Business Specialties
Ground Breaks on $220M Rehab Facility at Boston’s Charlestown Naval Yard
Integrated health care system Partners HealthCare is behind the development, which will yield a 240,000-square-foot building to replace the existing 40-year-old rehab center on Nashua Street.
Nike’s 189,400-SF Lease Reduces Portland Submarket’s Office Vacancy Rate
Nike Inc. has signed on for approximately 189,400 square feet in a deal that constitutes the largest new office lease in Beaverton’s Sunset Corridor in the last decade.
HFF Arranges $80M in Financing for New York’s Puck Building
Listed on the National Register of Historic Places, the Puck Building was originally built in 1885 and was the headquarters of satire publication Puck Magazine.
AMB Inks Leases on 124,700 SF at Beacon Lakes Building
The building is located at Beacon Lakes, a joint venture of AMB and Flagler. It sits on 478 acres west of Miami International Airport and northwest of the intersection of State Road 836 and the Florida Turnpike.
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.