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Property



Manhattan Office Tower Sells For Nearly $300M 
Aug 7, 2003
Vornado Realty Trust has sold 2 Park Avenue, a 965,000 sq. ft. office building in midtown Manhattan, for $292 million. The buyer was German real estate...

Greenwich Capital Refinances LA Trophy Towers for $510M 
Aug 1, 2003
Los Angeles' landmark tower U.S Bank Tower and the Wells Fargo Tower have been refinanced by two loans totaling $510 million. RBS Greenwich Capital's...

Lenders and Landlords Still Battling Over Terror Insurance 
Aug 1, 2003
Score one for landlords. A New York appellate court has struck down a move by lenders who use the threat of default to force owners to purchase additional...

Legal Aid for the Office Market 
Aug 1, 2003
Law firms in Washington D.C. and New York City are gobbling up Class-A office space at bargain basement prices, bringing some much-needed demand to a...

Mixed Results for Mixed-Use 
Aug 1, 2003
Changing demographics, punctuated by a sharp rise in the number of empty-nesters and Generation Xers keen on urban living, have led to a growing enthusiasm...

In Progress: 2525 Ponce de Leon 
Aug 1, 2003
DEVELOPER: Hines LOCATION: Coral Gables, Fla. ARCHITECT: Smallwood Reynolds Stewart & Stewart SIZE: 250,000 sq. ft. COMPLETION: Third Quarter, 2004 BUZZ:...

Wells Focuses on Southern California Properties 
Jul 30, 2003
After buying more than $1 billion worth of Class-A office property so far this year, the Wells REIT now says it will buy $500 million more — all of it...

1 Million Sq. Ft. Mixed-Use Project Planned for Hartford CBD 
Jul 30, 2003
Real estate investment company Northland Investment Corp. is negotiating $100 million of construction financing for a 1 million sq. ft. mixed-use development...

Singer & Bassuk Close $60.5M Loan For Manhattan Building 
Jul 22, 2003
Manhattan-based mortgage broker Singer & Bassuk has closed a $60.5 million loan for 17 Battery, a 440,000 sq. ft. lower Manhattan office building. President Richard Bassuk says the deal represents another step forward in the revitalization of the lower Manhattan office market. According to Bassuk, there was "substantial interest" in the transaction from several lenders, and after a spirited competition, JP Morgan Chase was selected to finance the transaction....

Council OKs Renovation of Santa Barbara Plaza 
Jul 9, 2003
The Los Angeles City Council has approved an agreement with Capital Vision Equities and Keyshawn Johnson for the $123.2 million mixed-use redevelopment...

Opus West Continues Aggressive Texas Growth Plan 
Jul 9, 2003
Opus West Corp. has purchased 15 acres in Houston to develop a 638,000 sq. ft. office warehouse and service center. The firm also has a contractual option...

C&W: Manhattan Office Vacancy Ebbed In June 
Jul 9, 2003
Several big leasing deals combined with a decrease in sublease space helped cut Manhattan office vacancy by 0.1% during June, reports Cushman & Wakefield....

Office Owners Cut Expansion Plans 
Jul 1, 2003
Faced with swelling vacancy rates and tepid demand from Corporate America, office owners are trimming expansion plans. Duke Realty Corp., No. 5 on NREI's...

Top 25 Office Owners 
Jul 1, 2003
The Top 25 Office Owners survey is based on data provided by participating companies. The rankings are based on the amount of office space companies in...

Riding Out the Storm 
Jul 1, 2003
Even in the bleakest times, the Trammell Crow Co. machine rolls on. And 2002, which presented more than its share of roadblocks and potholes, was no exception...

Top 25 Office Developers 
Jul 1, 2003
1. Trammell Crow Co.2001 Ross Ave., Suite 3400Dallas, TX 75201Phone: (214) 863-3000Web site: www.trammellcrow.comRobert E. Sulentic, Chairman/President/CEO;...

American Financial Buys $769 Million Office Portfolio 
Jul 1, 2003
Fresh after its IPO last week, American Financial Realty Trust has purchased 158 properties from Bank of America Corp. for nearly $800 million. The 8.1...

Developers And Architects See The Light 
Jul 1, 2003
The U.S. real estate industry has never been a strong proponent of going green unless, of course, green refers to dollars. But there is a growing awareness...

The Drill on Military Base Conversion 
Jul 1, 2003
Since the early 1990s, three waves of military base closings have resulted in the decommissioning of 97 facilities, releasing more than 100,000 acres...

Derelict Ground Zero Office Building To Be Razed 
Jun 24, 2003
The 9/11 attacks destroyed eight office buildings and seriously damaged seven other nearby towers. Now, a disfigured, 40-story office tower that has loomed...

Manhattan Landlord Stalls Lenders In Terrorism Insurance Dispute 
Jun 20, 2003
The New York Supreme Court has ruled that two lenders cannot hold the owner of 4 Times Square, a major Manhattan office building, in default for not buying...

California Office Campus Sells For $46M 
Jun 20, 2003
A 437,000 sq. ft. Orange County office center has traded for $46 million. Voit Commercial Brokerage represented both the buyer, PS Business Parks, Inc....

Hines Plans New 40-story Chicago Tower 
Jun 6, 2003
Hines will begin construction this fall on a 40-story office tower in Chicago at One Dearborn Street. The 820,000 sq. ft. tower is expected to be finished...

Hines Plans New 40-story Chicago Tower 
Jun 6, 2003
Hines will begin construction this fall on a 40-story office tower in Chicago at One Dearborn Street. The 820,000 sq. ft. tower is expected to be finished...

Northern Virginia Office Building Trades for $71 Million 
Jun 6, 2003
Corporate Office Properties Trust, a major owner of office buildings along the Baltimore/Washington corridor, this week bought a 400,000 sq. ft. office...

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