Office
SL Green Buys Ivanhoe Cambridge’s Stake in NYC Citigroup HQ
SL Green Realty Corp. will acquire Ivanhoé Cambridge’s stake in 388-390 Greenwich St. in Manhattan’s TriBeCa, thus assuming full ownership of Citigroup Inc.’s 2.6 million-square-foot headquarters in New York.
KBS REIT III Acquires Salt Lake City Office Tower for $170M
KBS REIT III has acquired 222 Main, a Class A, LEED Gold office tower in the center of Salt Lake City’s CBD, for $170 million.
W. P. Carey Acquires Siemens HQ in Oslo for $90M
W. P. Carey’s non-traded REIT CPA:18 acquired a new 166,000-square-foot office building from developer Oslo Business Park AS for $90 million.
Keystone JV to Buy 2 MSF Office Portfolio for $231M from Mack-Cali
Keystone Property Group and Mack-Cali Realty have joined forces again, committing to the establishment of various joint ventures through which Keystone will acquire a 2.3 million-square-foot Tri-State office portfolio from Mack-Cali in a transaction valued at $231 million.
Equity Sells 2 Suburban San Francisco Office Properties for $100M
Equity Office Properties Trust has been in a selling kind of mood in certain locations and it recently pocketed $100 million on the disposition of two office assets totaling 212,900 square-feet in Marin County, across the bay from San Francisco.
USGBC: Top 10 States for LEED Green Building
A 57-story, 1.3 million-square-foot Class A office tower in Chicago has earned Platinum and Gold LEED certifications from the U.S. Green Building Council.
HFF Arranges Financing for $361M Purchase of Chicago Office Property
HFF did double duty for 10 and 120 South Riverside Plaza, a 1.4 million-square-foot office complex in Chicago.
Southwest Value Partners Acquires 463 KSF Office Building in Chandler, Ariz.
Southwest Value Partners has acquired Continuum Business & Technology Park, a Class A office building on 152 acres in Chandler, Ariz., from Capital Commercial Investments for $52 million.
Dave Dworsky: High-Tech Pavement Repair
Dr. Pave/Heatwurx CEO Dave Dworsky talks on CPE TV about his new pavement repair technology and how it can improve real estate parking lot aesthetics while saving time and money for the property owner.
David Durning: Prudential’s Construction Financing Strategy
David Durning, president & CEO of Prudential Mortgage Capital Co., describes the insurance company’s commercial property construction loan program.