Levine Investments is paying $88 million for the 250,000-square-foot office portion of the Promenade Corporate Center, a 1 million-sf mixed-use complex in North Scottsdale, Ariz. The Phoenix firm acquired the space from The Pederson Group, a Phoenix developer,...
New York Community Bancorp Inc. has agreed to sell 960 Ave. of the Americas, a 99,000-square-foot office building in Manhattan's Herald Square neighborhood, for $105 million.The lender took over the property last year when it acquired Atlantic Bank...
The Concannon Co. is seeking a joint venture equity partner for The Gallery, a 305,222-square-foot mixed-use development in Ann Arbor, Mich.The Ann Arbor development firm has tapped Marcus & Millichap to seek a partner to pay $67 million,...
Levine Investments is paying $88 million for the 250,000-square-foot office portion of the Promenade Corporate Center, a 1 million-sf mixed-use complex in North Scottsdale, Ariz. The Phoenix firm acquired the space from The Pederson Group, a Phoenix developer,...
AIG Global Investment Group has provided $17.8 million to finance Towngate III and IV, a two-building office development with 106,400 square feet in Alexandria, Va.ELV Associates Inc. of Boston received the 10-year, fixed-rate financing, which was arranged by...
The Concannon Co. is seeking a joint venture equity partner for The Gallery, a 305,222-square-foot mixed-use development in Ann Arbor, Mich.The Ann Arbor development firm has tapped Marcus & Millichap to seek a partner to pay $67 million,...
A venture led by Thomas Properties Group Inc. has completed its $1.15 billion acquisition of a portfolio of 10 office properties with 3.5 million square feet in the Austin, Texas, area from Blackstone Real Estate Advisors. The properties...
AIG Global Investment Group has provided $17.8 million to finance Towngate III and IV, a two-building office development with 106,400 square feet in Alexandria, Va.ELV Associates Inc. of Boston received the 10-year, fixed-rate financing, which was arranged by...
Morgan Stanley Mortgage Capital Inc. has provided $29 million of acquisition financing for Uptown Shopping Center, a 72,260-square-foot retail development, and the adjacent Uptown Apartments, a 47-unit complex, both in Portland, Ore.Atlas Investing, a Boston retail developer, received...
A venture led by Thomas Properties Group Inc. has completed its $1.15 billion acquisition of a portfolio of 10 office properties with 3.5 million square feet in the Austin, Texas, area from Blackstone Real Estate Advisors. The properties...
Heitman LLC has raised $800 million of equity commitments for its latest value-add investment vehicle, Heitman Value Partners II.The capital was raised from 20 institutional clients and could be leveraged into more than $2.4 billion of investments. Heitman,...
Morgan Stanley Mortgage Capital Inc. has provided $29 million of acquisition financing for Uptown Shopping Center, a 72,260-square-foot retail development, and the adjacent Uptown Apartments, a 47-unit complex, both in Portland, Ore.Atlas Investing, a Boston retail developer, received...
SCI Investments has purchased a 1,021-unit portfolio of student housing properties located throughout the country.The Los Angeles firm purchased the property on behalf of tenant-in-common investors from GMH Communities Trust of Newtown Square, Pa., which marketed the portfolio...
Heitman LLC has raised $800 million of equity commitments for its latest value-add investment vehicle, Heitman Value Partners II.The capital was raised from 20 institutional clients and could be leveraged into more than $2.4 billion of investments. Heitman,...
Triple Net Properties has acquired 8555 University Place, a 315,000-square-foot office building in St. Louis.The Santa Ana, Calif., firm purchased the three-story building on behalf of tenant-in-common investors from Northpark Partners ESA, a St. Louis venture consisting of...
Regency Centers Corp. last week priced $400 million of unsecured notes through underwriters led by JPMorgan Securities and Wachovia Securities. The notes, which pay a coupon of 5.875 percent and mature June 15, 2017, were priced at 99.527...
Cushman & Wakefield has hired Chris Strain as executive director and managing broker of the company's newly-opened Sacramento, Calif., office. A 20-year veteran of commercial real estate, Strain was the co-founder of C. Strain Corporate Real Estate, which...
Reebok is offering for sale a 329,000-square-foot distribution center in the Boston suburb of Stoughton, Mass.The British sneaker manufacturer is seeking to consolidate its space since being acquired by Adidas last fall. It has tapped the Boston office...
By Jeff Mordock, Commercial Real Estate Direct Staff WriterThe buzz is that Sun Microsystems has found a buyer for its 805,000-square-foot office and industrial complex in the Boston suburb of Burlington, Mass.The property is said to be selling...
Principal Real Estate Investors has raised $225 million of equity for a value-add fund that would invest in a variety of real estate debt.Principal Life Insurance Co., an affiliate of the Des Moines, Iowa, investment manager, committed 10...
Feldman Mall Properties Inc., which owns seven regional malls with 7 million square feet, is exploring strategic alternatives, which could result in the sale of the Great Neck, N.Y., REIT.The company, run by developer Larry Feldman, went public...
Maguire Partners is offering for sale a stake in its 900-acre Solana mixed-use project in Dallas.The Los Angeles firm has tapped HFF Inc. to explore the sale of a partnership interest to an institutional investor. The partner will...
Verizon has agreed to sell a portfolio of 25 office and industrial properties with 2.3 million square feet to a venture controlled by GHP Office Realty of White Plains, N.Y., and Benereofe Properties of Purchase, N.Y.The telecom giant...
Regency Centers Corp. last week priced $400 million of unsecured notes through underwriters led by JPMorgan Securities and Wachovia Securities. The notes, which pay a coupon of 5.875 percent and mature June 15, 2017, were priced at 99.527...
Brickman Associates has agreed to pay about $40 million for 40 Court St., a 115,069-square-foot office building in downtown Boston.The New York investment firm is buying the 12-story building from a joint venture between Paradigm Properties and the...
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