Business Specialties
Tishman Speyer Snags 575 KSF Office Lease with French Government
Two French government agencies have signed a lease with Tishman Speyer for the entire 575,000-square-foot, 36-story Tour Esplanade office high-rise in the La Defense district just west of Paris.
Inland American Acquires Two Necessity-Based Shopping Centers for $95M
Inland American Real Estate Trust has purchased two necessity-based shopping centers in Oklahoma and Texas for a combined total of approximately $95 million.
Drexel University Signs 185 KSF Lease in Philly
In downtown Philadelphia’s largest office expansion deal of 2012, Drexel University has graduated from 67,000 square feet to 186,000 square feet at Three Parkway.
Meridian Closes New Real Estate Fund with $160M in DC Real Estate
The Meridian Group has proven that even in an uncertain economy, a lot of money can still be made in commercial real estate.
Related Breaks Ground on $120M Downtown LA Project
Related California has broken ground on a $120 million, 19-story, 271-unit apartment building in downtown Los Angeles’ Grand Avenue Project.
Shorenstein Buys Exxon Mobil Building; Hilton Westchase Also Gets New Owners
The downtown Exxon Mobil building recently traded hands, with San Francisco-based Shorenstein Properties now being its new owner. Shorenstein purchased the property for Shorenstein Realty Investors Ten, L.P., a fund formed in 2010 with $1.23 billion in committed capital. Along with the sale, former owner Exxon Mobil Corporation also leased back the entire building into 2015, when it plans to relocate to its new 385-acre corporate campus currently under construction north of Houston.
American Communities Grabs 515-Unit Dallas-Area M-F Property
American Communities, just eight months old, is wasting precious little time building up its metropolitan Dallas multi-family portfolio. The real estate company just acquired its fourth asset, the 500-unit Chaparral Creek apartment community in Irving, Texas.
Win Properties Refinances 56-Property National Retail Portfolio
Win Properties has refinanced a 56-retail property portfolio with ING Investment Management for $63 million.
Canadian REIT Buys $633M of U.S. M-F Assets
Morguard North American Residential Real Estate Trust, a Canadian-based REIT, is making inroads in the U.S. multi-family housing market in a big way by starting off the year with plans to buy $633 million in assets in seven states.
Sony Auctioning off Tokyo HQ, Part of Global Initiative to Raise Capital
Marking a growing trend among large companies, Sony Corp. is now putting up for sale one of its largest real estate properties.