Bank of America
Rubenstein Partners Buys CT Office Tower for $163M
The half-million-square-foot building in Stamford’s central business district was originally built to house the headquarters of the seller, the Royal Bank of Scotland.
Bank of America Accelerates Sustainability Efforts
The bank plans to add more than 60 solar installations over the next three years, with 15 financial centers and 10 ATMs to be equipped with panels by year’s end.
Hines Sells Cincinnati Office Property for $81M
Viking Partners Fund IV has teamed up with DRA Advisors to acquire a 404,000-square-foot property in the Kenwood submarket.
Bank of America Renews 545 KSF Lease at Boston Tower
Boston Properties inked a 15-year agreement at 100 Federal Street in the city’s financial district. The tenant’s contract was scheduled to expire in 2022.
Endurance Real Estate Group Adds New VP
Guy Wolfington brings more than 20 years of commercial real estate experience to this role. He previously served as MLVP Ventures’ director of regional development.
San Diego Building Goes From Vaults to Vets
Voit Real Estate Services leased a former bank vault facility to the Veterans Administration, which will operate it as an outpatient clinic once renovations and a major addition are completed.
Markel | Eagle Sells Richmond Office Asset for $56M
The company invested $19 million to renovate the 355,449-square-foot office building. Upgrades included the addition of a 250,000-square-foot parking garage and a new fitness center, among other amenities.
Lease Term Key for Net-Leased, Bank-Occupied Assets
Such properties, if well-located and occupied by a credit tenant, remain attractive to investors even at this point of the cycle, Avison Young reports.
MCR, BLT Close $648M Hotel Portfolio Financing
A Bank of America-led consortium provided the funding, which is secured by a 53-property, 5,958-key collection of lodging properties operating under the Marriott and Hilton brands.
Bixby Land Co. Sells San Diego Creative Office Park
The property known as The Oberlin traded for $20.4 million and encompasses more than 62,000 square feet in the city’s Sorrento Mesa submarket.