Construction of Foundry Square I, a 336,000-square-foot office building in Downtown San Francisco, has recently reached completion. Developed by Glenborough L.L.C., the building will become the global headquarters of Barclays Global Investors. Foundry Square I carries the address of 400 Howard St. and sits across from Transbay Terminal in the city’s South of [...]

A financing package valued at $109.5 million has been put in place for a 13-property office portfolio in metropolitan Louisville, Ky. CBRE Capital Markets orchestrated the deal on behalf of borrower Fenley Real Estate. Fenley was able to walk away with first mortgage financing in the form of an on-book loan at [...]

GE Real Estate Europe has jumped aboard the Capital France Hotel fund, joining BNP Paribas Assurance as a founding limited partner. The two companies intend to grow CFH’s assets under management to $1.5 billion by the end of 2010 by investing in hotels across the Euro zone, Scandinavia and Central and Eastern Europe. Capital [...]

Kimpton Hospitality Partners II, which recently closed a $246 million equity fund, is investing in the development of a new property in Chicago, the Hotel Palomar. Scheduled to open in the fall of 2009, the 35-story, mixed-use tower will be located at 505 North State St., two blocks west of the North Michigan Ave. retail [...]

Brocade Communications, a Silicon Valley network communications manufacturer, has bought three parcels of land in San Jose, Calif., where it plans to build a new headquarters in a sale and development deal worth at least $223 million. The San Jose-based company paid MFP/Hunter @First Office Partners L.L.C. $50.9 million for the unimproved building parcels, according [...]

Duke Realty Corp., with CBRE Capital Markets Group as its new equity partner, plans to accumulate all build-to-suits projects into a joint venture with CB Richard Ellis Inc., the companies said today. The new venture will include the acquisition of up to $800 million of newly developed bulk industrial build-to-suit projects over the next three [...]

Noble Carpenter has been appointed to lead Jones Lang LaSalle’s loan outsourcing and disposition as part of the firm’s real estate investment banking team. This move is a response to the JLL’s “First Quarter 2008 Capital Markets Report” that indicated an expected strong increase in loan sale outsourcing as investment and commercial banks and mortgage [...]

The Department of Justice and the National Association of Realtors have reached a settlement on an anti-trust suit regarding the listing of internet-based real estate brokers. NAR will now be required to allow internet-based brokers to compete with traditional real estate brokers. The DOJ brought suit against NAR, the industry’s trade organization, in order [...]

Plans for one of the residential centerpieces of BLVD Place, a 21-acre mixed-use project being developed by Wulfe & Co. in Houston’s Uptown area, move forward with the purchase of a nearly 1.5-acre parcel at the site by Hanover Co. and MetLife Inc. Hanover and MetLife plan to build an upscale, 236-unit apartment [...]

On the heels of a major office building acquisition yesterday in Honolulu, as reported by CPN, Pacific Office Properties Trust Inc. has bought the 370,400-square-foot U.S. Bank Center complex in Phoenix. The 31-story office structure is the second-tallest building in Arizona, after the Chase Tower, and the deal also includes a separate seven-level structure [...]