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Parke Chapman

Parke’s Recent activity

Inland Picks Up Six N.J. Properties
May 20, 2003
Inland Real Estate Acquisitions Inc. has entered the New Jersey market, gobbling up six retail/mixed-use properties in the northern part of the state. Like other unlisted REITs that have been prolific buyers recently...
Networks Sign on for Tallest Lease in NYC
May 19, 2003
New York City’s tallest office tower had a flurry of leasing deals recently as several television and radio stations signed on as vertical tenants. Rather than occupying conventional office space, the broadcasters...
MBA: Another Record Breaker on Tap for Loan Originations
May 19, 2003
A whopping $3 trillion worth of mortgages will be written during this year, reports the Mortgage Banker’s Association of America. If the MBA is correct, this year’s total will eclipse last year’s record-breaking...
Cap Rates Continue To Wane, Reports Torto Wheaton
May 14, 2003
Analysts and investors have been concerned about an apparent disconnect between the real estate capital market and space-market fundamentals for many months. Vacancy continues to increase nationwide, but cap rates...
AIMCO Sells 1 Million Sq. Ft. of Multifamily Assets
May 14, 2003
Apartment Investment and Management Company (AIMCO) has divested more than 1 million sq. ft. of multifamily communities in four states. CB Richard Ellis negotiated the sale for the Denver-based REIT...
PREIT Buys Crown American
May 14, 2003
The consolidation of retail REITs continues. Pennsylvania Real Estate Investment Trust (PREIT) and Crown American Realty Trust today have entered into a definitive merger agreement, which will make PREIT one of the...
Nevada Power Center Trades for $54 Million
May 08, 2003
A Henderson, Nevada, retail center has sold for more than $50 million —the largest brokered retail transaction in Nevada history. Marcus & Millichap Real Estate Investment Brokerage Co. represented the seller...
Sears Debuts New Format in Utah
May 07, 2003
Sears, Roebuck & Co. will debut a new format at Utah’s largest open-air retail development. The Jordan Landing Shopping Center will encompass more than 1.4 million sq. ft. when it is completed early next year...
Pfizer’s Expansion to Boost Manhattan Economy
May 06, 2003
Drug maker Pfizer will infuse $1 billion into New York City’s ailing economy via the acquisition of a major midtown office building and the subsequent creation of thousands of jobs. The announcement marks the largest...
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