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NEW YORK CITY-Jerry Speyer sells off more than 75% of the 35-story tower, which is valued at close to $300 million. The buyer is a JV of Atlanta-based Germania of America Inc. and its German institutional investors.
MIAMI-The Dec. 7-8 Miami Beach expo is expected to draw more than 300 exhibitors, including commercial developers, brokers, financial institutions and interior designers, and more than 2,000 attendees from around the world.
EMERYVILLE, CA-After putting 80,000 sf in the building on the sublease market last year, the software firm, which controls 344,433 sf in the building, adds another 20,000-sf to an office market currently averaging a 37% vacancy rate.
CHICAGO-A number of Chicago-area commercial real estate brokers have banded together to open Lee & Associates of Illinois, which represents a major movement of the West Coast-based company into the Midwest.
PORTLAND-Three executives who will be intricately involved in major redevelopment projects throughout the Northeast quadrant of the city's central business district will discuss the past, present and future of the area Thursday morning at the Multnomah Athletic Club.
AURORA, CO-The Chicago-based multifamily rental investor acquires the 21-building, 394-unit property at a capitalization rate of 6.99%. It was completed last year by Houston-based Allied Realty and 88% leased at closing.
HIGHTSTOWN, NJ-Under the agreement, the new NAI Commercial Real Estate Solutions is expected to expand the networks and client services of the two partners.
ORLANDO-Buffalo, NY-based Delaware North Parks Services of Spaceport Inc., is paying an estimated $2 million for the 300,000-sf Astronaut Hall of Fame in Titusville, FL and about 700,000 sf of nearby maintenance and storage properties, 45 miles southeast of Downtown Orlando.
ATLANTA-A locally based partnership of Superior Building Co. and Martin-Marietta Aggregates has sold the vacant 24,000-sf former headquarters of the Mexican Consulate in Raleigh, NC to Raleigh Commercial Real Estate and Development for $635,000. The buyer plans a $500,000 renovation.
LONDON-Haslemere, the Rodamco subsidiary taken over by Brack Capital earlier this year, has raised pounds 115 million ($180 million) with the sale of a portfolio of 14 industrial properties to the Industrial Property Investment Fund and the BT Pension Fund.