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Rocky Mountain News Hypo Real Estate Capital has pulled the plug on its deal to lend $160 million for a 41-story condominium project under construction in downtown Denver. The project, dubbed Spire, is being constructed by Denver developer Randy Nichols and ...
New York PostAn 82,254-square-foot office building at 12 W. 57th St. in Manhattan is for sale. Bidders include Sheldon Solow, who owns nearby office buildings at 6 and 9 W. 57th St., as well as other investors from Europe and ...
By Jeff Mordock, Commercial Real Estate Direct Staff WriterThe Buccini/Pollin Group has agreed to pay $28 million for Crozier Center, a 453,099-square-foot office complex in Newark, Del.The Wilmington, Del., developer is purchasing the five-building property from Bank of America, which ...
Commercial Real Estate Direct Staff ReportNNN Healthcare/Office REIT has acquired 511,100 square feet of medical office space in four deals over the past month.The entity, managed by Triple Net Properties, this week acquired the 67,000-sf St. Mary's Physicians Center in ...
Pillar Commercial has agreed to pay $30 million for 10440 North Central Expressway, a 250,000-square-foot office building in Dallas that has struggled with a high vacancy rate. The property serves as collateral for a securitized mortgage that was pegged as ...
Argus Realty Investors has paid $51.3 million for 252,350 square feet of office space in Phoenix.The San Clemente, Calif., real estate firm, which generally sponsors tenant-in-common investor groups, purchased the two-property portfolio from Equastone of San Diego. It was marketed ...
KBS REIT Inc. has paid $35.1 million for 2200 West Loop South, a 196,217-square-foot office building in Houston.The Newport Beach, Calif., company, a non-traded REIT managed by KBS Realty Advisors, financed its purchase with $17.4 million of debt. While it ...
Cleveland Plain-DealerKeyCorp. is seeking to relocate its operations and technology affiliates from the partially-gutted May Co. building in downtown Cleveland. KeyCorp currently occupies four floors of the former department store on a lease that runs through 2010. The banking firm, ...
Normandy Real Estate has pulled from the market a 1.3 million-square-foot portfolio of office space in suburban Boston that it was hoping to sell for $390 million. The Morristown, N.J., investor, which was marketing the property through Eastdil Secured, is ...
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