property type: Office

An investment group has paid $10 million for Fairmount Place, a 77,203-square-foot office building in Phoenix. The Seattle group, which operates as Fairmount Office LLC, purchased the property from KBS Realty Advisors of Newport Beach, Calif.CB Richard Ellis represented the ...

Crown West Realty has paid $17.4 million for 501 S. Cherry St., a 155,717-square-foot office building in the Denver suburb of Glendale, Colo. The Spokane, Wash., firm purchased the 11-story building from CMD Realty Investors, a Chicago firm, which owned ...

Dallas Morning NewsAdler Realty of Los Angeles has paid $35 million for three office complexes totaling 400,000 square feet in Dallas. An unknown seller sold the properties, which include The Forum at Beltline and Bent Tree Plaza, which contain six ...

Memphis Business JournalDDRS of Boise, Idaho, has purchased Trinity Ridge Business Center, a 234,322-square-foot office/flex complex in the Memphis, Tenn., suburb of Cordova, Tenn. A seller and purchase price were not disclosed. The complex sits on 22.1 acres at 7730-7760 ...

Chicago Tribune Hines Interests is said to be the winning bidder for 101 N. Wacker Drive, a 575,294-square-foot building in downtown Chicago. The buzz is that the Houston firm is paying $120 million to Tishman Speyer Properties for the 24-story ...

New York PostStarwood Capital is close to acquiring the 210,000-square-foot 111 West 57th St. in Manhattan for $225 million, or about $1,071/sf. Steinway, the owner of the office-showroom property known as the Steinway Building, would lease back its space under ...

AmTrust Realty Corp. has paid about $90 million for a portfolio of office properties totaling roughly 1.4 million square feet.The New York investment firm purchased the two-building portfolio from RVI Group, which marketed the properties through CB Richard Ellis. AmTrust ...

Manhattan's office market is feeling some strains from the ongoing credit market dislocation, but its strong fundamentals and investor interest should help it avert any downturn in investment activity.

An investment group has paid $10 million for Fairmount Place, a 77,203-square-foot office building in Phoenix. The Seattle group, which operates as Fairmount Office LLC, purchased the property from KBS Realty Advisors of Newport Beach, Calif.CB Richard Ellis represented the ...

Crown West Realty has paid $17.4 million for 501 S. Cherry St., a 155,717-square-foot office building in the Denver suburb of Glendale, Colo. The Spokane, Wash., firm purchased the 11-story building from CMD Realty Investors, a Chicago firm, which owned ...