Business Specialties
Colliers Nails Down 100K SF Midtown Manhattan Leasing Expansion, Renewal
Under the terms of the lease, Loews will be located on the fourth through eleventh floors of the building.
Sold for $500M in 2007, Inimitable Eight-Acre Beverly Hills Parcel Trades for $148.3M
Joint Treasure, a global real estate-focused private equity firm representing major family investors, made the 9900 Wilshire purchase on behalf of three of its consortium partners: Hong Kong’s Chow Tai Fook Group, the Wee Cho Yaw Family Group of Singapore and David Chiu of Hong Kong’s Far East Consortium International Ltd.
Bandolik Returns to Deloitte, Joining Growing Distressed Debt and Asset Practice
Hired as a director with Deloitte Financial Advisory Services L.L.P., Bandolik contributes a background in real estate investment, accounting, investment banking, capital fundraising and debt placement, a combination of skills he views as ideal for advising investors, borrowers and lenders in today’s difficult economy.
Lennar Wraps Up $740M Acquisition of Distressed Real Estate Assets
All told, 35 percent of the assets are commercial, with the remaining portion accounting for residential assets. The financing portion of the portfolio includes a group of 397 loans consisting predominantly of non-performing residential and commercial acquisition, development and construction loans.
Boston Properties to Grab the 1.7 MSF John Hancock Tower in Boston for $930M
The John Hancock Tower’s price tag of approximately $289.5 million in cash and the assumption of a $640.5 million senior mortgage loan with a 5.68 percent fixed rate constitutes quite a discount, considering that the property traded in 2006 for $1.3 billion.
CoreNet Global Report: Randy Smith on Workplace Strategies
Oracle Corp.’s Randy Smith speaks from CoreNet’s Fall Summit on real estate solutions that maximize space and keep employees happy.
CoreNet Global Report: Lee Utke Says Space Matters
Lee Utke, director of global corporate real estate for Whirlpool Corp. and chairman of CoreNet Global, comments from the CoreNet Global Summit on space strategies and maintaining balance between corporate and employee needs.
Balfour Beatty JV Wins Contract for $1.2B Army Data Center Project in Utah
Securing a government development deal usually means big bucks, and such is the case for a joint venture involving Balfour Beatty Construction, DPR Construction and Big-D Construction.
Manulife Enters San Francisco with $265M Purchase of 770,000-SF Market Center
Both structures feature ground-level retail space and sit just across from a Bay Area Rapid Transit system station.
HFF Closes $35M Mezzanine Loan for Mutual Life
The property consists of 1.2 million square feet of Class A office space in Midtown Manhattan, occupying an entire block.