Wells Fargo
Divaris Facilitates Sale, Leases in SC and NC
Divaris Real Estate’s Charlotte office negotiated six transactions, including the $800,000 sale of a former furniture store in Columbia, S.C.
OMP Signs Torani to 327 KSF in Bay Area
The 15-year lease, valued at $65 million, will lead to the company’s relocation out of South San Francisco into a new manufacturing facility.
Trends in Cost-Effective, Energy-Efficient Technologies
In the aftermath of recent extreme weather events, commercial real estate players are turning to alternative energy sources to ensure continued operations during disasters, notes Kate Moore, deputy director of the National Renewable Energy Laboratory’s Innovation & Entrepreneurship Center.
CH2M Center Lands Hefty Recapitalization
The 10-story office tower offers a mix of traditional and creative space, with views of downtown Portland. The building is 87 percent leased to nine tenants.
Austin Office Campus Lands $64M
HFF arranged the five-year, floating rate loan through Wells Fargo for Amber Oaks, a nine-building, 543,544-square-foot Class A office campus. The debt replacement team worked on behalf of the borrower, Menlo Equities.
Portland’s Tallest Office Tower Changes Hands
Starwood Capital Group has extensive renovation plans for Wells Fargo Center to bring it back to its former status as one of the most iconic Class A office towers in Portland. CBRE and Kidder Mathews will lease the tower.
East Bay Industrial Business Park Changes Hands
Alex. Brown Realty Inc. together with CIP Real Estate have acquired Eden Landing in Hayward, Calif. The joint venture plans to invest $2 million in capital improvements.
JOSS Buys Suburban Philly Office Assets
The firm paid $12.1 million for two premier office assets in Jenkintown, Pa., shifting its investment focus to core suburban markets.
KBS REIT Snares $1B Financing Commitment
BofA, Wells Fargo and U.S. Bank were the joint lead arrangers of the three-year facility, which marks the largest single financing transaction in the company’s history.
Kidder Mathews Adds New San Diego VP
Veteran broker Peter Quinn has joined Kidder Mathews’ San Diego office. In his new role, he will be responsible for the company’s investment properties.