property type: Office

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 ...

April 25, 2001 By Brad Berton, Commercial Real Estate Direct Contributing WriterHouston's office market lost a bit of ground in the first quarter – no surprise given the nationwide economic uncertainty.Space absorption slowed to a near halt as tenants at ...

April 25, 2001By Susanna Potter, Commercial Real Estate Direct Staff WriterAn institutional quality Class-B building in downtown Houston hit the market this week with an asking price of $13.3 million, or about $126.50/sf.Rusk Partners has hired Trammell Crow Co. to ...

The closing on the Citigroup Center took three days. Deutsche Bank is providing a $525 million mortgage for the 59-story tower at 153 East 53rd St.

RM Crowe has put six buildings, totaling nearly 593,000 sf, up for sale. Trammell Crow has been hired to find a buyer. Asking price: $45 million.

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 ...

April 24, 2001 BETHESDA, Md. – Washington Real Estate Investment Trust (NYSE:WRE) has purchased One Central Plaza for $44.4 million, or $162/sf from The State of Washington Investment Board.The 12-story, 274,000-square-foot building, at 11300 Rockville Pike, is 100 percent leased. ...

April 24, 2001 Special to Commercial Real Estate DirectSan Francisco's Planning Commission approved two scaled-down commercial developments late last week in conjunction with the city's office construction competition.San Francisco doles out its office approvals under limits established in the high-growth ...

April 24, 2001 TORONTO - O&Y Properties Corp. (TSE:OYP) has filed a preliminary prospectus to create O&Y Real Estate Investment Trust.O&Y REIT will focus on investing in office buildings in major markets across Canada. The company will be capitalized through ...