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SEATTLE, WA-With several successful dispositions under its belt, Colliers International forms a division specifically to provide semiconductor manufacturers with expertise in facility brokerage, valuation, capacity analysis, tax appeal and negotiated tax settlement services.
ATLANTA-Locally based Commercial Equity Partners Ltd. paid Spalding Triangle LLC of Boston $86.06 per sf for the 17-year-old, three-building, 91,209-sf property in the Peachtree Corners area of suburban Norcross, GA.
RICHARDSON, TX-Less than a month after buying the note, Granite Properties forecloses on a Telecom Corridor property, once leased to Nortel. Elman Investors of New York City has owned the building since 1989.
CLEVELAND-The retail REIT tells GlobeSt.com it has collateralized the loan with 10 shopping centers it owns and will use the proceeds to pay down debt and fund ongoing capital needs.
BOSTON-Harvard University's bid of $75 million for 90 acres in Allston looked like a shoo-in, but some officials are objecting to the sale of the property, which is right near a number of rail yards. The Turnpike Authority owns the acreage.
HOUSTON-The Houston REIT will bring to market a series with a 6.75% annual dividend interest rate to raise proceeds to redeem one with a 7.44% rate. The new stock series will be available in May. Wachovia is the offering's sole bookrunning manager.
NEW YORK CITY-The Big Apple is holding on to yet another law firm as the labor, employment and health team of Epstein Becker & Green PC sign on for 16 more years at its Park Ave. headquarters. The firm is expanding to 99,241 sf in a deal valued at $75 million.
CHICAGO-The next step is talks involving expansion of the Wrigley Field bleachers, additional night games, and "neighborhood protection" addressing safety and traffic complaints. "The city's efforts to listen to our concerns and work with us, even as we were at odds over the need for this designation, are a good sign for the process that lies ahead," says Cubs president and CEO Andrew B. MacPhail.
ORLANDO-The closing of a nine-property, $89-million transaction is the final phase of a $255-million deal with Marriott Senior Living Services Inc. that marks the largest transaction in CNL Retirement Properties Inc. company history.