Barbra Murray
Miller-Valentine Wins Two Portfolio Contracts from Iron Mountain
Miller-Valentine Group has been tapped by Iron Mountain Inc. to serve as general contractor for the information management service provider’s portfolio of facilities in the Mid-South and Ohio Valley regions.
DivcoWest Flips 354 KSF San Francisco Office Building
DivcoWest has entered into an agreement to sell 1275 Market St., a 354,000-square-foot office building in San Francisco, to Dolby Laboratories Inc. in a transaction valued at $109.8 million. Dolby will occupy the office tower in its entirety.
Construction Starts on $172M Marriott Tower in Downtown L.A.
Encompassing Marriott’s Courtyard and Residence Inn brands within a single 23-story tower, the $172 million project will target visitors to the Los Angeles Convention Center when it opens in the summer of 2014.
Younan Continues to Trim Leverage with Sale of Houston Asset
Prior to selling 1700 West Loop South in Houston, Younan Properties Inc. had sold $400 million worth of properties and reduced its leverage by 30 percent over the past year.
In $770M Deal, DEXUS Sells 16.7 MSF Industrial Portfolio to Blackstone
Affiliates of Blackstone Real Estate Partners VII picked up the 68 assets in what is being touted as the largest industrial portfolio transaction in the U.S. so far this year.
Brandywine-Allstate JV Takes Suburban D.C. Portfolio for $120.6M
The joint venture will acquire the three-building asset in Silver Spring, Md., from Urdang’s Value-Added Fund II and Moore & Associates.
424,000-SF Lease in Place for Suburban Boston BTS
Green Mountain Coffee Roasters Inc. has signed a 424,000-square-foot lease with Gutierrez Co., effectively paving the way for development of its build-to-suit office and R&D facility at the Burlington Research Center in the suburban Boston town of Burlington.
Manhattan Apartment Property Fetches $280M
JD Carlisle L.L.C. and DLJ Real Estate Capital Partners L.L.C. have just pocketed $280 million on the sale of The Beatrice in New York City’s Chelsea neighborhood to Equity Residential.
American Realty Capital Closes Purchase of 21 Net-Leased Properties
American Realty Capital Properties Inc. has added 21 single-tenant properties to its rapidly growing portfolio of net-leased assets. The $26.2 million price landed an aggregate 300,000 square feet of office and retail space across 10 states.
Cassidy Turley Wins 895 KSF Management Contract
Cassidy Turley has landed the 894,000-square-foot management contract for Chevy Chase Pavilion, a mixed-use project in Washington, D.C.