Skip to contentPrivate-equity kingpin Blackstone Group (NYSE: BX) made its latest foray into commercial real estate, joining forces with DDR Corp. (NYSE: DDR) in a deal to acquire a shopping center portfolio from EPN Group, an affiliate of Tel Aviv-based Elbit Imaging Ltd. The transaction, which is expected to close in June 2012, is valued at $1.43 … Read more
In a move that could ultimately give full ownership of Archstone to bankrupt Lehman Brothers Holdings Inc., a judge on Wednesday approved Lehman’s right to match a $1.33 billion offer by Equity Residential (NYSE: EQR) and its chairman Sam Zell for a 26.5% stake in the apartment company. U.S. Bankruptcy Judge James Peck approved Lehman’s … Read more
Trane, Inc., a leading manufacturer of air conditioning systems, put the finishing touches last week on its 625,000-square-foot lease for the entire industrial building at 5200 Tradeport Dr. in Memphis, Tenn. The building was constructed in 1999 and was previously occupied by Hewlett-Packard. This will be Trane’s second large industrial presence in the Memphis area … Read more
Salesforce.com took more office space in San Francisco. The CRM software and cloud computing giant signed for 401,786 square feet at 50 Fremont St., a 41-story, 817,412-square-foot office tower. The lease will be complementary to the new 14-acre campus it will occupy in Mission Bay. The company leased the Class A office view space that … Read more
In The Pipeline is a column on significant acquisitions of commercial land for sale, and other transactions and trends affecting office, industrial, flex, multifamily, mixed-use, hotel and public works developers. Send us news leads about your new commercial real estate project — and sign up to be added to our distribution list to receive future … Read more
LaSalle Investment Management sold 55 W. Monroe, a 40-story office building in Chicago’s central business district. The Hearn Co. closed on the tower for $136 million or $168 per square foot. Hearn, a commercial real estate group based in the Windy City, secured $86.5 million in senior debt through Wells Fargo Bank and $21.5 million … Read more
We are pleased to announce the sale of our exclusively listed Fessenden Court Apartments, a 9 unit community located in North Portland, Oregon.
Higher rents and drops in home ownership are helping to spur investors’ interest in the apartment sector, even from developers who typically focus on malls and offices.
Thanks to a favorable combination of limited supply and demand—and the unfortunate circumstances plaguing the single-family home market—multifamily is expected to continue thriving.
We are pleased to announce the sale of our exclusively listed Calico Court Apartments, an 8 unit community located at 12220 SW Calico Court in Beaverton, Oregon.