Behringer Harvard Forms Apartment Venture With Dutch Pension
The Dallas investment manager, best known for raising investment capital from individual investors, is taking a big step into the institutional investment management world. Its venture with PGGM aims to make some $700 million of investments in the U.S....
Stonewater Buys Office Portion of Chicago’s 1 N. State for $34Mln
Chicago Sun-Times (Second Item)Stonewater Partners has paid $34 million for the 523,000-square-foot office portion of 1 N. State, a downtown Chicago office and retail property. The Los Angeles investment firm purchased the building from Archon Group, a unit of...
SunTrust Affiliate Offers Evansville, Ind., Office Complex
An affiliate of SunTrust Bank is offering for sale the Old National Bank headquarters, a 248,675-square-foot office complex in Evansville, Ind. The Atlanta bank is marketing the property, which it acquired last December, through Stan Johnson Co. Old National...
Soffer Organization Nixes Sale of Pittsburgh Office Building
By Jeff Mordock, Commercial Real Estate Direct Staff WriterThe Soffer Organization has decided against selling Quantum 1, a 159,000-square-foot office building in Pittsburgh. The Pittsburgh developer, which is run by the Soffer family, had placed the property on the...
Apartment, Condo Construction Thriving in Seattle, Despite Single-Family Slump
Seattle Post-Intelligencer While single-family construction has slumped in Seattle, new condominiums and apartments are buoying the local market. Single-family home construction permits were down in King Count as well as the entire state of Washington. But the total number...
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