SSR Realty buys 38 buildings in Northeast and Florida.SSR (Scalable Sampling Rate) See AAC. SSR - Scalable Sampling Rate Realty Advisors, Inc. announced the acquisition, from the Starwood Urban, L.L.C. subsidiaries in the Northeast and Southeast, of a 38-property portfolio of central business district pedestrian and retail mixed-use properties in prime Northeast and Florida urban locations. The assets were acquired through two joint ventures: one with Madison Marquette, which will comprise the Northeast properties, and one with both Madison Marquette and Terranova Corporation, which will comprise the Florida assets. The $120.5 million purchase was made on behalf of Tower Fund, a core, open-end fund Open-End Fund A mutual fund that continues to sell shares to investors, and will buy back shares when investors wish to sell. Notes: Open-end funds have no limit to the number of shares they can issue. The majority of mutual funds are open end. managed by SSR Realty. The 399,122 s/f acquisition consists of infill urban retail and office properties in Wellesley, Mass. ; Norwalk, Conn.; New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. ; Coral Gables Coral Gables, city (1990 pop. 40,091), Miami-Dade co., SE Fla., SW of Miami; inc. 1925. Founded at the height of the Florida land boom, Coral Gables is a noted planned city, with tree-lined boulevards and Mediterranean-style buildings. , Fla.; South Beach, Fla. and condominium interests in Norwalk. Below are the high lights of the portfolio: The purchase in Wellesley of two mixed-use properties includes the home to Talbot's new flagship store. The properties are in the heart of the city's retail center. The Norwalk portfolio provides a critical mass of pedestrian retail and mixed-use properties within the city's stylish historic district known as SoNo (South Norwalk This article is about the SoNo neighborhood in Norwalk. For the SoNo district in Atlanta, see SoNo (Atlanta). For the band, see Sono (band). South Norwalk (also known as SoNo) is a neighborhood in Norwalk, Connecticut. ). Major tenants include Ocean Drive, SoNo Kids and Porterhouse. The acquisition includes an architecturally significant mixed-use building in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of City's Meat-Packing district, an area that in recent years has been transformed from a commercial area to an upscale neighborhood. The building is anchored by Scoop Clothing and the popular Hogs 'n Heifers Saloon. The Coral Gables assets, comprising eight pedestrian retail buildings, are located on the city's Miracle Mile Miracle Mile can refer to the following places:
The two office buildings in the South Beach community of Miami Beach are centrally located and have exceptional visibility. Major tenants include Mellon Bank, Sony and Hugo Boss. "This acquisition fits with Tower Fund's strategy to diversify further its retail holdings through the acquisition of pedestrian and mixed-use properties in urban areas," said Jay K. Alexander, managing director of the Tower Fund. "Furthermore, we like the strategy of growing the portfolio through strategic joint ventures, as both Madison Marquette and Terranova are highly competent retail operators." Madison Marquette, an affiliate of international investment firm Capital Guidance Corporation, oversees more than 24 million s/f of regional malls, specialty centers, neighborhood/community centers, urban villages and other retail and mixed-use properties throughout the United States. SSR Realty Advisors, Inc., a subsidiary of MetLife and an affiliate of State Street Research & Management Company of Boston, provides real estate investment management advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal to pension plan sponsors and other institutional investors. BlackRock, Inc. recently announced that it has entered into a definitive agreement under which BlackRock will acquire SSRM SSRM Scanning Spreading Resistance Microscopy SSRM State-Specific and Regional Migration (Australia) SSRM Strap-On Solid Rocket Motor (additional solid rocket motors to increase mass liftoff capacity) Holdings, the holding company of State Street Research & Management and SSR Realty Advisors, Inc. from MetLife. Closing is expected in early 2005. |
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