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PORTLAND-Formed by the merger of CPS/CORFAC and Integrated Commercial, the new firm Integrated Corporate Property Services LLC combines the best of both brokerage houses.
LONDON-Corus & Regal Hotels has sold the Maitland Hotel, Shandwick Place, Edinburgh to the Townhouse Group for close to the asking price of pounds 4 million ($6.7 million).
PORTLAND-Sperry Van Ness continues its expansion plans across the nation and in Oregon with the naming of two new senior advisors in the local marketplace.
MIAMI-Blue Capital U.S. East Coast Real Estate LP purchased the 47-story skyscraper here for $148.48 per sf. The seller was a partnership of the California Public Employees' Retirement System and Hines. Hines will be the project's property manager and leasing agent.
PHOENIX-Total Lighting and Control pays about $40 per sf to vacate its role as tenant in the 12,500-sf industrial building at 4043 E. Magnolia St. By changing the status, the lighting company plans to take over the building's 8,000-sf remainder balance.
NEW YORK CITY-One of Manhattan's longest real estate battles has come to a conclusion. Donald Trump and insurer Conseco Inc. have mutually agreed to sell the GM Building.
TAMPA, FL-Triple Net Properties LLC of Santa Ana, CA pays $51.12 per sf for NNN Netp@rk LLC, a two-story, 919,405-sf office and technology center. Cohen Financial arranged the financing through Fleet National Bank.
BOSTON-The corporate real estate in the metro Boston area receives mixed news from CRESA Partners' managing director, who predicts that, while rents have gone as low as they will, they will probably stay there for the next two years.
FORT WORTH-The Corona, CA, buyer acquires the Oak Hollow Apartments, a 93%-leased asset bought for the economies of scale by owning two properties in the same neighborhood. A $2.9-million loan had to be assumed to get the deed.