Bear Lends $59.9Mln for Va. Office
Bear Stearns has provided $59.9 million of fixed-rate financing for Worldgate Plaza, a 322,325-square-foot office complex in Herndon, Va.The loan requires only interest payments through its 2017 maturity and carries a rate of 5.52 percent. The four-building property is...
Office Rents on Rise in Downtown Denver
Rocky Mountain News Office rents are skyrocketing in downtown Denver, with some tenants paying as much as $40/sf. The rental boom is the result of investors paying premium prices for upper-end buildings and an increase in construction costs for...
Silicon Valley’s 473,000-SF Mathilda Place on Sales Block
Silicon Valley/San Jose Business Journal John Mozart, a Silicon Valley developer, is offering for sale Mathilda Place, a 473,000-square-foot office complex in Sunnyvale, Calif. It was built in 2002 and could trade for as much as $330 million, or...
Seligman Western Pays $92Mln for Houston’s Esperson Buildings
Seligman Western has paid roughly $92 million for the Esperson Buildings, a two-building office complex with 599,107 square feet in Houston. A venture led by Amstar Group and Cameron Management sold the property through CB Richard Ellis.
RBS Lends $270Mln for N.J. Office Portfolio
Commercial Real Estate Direct Staff ReportRBS Greenwich Capital has provided $270 million of financing for a portfolio of six office buildings in northern New Jersey with 1 million square feet.The portfolio was owned by Reckson Associates Realty Corp., which...
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