Business Specialties
Macy's Signs 243 KSF Office Lease in San Francisco
Macys.com, the e-commerce-division of Macy’s Inc. department store, has just signed a lease with a joint venture involving TMG Partners and Rockwood Capital to occupy 242,600 square feet at 680 Folsom St. in San Francisco.
Hersha Hospitality Trust Picks Up Philadelphia's Rittenhouse Hotel
The Rittenhouse Hotel in Philadelphia, the premier 111-room lodging destination on the city’s celebrated Rittenhouse Square, became Hersha Hospitality Trust’s first purchase of the year for the sum of $42 million.
Inland Real Estate Expands Portfolio
By Gabriel Circiog, Associate Editor Inland Real Estate Corp. announced the acquisition of two retail properties in the Minneapolis market. IRC, through a joint venture with PGGM, bought Silver Lake Village, a grocery-anchored community center situated in the dense urban inner-tier suburb of St. Anthony. The center has a total of 159,303 square feet of […]
Mixed-Use Buckhead Place Development in Atlanta Gets $50M Refi
Buckhead Place, a mixed-use development in the Buckhead submarket of Atlanta, has just seen a $50 million permanent financing arranged by CBRE’s capital markets team, which represented the development’s owner, Buckhead Place L.L.C.
Kilroy Realty Buys Bay-Area Office Park for $162M
Kilroy Realty Corp. of Los Angeles has purchased Menlo Corporate Center in Menlo Park, Calif., for approximately $162.2 million. The seven-building, 374,000-square-foot park is 79 percent occupied by 10 tenants.
San Marcos High School Honored for Green Design and Planning
By Gabriel Circiog, Associate Editor The San Marcos Unified School District has been honored by the Coalition for Adequate School Housing (C.A.S.H.) and the American Institute of Architects California Council (AIACC), for the green design and planning of the San Marcos High School. Designed by San Diego-based school architecture firm, LPA Inc., the $180 million […]
Mortgage Bankers Roundtable, Part II: Taking Stock of Today's Financing Conditions
In this second part of CPE’s 2012 Mortgage Bankers Roundable, top commercial real estate finance executives address interest rates, underwriting standards, CMBS and the future of Fannie and Freddie.
Spinnaker Begins Residential Phase of $250M St. Louis Development
Spinnaker Real Estate Partners takes the next step toward the completion of the $250 million, mixed-use Mercantile Exchange project in St. Louis, Mo., with the opening of Laurel Apartments, a 205-unit luxury residential community.
N.S.P. Ventures Purchases 236 KSF U.S. Mint Facility in D.C. for $148M
Japan-based N.S.P. Ventures has acquired 801 Ninth St., N.W., in Washington, D.C., a 236,000-square-foot building occupied in its entirety by the U.S. Mint, from the Netherlands-based Wereldhave USA for $147.5 million.
American Realty Capital Trust Goes Public, Lists on NASDAQ
Looking to “unlock the value of the company” for shareholders, American Realty Capital Trust Inc., the flagship REIT of a New York investment firm, began trading Thursday on the NASDAQ Global Select Market as a publicly traded, triple-net-lease REIT.