Funds managed by the investment bank will be buying the Fort Worth, Texas, REIT in a deal that includes $3.1 billion of assumed debt. Crescent, which owns office, resort and cold-storage properties, had been making efforts to streamline its operations.
Triple Net Properties is said to have pulled out of its agreement to buy two Austin, Texas, office properties from Crescent Real Estate Equities. After discovering certain issues during its due diligence, the Santa Ana, Calif., firm tried reducing the ...
Austin Business JournalCWCapital has sold the 23,500-square-foot Hyde Park Office Court building in Central Austin, Texas, to Thad Avery, a local investor. A purchase price for the building at 4315 Guadalupe St. was not given, but is valued at $3.3 ...
Bergen RecordGale Real Estate Services signed a tenant for 145,000 square feet of a 160,000-sf speculative office building in Parsippany, N.J. Accounting firm Deloitte & Touche plans to relocate its main offices to the Kimball Drive building from the 90,000 ...
San Francisco Chronicle New Urban Properties has paid $25 million for 625 Market St., a 71,345-square-foot office in downtown San Francisco. LTDD Inc., an investment firm led by San Francisco investor Leslie Tang Shilling, acquired the property in 2003 for ...
Boston HeraldThe Federal Bureau of Investigation is seeking a developer for a new Boston headquarters building with an estimated value of $100 million. The developer would own the 300,000-square-foot building and lease it to the federal government. In the running ...
A venture led by Highwoods Properties Inc., has paid $40 million for Eola Park Centre, 167,000-square-foot office building in Orlando, Fla.The venture, dubbed DLF Highwoods, purchased the property from LaSalle Investment Management. Highwoods funded the acquisition with a $27 million ...
Triangle Business JournalMayfieldGentry Realty Advisors has agreed to purchase the 131,572-square-foot Glenwood Plaza in Raleigh, N.C. The property, at 3605 Glenwood Ave., was sold by an unknown seller for an undisclosed amount. The five-story office building, which was built in ...
Philadelphia Business JournalLiberty Property Trust, a Malvern, Pa., REIT, bought Stoneridge Office Park, a 106,000-square-foot office complex in Exton, Pa. GVA Smith Mack represented the sellers, an unknown limited partnership. The three-building property at 180 Sheree Blvd. was constructed in ...
Lexington Realty Trust is offering for sale a 108,400-square-foot office complex in the Philadelphia suburb of King of Prussia, Pa.The New York REIT has tapped the Philadelphia office of Grubb & Ellis to market the property, which consists of two ...
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