News
Bascom Group Acquires 406-Unit Hawaii Apartment Community for $74M
The Bascom Group makes a big addition to its portfolio in Hawaii with the purchase of Oasis at Waipahu Apartments, a 406-unit residential community in Waipahu, for $73.5 million.
Research Firm CNA Inks 173 KSF Lease in Arlington
Construction has not yet commenced on the 200,000-square-foot office building at 3001 Washington Blvd. in Arlington, Va., but it’s already near maximum occupancy, courtesy of a 173,000-square-foot commitment from CNA.
Granite Properties Buys Denver Tower, Dallas Plaza
Granite Properties has made two major office purchases in the last few days: Plaza Tower One in Denver and Cedar Maple Plaza in Dallas.
Colliers Lands 1 MSF Office-Leasing Contract in Cincinnati
Colliers International has picked up a sizable management contract, as the firm was named the leasing broker for the 1 million-square-foot Queen City Square in Cincinnati’s Downtown.
Boston Properties Completes Acquisition of 100 Federal St. in Boston
Boston Properties has completed the acquisition of 100 Federal St. in Boston from an affiliate of Bank of America with an aggregate investment of about $615 million — reportedly funded with available cash.
Economy Watch: More Houses Selling in Vegas
Vegas has seen some of the worst performance of the housing depression, but there’s been a small rebound. A UCLA commerce index rose 0.7 percent in February. And the financial world has been buzzing about a former Goldman exec’s scathing tell-all.
A Look Back at MIPIM 2012
After a long week of seminars, presenatations and, of course, plenty of networking, the 2012 MIPIM conference in Cannes, France, drew to a close. While an atmosphere of cautious optimism pervaded, regions and countries are thinking big again.
United Airlines Could Unite Downtown Offices in Willis Tower
By Gabriel Circiog, Associate Editor The parent company of United Airlines is pondering uniting the company’s downtown offices under one roof at Willis Tower, Chicagorealestatedaily.com reports. Sources say that United Continental Holdings Inc. is searching for tenants to fill the 250,000 square feet it currently leases at the United Building, located at 77 W. Wacker […]
Bascom Group LLC Expands Denver Portfolio
By Gabriel Circiog, Associate Editor
The Bascom Group LLC is continuing the expansion of its Denver market portfolio through the acquisition of Hyland Park Centre. Located at 1800 West 85th Ave. in Federal Heights, the 492-unit community was recently bought for $28.25 million.
Brandon Smith and Brian Eisendrath of CBRE brokered the financing for the purchase, while […]
Healthcare Trust of America Spends $54M on 558 KSF Pittsburgh Office Building
The 558,000-square-foot Penn Avenue Place office tower in Pittsburgh, Pa., has just become a part of Healthcare Trust of America Inc.’s portfolio. The company acquired the asset from an affiliate of Oxford Development Co. in a $54 million transaction.