American Realty Advisors Acquires Two Properties.Business Editors GLENDALE Glendale. 1 City (1990 pop. 148,134), Maricopa co., S central Ariz., adjacent to Phoenix; inc. 1910. It is located in a rich agricultural region irrigated by the Salt River project. Glendale has become one of the fastest-growing U.S. , Calif.--(BUSINESS WIRE)--March 11, 2004 American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Advisors announced today the acquisition of 18201 and 18401 Von Von. For some German names beginning thus, see under the proper name; e.g., for Otto von Bismarck, see Bismarck, Otto von. (Voice On the Net, Video On the Net) A trade show sponsored by pulver. Karman Drive on behalf of two of their pension fund clients. The Class A office buildings are well located less than one mile from John Wayne Airport John Wayne Airport (IATA: SNA, ICAO: KSNA, FAA LID: SNA) is located at 18601 Airport Way, Santa Ana, CA 92707. Other nearby cities include Newport Beach, Costa Mesa, and Irvine. in Irvine, Calif. Located in Orange County, 18201 and 18401 Von Karman are part of a three-building office complex centrally situated in one of the strongest office markets in the country. These high quality assets represent a combined 330,297 rentable square feet, with a tenant roster of 43 occupants that reflect Orange County's diversified diversified (di·verˑ·s economy. Built in 1983 and 1985, the buildings combine for a leased occupancy of 90%. American's research department has determined Orange County to be one of the top recovery office markets in the U.S. Strong positive net absorption that began in 2003 should continue as Orange County's financial and service sectors expand. With several housing developments currently underway (with more on the way), the Irvine area is now transitioning into a premier mixed-use urban center. The properties' high profile location in Irvine will be very attractive for today's office users who prefer a viable live-work destination. American's Managing Director of Portfolio Management, Scott Darling, commented: "These properties epitomize the type of investments that we are adding to our clients' core investment portfolios. They are Class A buildings located in a growing institutional market, have been well maintained, have a diversified tenant base with staggered lease terms, and will deliver stable cash flow over the holding period." American is actively acquiring well located assets throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. in anticipation of a strong economic recovery. American Realty Advisors is a leading provider of institutional real estate investment management services including acquisition, disposition, development, structured finance, and active asset management. With more than $1.6 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. , American has been creating customized investment strategies for public employee and corporate pension funds, endowments, foundations, and Taft-Hartley funds for over 15 years. The firm's nationwide portfolios include office, industrial, multi-family, and retail properties. American can be found online at www.americanreal.com. |
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