Royal Dutch Shell is seeking to unload 450 Lexington Ave., a 905,000-square-foot building that could bring in more than $300 million. The fund could also be readying a Washington, D.C., tower to go with it.
April 26, 2001 NEW YORK – A group led by developer Larry Silverstein, which had been negotiating with the Port Authority of New York and New Jersey over a 99-year lease for the 10.6 million-square-foot World Trade Center, is having ...
April 26, 2001NEW YORK – Boston Properties Inc. (NYSE:BXP) and Allied Partners will pay $755 million for Citigroup Center in Manhattan, once closing and other costs are factored into the deal. The REIT and its partner paid $725 million in ...
April 26, 2001 Commercial Real Estate Direct Staff ReportThe Port Authority of New York and New Jersey is meeting at 2:30 this afternoon to decide the future of the World Trade Center. Late last night, the Authority was still negotiating ...
April 26, 2001 ENGLEWOOD, Colo. – BentleyForbes has acquired a Class-A office building from RSA Cos. Inc. for $11 million.The property consists of a four-story, 65,179-square-foot building on 5.3 acres in the Southfield Business Park.RSA has signed a triple net, ...
Cousins Properties has hired Secured Capital to market the Cerritos Corporate Center, a recently built office complex in suburban Los Angeles. The 325,600-sf property could sell for $85 million.
April 26, 2001 Larry Silverstein, Westfield America Inc. (NYSE:WEA) and investor Lloyd Goldman have just clinched a lease on the World Trade Center, Manhattan's biggest real estate trophy.The 99-year net lease on the 10.6 million-square-foot office and retail complex lease ...
April 25, 2001 NEW YORK – SL Green Realty Corp. (NYSE:SLG) has agreed to sell 1412 Broadway to an affiliate of JER Partners, a subsidiary of J.E. Robert Cos., for $91.5 million.Under the terms of the transaction, SL Green will ...
The two firms are said to be gearing up to raise up to $125 million of equity for a fund that will make mezzanine-level investments in properties in top-tier cities.
April 25, 2001 By Susanna Potter, Commercial Real Estate Direct Staff WriterColumn Financial has provided $55 million of mortgage debt to the owner of two office buildings in the Old Town area of Pasadena, Calif.The borrower, a large non-real estate ...
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