JP Morgan Chase Seeks Tax Breaks, Bonds for Manhattan Headquarters Construction
Gotham GazetteJP Morgan Chase seeks government financial incentives to build a 1.3 million-square-foot headquarters building in Lower Manhattan. The financial company is negotiating with Mayor Michael Bloomberg's administration for tax breaks and federally-subsidized Liberty Bonds for its proposed headquarters...
Shorenstein Selling Last Chicago Holding for $335Mln
Shorenstein Properties is selling 500 W. Monroe St. in Chicago for $335 million to Broadway Real Estate Partners. The property is the last Chicago holding for Shorenstein, which late last year sold the John Hancock Center for $275 million to...
LaSalle Lends $62Mln for Office/Industrial Portfolio
LaSalle National Bank has provided $62 million of financing for a six-property office and industrial portfolio with 666,797 square feet. The loan, a five-year, fixed-rate mortgage that will be securitized, allowed Boulder Green to refinance acquisition debt on the...
Nashville’s BellSouth Building Reported Sold
Nashville Business JournalEntreCap Financial Corp. is said to have sold the BellSouth Building in downtown Nashville. EntreCap, a subsidiary of Cerberus Capital Management LP, acquired the 690,000-square-foot tower in 2006 when it assumed control of PrefCo XIV LP, a...
Madison Marquette Raises $487Mln for Value-Add Fund
Madison Marquette has raised $487 million of equity commitments for an investment vehicle that would pursue retail properties that could be redeveloped.Investors in the fund, Madison Marquette Retail Enhancement Fund, include Pennsylvania State Employees Retirement System, School Employees Retirement...
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