Allison Landa
Kennedy Wilson Gets $100M Commitment from Fairfax
Calling it “the single greatest event in Kennedy Wilson’s history thus far,” Kennedy Wilson chairman and CEO William McMorrow on Wednesday announced that the company had secured a stock purchase agreement with Toronto-based Fairfax Financial Holdings Ltd.
Canada’s Chartwell Buys JV Partner’s Half of U.S. Seniors Housing Portfolio for $110.5M
Mississauga, Ont.-based Chartwell Seniors Housing Real Estate Investment Trust can claim full ownership of a six-property senior housing portfolio in the U.S. now that the company has closed the $110 million acquisition of its joint venture partner’s 50 percent ownership stake in the high-quality assets.
JLL Completes Two Downtown LA Leases Totaling 69,000 SF
Murchison & Cumming, L.L.P. has signed a 10-year, 42,162-square-foot lease renewal at 801 South Grand Ave., while Ogletree Deakins Nash Smoak & Stewart, P,C. has signed a 10-year, 26,924-square-foot lease at the Mellon Bank Center at 400 South Hope Ave.
Medical Properties Trust Enters New $450M Credit Facility
The new credit facility provides for 3.5-year revolving loans up to $300 million at 300 to 375 basis points over LIBOR.
Economy Watch: Housing Starts Pick Up, Permits Go Down
Annualized single-family housing starts totaled 593,000, or 10.2 percent more than the revised March figure.
Ground Broken on Nuclear Regulatory Commission’s $131M Office Building in Suburban D.C.
There’s nothing like having the federal government as a tenant to keep a development project on track.
Law Firm Proskauer Inks 400,000 SF Times Square Lease – Largest in Midtown Manhattan in Two Years
In what may be a continuing trend of companies taking more space as a recovery gains solid footing, global law firm Proskauer has signed a lease for more than 400,000 square feet at 11 Times Square in midtown Manhattan.
Economy Watch: More Mortgages Modified in April, Some Backslide
According to the U.S. Department of the Treasury on Monday, about 295,000 borrowers have been granted permanent mortgage modifications since the beginning of the Making Home Affordable Program.
Will Tenant Demand Spur LEED EB Building Certification?
https://blog.commercialsearch.com/news/2010/04/28/will-tenant-demand-spur-leed-eb-building-certification/
Skanska Tapped for $115M Seattle Road Construction
The Swedish development and construction firm will build the $115 million Alaskan Way Viaduct in Seattle, a 0.8-mile stretch on the southern section of the Alaskan Way on the State Route 99 bypass in downtown Seattle.