Regions
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.
Ventas Portfolio, Profile to Swell with $3.1B Atria Purchase
A new deal is turning heads in the seniors housing market, a deal that will put Ventas Inc. at the very head of the table: namely, the healthcare REIT’s definitive agreement to acquire 118 premier properties from Atria Senior Living Group, the nation’s fourth-largest assisted living property operator, in a transaction valued at $3.1 billion.
Pacific Newport Rakes in $85.3M in Southern California’s Largest Industrial Sale of 2010
Harbinger of big change or no, Southern California has just seen its largest industrial property transaction of the year to date with Pacific Newport Properties Inc.’s disposition of Mira Loma Distribution Center.
Global Investment Could Hit $290B for Year: Jones Lang LaSalle
By year’s end, global transaction value could jump 35 percent to 40 percent compared to 2009, Jones Lang LaSalle estimates.
Ratkovich Grabs 28-Acre Former Howard Hughes Property in Los Angeles
In a joint venture with Penwood Real Estate Investment Management, Ratkovich shelled out $32.4 million for the land, which is presently home to 537,000 square feet in 11 historic structures, one of which served as the hangar where billionaire aviator and movie producer Howard Hughes developed the renowned Spruce Goose.
GW Medical Faculty Buys 120,000-SF Building in DC
The purchase price was $49.5 million.
JLL Inks New Lease for GSA
The lease was managed and awarded by Debbie Orkowski of the GSA Leasing Contracting office, while JLL employees Jessica Kokish, Suzanne Drake, Chris Roth and Dan Reidy represented the government.
Brandywine Polishes off $252M Rehab of Philly Post Office
The property, which will be the new area headquarters for nearly 5,000 Internal Revenue Service employees, was mostly gutted and retrofitted with new mechanical, electrical and plumbing systems. However, its designation as a national historic site was preserved.
Ground Breaks on $220M Rehab Facility at Boston’s Charlestown Naval Yard
Integrated health care system Partners HealthCare is behind the development, which will yield a 240,000-square-foot building to replace the existing 40-year-old rehab center on Nashua Street.