Business Specialties
PwC Leases 209,000 SF in Long-Vacant Silicon Valley Office Building
Dust away the cobwebs at the Sobrato Building in the Silicon Valley city of San Jose. PricewaterhouseCoopers L.L.P., or PwC US, has staked a claim to more than half of the 380,000-square-foot office tower, which has sat vacant since its 2002 completion.
Grubb & Ellis 2011 Forecast: Slow Clearing
A steady, though often grindingly slow, recovery, improved access to capital and vexing valuation challenges await in 2011, according to Grubb & Ellis Co.’s industry forecast.
$80M Charleston Place Loan One of This Year’s Largest Single-Asset Financings
According to real estate investment banking firm Sonnenblick-Eichner Co., which orchestrated the loan on behalf of Orient-Express Hotels Ltd., the deal marks one of the largest single asset bank financings for a hotel property year to date.
With BRAC Calling, Ground Breaks on $60M Office Project Near Baltimore-Area Army Base
The construction of Aberdeen Corporate Park, a 265,900 square-foot mixed-use office complex near the U.S. Army’s Aberdeen Proving Ground in Aberdeen, Md., has gotten underway.
Ground Breaks on $300M George W. Bush Presidential Center in Dallas
Designed by celebrated architect Robert A.M. Stern, the Bush Center will mark the country’s 13th presidential complex.
Gulfstream to Spread its Wings in Savannah with $500M Expansion
The company will execute its multifaceted development endeavor over a period of seven years.
CBS Inks 70,500-SF Lease with Dorsey & Whitney at New York’s Black Rock Building
Dorsey & Whitney is relocating its previous offices at 250 Park Avenue. It will occupy the eighth through 10th floors at Black Rock.
Apollo Buys Citi Property Investors
While the deal’s financials are not being released, Citi had more than $3 billion in assets under management as of June 30. Apollo and Citi signed a purchase agreement in May.
Financing Closes for Chicago’s $125M Radisson Blu Aqua Hotel
Acting on behalf of Magellan Development Group L.L.C. and Carlson Hotels, commercial real estate services firm Holliday Fenoglio Fowler orchestrated $66 million in financing for the development of the upper upscale Blu Aqua Hotel in downtown Chicago’s 82-story mixed-use Aqua Tower.
Brookfield Nails Down $800M Refinancing for Manhattan’s 245 Park Ave.
The Bank of China has provided Brookfield Office Properties with one of the largest recent loans in Manhattan.