property type: Office
Corporate Office Leases Chunk of Maryland Office Building
May 11, 2000 COLUMBIA, Md. – General Dynamics Electronic Systems has leased 91,839 square feet at 221 National Business Park, a 120,000-sf building in Columbia, Md.The building is owned by Corporate Office Properties Trust (NYSE: OFC). It is part of ...
Highwoods Sells Stake in Buildings to German Funds
May 10, 2000 RALEIGH, N.C. – Highwoods Properties Inc. (NYSE:HIW) has formed a joint venture with two German investment funds and sold it five of its office buildings and a development project.The investment funds, Dreilander-Fonds 97/26 and 99/32 paid Highwoods ...
Buyer of Healthcare Properties Raises $100 Mln of Equity
May 10, 2000 An affiliate of Reckson Associates Realty Corp. (NYSE:RA) has committed to invest up to $100 million in Medical Properties of America, a Nashville, Tenn., company that buys and manages healthcare properties. The affiliate, Reckson Strategic Venture Partners ...
CSFB’s Jeff Friedman Jumps to Maguire Partners
May 10, 2000 LOS ANGELES – Jeffrey E. Friedman, a Credit Suisse First Boston investment banker who helped structure some $1 billion of financing for Maguire Partners, has joined the Los Angeles investment firm as partner.Friedman becomes one of five ...
Wells Real Estate Buys Michigan Offices for $14.3 Mln
May 10, 2000ATLANTA – Wells Real Estate Funds has paid $14.3 million for a 77,054-square-foot office building in Troy, Mich.The property, at 4685 Investment Drive, is fully leased to Siemens Automotive Corp under a 10-year net lease.
Keystone Property Earmarks Properties for Sale
The Pennsylvania REIT is planning to focus solely on large industrial properties in the Mid-Atlantic region. So it is planning to sell most of its office portfolio as well as some smaller industrial properties.
USC Signs Lease at Alhambra Offices
May 9, 2000 By Brad Berton, Commercial Real Estate Direct Contributing EditorThe University of Southern California has substantially expanded and extended its occupancy commitment at the former C.F. Braun Engineering headquarters complex in Alhambra, Cal., just east of downtown Los ...
Internet Firm Takes Big Lease in Downtown L.A.
Internet firms are among the few users taking space in downtown Los Angeles, which has a 25 percent vacancy rate. The latest: Pacific Internet Exchange Corp., which took space at 818 W. Seventh St.
Washington REIT Buys Maryland Offices
May 9, 2000 ROCKVILLE, Md. – Washington Real Estate Investment Trust (NYSE: WRE) has paid $7.7 million for a nine-story office building at 962 Wayne Avenue in Silver Spring, Md.The price for Wayne Plaza, which contains about 91,100 square feet ...
Japan Seeks Sped-up Securitization Process
May 8, 2000The Japanese government's National Land Agency is calling for the development of new indices to track property price and rental movements as part of a broader initiative to bring faster growth to that country's budding securitization market.Few additional ...
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