Business Specialties
ACQ Makes $24M Equity Purchase of Atlanta’s Vinings Main
Rosemont, Ill.-based ACG Equities has made a 100 percent equity purchase of Atlanta’s Vinings Main mixed-use commercial and residential condominium development, which fell into foreclosure last December.
Responding to Demand, Denver-Area Children’s Hospital Kicks Off $230M Expansion
The expansion will address a demand that has been on the rise since 2007, when the hospital opened its new location at the 227-acre Anschutz Medical Campus, a recently developed education, research and patient care complex.
Microsoft Leases 113,000 SF at One Cambridge Center
The lease is part of the expansion of Microsoft’s New England Research & Development Center in Kendall Square. Cambridge Center’s owner and developer is Boston Properties, Inc.
Wilson Wraps Up 2 Million SF in Leasing Assignments for 2010
The largest leases include the 487,370-square-foot Commons at Quartz Hill in Lancaster, California, the 218,503-square-foot Crossroads at 395 in Victorville, California and the 224,783-square-foot Granada Village in Granada Hills, California.
Healthfirst Signs 172,600-SF HQ Lease at SL Green’s Church Street Building in Manhattan
Under a 20-year lease agreement, Healthfirst will maintain its headquarters on four floors at the 21-story building at 100 Church Street, downtown. The property has been in SL Green’s portfolio since January of this year when the REIT became sole owner on the heels of a foreclosure of the senior mezzanine loan on the building.
Colin Dyer: Good Recessions and Global Growth
Jones Lang LaSalle’s Colin Dyer talks about global growth and the benefits of the Staubach Co. acquisition.
Grubb & Ellis Healthcare REIT Nails Down $25M BofA Credit Facility
The credit facility, which matures on July 19, 2012, may be extended at the option of Grubb & Ellis for an additional year upon certain conditions. It bears interest at a rate equal to LIBOR plus 3.75 percent or 5 percent, whichever is greater.
Pembrook Provides $47M Recapitalization Loan for NYC Condos
The condominiums have been completed and 26 of 54 units sold. The loan was closed within three weeks from the date the owners signed the loan application.
10-Year Energy Retrofit Program Would Save Commercial Buildings $41.1B Annually
The green movement is still strong, but most owners and managers of commercial buildings over 10 years old are missing out on a great money-saving opportunity, according to Pike Research’s “Energy Efficiency Retrofits for Commercial and Public Buildings” report. If the commercial property sector were to follow a 10-year energy retrofit agenda, it could ultimately reap over $41.1 billion in savings each year.
Kiva Takes 163,000 SF in Massachusetts
David Pergola and Jason Levendusky of CB Richard Ellis represented Divco West and Taurus, while Brooks Murphy and Sean Lynch of Jones Lang LaSalle represented Kiva.