Brookfield to Purchase Houston Office Tower
Brookfield Properties is acquiring 1201 Louisiana, an 844,000-square-foot office building in Houston. The Toronto REIT is purchasing the building from Coast Range Investments of San Francisco. The building is 88 percent leased. CB Richard Ellis' Houston office is listing...
Sun Microsystems Negotiating $200Mln Sale of Burlington, Mass., Campus
Boston Business JournalSun Microsystems is negotiating to sell its 158-acre business campus in Burlington, Mass., for $200 million to Nordblom Co. Sun Microsystems is expected to lease back 450,000 square feet of the property, which has 800,000 sf in...
Thor Equities Expects Coney Island, N.Y., Mixed-Use Project to Cost $2Bln
New York TimesThor Equities estimates its proposed mixed-use development in Coney Island, N.Y., will cost $2 billion and be completed in 2011. The projected price is $500 million more than what was reported last year when Thor, headed by Joseph...
Former Cincinnati Enquirer Building to Undergo Mixed-Use Conversion
Cincinnati Business Courier Middle Earth Developers has paid $2.5 million for 617 Vine Street, a 288,000-square-foot building in downtown Cincinnati and will spend $20 million to renovate the property. The 79-year-old building, which formerly housed the Cincinnati Enquirer, will...
Foreclosure Documents Filed on Dayton’s Second Largest Office Tower
Dayton Business Journal Foreclosure documents have been filed on MeadWestvaco Tower, the second largest office building in Dayton, Ohio. The 370,000-square-foot tower is owned by CS LLC, a New York firm that stopped making payments on the building's mortgage,...
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