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Parke Chapman

Parke’s Recent activity

NAREIT Speakers Offer Solemn Take On Markets
Nov 11, 2002
SAN FRANCISCO — The weather outside last Thursday was frightful as a howling storm ravaged the Bay Area, causing power outages and widespread wind damage. Inside the San Francisco Marriott the forecast for the...
Report: Manhattan office sales volume up 14%
Nov 05, 2002
Manhattan’s office sales market is booming despite a sluggish leasing climate that has kept vacancy high. A new report from New York-based Insignia/ESG shows that the volume of Midtown office sales as of Nov. 1 was up...
Fifth Avenue office tower sells for $611 per sq. ft.
Oct 30, 2002
A Midtown Manhattan office building has changed hands for a steep $611 per sq. ft. Chicago-based Walton Street Capital, which sponsors private equity real estate investment funds, bought the 435,500 sq. ft. 717 Fifth...
Clarion to acquire Crow Holdings for $1.5 billion
Oct 17, 2002
Real estate money manager Clarion Partners has agreed to buy Crow Holdings Industrial Trust, a private REIT, for $1.5 billion. New York-based Clarion, a subsidiary of ING Real Estate, will create a new REIT to acquire...
MetLife markets $2 billion office portfolio
Oct 16, 2002
Insurer Metropolitan Life is selling nearly $2 billion worth of its nationwide real estate holdings, including Midtown Manhattan’s 551 Fifth Avenue and two major Chicago office buildings. Of the 15 properties offered...