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JLL Secures $160M Financing for 1 MSF Downtown L.A. High-Rise
Downtown Los Angeles is seeing some action, as One California Plaza, a 995,000-square-foot office building, has been refinanced for up to $160 million in a deal secured by Jones Lang LaSalle.
Avison Young Continues Expansion with Opening of Dallas Office
Not content to settle for its status as Canada’s largest independently owned commercial real estate services company, Avison Young is moving full steam ahead with its U.S. expansion plan, including the debut of a new Dallas office.
Economy Watch: June Jobs More of the Same, Credit-Card Debt Rising, The Debt Ceiling
On Friday, the BLS reported next-to-zero job growth in June and the unemployment rate’s upward crawl to 9.2 percent, but the agency also described the state of employment as “unchanged.”
MIG Real Estate Continues Acquisition Phase with Purchase of 163,400 SF Scottsdale Office Park
Piggybacking on three large property acquisitions in June, MIG Real Estate acquired the 164,300-square-foot Scottsdale Center, five Class A two-story buildings in Scottsdale, Ariz.
HFF Orchestrates $355M Construction Loan for Vertex’s 1.1 MSF Boston HQ
Vertex Pharmaceuticals at Boston’s Fan Pier development got a boost as HFF orchestrated a $355 million construction loan for The Fallon Co. to bring the 1.1 million-square-foot office and research project to fruition.
Vantage, Angelo Gordon Pick Up AIG’s Jersey MF Portfolio for $241.5M
Vantage Properties L.L.C. and Angelo, Gordon & Co. have established a major presence in the New Jersey apartment market, grabbing 2,200 rental units with a $241.5 million acquisition of AIG’s six-property central New Jersey multi-family portfolio.
Economy Watch: Employment Disappointing, Possible Fannie and Freddie Merger, Debt Ceiling Looms
The Bureau of Labor Statistics reported on Friday that the U.S. economy produced a piddling 18,000 jobs in June. That’s a lot worse than expected, even worse than the miserable May total of 54,000.
JLL Leases 163,000 SF to Pegasystems in Cambridge
Call it a case of keeping up with your own growth. To serve its need for increased office space, Pegasystems has signed a long-term lease with JLL for 163,000 square feet of class-A space in Cambridge, MA.
$372M in Financing for 1285 Avenue of the Americas
The 1.7 million-square-foot tower at 1285 Avenue of the Americas has been refinanced for $372 million, courtesy of a deal by HFF.
Cole Nabs Six Properties in Two-Day, $119.6M Buying Spree
On Tuesday, Cole nabbed three Florida shopping centers totaling $48.5 million, followed by Wednesday’s inking of a $71.1 million deal for an office complex, industrial food-distribution space and a healthcare facility.