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HOUSTON-The fund manager gets seed money from 17 institutional investors for the Hines US Office Value Added Fund II. With leverage, it has $2.7 billion of buying power.
BERWYN, PA-Trinity Capital Advisors buys the five-building, 131,000-sf Cassford Office Complex and the seller inks a 10-year lease for the entire facility.
SAN FRANCISCO-The space is master leased by Heller Ehrman, which leases 200,000 sf in the building, but is subleasing a few floors until later expansion.
DETROIT-MayFieldGentry Realty Advisors takes an initial 10% interest in the 941,354-sf building that will also face the loss of Comerica, its biggest tenant.
MELVILLE, NY-The public REIT acquires the class A, two-building complex in Western Suffolk County, one of the largest office submarkets in Long Island.
A recent study co-sponsored by a group of commercial real estate organizations finds that more than two-thirds of REITs, real estate operating companies, developers and pension funds are investing or are planning to invest in green construction projects.