Vornado, MGM Resorts in Deal
July 30th, 2010A Vornado-led partnership is paying MGM Resorts about $80 million for land connected to the Borgata Hotel Casino in Atlantic City.
KBS Acquires 300 N LaSalle for $655 Million
July 30th, 2010In 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…
iStar Portfolio Fetches $1.3 Billion
July 29th, 2010By Finereve Holder and Brooke Fienman
Dividend Capital Total Realty Trust Inc., a Denver-based REIT, acquired a portfolio of 39 office and industrial properties for $1.3 billion from iStar Financial Inc. The portfolio is 99% occupied and consists…
Kilpatrick Stockton Renews 206,140 SF in Atlanta
July 29th, 2010Kilpatrick Stockton, an international law firm that provides counsel for corporations, renewed its lease of 206,140 square feet for another 15 years at Eleven Hundred Peachtree at 1100 Peachtree St. NE in Atlanta, GA.
Constructed in 1990, the 28…
LNR Property Gets $417 Million Infusion
July 29th, 2010Commercial real-estate company LNR has secured a $417 million equity infusion to help pay off a chunk of its debt.
For AvalonBay, Long Island Filled With Risk, Reward
July 29th, 2010The region near New York City is one of the nation’s toughest markets to development properties. AvalonBay is undeterred.
Regulatory Reform: What Impact Will It Have On Commercial Real Estate?
July 28th, 2010The Dodd-Frank Wall Street Reform and Consumer Protection Act, signed into law by President Obama last week, is a cornerstone of Congress and the Administration’s financial regulatory reform agenda, creating the most sweeping changes in U.S. financial…
Retail Leasing Continues to Strengthen, But Investment Activity Remains Sluggish
July 28th, 2010Retailers, consumers and the general economy are clearly better off than they were a year ago — and that’s translating into an increase in leasing activity and overall occupancy together with a deceleration in rent declines for retail property owners…
Miami Tower Built for Storms
July 28th, 2010A Miami-based developer is seeking to capitalize on predictions of a rougher hurricane season, which may be a marketing opportunity for him and his new tower at 1450 Brickell Ave.
Office Developers Revive Plans
July 28th, 2010With Europe’s financial sector showing signs of stabilizing, developers have begun to dust off plans. A development boom, however, isn’t likely anytime soon.
