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An Irish investment group, which market sources have pegged as Markland Holdings Ltd., has acquired 47 Citibank branches in the New York City metropolitan area for $100 million.  The portfolio includes a 156,300-square-foot combination of bank branches and offices, and is leased to Citigroup Global Markets Inc. for 15 years. The properties range in size from 2,000 to 8,000 square feet and are located in Manhattan, The Bronx, Brooklyn, Queens and Staten Island, as well as Westchester, Suffolk (pictured) and Nassau counties. “These were triple-net leases with annual increases, and investors want safety, security and good credit,” Ken Zakin, senior…

The Dallas office of Holliday Fenoglio Fowler L.P. has announced that it arranged a $140 million construction loan for 1800 Larimer (pictured). The building is a 496,000-square-foot Class A, Platinum LEED pre-certified office development in Denver, Colo. The 22-story office tower is slated for completion in 2010. It is approximately 70 percent pre-leased to tenants including Xcel Energy, Frederick Ross Company and Citywide Bank. HFF senior managing director Trey Morsbach and associate director Clint Corn worked exclusively on behalf of Westfield Development Partners to secure the 42-month, adjustable-rate loan through Wachovia Bank. Westfield Development Partners is the development arm of…

After losing $31 million in the first quarter of the year–compared to a net income of $75 million in the first quarter of 2007–Dallas-based Tenet Healthcare Corp. today released details of its plan to sell 34 medical office buildings across the country. The portfolio totals 2.4 million square feet of rental space throughout properties located throughout the Southeast, as well as Texas, Florida and California. Tenet retained Jones Lang LaSalle to assist in the promotion, marketing and sale of the portfolio. The buildings are being offered as a single portfolio or as separate, regional sub-portfolios to qualified institutional real estate…

In a time when borrowing can be a daunting task, even for entities with sterling credit histories, companies are turning to other means to raise the capital they need, according to industry experts. Pursuing just such a financing strategy, retail property giant Simon Property Group unveiled plans today to sell $1.5 billion of senior notes of its majority-owned partnership subsidiary, Simon Property Group L.P. Indianapolis-based Simon isn’t alone, even among major real estate companies. Late last month, for example, industrial property specialist ProLogis announced its intention to sell a total of $700 million worth of convertible senior notes and fixed-rate…

Nearly two years after entering the European market, California-based Westcore Properties said this week it is allocating $100 million of capital there to acquire, develop and operate regional airports and other commercial real estate projects associated with airports. The privately-held company has opened Airport Development Partners SA, an affiliate that will be headed by Thomas Frankl, who has 20 years of airport industry experience and lobbying at an international level, according to a Westcore release. ADP will have its main office in Lausanne, Switzerland, where Westcore has its European headquarters, and a project office in Poland. Zbig Labaj, an airport…

An entity controlled by The Treeline Cos. has sold One Old Country Road in Carle Place, N.Y., a five-story, 315,000-square-foot office building, for $65 million. The seller was Treeline 1 OCR L.L.C., the buyer was CLK/HP One Old Country L.L.C. and a team composed of Jeffrey Dunne, Steven Bardsley and Rikki Lawrence of CB Richard Ellis Inc.’s New York institutional group and Bruce Nelson of CBRE’s Long Island office represented the seller and procured the buyer. “We divested ourselves of this property because it no longer was part of our strategic plan,” Frances Schor, president of the Treeline Cos., said…

With 20 percent of the mixed use Del Sur community completed, The National Association of Home Builders yesterday named the project its Mixed Use Development of the Year.”What makes Del Sur unique is the size and scale of the community and the affordability of the ‘green’ features” said Ray Tonjes, chairman of NAHB’s green building subcommittee.When complete, Del Sur–located twenty minutes from downtown San Diego–will include 2,500 market-rate homes, 469 low-income homes, business and commercial space, a transit center, fire station, two schools and more than 1,900 acres of dedicated open space shared with sister community Santaluz.The Ranch House, the…

Dallas-based Tyler Technologies Inc. plans to expand its West Texas presence with the development of a Class A office project in the city of Lubbock. No financials were released. The project will include two 75,000-square-foot, three-story office buildings at the southwest corner of Chicago Avenue and 53rd Street in Lubbock. “We currently have 190 employees in Lubbock in three different facilities and we’ve outgrown them. This is an opportunity for us to bring all of them together under one facility. It will give them a working environment on par with the caliber of our employees,” Dustin Womble, executive vice president…

The APCA Property Fund I, operated by Stamford, Conn.-based Ashforth Co. and Paradigm Capital Advisors of Boston, has acquired an 86,000-square-foot industrial building in Philadelphia, marking the $52 million fund’s first acquisition in the city. Occupied by Brooks Provisions, a food warehousing and distribution company, the property is located in an area zoned as a food distribution center, which is about a half-mile from the  Packer Marine Terminal in South Philadelphia and adjacent to an intermodal rail yard served by truck and rail, Stephen Marzullo, senior vice president, investment properties with the CBRE Institutional Group in Wayne, Pa., told CPN…

Washington, D.C., Mayor Adrian Fenty has unveiled plans for a new luxury hotel at the site of the old city convention center.At a press conference this morning, Mayor Fenty announced that the city has reached an agreement to build a 400 room luxury hotel at the site. A joint venture between Hines and Archstone-Smith will develop the project. The partnership is already developing an $850 million mixed-use project on an adjacent site. That deal, announced in December, will serve as Washington’s Downtown retail anchor, located on a 10 acre parcel between New York Ave., H St., and 9th and 11th…