Business Specialties
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.
Southwall, Dow Corning Debut Glass Technology for CRE
Heat Mirror film provides an energy-efficient technology.
Kilroy Grabs 588,000 SF with $237.5M Purchase of Two West Coast Properties
The biggest catch of the two purchases is 100 First Plaza, a 466,000-square-foot office asset for which the REIT paid $191.5 million.
Ground Breaks on $520M Washington Marriott Marquis
Quadrangle Development Corporation and Capstone Development have just kicked off construction of the Washington Marriott Marquis, a 1,175-room property that will serve as the convention center hotel for Washington, D.C.’s 2.3 million square-foot Walter E. Washington Convention Center.
CWCapital Closes $388M Apartment Refinancing Package in Largest LIBOR SWAP Deal of 2010
Financing for the portfolio of luxury apartment properties, made available through CWCapital’s Agency Lending Group, came in the form of four cross-collateralized loans with 10-year terms.
Edge, HAIL Invest $254.8M for 49 Percent Stake in 1540 Broadway
Also known as the Bertelsmann Building, 1540 Broadway stands 42 stories tall in the heart of Times Square in Midtown Manhattan.
RealTech with Peter Boritz: How Can Augmented Reality Help You?
RDM president Peter Boritz offers insights on CPE’s From the Inside about how Augmented Reality and AR apps can benefit the real estate industry.