TORONTO-The Toronto-based REIT forms a limited partnership with the Ontario Municipal Employees Retirement System and the Teachers Insurance and Annuity Association - College Retirement Equities Fund that will buy, fix and sell under-performing shopping centers in Canada.
SAN ANTONIO, TX-T REIT Inc. sells the grocery-anchored Thousand Oaks Mall in San Antonio $15.8 million, or $2.8-million more than it paid to acquire it in at the end of 2000. The buyer was Weingarten Realty Investors.
TORONTO-The Canadian public company, which is liquidating all assets except its interest in Trizec Properties Inc., sells the Olympia Centrum retail center in Brno and a development site located outside Prague in separate transactions totaling $24 million.
SAN FRANCISCO-The software maker is acquiring the historic Baker & Hamilton building and two adjacent properties near its existing leased headquarters in the South of Market area for $55 million.
MEXICO CITY-Prudential Real Estate Investors and Latin American housing developer Corporacion Geo launch a joint venture by acquiring 136 acres in Mexico City and 71 acres in Acapulco that will be developed into more than 5,000 units of housing.
TUALATIN, OR-Crate & Barrel commits to opening its first Oregon store at the planned $150-million development that would fill the 29-acre former Durham Quarry next to Interstate 5 here with 680,000 sf of office and retail space. The developers' next hurdle is a Sept. 8 City Council hearing to decide the voracity of several appeals.
BRISTOL, CT-Blue Devil Realty Inc. acquires Bristol Farms Plaza, a 150,000-sf strip center that is 90% leased. Tenants include Big Lots, Marshalls, Sears Hardware and JoAnn Fabrics.
SEATTLE-The 45,000-sf Lander Station Business Park, the 38,000-sf J.H. Carr warehouse and an 8,000-sf owner-user building also in Georgetown sell for a combined $10 million.
SAN JOSE, CA-While apartment rents and sales prices will slip further over the next 12 months, the decreases will be minimal compared to the massive reductions in recent years, according to the latest apartment report from Marcus & Millichap.