Business Specialties
Capital Markets Chair Ousted in Election
As part of the many high-profile ejections in the elections, Democratic Rep. Paul Kanjorski was ousted by Republican Lou Barletta in Pennsylvania’s 11th District. Kanjorski, a House veteran of more than a quarter century, was an advocate of establishing a federal insurance office and authored significant parts of the Wall Street reform bill.
Salesforce.com Pays $278M to Develop 2 MSF San Francisco HQ
The enterprise cloud computing company has just closed its purchase of 14 acres in the Mission Bay neighborhood.
HFF Closes $44M Refinancing for Manhattan Retail Condo
The refinancing is on a retail condominium at 599 Broadway in Manhattan’s SoHo area.
AOL to Pocket $144.5M from CB Richard Ellis Deal
The Internet services provider will sell its 700,000-square-foot Pacific Corporate Park as well as 22 acres of developable land.
Economy Watch: Foreclosures Going Strong in 3Q
Foreclosure slowdown? What foreclosure slowdown? That’s the takeaway from Thursday’s third quarter 2010 Metropolitan Foreclosure Market Report by foreclosure specialist RealtyTrac.
Half-Billion in Financing Closes for 880,500-SF Government-Leased Portfolio
Funding, part of which was actually completed in late 2009, for the four-property portfolio comes in the form of a $271 million construction loan and $256 million in permanent financing.
Government Takes LEED Certification Commitment Up a Notch
In an ongoing effort, dictated by President Obama to increase the federal government’s environmental friendliness, the U.S. General Services Administration has raised the sustainability standard for new government-owned real estate by pushing up the minimum requirement for all new building construction from LEED Silver to LEED Gold.
AMB Leases 127,000 SF of Mexican Development Portfolio
The space is located at the AMB Los Altos Industrial Park in Guadalajara.
Novartis to Shell Out $600M for Cambridge Research Headquarters Expansion
Cambridge, Massachusetts’ biggest employer is about to get even bigger.
DPR Breaks Ground on 230,000-SF Alta Bates Patient Care Pavilion in Oakland
Slated for completion in early 2014, the $350 million building will house 238 medical/surgical and acute rehabilitation beds.