson announced last Friday that the...
Report: Hotel Business To Receive Makeover Next Year
Oct 10, 2003
The U.S lodging industry will pour $3 billion into renovation projects next year, according to PricewaterhouseCoopers’ Hospitality & Leisure Practice. This spending surge is expected to match 1998 levels for...
Inland Buys Atlanta Area Mall for $172 Million
Oct 08, 2003
Inland Retail Real Estate Trust Inc. has bought Atlanta’s Fayette Pavilion for $172 million, or roughly $122 per sq. ft. The deal marks Atlanta’s biggest retail sale of the year. The Fayette Pavilion is the largest...
Pennsylvania Mall Sells for $20M
Oct 06, 2003
An 840,000 sq. ft. shopping mall in Harrisburg, Pa., has changed hands. Feldman Equities and joint venture partner Lubert-Adler Partners bought the Harrisburg East Mall from Prudential Insurance Co. of America. The...
Healthcare REIT Acquires 6 Million Sq. Ft. Portfolio
Oct 02, 2003
Health Care Property Investors Inc. (HCP) has bought interests in 113 medical office properties from MedCap Properties LLC. The acquisition — spread over three portions — will cost HCP $575 million...
Madison Marquette Acquires Bayfair Mall
Oct 01, 2003
Madison Marquette has purchased the 46-year-old Bayfair Mall, an 820,000 sq. ft. regional shopping center in San Leandro, Calif., approximately 20 miles southeast of San Francisco. The company plans to strengthen the...
Macklowe Buys GM Building For a Record $1.4 Billion
Sep 26, 2003
New York City developer Harry Macklowe now owns the General Motors Building after paying Conseco Inc. a record $1.4 billion for the 50-story midtown Manhattan office tower. Macklowe was one of nearly two dozen bidders...
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