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Stockholders Approve New York REIT Liquidation Plan
NYRT will use a $760 million facility from Credit Suisse to repay previous debt, purchase Worldwide Plaza and fund the REIT’s dissolution.
Iconic Downtown LA Office Building Commands $336M
The 48-story Citigroup Center was developed by Rockefeller Group and designed by noted architectural firm AC Martin Partners.
JCPenney HQ Trades in Sale-Leaseback Deal
Dreien Opportunity Partners paid $353 million to acquire the 650,000 square feet of Class A office space within the master-planned Legacy Business Park.
PAC Buys Atlanta Trophy Office Tower
Three Ravinia, a 31-story building in the Central Perimeter, was developed by Hines in 1991.
Brennan Sells Prime Windy City Warehouse
Morgan Stanley is the new owner of the 140,000-square-foot industrial facility at 1780 Birchwood Ave.
Financing Arranged for Brooklyn Office Building
Meadow Partners used the $50.2 million loan to acquire and renovate the six-story property at 57 Willoughby St.
Historic VA-Leased MOB in Baltimore Sells
The medical office building in the Lexington Market/Inner Harbor area of Baltimore sold for nearly $180 per square foot.
NYC Garment District Office Property Commands $108M
ATCO Properties & Management acquired the 18-story Class A office building from the RPW Group.
$90M Construction Financing Earmarked For NYC Office Building
Vornado Realty Trust and Aurora Capital Associates have a 20-year lease agreement with Starbucks to open its largest location yet at the new Midtown South property.
Hines Cashes Out Nicely on Seattle Data Center
Hines Global REIT sold KOMO Plaza for about $276 million to a San Francisco-based buyer.