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...
Lowe Enterprises and Canyon-Johnson Urban Fund have acquired the Hilton Washington hotel in the nation's capital for $290 million from Hilton Hotels Corp.The Lowe-Canyon Johnson venture plans to invest another $100 million in renovating the 1,119-room hotel on...
John G. Carberry has joined Prudential Huntoon Paige as principal of originations and will open a lending office in Boston.Carberry is the former president of Charles River Mortgage Co., a Boston provider of multifamily loans under Federal Housing...
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...
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...
Shareholders of seniors healthcare property operator Genesis HealthCare Corp. have approved a $1.9 billion takeover by Formation Capital and JER Partners.The Formation Capital/JER venture will pay $69.35/share for Genesis and assume $475 million in debt. If the deal...
Commercial Real Estate Direct Staff ReportPrincipal Global Investors has provided $22 million for the refinancing of two office buildings with a combined 136,825 square feet in Reston, Va. The seven-year, fixed-rate loan was provided to the Bernstein Cos....
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...
Shareholders of seniors healthcare property operator Genesis HealthCare Corp. have approved a $1.9 billion takeover by Formation Capital and JER Partners.The Formation Capital/JER venture will pay $69.35/share for Genesis and assume $475 million in debt. If the deal...
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...
Commercial Real Estate Direct Staff ReportPrincipal Global Investors has provided $22 million for the refinancing of two office buildings with a combined 136,825 square feet in Reston, Va. The seven-year, fixed-rate loan was provided to the Bernstein Cos....
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...
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...
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