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LEHIGH VALLEY, PA-New York-based Readikat Realty buys the 320,000-sf specialty manufacturing and distribution center at 1055 Cross Roads Blvd. for $12.8 million. It is 100% leased to a supplier of branded hot and cold beverages.
LOS ANGELES-The Downtown office tower trades after being on the market for months, once in a deal that collapsed when a New York buyer pulled out. Sources call it a $140-million-plus deal. For more Hines news, click <a href="http://www.globest.com/news/251_251/atlanta/132598-1.html">here</a>.
LOS ANGELES-The Downtown office tower trades after being on the market for months, once in a deal that collapsed when a New York buyer pulled out. Sources call it a $140-million-plus deal. For more Hines news, click <a href="http://www.globest.com/news/251_251/atlanta/132598-1.html">here</a>.
DALLAS-The owners of the popular shopping spot close a second deal for $12 million to finance an expansion plan and replace recourse financing with non-recourse. The second loan is secured by the 126,355-sf flagship property.
ATLANTA-While the Houston-based firm didn't disclose the acquisition price local-area brokers tell GlobeSt.com the 95%-leased building went for about $285 per sf. Hines officials say "the speculation of $285 per sf is way off." The company developed the class A One Ravinia Dr. in 1985 and sold it to Deutsche Immobilien Fonds AG.
ATLANTA-While the Houston-based firm didn't disclose the acquisition price local-area brokers tell GlobeSt.com the 95%-leased building went for about $285 per sf. Hines officials say "the speculation of $285 per sf is way off." The company developed the class A One Ravinia Dr. in 1985 and sold it to Deutsche Immobilien Fonds AG.
ATLANTA-Despite positive spins by two separate brokerages, statistics show the city's 163-million-sf office market is still in the dumpster. Advantis says metro's 19.7% overall vacancy is the highest in the Southeast. Marcus & Millichap drops Atlanta's annual ranking by 15 places to No. 30.
KIRKLAND, WA-Hines Interests Partnership LP purchases the 106,000-sf Linbrook Office Park here for $194 per sf with plan to re-trade the buildings individually over the next several years.
KIRKLAND, WA-Hines Interests Partnership LP purchases the 106,000-sf Linbrook Office Park here for $194 per sf with plan to re-trade the buildings individually over the next several years.
LOGAN TWP., NJ-Liberty Property Trust is the seller of the multi-purpose buildings, which carried a price tag of approximately $21 million or $53 a foot.