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CBRE Acquires 369 KSF of Dallas-Area Buildings
Everything’s bigger in the Lone Star State, and so goes a recent transaction between Equity Office Properties Trust and a CBRE Global Investors Fund, which bought two Class A office buildings in North Dallas totaling 369,000 square feet for an undisclosed amount.
CNN’s DC Home Trades for $107M
The 298,500-square-foot office building at 820 First St. in the northeast sector of Washington, D.C., has come under new ownership.
Phillips Edison–ARC REIT Buys 157 KSF Grocery-Anchored Center in Metro Cleveland
Phillips Edison–ARC Shopping Center REIT has acquired Brook Park Plaza, a 157,000-square-foot shopping center anchored by a Giant Eagle grocery store in Brook Park, Ohio, a suburb of Cleveland.
CREW Special Report: Excellence Awards Presented to ‘Incredible’ Women in CRE
The Commercial Real Estate Women Network awarded its Impact and Circle of Excellence awards yesterday evening during the 2012 CREW Network Convention and Marketplace held in Chicago.
Hines, Boston Properties, Kilroy to Build Two Office Towers Near San Francisco’s Transit Center Project
Hines has formed a JV with Boston Properties for the development of a 1.4 million-square-foot high-rise and Kilroy Realty Corp. just announced that it will build a 400,000-square-foot tower.
Thor Equities Refinances Chicago’s Palmer House Hotel for $365M
Chicago’s historic Palmer House Hilton luxury hotel has been refinanced by owner Thor Equities to the tune of $365 million, it was announced Wednesday by Jones Lang LaSalle, which arranged the floating-rate financing package.
JV Nabs $430M Times Square Gateway Development Site
Construction of the first mixed-use development in Times Square in 25 years can move ahead now that a joint venture of Maefield Development, Infinity Urban Century, The Witkoff Group and New Valley has completed the $430 million acquisition of the site.
LEI, Partners Launch Venture with Purchase of 191 KSF Office Tower in Thriving Denver Locale
Lowe Enterprises, The Guardian Life Insurance Company of America and a subsidiary of Allstate Insurance Co. introduced their new venture with the acquisition of Alamo Plaza.
Archstone Buys 167 KSF M-F Property in L.A. Area
Decron Properties sold the 167,000-square-foot, mixed-use apartment complex to Archstone for approximately $44 million.
SJP Properties Breaks Ground on $500M Redevelopment of Historical The Modern
SJP Properties will officially break ground today on the redevelopment of the infamous The Modern site, which dates back to the 1900s and includes uses for silent films, bribery scandal involvement and Helmsley ownership.