BofA Tower Receives $1.3 Billion Loan – from BofA
June 30th, 2009Bank of America and The Durst Organization have secured $1.275 billion in financing for The Bank of America Tower at One Bryant Park in Manhattan and is said to be the largest single-asset real estate loan to close in the United States since the markets…
NRG Texas, Affiliate Take 234,000 SF in Houston
June 30th, 2009NRG Texas, a wholesale power generation company, and Reliant Energy, its retail energy affiliate, leased 234,000 square feet at Pavilions Tower in Houston’s central business district. The long-term deal includes office space on floors one through 10….
FIRST TAKE: Dylan Taylor’s Plans for Turning FirstService Commercial Into a Household Name
June 30th, 2009When Toronto-based FirstService Corp. acquired a majority interest in GVA Williams last year, it acquired both a beachhead in the competitive New York City market and a portal through which to expand its U.S. and global real estate business. Since completing…
IN THE PIPELINE: CoStar Development News for June 28-July 4
June 30th, 2009This week’s edition includes an update on construction of what may be the nation’s largest data center project when it opens next year; Tesla has received $465 million in federal loans for production of electric cars, probably at one or more sites…
USGBC to Monitor Performance of LEED Buildings
June 29th, 2009Exactly how energy-efficient are the nation’s most sustainable buildings? That question has puzzled experts because of insufficient data, but the U.S. Green Building Council will soon have an answer.
Landlords seeking the coveted LEED badge must now…
Expansions, Relocations & Extensions (June 28 – July 4): GE to Energize Michigan’s Economy
June 29th, 2009In this week’s issue:
GE plans a $100 million R&D facility in Michigan
VWR International moves its global HQ
SonicWALL relocates to San Jose
FFR-DSI takes 257,000 square feet near Columbus, OH
R&M Trucking signs a huge deal at O’Hare East Business…
CoStar’s Retail News Roundup: Jun. 28 to Jul. 4, 2009
June 29th, 2009This week in the Retail Roundup, CoStar reports on expansions or new concepts at Best Buy Mobile and Meijer; new retail development news in MI; acquisition, merger, loan or sale activity at Dressbarn and Tween Brands, Levine Investments and DSB Properties…
GE to Energize Michigan’s Economy with $100M Facility
June 29th, 2009The General Electric Co. (NYSE: GE) said last week that it is planning a $100 million R&D facility about 25 miles outside of Detroit, an effort that could help drive Michigan’s ailing manufacturing base toward recovery.
GE’s Advanced Manufacturing…
Sears Tower to Undergo Historic Green Retrofit
June 28th, 2009Nearly 40 years after its construction, Chicago’s Sears Tower — the world’s third tallest building — is embarking on what could be its greatest adventure: a $350 million, top-to-bottom environmental retrofit that would add wind turbines, solar panels…
HRPT Invests $134.3M in Denver Office Tower
June 25th, 2009HRPT Properties Trust, an office real estate investment trust, paid $134.25 million for 17th Street Plaza, a 666,653-square-foot office tower in Denver’s central business district. J.P. Morgan Asset Management sold the 32-story property for approximately…
