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KBS Acquires 300 N LaSalle for $655 Million
In Chicago's largest commercial real estate transaction this year, KBS REIT II has acquired 300 N LaSalle St. for $655 million, or $503 per square foot, according to an SEC filing. KBS primarily financed the purchase with proceeds from a five-year, $350 million mortgage loan from MetLife. Proceeds from existing credit facilities and the REIT's initial public offering provided additional funding. Designed by Pickard...
iStar Portfolio Fetches $1.3 Billion
Dividend Capital Total Realty Trust Inc., a Denver-based REIT, acquired a portfolio of 39 office and...
Regulatory Reform: What Impact Will It Have On Commercial Real Estate?
The Dodd-Frank Wall Street Reform and Consumer Protection Act, signed into law by President Obama last...
Retail Leasing Continues to Strengthen, But Investment Activity Remains Sluggish
Retailers, consumers and the general economy are clearly better off than they were a year ago -- and...
Former Brookfield Pres. Named CFO at General Growth
Steven J. Douglas, the former president of Brookfield Properties, was named executive vice president...
True Value Renews 1.2 Million SF in Harvard, IL
True Value Co. renewed 1.19 million square feet of warehouse space for 10 years in Harvard, IL. The...
Pritzker, Bozzuto Form $75M Multifamily Joint Venture
Pritzker Realty Group has partnered with The Bozzuto Group to establish a multifamily equity fund with...
Lease Up/Lease Down (July 25-31): Major NYC Deals for CBS, NFL & Healthfirst
CoStar compiles news of company expansions and relocations, as well as consolidations, closures and...
SL Green Signs CBS & Healthfirst to Major Office Deals
It was another landmark week for SL Green. The office REIT inked long-term deals for CBS Broadcasting...
Study Finds Commercial Retrofits Could Save $41B Annually In Energy Costs
Although energy-efficient retrofitting of commercial buildings has the potential to return twice as much...
NFL Relocates, Cuts Back on Space
The National Football League (NFL) officially announced Tuesday that it is relocating its headquarters...
CoStar to Introduce the First Comprehensive Repeat Sales Index for Commercial Real Estate
CoStar announced it is launching the CoStar Commercial Repeat Sales Index (CCRSI), the first comprehensive...
In The Pipeline: CoStar Development and Construction News for July 25-31
In this week's Pipeline, the Ak-Chin Indian Community and general contractor PENTA Building Group break...
Onyx Pharmaceuticals Inks 126,493-SF Office Deal
Onyx Pharmaceuticals Inc., a cancer biopharmaceutical company, signed for 126,493 square feet at 249...
Inland Announces $209M in Retail Acquisitions
Inland Real Estate Acquisitions (IREA), announced Wednesday that it has recently purchased five shopping...
U.S. Industrial Real Estate Markets Now In Recovery
The U.S. industrial real estate market now appears to be headed into recovery after several quarters...
REIT Bank Lending Lines Remain Open, At A Cost
Despite concerns during the financial crisis about whether bank credit would remain available, equity...
CGA Capital Arranges $697 Million in Financing for National Security Project In Kansas City
Baltimore, MD-based CGA Capital Corp. has closed $687 million in financing for construction of the National...
Avison Young CEO Mark Rose On The Record About U.S. Expansion
Avison Young's appetite for growth shows no signs of waning. The Toronto, Ontario-based company has been...
AIA Forecast: Private Commercial Construction To Fall Nearly 30% in 2010
Spending on commercial and other nonresidential construction is likely to fall more than 20% this year...
In The Pipeline: CoStar Development and Construction News For July 18-24
In this week's Pipeline, a consensus of construction industry experts delivers a sobering forecast...
Lease Up/Lease Down (July 18-24): Daily News Relocates, J&J Cuts Jobs
CoStar compiles news of company expansions and relocations, as well as consolidations, closures and...
Whirlpool Corp. Announces $85M HQ Project in W. Michigan
Home appliance manufacturer Whirlpool Corp. said it will stay in Western Michigan, building a new office...
Avison Young Acquires Hodges Management and Leasing
Avison Young purchased Hodges Management and Leasing Co., an Atlanta-headquartered firm that provides...

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