Office
Seller Finances Heitman JV’s Purchase of DC Office Building
A joint venture of Minshall Stewart Properties and an affiliate of Heitman L.L.C. secured the financing from Lone Star Funds to acquire 1401 New York Ave., N.W., in Washington, D.C.
Starwood Picks Up Sizable REO Office, Retail Portfolio for $191M
Starwood Capital Group has completed, through a controlled affiliate, the acquisition of a pool of real estate-owned assets from special servicer CWCapital Asset Management L.L.C. for $191 million.
CNL Healthcare Properties Acquires Medical Office Buildings in Florida, California
CNL Healthcare Properties has acquired two medical office buildings in Coral Springs, Fla., and two medical office buildings in Chula Vista, Calif., for a total of $60 million.
City of New York Renews, Expands to 233 KSF at Queens Atrium
Not only has the New York City Department of Design and Construction renewed its commitment to its home base at Queens Atrium in Long Island City in Queens, N.Y., the agency has also taken on some more elbowroom.
HSB to Acquire 500 KSF Hartford HQ from Hines
One State Street, a 500,000-square-foot office building in Hartford, is about to become tenant-owned. The Hartford Steam Boiler Inspection and Insurance Co., the property’s lead occupant with 168,000 square feet of space, has entered into an agreement to acquire its corporate headquarters location from Hines.
Sunset Development, MetLife JV Grabs 2 MSF AT&T Campus in Bay Area
Sunset Development Co. and MetLife Inc. have teamed on a joint venture to acquire the 2 million-square-foot AT&T campus in San Ramon, Calif.
DivcoWest Buys 670 KSF M-U Portfolio for $395M
DivcoWest has acquired One Kendall Square, in Cambridge, Mass., an 11-building, 7.9-acre campus that includes 670,000 square feet of office, lab and retail space; a nine-screen movie theater; a 1,500-space garage; and a small development parcel.
Matan Cos. Buys Office Campus in Germantown, Md., from MEPT for $128M
Matan Cos., through its Matan Fund IV, has acquired Milestone Business Park, a 42-acre campus in Germantown, Md., from Multi-Employer Property Trust for $128 million.
Bentall Kennedy Sells 173 KSF Highlands Corporate Center in Metro Seattle
Highlands Corporate Center, a 173,250-square-foot property consisting of three office/life sciences buildings in Bothell, Wash., has been sold by Bentall Kennedy to Clise Properties.
Commerz Real Picks Up $174M Office Project for Real Estate Fund in Germany
Commerz Real has signed an acquisition agreement for a 230,000-square-foot office space in Cologne, Germany’s fourth largest city, for $174 million on behalf of its open-ended real estate fund.