Office
AOL to Pocket $144.5M from CB Richard Ellis Deal
The Internet services provider will sell its 700,000-square-foot Pacific Corporate Park as well as 22 acres of developable land.
Half-Billion in Financing Closes for 880,500-SF Government-Leased Portfolio
Funding, part of which was actually completed in late 2009, for the four-property portfolio comes in the form of a $271 million construction loan and $256 million in permanent financing.
SL Green Agrees to $250M Recapitalization of Moinian’s Beleaguered Manhattan Office Property
The nearly 770,000-square-foot Midtown Manhattan office tower was just inches from the jaws of lenders.
PCCP Teams with Fuller to Buy Distressed 503,900-SF Houston Office Portfolio
The properties include the 281,590-square-foot 2425 West Loop and the 222,340-square-foot 1001 West Loop.
Bulgarian Experience: Tishman International Builds at Sofia Airport
Tishman International Cos. chairman Alan Levy takes CPE senior editor Paul Rosta behind the scenes of the development of Sofia Airport Center.
Douglas Emmett Snags Premier 310,100-SF Los Angeles Office Property for $111M
Approximately one month after a bankruptcy court gave the green light for Douglas Emmett Inc. to acquire the 310,000-square-foot Wilshire Bundy Plaza in West Los Angeles, the deal is now done.
JV Purchase with KTC Properties Allows Golub to Regain 484,000-SF Chicago Office Building
KTC Properties joined forces with Golub and braved a heated bidding process to acquire the building through the purchase of the first mortgage and mezzanine loans from Anglo Irish Bank.
SSA’s New Build-to-Suit Deal Marks Baltimore’s Largest-Ever Office Lease
A bevy of officials from the city level to the federal government came together to announce publicly the U.S. General Services Administration’s selection of the JBG Companies to develop a $150 million build-to-suit office facility for the Social Security Administration.
Investcorp Closes $410M Sale of Premier Seattle-Area Microsoft Office Towers
Acting through its real estate group, Investcorp has made a few significant plays this year, and now the company and has just completed the disposition of the 750,000 square-foot Bravern Office Commons in Bellevue, Washington, in a transaction with a client acting under the advisement of Principal Global Investors.
Liberty Mutual Breaks Ground on Highly Anticipated $300M Office Building in Boston
The global headquarters expansion project will encompass 390,000 square feet and result in approximately 1,100 temporary and full-time positions.