Business Specialties
JV Picks Up 1 MSF Chicago Office Tower in $350M Sale-Leaseback
In what’s being touted by industry leaders as Chicago’s largest office sale in 2012, the 1 million-square-foot office building at 540 W. Madison St. came under new ownership in a $350 million sale-leaseback transaction.
Griffin-American Healthcare REIT Continues Expansion with $184M in Acquisitions
The Griffin-American Healthcare REIT II more than tripled its portfolio in 2012 with acquisitions totaling $866 million, including 14 properties purchased in December for $184 million.
Aimbridge Hospitality Secures Management of 103 Former Jameson Hotels
Aimbridge Hospitality has has added 103 assets of former Jameson Inns, owned by Colony Capital.
JLL Nabs Dallas M-F Brokerage Firm
JLL has acquired The Apartment Group, a market-leading multi-family brokerage firm in Dallas.
C&W: Modest Gains Ahead in 2013 as U.S. Leads Global Investment
On the heels of an uneasy year, 2013 promises improved clarity of fiscal policy that will foster modest growth in investment, especially during the second half.
Lodging, M-F See Marked Increase in Construction Spending from Year-Ago Level
Hotel renovations and oil/gas booms cause spending on lodging construction to rise.
Microsoft Takes 200 KSF at 11 Times Square
Microsoft has committed to a big chunk of space at 11 Times Square with the signing of a new lease for 200,000 square feet at the state-of-the-art, 1.1 million-square-foot office and retail skyscraper.
Wells REIT II Acquires 657 KSF Office Tower in San Francisco
Wells Real Estate Investment Trust II has acquired 333 Market St., a 33-story Class A office tower in the heart of San Francisco’s financial district, for a reported $447 million from the Korean Federation of Community Credit Cooperatives.
Cassidy Turley Acquires Tampa-Based CLW Real Estate
With the acquisition of Tampa-based CLW Real Estate Services Group, Cassidy Turley has expanded its foothold in Florida and a handful of key markets from the West Coast to the East Coast in a single move.
Clarion Nabs $296M Financing for M-F Office Portfolio
Clarion Partners will have some hefty payments to make in the new year, now that a $296 million financing package for a 10-building, 1.6 million-square-foot portfolio of Class A office buildings it owns has been completed.