Business Specialties
Houston's Hess Tower Taken for $442.5M
Carrying a sale price of $442.5 million, Houston’s Hess Tower was just picked up by H&R Real Estate Investment Trust from Trammell Crow Co. and Principal Real Estate Investors.
Equity One Sells 36 Shopping Centers for $473M to Blackstone
Continuing its capital-recycling strategy and the refocusing of its portfolio, Equity One has completed the sale of a 3.9 million-square-foot shopping-center portfolio to Blackstone Real Estate Partners.
Hines Spends $160M on Seattle's Fisher Plaza, Nets New Data-Center Capabilities
Fisher Media Services has finalized the $160 million sale of Fisher Plaza, a two-building office complex in Seattle, to Hines Global REIT.
SL Green Gets $86M Loan for Stamford's Landmark Square
SL Green Realty Corp., with Cushman & Wakefield Sonnenblick Goldman acting as its adviser, just received an $86 million senior mortgage for Landmark Square in Stamford, Conn.
PS Business Parks Buys $520M NoCal Industrial Portfolio from RREEF
PS Business Parks has purchased an 18-site Northern California industrial portfolio from RREEF America REIT II and its affiliate Northern California Industrial Portfolio for an aggregate $520 million.
First Wind Secures $210M in Financing for Wind Project in Washington State
Lenders are warming up to the alternative-energy market, as evidenced by the $210 million financing package First Wind just acquired on behalf of its subsidiary, Palouse Wind L.L.C.
CPE TV: Beyond Redevelopment
States under fiscal duress are rethinking traditional urban redevelopment models. In California the Redevelopment Agency system is, barring state supreme court reversal of earlier decisions, expected to virtually disappear. An Urban Land Institute panel of experts discusses how cities, developers and investors will operate in a post-RDA world.
Kennedy Wilson, Equity Partners Complete Five-Building L.A. Office Portfolio
Kennedy Wilson, along with its equity partners, has wrapped up the acquisition of a five-property office portfolio in metropolitan Los Angeles for a total of $143.5 million.
Manulife Enters NYC Office Market with $285M Jersey City Buy
Manulife Real Estate has picked up the 30-story, 748,000-square-foot 10 Exchange Place in Jersey City for $285 million from Atlanta-based Invesco.
CBRE Sells Jersey’s Met Center to KBS REIT Affiliate for $105M
CBRE Group Inc. has sold the 421,000-square-foot Metropolitan Center in East Rutherford, N.J. for $104.9 million to an affiliate of KBS Real Estate Investment Trust II.