Office
Cousins Picks Up Downtown Dallas Tower at Foreclosure Sale
Cousins Properties Inc. purchased the former San Jacinto Tower in downtown Dallas. Like several other properties in the area, the office tower had been foreclosed on in the past 12 months.
Boston Properties Partners on $385M Virginia Complex
Boston Properties entered into a joint venture to own and operate the Fountain Square complex in the heart of Reston Town Center, a preferred area for office development. The REIT contributed $87 million for half the stake in the properties.
Cornerstone Enters U.K. with $129M Loan
About six months after appointing its new CEO of European operations, Cornerstone Real Estate Advisers completed its first loan in the United Kingdom, a $129.1 million (£83 million) refinancing for Derwent London plc.
Cassidy Turley Picks Up 14 MSF Outsourcing Assignment from SunTrust Banks
Cassidy Turley’s responsibilities have just grown by 14 million square feet in one fell swoop, courtesy of SunTrust Banks Inc.
Hemingway Development to Expand MidTown Tech Park
By Adrian Maties, Associate Editor Hemingway Development, a division of Streetsboro-based Geis Cos., plans to invest $8.9 million to purchase and renovate a vacant four-story building at 6555 Carnegie Ave. in MidTown Tech Park, in the Health-Tech Corridor. MidTown Tech Park is right in the heart of the Health-Tech Corridor, the area between East 55th […]
New Owner Plans to Resume Work on Kenwood Towne Place
By Adrian Maties, Associate Editor Phillips Edison Strategic Investment Fund II L.L.C. recently announced it has agreed to buy Kenwood Towne Place from a lending group led by Bank of America. The deal represents the third acquisition for Strategic Investment Fund II. Phillips Edison established the fund to focus on buying and improving large distressed […]
Avison Young Buys Property Management Firm in Las Vegas
Avison Young has acquired Las Vegas–based commercial property management firm Landry & Associates Inc., Avison Young announced Wednesday. The purchase places the Toronto-based company among Las Vegas’ top commercial property management firms.
Suburban Boston Office/R&D Property Commands $93.5M
Real Estate Capital Partners USA Capital Trust sold the trophy asset at 174 & 176 Middlesex Turnpike in Bedford, Mass., to Cole Real Estate Investments.
Harbert Buys Lockhill Selma Office Property in San Antonio
By Camelia Bulea, Associate Editor Harbert United States Real Estate Fund IV L.P. announced the acquisition of 4350 Lockhill Selma, a three-story, 116,545-square-foot Class A office building in San Antonio. Additionally, the company bought the adjacent land parcel, on which it plans to develop a second phase. Financial terms were not disclosed. Travis Pritchett, managing […]
RREEF Details $290M Investment in Manhattan Retail Condo
The mezzanine loan underscores the investment management firm’s record of pursuing blue-chip retail properties in Manhattan.