Office
Silverstein, Loeb Get $85M in Financing for Manhattan’s 529 Fifth Ave.
Silverstein Properties and Loeb Partners Realty have received a seven-year, $85 million loan from Wells Fargo for 529 Fifth Ave. in New York City.
Investcorp Acquires Office, Retail Assets Worth $250M
Investcorp, a global provider and manager of alternative investment products, continues an active year with the acquisition of office and retail assets in the greater Chicago, Los Angeles, Minneapolis and New York areas valued at $250 million.
Brookfield Office Breaks Ground on Western Canada’s Tallest Tower
Brookfield Office Properties has begun construction on the first phase of the $1.3 billion Brookfield Place Calgary office complex in the city’s downtown core.
Colliers: NYC Office Leasing Ahead of ’12; Sales Prices Near Peak
The largest U.S. office market is on a pace to record 26 million square feet of leasing activity; Class A Midtown sales prices top $1,100 per square foot.
Emporis Reveals World’s Most Spectacular Bank Buildings
Emporis, the international provider of building data, has compiled a list of the most imposing and architecturally distinct bank buildings in the world.
Goddard Grabs 440 KSF Class A Office Building in Atlanta
Acting through the Goddard Value-Add Office Fund I, Goddard purchased the 440,000-square-foot Class A asset, perched atop Mount Wilkinson in Atlanta’s historic Vinings neighborhood, from a Parmenter Realty Partners fund.
RXR, Walton to Buy 237 Park in Manhattan from Lehman
RXR Realty and an affiliate of Walton Street Capital, have acquired 237 Park Ave., a 21-story office building, from an entity controlled by an affiliate of Lehman Brothers Holdings.
Clarion Acquires 173 KSF Office Building in Boston for $121M
Clarion Partners has purchased a six-story, 173,439-square-foot office building in Brookline, Mass. for $121 million.
Cvent Leases 130 KSF in Tysons Corner, Va.
Cvent, a leading maker of event-management software, will take about 130,000 square feet of space at Greensboro Station, a Tysons Corner, Va., office campus.
Executive Spotlight: Louis Rogers, Capital Square Realty Advisors
Louis Rogers, who helped found Triple Net Properties, now balances new firm Capital Square Realty Advisors and a love for competitive horseback riding.