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Grosvenor Leases 50K SF in Chicago to London-Based Topshop
Is retail still in a slump? Not according to Grosvenor.
Excel Trust to Take 750,000-SF Northern California Shopping Center for $92.5M
The purchase agreement involves a little bit of cash and a little bit of debt. Excel will assume an existing first lien with an unpaid balance of approximately $44.8 million, and fund the remainder of the deal through cash on hand and borrowings under its unsecured credit facility.
Economy Watch: J.P. Morgan Holds Off on Foreclosures in 23 States
J.P. Morgan Chase said that it was halting foreclosures for the time being in about half of the country because of oddball paperwork. The move affects roughly 56,000 borrowers in 23 states.
Monday Properties to Develop Virginia’s First LEED Platinum Property
Lean and green is the order for Monday Properties’ newest development, a $300 million, 35-story building in Rosslyn.
Economy Watch: Home Prices See Modest Gains
Home prices saw an uptick in July compared with the previous month, according to the latest S&P/Case-Shiller home-price indexes, released on Tuesday.
Pinnacle Entertainment Expands Plans–and Price–for $357M Baton Rouge Casino
According to Pinnacle, the increase in size and amenities is just what the region’s residents ordered.
ADT Stays Put in Boca Raton with New 171,500-SF Headquarters Office Lease
With ADT’s signing of a long-term lease with Boca Yamato, the world’s largest provider of commercial and residential security services has paved the way for an expansion and relocation from its current digs at One Town Center Road.
Boston Properties to Buy Suburban Boston’s 1M-SF Bay Colony Corporate Center for a Song
The REIT entered into an agreement to purchase the premier office property for a sum that, when compared to the $366 million Bay Colony fetched in 2007, can be described as pocket change.
Economy Watch: Wal-Mart Seeks South African Expansion
The retail giant wants to buy South African-based Massmart Holdings, a retail leader in that country, and has offered $4.6 billion for that purpose.
Legg Mason Building to Get New Name
As part of the lease agreement, the 35-story high-rise once known as the Legg Mason Building will be branded the Transamerica Tower.