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UDR JVs with Kuwait Finance House on $154M D.C. Apartment Buy
UDR Inc. and joint venture partner Kuwait Finance House continue to augment their Washington, D.C.-area apartment portfolio with the $154 million acquisition of 1301 Thomas Circle.
Duke Realty Buys 1.4 MSF of Industrial, 98 Acres of Land in Dallas
Courting two different sellers is no easy task, but Duke Realty Corp. has announced this week that it has done just that, adding two industrial properties in the Dallas area to its portfolio that total 1.4 million square feet.
Houston's Hess Tower Taken for $442.5M
Carrying a sale price of $442.5 million, Houston’s Hess Tower was just picked up by H&R Real Estate Investment Trust from Trammell Crow Co. and Principal Real Estate Investors.
Economy Watch: 3Q GDP Revised Down, but Current Employment Picture Improves
The number of Americans applying for unemployment benefits dropped to 364,000 last week, and there appears to be optimism for the fourth quarter. The payroll-tax standoff ended with a whimper yesterday.
Hines Spends $160M on Seattle's Fisher Plaza, Nets New Data-Center Capabilities
Fisher Media Services has finalized the $160 million sale of Fisher Plaza, a two-building office complex in Seattle, to Hines Global REIT.
SL Green Gets $86M Loan for Stamford's Landmark Square
SL Green Realty Corp., with Cushman & Wakefield Sonnenblick Goldman acting as its adviser, just received an $86 million senior mortgage for Landmark Square in Stamford, Conn.
PS Business Parks Buys $520M NoCal Industrial Portfolio from RREEF
PS Business Parks has purchased an 18-site Northern California industrial portfolio from RREEF America REIT II and its affiliate Northern California Industrial Portfolio for an aggregate $520 million.
Economy Watch: Existing Home Sales Up in November
The NAR reported that existing home sales rose again in November compared with October. BoA has agreed to pay the government $335 million to settle allegations that Countrywide Financial was discriminatory. And many European banks jumped at the possibility of low-cost loans.
Tishman Sells D.C. Office for $180M
The Rockefeller Group, in a joint venture with Mitsubishi Estate New York, has just purchased Washington, D.C.’s 1100 First St. NE from an affiliate of Tishman Speyer for $180 million.
Manulife Enters NYC Office Market with $285M Jersey City Buy
Manulife Real Estate has picked up the 30-story, 748,000-square-foot 10 Exchange Place in Jersey City for $285 million from Atlanta-based Invesco.