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SEATTLE-City officials select CB Richard Ellis to manage its 63-story Downtown office building, in part because it was the low bidder at $0.08 per sf. Cushman & Wakefield, which has had the assignment for the past five years, finished second in the bid scoring.
MADRID-Hines has bought a residential block in one of the most prestigious areas of Madrid for an undisclosed sum. The fund plans to renovate the block to create ground-floor offices and luxury apartments.
CHICAGO-The musical chairs of Downtown office tenants continue as Barton Inc. leaves behind its space at 55 E. Monroe for a 90,000-sf lease at Hines' 1 S. Dearborn, which is currently under construction.
STAMFORD, CT-Ceruzzi Holdings of Fairfield acquires Two Soundview Dr., a 37,864-sf office building here from an entity of Ambase Corp. for $28 million or $740 per sf.
STAMFORD, CT-Reckson Associates Realty Corp. has acquired the 227,966-sf 225 High Ridge Rd. office campus here from Hines, GlobeSt.com has learned. A source says the purchase price was approximately $76.3 million.
STAMFORD, CT-Reckson Associates Realty Corp. has acquired the 227,966-sf 225 High Ridge Rd. office campus here from Hines, GlobeSt.com has learned. A source says the purchase price was approximately $76.3 million.
MONTGOMERYVILLE, PA-An affiliate of Corvest Realty Group pays $13.2 million for 28.7 acres containing two 98%-leased industrial buildings. The firm will invest nearly $7 million in renovations and a third warehouse property.
LOS ANGELES-The Chicago-based buyer acquires the 1-million-sf downtown office tower from a partnership of Houston-based Hines and a German investment fund.
LOS ANGELES-The Chicago-based buyer acquires the 1-million-sf downtown office tower from a partnership of Houston-based Hines and a German investment fund.