Office
SPECIAL REPORT: MBA Delivers Cautious Economic Outlook for 2014; Financing Hits Highest Level Since ’07
Mortgage originations for multi-family and commercial real estate in the last quarter of 2014 reached the highest volume achieved since 2007. Multi-family financing, in particular, has returned to levels last witnessed at the peak of the market.
SEB Sells Singapore Office Asset for $228M; Pays $54M for Tokyo Office Building
SEB Asset Management, the real estate arm of SEB Group, has kicked off 2014 strongly with several notable transactions, especially in the Asia-Pacific commercial real estate market.
Crocker Partners Buys 174 KSF Office Building in Maitland, Fla.
Crocker Partners has acquired 851 Trafalgar Court, a 174,048-square-foot office building in Maitland, Fla., and plans to reposition the four-story lakefront building to attract quality tenants.
Metzler RE Sells 305 KSF Corporate Center in Wilmington, Del., for $62M
It’s been nine years since Metzler Real Estate acquired the Bellevue Park Corporate Center in Wilmington, Del., and now the company has sold the 305,000-square-foot complex to The Buccini/Pollin Group in a $62 million transaction.
Video – Reis Q4 2013 Office Trends
Reis VP of Economics & Research, Dr. Victor Calanog, provides an update on Office sector performance for the 4th quarter of 2013.
NGKF Scores Retail Leasing Assignment at Chicago’s 100-Story John Hancock Center
The renowned John Hancock Center mixed-use tower in Chicago features a premier 190,000-square-foot retail segment, and Newmark Grubb Knight Frank has just been tapped to serve as its exclusive leasing agent by the owners of the space.
Griffin Capital Gets $111M Refi for 5-Property Portfolio
Griffin Capital Corp. and five single-purpose borrowing entities, wholly owned by the operating partnership of Griffin Capital Essential Asset REIT, have completed a $111 million refinancing of a five-property, 889,800-square-foot office and industrial portfolio.
Colony Realty Sells 212 KSF Office Building in Midtown Atlanta
Colony Realty Partners has sold 730 Midtown in Atlanta’s Midtown submarket to a joint venture consisting of Harbert Management Corp.’s Harbert United States Real Estate Fund V L.P. and The Simpson Organization.
Kilroy Buys Hollywood Parcel for $300M M-U Project
Kilroy Realty Corp. has acquired a nearly four-acre parcel near the renowned intersection of Sunset and Vine from AMPAS in a $46 million deal, with plans to transform the site into a mixed-use development at a cost of $250 million to $300 million.
Silicon Valley Office Portfolio Yields $200M in Financing for Carl Berg
NorthMarq arranged financing for an unencumbered, 711,000-square-foot office portfolio in California’s Silicon Valley through Prudential Mortgage Capital Co.