Advancing the business of Commercial Real Estate

Archive for the Category ‘Headlines’

Blackstone Takes 3.5 MSF of U.K. Industrial from Prologis

Blackstone Takes 3.5 MSF of U.K. Industrial from Prologis

Blackstone is no stranger to huge deals, and its latest transaction makes it the owner of 3.5 million square feet of industrial space in the United Kingdom after making a $335 million, 13-property purchase from Prologis.

GSA Taps Trump for $200M Redevelopment of D.C.’s Old Post Office Building

GSA Taps Trump for $200M Redevelopment of D.C.’s Old Post Office Building

The U.S. General Services Administration has selected the Trump Organization as its preferred team to handle a $200 million redevelopment of the Old Post Office building and annex in Washington’s Federal Triangle neighborhood, turning the structure into a luxury hotel.

Economy Watch: Government, Banks to Ink Robo-Signing Settlement

Economy Watch: Government, Banks to Ink Robo-Signing Settlement

The federal government, various state attorneys general and the largest banks in the country have struck a deal that would specify an assortment of mild punishments for the banks’ involvement in robo-signing. And despite discussions, there was still no clarity on the Greece situation coming out of Europe.

BioMed Realty Trust Takes Cambridge Place for $119M

BioMed Realty Trust Takes Cambridge Place for $119M

BioMed Realty Trust Inc.’s presence in the Boston/Cambridge life sciences market will soon surpass 3 million square feet, now that the life sciences real estate REIT has entered into an agreement to purchase the 287,000-square-foot Cambridge Place in for $119 million.

Are Government Agencies Still Desirable Tenants?

Are Government Agencies Still Desirable Tenants?

With the severe budget cuts, and in many cases outright downsizing, hitting all levels of government, are government tenants as desirable to office building managers and owners as they were pre–Great Recession?

Mesa West Provides $130M to Refi Hyatt Regency San Francisco

Mesa West Provides $130M to Refi Hyatt Regency San Francisco

Mesa West Capital has provided a partnership involving affiliates of Dune Real Estate Partners L.P. and DiNapoli Capital Partners L.L.C. with a $130 million first-mortgage loan for the refinancing of the 802-room hotel in downtown San Francisco.

Israeli Investors Purchase Houston’s 344 KSF The Plaza at Enclave Office Building

Israeli Investors Purchase Houston’s 344 KSF The Plaza at Enclave Office Building

Continuing the trend of a high transaction volume in the Texas markets, Core Real Estate and BayNorth Capital Inc. have sold The Plaza at Enclave to an affiliate of Azrieli Group, a real estate development and investment company located in Tel Aviv.

TMG, Rockwood Sign San Francisco Technology Tenant to 168 KSF Office Lease

TMG, Rockwood Sign San Francisco Technology Tenant to 168 KSF Office Lease

Riverbed Technology, an IT firm in San Francisco, has just found itself a new home with a 167,788-square-foot lease at 680 Folsom St., courtesy a transaction handled by TMG Partners and financial partner Rockwood Capital.

Economy Watch: Americans Go on Borrowing Spree

Economy Watch: Americans Go on Borrowing Spree

All species of consumer credit increased during the fourth quarter of 2011, according to the Fed. An optimism index published by Investor’s Business Daily improved 1.9 points for February. And the talks in Greece continue, proving to be nail-biting for investors.

Skanska Signs $120M Construction Contract for Indiana Manufacturing Project

Skanska Signs $120M Construction Contract for Indiana Manufacturing Project

Industrial Contractors Skanska, the resulting entity of Skanska’s acquisition of Industrial Contractors Inc. just one month ago, has entered into its first contract to provide construction services for a manufacturing project in Indiana for $120 million.

ADVERTISEMENT