Office
Fifth Third Center Acquired by Parmenter Realty
By Eliza Theiss, Associate Editor Lately, the Charlotte office market seems to be as hot as the temperatures. Just a little over a week after Azrieli Group Ltd. entered a $245 million purchase agreement for One Wells Fargo Center, and less than a month after Parkway Properties closed on the Hearst Tower for $250 million, […]
Kearny Buys $89M Loan Portfolio
With the acquisition of an $89 million loan portfolio, Kearny Real Estate Co. and Morgan Stanley Real Estate Investing are more than halfway to their goal of purchasing $1 billion in loans.
Parmenter Lands Fifth Third Tower
Miami-based Parmenter Realty Partners has acquired Fifth Third Center, a 30-story office in Charlotte, N.C., with the aid of a $120 million financing deal obtained by CBRE Capital Markets.
The Winners: CPE’s 2012 Distinguished Achievement Awards
CPE is pleased to announce the winners of the second-annual Distinguished Achievement Awards, recognized for their ability to complete deals and projects in the face of last year’s recovering economy.
DivcoWest Flips 354 KSF San Francisco Office Building
DivcoWest has entered into an agreement to sell 1275 Market St., a 354,000-square-foot office building in San Francisco, to Dolby Laboratories Inc. in a transaction valued at $109.8 million. Dolby will occupy the office tower in its entirety.
Stockbridge Capital Closes $220M Fund; Targets Value-Add Assets
By Alex Girda, Associate Editor Stockbridge Capital Group recently announced the final closing of a $220 million fund that will target a wide range of value-added investments including industrial, office, retail and multi-family properties in major domestic markets. Established in 2011, Stockbridge Value Fund I will focus on distressed and undervalued properties. The entity will […]
Younan Continues to Trim Leverage with Sale of Houston Asset
Prior to selling 1700 West Loop South in Houston, Younan Properties Inc. had sold $400 million worth of properties and reduced its leverage by 30 percent over the past year.
Brandywine-Allstate JV Takes Suburban D.C. Portfolio for $120.6M
The joint venture will acquire the three-building asset in Silver Spring, Md., from Urdang’s Value-Added Fund II and Moore & Associates.
424,000-SF Lease in Place for Suburban Boston BTS
Green Mountain Coffee Roasters Inc. has signed a 424,000-square-foot lease with Gutierrez Co., effectively paving the way for development of its build-to-suit office and R&D facility at the Burlington Research Center in the suburban Boston town of Burlington.
Opus to Build New Office Building for Xcel Energy at Nicollet Mall
By Gabriel Circiog, Associate Editor The Opus Development Corporation has announced plans to build a 212,000-square-foot office building in downtown Minneapolis. The nine-story building will be built for Xcel Energy on the southeast corner of Fourth Street and the Nicollet Mall. The site is currently a private parking ramp which was built in the 1960s. […]