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HOUSTON-The owner of the 75-story, 1.7-million sf Chase Tower has secured a $125- million debt refinancing. It's just another Tom Melody of LJ Melody & Co. deal. In the past five years, he has completed $800 million in deals for CBD building owners.
ATLANTA-The global pension fund is expected to pick a broker by June 1 to sell its 50% interest in the trophy Three Ravinia Drive building and office properties in Washington, D.C., Cincinnati and other markets. The local office of New York-based Eastdil Realty is on the short list of final candidates.
HOUSTON-Hines jumps on board an energy conservation call, vowing to double its number of EPA-designated Energy Star buildings. Five of Hines' Houston office structures already carry the designation.
NORFOLK, VA-Harbor Group International, based here, purchased the 16-story, 650,000-sf Indianapolis trophy property from National Office Partners. The twin towers, which take up a city block, are nearly fully leased.
FALLS CHURCH, VA-The broadband provider that boasted several giant real estate firms as corporate partners--and had the backing of Microsoft and Sun Microsystems--has filed for Chapter 11 protection.
SAN DIEGO-Crews broke ground in August 2000 on the Aztec Athletic Center/Hall of Fame at San Diego State University, and the project is on target for completion this summer.
FALLS CHURCH, VA-REITs that had teamed up with beleaguered BroadBand Office found themselves scrambling to make sure the fraction of their tenants using the company's services aren't suddenly cut off.
HOUSTON-UniLev Capital Corp. has added the 619,000-sf Phoenix Tower to its Houston portfolio. The investment firm, which has been buying Houston properties for the past decade, has put up $66.5 million for the class-A property.
HOUSTON-Hines and Benchmark Hospitality have opened the doors on the $43-million, 214,000-sf The Chattanoogan, a hotel and conference center. The Tennessee project has been one year in the making.