Office
Cassidy Turley Secures $95M Permanent Financing for Class A Building in Washington, D.C.
Cassidy Turley has secured a $95 million permanent loan for the McPherson Building, which overlooks Washington, D.C.’s McPherson Square Park.
Pramerica Sells Madrid’s Titán 4 to German Investor
Seven years after acquiring the Madrid office building known as Titán 4 in its development stage, Pramerica Real Estate has sold the 111,000-square-foot office tower in the Mendez Álvaro area to German fund manager Invesco.
Penzance, American Realty JV for D.C.’s 1130 Connecticut Ave.
Penzance finds a new partner in the ownership of the Class A office tower at 1130 Connecticut Ave. in Washington, D.C., through the establishment of a new joint venture with American Realty Advisors. ARA purchased a stake in the building previously owned by Greenstreet Real Estate Partners.
Lincoln-Champion JV Grabs Dallas’ Energy Square
In the city’s largest transaction this year, a joint venture of Champion Partners and Lincoln Property Co. has grabbed the 953,622-square-foot, three-building Energy Square office complex in Dallas.
Thomas Properties Sells 25-Story, Class A Houston Office to Crimson
Thomas Properties has sold the 578,300-square-foot Class A tower called 2500 CityWest in Houston to Crimson Real Estate Fund.
Exclusive: JLL Expands into South America with Bogota Office
Jones Lang LaSalle is opening a new office in Bogota, Colombia, to serve as the base of its operations in the Northern Cone, CPE has learned exclusively.
$85M for 3-Building Indianapolis Office Portfolio
Despite “weak” demand for suburban Midwest office properties, an institutional investor has snapped up Intech I, II and III, a 433,972-square-foot portfolio in the Northwest market of Indianapolis, for $85 million.
NYU Schack Special Report: Sternlicht on Real Estate
Barry Sternlicht talks with James Kuhn at the NYU Schack Capital Markets conference about branding, global investment and more.
Moving House: NBC Sports, United Talent Agency Sign for New HQs
Two major firms signed big deals to move their respective headquarters to new digs this past week: NBC Sports will relocate to Stamford, Conn., and United Talent Agency will take new digs in Beverly Hills.
Ashforth’s West Coast Arm Bought by Its CEO
Ashforth Pacific, the West Coast operating subsidiary of The Ashforth Company, has just been purchased by Scott Langley, the subsidiary’s CEO for the past 10 years.