Office
Cassidy Turley: CRE Recovery to Accelerate in 2012
What has been a slow but steady rebound of the commercial real estate industry is on track to pick up pace in 2012, according to a new forecast by commercial real estate services firm Cassidy Turley.
LaSalle Investment Management Takes Two Medical Office Buildings for $148M
Kilroy Realty Corp. has unloaded $147.5 million of property — in the form of two medical-office buildings — to LaSalle Investment Management. The two Class A buildings, which total 253,676 square feet, are located in San Diego.
KDC, Estein Plan 400 KSF Office Tower for Downtown Dallas
KDC Real Estate Developments and Investments, in a partnership with Orlando-based Estein & Associates, has announced its plans to develop a 400,000-square-foot, 23-story office tower in Downtown Dallas.
JLL to Handle Leasing Efforts for 510 KSF California Office Complex
LNR Property L.L.C., the owner of Warner Center IV in Woodland Hills, Calif., has tapped services firm Jones Lang LaSalle Inc. to lease the 509,923-square-foot Class A office complex.
Empire State to Become REIT? Plans $1B IPO
Malkin Holdings L.L.C., supervisor of Empire State Building Associates L.L.C., owner of the world-renowned Empire State Building in Manhattan, has gotten everyone’s attention with the revelation — in documents filed with the Securities and Exchange Commission — that ESB Associates plans to become a REIT.
HFF Arranges $85M Refi on 22-Property, 3 MSF Portfolio
An affiliate of a real estate fund managed by Oaktree Capital Management and Cohen Asset Management tapped Holliday Fenoglio Fowler to orchestrate a $85 million refinancing for a 22-property portfolio.
Parkway Properties Takes Tempe’s Hayden Ferry Lakeside II for $86M
The 12-story, Class A Hayden Ferry Lakeside II office building has just sold for $86 million to an affiliate of Parkway Properties Inc., which also owns the adjacent Hayden Ferry Lakeside I building.
Parmenter Picks Up 202 KSF Houston Tower from KBS
Houston continues to outperform most of the nation in transaction volume, and Parmenter Realty Partners has just picked up the 201,720-square-foot Class A tower at 2200 West Loop South from KBS Real Estate Investment Trust for an undisclosed price.
Carlson Real Estate Engages Eastdil Secured for 5.5 MSF Portfolio
Carlson Real Estate Co. has engaged investment banking firm Eastdil Secured to “assist in reviewing and evaluating strategic alternatives” for CREC’s 5.5 million-square-foot real estate investment portfolio in Minnesota, Arizona and North Carolina.
W.P. Carey Closes on BCBS Portfolio Sale-Leaseback
By Gabriel Circiog, Associate Editor Blue Cross and Blue Shield of Minnesota has sold its six-building headquarters campus in Eagan to investment firm W.P. Carey & Co. The New York-based investment management company announced closing on sale-leaseback financing with the entity through CPA:17 – Global, a publicly held non-traded REIT affiliate. The transaction also included […]