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Transactions

Sep. 9, 2005

DAILY DEALS -- Transactions for Sept. 8

OFFICE ONTARIO - CIP Real Estate, in a joint venture with an affiliate of Guggenheim Real Estate, purchased Empire Towers from the existing ownership structure of CIP Real Estate and South Charles Investment Corp. for $61 million. CIP represented itself in the transaction. Empire Towers is an office featuring one nine-story Class A building, Empire Towers I, and twin three-story Class A buildings, Empire Towers II and III, totaling 323,000 square feet.

        OFFICE
        
        ONTARIO - CIP Real Estate, in a joint venture with an affiliate of Guggenheim Real Estate, purchased Empire Towers from the existing ownership structure of CIP Real Estate and South Charles Investment Corp. for $61 million. CIP represented itself in the transaction. Empire Towers is an offi...

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