News
Talon Private Capital, Prudential Purchase 15-Story Seattle Office for $76.5M
Talon Private Capital and Prudential have taken Seattle’s 312,700-square-foot office tower at 1800 Ninth Ave. off the hands of Regence BlueShield in a sale-leaseback transaction for $76.5 million.
Equity One Sells 36 Shopping Centers for $473M to Blackstone
Continuing its capital-recycling strategy and the refocusing of its portfolio, Equity One has completed the sale of a 3.9 million-square-foot shopping-center portfolio to Blackstone Real Estate Partners.
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.
First Wind Secures $210M in Financing for Wind Project in Washington State
Lenders are warming up to the alternative-energy market, as evidenced by the $210 million financing package First Wind just acquired on behalf of its subsidiary, Palouse Wind L.L.C.
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.
Kennedy Wilson, Equity Partners Complete Five-Building L.A. Office Portfolio
Kennedy Wilson, along with its equity partners, has wrapped up the acquisition of a five-property office portfolio in metropolitan Los Angeles for a total of $143.5 million.
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.
Highwood Plans $25.2M Rehab for PPG Place
By Liviu Oltean, Associate Editor
Highwood Properties Inc. has revealed a $25.2 million upgrade plan for the PPG Place complex, which incorporates six class A buildings ranging from 37,000 to 900,000 sq. ft. Highwood Properties purchased PPG Place for $214.1 million.
According […]