Business Specialties
Miami Herald Signs 158 KSF Lease to Relocate HQ
Eight months after The Miami Herald Co.’s Miami digs were sold in a short-term, sale-leaseback transaction, the newspaper has signed a long-term lease for the 158,300-square-foot former U.S. Southern Command headquarters at Westpointe Business Park in neighboring Doral, Fla.
Grubb & Ellis Acquire Nursing Homes for $30 million; Kimberly-Clark to Open Southaven Distribution Center
By Amalia Otet, Associate Editor Santa Ana, Calif.-based Grubb & Ellis Healthcare REIT II, Inc. has recently completed, through one of its affiliates, the acquisition of two nursing homes in the greater Memphis area for nearly $30 million. The company acquired the one-story Parkway Health & Rehab Center from Tennessee Property Associates, LP for $15.9 […]
1 Houston Center to Be Renamed LyondellBasell Tower Following 358 KSF Lease Extension
Following the signing of a 358,100-square-foot lease, LydondellBasell, a longtime tenant of 1 Houston Center, will see the building renamed the LydondellBasell Tower.
Morgan Group Refis Five Multi-Family Properties for $146M
The Morgan Group, a company focused on development, construction and property management of luxury multi-family properties, has arranged financing of $146 million on behalf of its affiliated investment partnerships.
Hines, DLF Ltd. Begin Construction on 800 KSF Office Space in New Delhi
Capitalizing on the increased need for both office and retail space, Hines has partnered with DLF Ltd. to begin construction on One Horizon Center, which will be located southwest of New Delhi in Gurgaon.
San Diego State Student Housing Refi'd for $56M Through AIG
Acting on behalf of AIG, Holliday Fenoglio Fowler has obtained a $56 million loan for Sterling Collwood, a premier student-housing property near San Diego State University.
JLL Adds to Tenant-Rep Side with Purchase of Australian Firm
Jones Lang LaSalle has acquired Sydney-based tenant advisory firm MPS Properties, adding approximately 43 million square feet of Australian office space to the company’s management rolls.
Studley, Boyd Execs Form D.C. Tenant-Representation Firm
Three real estate industry veterans have joined forces on the launching of a new services firm, Serten Advisors, designed to provide commercial real estate services exclusively to tenants in metropolitan Washington, D.C.
Lucescu Closes Phase Two of $166M Scottsdale Promenade Sale
In a $66 million deal that completes the second phase of the Scottsdale Promenade sale, Lucescu Realty has sold the Promenade Corporate Center to Excel Trust, a publicly traded REIT.
Marriott Buys NYC's Clock Tower for $165M, Plans New Luxury Hotel Brand
After acquiring New York City’s Clock Tower building at 5 Madison Ave. in 2007 for $200 million, Africa Israel USA has sold the property to Marriott International for $165 million.