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...
SL Green Realty Corp. has paid $38 million for 1010 Washington Blvd., a 143,400-square-foot office building in Stamford, Conn.The two-building property was purchased from BPG Properties Ltd. It sits across from 1055 Washington, a 181,800-sf building that Green...
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...
GE Real Estate has provided $69.5 million of fixed-rate financing to Atherton-Newport, allowing the Irvine, Calif., investor to refinance five apartment properties with 791 units it owns in the Seattle area.The financing was originated under GE's flexible fixed-rate...
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...
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...
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...
SL Green Realty Corp. has paid $38 million for 1010 Washington Blvd., a 143,400-square-foot office building in Stamford, Conn.The two-building property was purchased from BPG Properties Ltd. It sits across from 1055 Washington, a 181,800-sf building that Green...
GE Real Estate has provided $69.5 million of fixed-rate financing to Atherton-Newport, allowing the Irvine, Calif., investor to refinance five apartment properties with 791 units it owns in the Seattle area.The financing was originated under GE's flexible fixed-rate...
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...
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...
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...
Chicago's 240-unit Chatham Grove Apartments is being offered for $14.4 million.The Chicago office of Marcus & Millichap has been tapped to market it for sale.The property at 8332 S. Cottage Grove, next to the Chatham Village Square Shopping...
The real estate investment arm of the Government of Singapore Investment Corp. has agreed to purchase a 49 percent interest in the InterContinental Chicago and Hyatt Regency La Jolla hotels from Strategic Hotels & Resorts, in a deal...
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingFitchRatingMoody'sFinalPricing (bp)BnchmarkA-12,773.3655.271.63AAAAAAAaa+9LiborA-2584.7947.371.63AAAAAAAaa+13LiborA-3606.5439.181.63AAAAAANR+18LiborB370.2634.181.63AAAAA+NR+25LiborC432.3328.351.63AA+AANR+32LiborD220.0025.351.63AAAA-NR+37LiborE237.8822.171.63A+A+NR+44LiborF214.6819.271.63AANR+48LiborG142.3917.351.63A-A-NR+52LiborH142.3915.421.63BBB+BBB+NR+65LiborJ395.0510.091.63BBBBBBNR+85LiborK213.587.211.63BBB-BBB-NR+105LiborL533.950.001.63BB+BB+NR+130Libor*Notional amount, interest onlyCollateral balance: $6,867.20 millionBookrunner(s): Goldman Sachs, Banc of America Securities, Bear StearnsLead Managers: Goldman Sachs, Banc of America Securities, Bear StearnsCo-managers: Citigroup, Morgan Stanley, Credit Suisse, Deutsche Bank, Wachovia SecuritiesMaster Servicer: Bank...
MHI Hospitality Corp. has agreed to pay $74 million for the Crowne Plaza Sian Resort, a 311-room property on a barrier island in Hollywood, Fla.MHI, a Williamsburg, Va., REIT, is buying the property from MCZ/Centrum, a venture of...
An affiliate of USAA Real Estate Co. has paid $20.8 million for 300 Sanford Road, a 450,000-square-foot industrial property in the Nashville, Tenn., suburb of La Vergne, Tenn.The San Antonio, Texas, real estate firm is purchasing the property...
A Phoenix developer has sold Yuba City Marketplace, a 142,808-square-foot retail property in the Sacramento suburb of Yuba City, Calif., for $37 million.The developer, which operates as Brown YC, is selling the property to a partnership between two...
LoopNet Inc. is acquiring a minority stake in Xceligent Inc., an Independence, Mo., provider of data on commercial space for sale or lease. The transaction will result in Xceligent's for-sale and for-lease listings being placed on LoopNet, increasing...
The real estate investment arm of the Government of Singapore Investment Corp. has agreed to purchase a 49 percent interest in the InterContinental Chicago and Hyatt Regency La Jolla hotels from Strategic Hotels & Resorts, in a deal...
MHI Hospitality Corp. has agreed to pay $74 million for the Crowne Plaza Sian Resort, a 311-room property on a barrier island in Hollywood, Fla.MHI, a Williamsburg, Va., REIT, is buying the property from MCZ/Centrum, a venture of...
An investment group has paid $17.8 million for Brookside Apartments, a 354-unit apartment complex in Tampa, Fla.The Florida group, which will operate as Brookside Tampa Apartments Ltd., purchased the property from another private group in a deal brokered...
Thacher Proffitt & Wood has started an environmental practice within its real estate group and hired Louis A. Evans and Trisha L. Smith to head it.In addition, the law firm has promoted Jerome J. Dano and Samuel S....
By John Covaleski, Commercial Real Estate Direct Writer Pennsylvania REIT is directing its attention towards mixed-use and lifestyle centers in its development and redevelopment strategies."One of the ways to grow business and revenues is to add components, such...
Principal Global Investors has provided $77 million of fixed-rate financing for three office buildings with 620,000 square feet in suburban Atlanta. The three buildings, 11575, 11475 and 11700 Great Oaks Way in the Royal Centre complex in Alpharetta,...
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