An investor group has paid $20 million for Consol Energy Inc.'s 186,000-square-foot headquarters building in the Pittsburgh suburb of South Hills, Pa.The Pittsburgh group, which operates as One 1800 Washington Road Associates, purchased the property from Corvus International...
Commercial Real Estate Direct Staff ReportThe CMBS market, after suffering nearly three straight months of spread widening, is starting to perk up substantially.Last Thursday, a $3.2 billion transaction, Banc of America Commercial Mortgage Trust, 2007-2, saw its 30...
The operating partnership of Equity Residential Properties Trust has priced $1 billion of unsecured notes through underwriters led by bookrunners Banc of America Securities, Deutsche Bank and JPMorgan Securities.The Chicago apartment REIT structured the notes in two tranches:...
Commercial Real Estate Direct Report LaSalle Investment Management is said to have made an offer to buy Pennsylvania REIT, according to REIT Wrap, an industry publication.LaSalle owns 41,600 shares of 0.1 percent of the PREIT, which owns 56...
Commercial Real Estate Direct Staff ReportInstitutional tax-exempt assets invested in real estate grew 25 percent last year to $342.68 billion. A report from Pensions & Investments noted a sense that foreign markets may attract an increasing share of...
Commercial Real Estate Direct Staff ReportMorgan Stanley Real Estate Funds, which last week agreed to buy Crescent Real Estate Equities, has offered to buy another property company.But this one, Investa Properties Ltd., is in Australia. Morgan has agreed...
Angelo, Gordon & Co. has paid $58 million for three Sunny Delight Beverage Co. bottling plants. The investment manager's Net Lease Group, which raised a $160 million investment vehicle to target properties that would be net leased to...
Commercial Real Estate Direct Report JBG Cos. is marketing for sale a recently-built 311,000-square-foot office building at 1101 K St. NW in Washington. The property's listing agent, HFF Inc., is also marketing another large downtown Washington property for...
Kimco Realty Corp. is offering for sale Lafayette Marketplace, a 214,876-square-foot retail property in Lafayette, Ind.The New Hyde Park, N.Y., REIT, has tapped the Chicago office of HFF Inc. to market the property. No asking price has been...
Carlton Group has opened up shop in Tel Aviv, giving the New York investment adviser further capabilities to tap investors in the Middle East, Europe, India and Asia. The company has hired Ido Kapner as managing director and...
Capmark Finance has provided $52 million of financing for the Equitable Building, a 624,642-square-foot office building in Atlanta that was recently purchased by a fund managed by Equastone.The loan has a three-year term and pays only interest. Equastone...
Capmark Finance Inc. has provided $69 million of floating-rate financing for 180 Peachtree St., a 604,000-square-foot former Macy's department store in downtown Atlanta. The financing has a three-year term and could be extended for another year. It pays...
Commercial Real Estate Direct Report JBG Cos. is marketing for sale a recently-built 311,000-square-foot office building at 1101 K St. NW in Washington. The property's listing agent, HFF Inc., is also marketing another large downtown Washington property for...
Real Estate Capital Partners has paid $37 million for the Newport Office Park, a 172,000-square-foot office property at 108 Myrtle St. in Quincy, Mass.The New York investment manager purchased the property on behalf of a German client from...
Carlton Group has opened up shop in Tel Aviv, giving the New York investment adviser further capabilities to tap investors in the Middle East, Europe, India and Asia. The company has hired Ido Kapner as managing director and...
A private investment group is offering for sale Driftwood Shopping Center, a 95,421-square-foot retail property in the Orange County town of Ontario, Calif. The San Jose, Calif., group, which operates as Bhullar Properties, has tapped Marcus & Millichap...
Capmark Finance Inc. has provided $69 million of floating-rate financing for 180 Peachtree St., a 604,000-square-foot former Macy's department store in downtown Atlanta. The financing has a three-year term and could be extended for another year. It pays...
Milwaukee Journal-SentinelA private investment group operating as Menomonee RP has paid $16 million for the U.S. Postal Service's 940,000-square-foot regional processing center in downtown Milwaukee. It lists lawyer Jeffrey Santaga of Wauwatosa, Wis., as its agent. A group...
Real Estate Capital Partners has paid $37 million for the Newport Office Park, a 172,000-square-foot office property at 108 Myrtle St. in Quincy, Mass.The New York investment manager purchased the property on behalf of a German client from...
Highwoods Properties Inc. has put the 1.3 million square feet of office and 300,000 sf of industrial space it owns in Winston-Salem, N.C., on the sales block.The Raleigh, N.C., REIT has tapped CB Richard Ellis to offer the...
A private investment group is offering for sale Driftwood Shopping Center, a 95,421-square-foot retail property in the Orange County town of Ontario, Calif. The San Jose, Calif., group, which operates as Bhullar Properties, has tapped Marcus & Millichap...
By Jeff Mordock, Commercial Real Estate Direct Staff WriterA Southern California investment group is offering for sale the Park Plaza Hotel, a 189-room property in Oakland, Calif.The group has tapped the San Francisco office of Marcus & Millichap...
Milwaukee Journal-SentinelA private investment group operating as Menomonee RP has paid $16 million for the U.S. Postal Service's 940,000-square-foot regional processing center in downtown Milwaukee. It lists lawyer Jeffrey Santaga of Wauwatosa, Wis., as its agent. A group...
Highwoods Properties Inc. has put the 1.3 million square feet of office and 300,000 sf of industrial space it owns in Winston-Salem, N.C., on the sales block.The Raleigh, N.C., REIT has tapped CB Richard Ellis to offer the...
By Jeff Mordock, Commercial Real Estate Direct Staff WriterA Southern California investment group is offering for sale the Park Plaza Hotel, a 189-room property in Oakland, Calif.The group has tapped the San Francisco office of Marcus & Millichap...
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