property type: Office

Hines Sumisei U.S. Core Office Fund has agreed to pay about $140 million for the Carillon building, a 469,226-square-foot office property in Charlotte, N.C. The fund, which is part owned by Hines REIT of Houston, is buying the 24-story building ...

Tampa Bay Business JournalOsprey SA has purchased the Sarasota Commerce Center I, an 81,118-square-foot office building in suburban Tampa Bay for $15.7 million. The property at 100 Arthur Andersen Parkway in Sarasota, Fla., was sold by DA Commerce Center LLC, ...

Bear Stearns has provided $59.9 million of fixed-rate financing for Worldgate Plaza, a 322,325-square-foot office complex in Herndon, Va.The loan requires only interest payments through its 2017 maturity and carries a rate of 5.52 percent. The four-building property is owned ...

Washington Business JournalA joint venture led by Penzance Cos. of Washington has proposed a 1.78 million-square-foot office development in Herndon, Va. The venture, which also includes B.M. Associates of Arlington, Va., plans to develop the space over the next ten ...

Rocky Mountain News Office rents are skyrocketing in downtown Denver, with some tenants paying as much as $40/sf. The rental boom is the result of investors paying premium prices for upper-end buildings and an increase in construction costs for newly ...

Wachovia Bank has provided $120.5 million of mortgage debt for three office properties recently purchased on behalf of an investment affiliate of Grubb & Ellis Co.The three properties are Danbury Corporate Center, a 1 million-square-foot office property in Danbury, Conn., ...

Commercial Real Estate Direct Staff ReportRBS Greenwich Capital has provided $270 million of financing for a portfolio of six office buildings in northern New Jersey with 1 million square feet.The portfolio was owned by Reckson Associates Realty Corp., which SL ...

Silicon Valley/San Jose Business Journal John Mozart, a Silicon Valley developer, is offering for sale Mathilda Place, a 473,000-square-foot office complex in Sunnyvale, Calif. It was built in 2002 and could trade for as much as $330 million, or $700/sf. ...

Nashville Business JournalSonny Belew has purchased an office building at 300 Peabody St. in Nashville, Tenn., for $3.75 million. The 15,000-square-foot building on 0.93 acres was sold by Varallo Investment Properties, a local real estate investor.

San Francisco Business Times AEW Capital Management has agreed to pay $300 million for 650 California St. in downtown San Francisco. If the deal closes, the 490,000-square-foot building would trade for more than double the $138 million its current owner, ...