Office
CBRE Realty Trust-Duke JV Closes on 3 MSF Portfolio
The majority of assets in the entire 20-building group are located in the Midwest, a region that accounts for 72 percent of its total square footage.
SL Green Nails Down $260M Loan on 3 Columbus Circle
News of the financing comes three months after SL Green recapitalized the 83-year-old property, located at 1775 Broadway across from the AOL Time Warner Center and Central Park. With the recapitalization, SL Green became part owner of the asset through the creation of a joint venture with The Moinian Group, which had acquired a former partner’s 90 percent stake for $250 million in 2004.
Forest City Closes $70M Loan on Baltimore Office Property
The 278,000-square-foot Class A property at 855 N. Wolfe St. is a research office property at The Science + Technology Park at Johns Hopkins University. Its tenants include the Lieber Institute for Neuroscience Research, Champions Biotechnology, Siemens and the Johns Hopkins Brain Sciences Institute and Translational Research Laboratory.
New Owner for Dallas Office Complex
Bluffview Towers, a two-building office complex in Dallas, is now part of Commercial Developments International Inc.’s portfolio. The real estate firm acquired the 196,300-square-foot property from Capstar Real Estate Advisors and an institutional partner.
First Potomac Snaps Up D.C. Office Building
The firm picked up 840 First St., a 248,600-square-foot fully occupied property, from the Stephen A. Goldberg Co. for $90 million.
Cole Grabs University of Phoenix Complex
In a $170 million sale-leaseback deal, Cole Real Estate Investments snapped up the 600,000-square-foot Phoenix property from Apollo Group Inc.
Franklin Street Buys One Legacy Circle
The investment firm picked up the Plano, Texas, office property for $53.6 million. Completed in 2008, it is located in the Legacy Town Center complex.
Commerzbank Takes 173,000 SF in NYC
The firm leased space at Two World Financial Center in Lower Manhattan, which is owned by Brookfield Office Properties.
Hudson Pacific Inks 67,000 SF in Leases
Educational program firm Intrax signed a new long-term lease at San Francisco’s One Rincon Center, while Kimpton Hotels & Restaurants renewed and expanded its previous lease at the city’s 222 Kearny St.
Rolls-Royce Signs 404,000-SF Lease
The aircraft engine-maker’s commitment will allow it to combine 2,500 staff members, currently working at six different area locations, under one state-of-the-art roof in Indianapolis’s central business district.