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PALO ALTO, CA-The $8.5-million stock and cash purchase of the Bellevue, WA-based factoring and asset-based lending company translates to 3.7 times EBITDA. CAPCO has approximately $28 million in commitments and $2.8 million in equity.
KANSAS CITY-Office space at the 32-story, previously long-vacant 911 Walnut are going for $7 per sf, about half the going rate for Class B Downtown space. The deal is in effect for tenants who sign by June 1.
WASHINGTON, DC-CarrAmerica Realty Corp. has purchased the Class A, 257,000-sf office building at 1919 Pennsylvania Ave. through a joint venture with an independent investor. The purchase price was not disclosed.
PORTLAND-Panattoni Development agrees to void its purchase option of 38.85 acres on the northeastern edge of the city in exchange for the right to acquire and develop the property from the Portland Development Commission, the new holder of the purchase option.
WALNUT CREEK, CA-Despite appeals filed by two groups earlier this year, Walnut Creek-based developer Blake Hunt Ventures still gets the go-ahead to build a 14-screen theater along Mt. Diablo Boulevard, but not before agreeing to trim the project by 3,000 sf.
CHICAGO-Los Angeles-based investment bankers Houlihan Lokey Howard & Zukin take 25,000 sf at Dallas-based Prentiss Properties Ltd.'s 537,000-sf 123 N. Wacker Dr. Aon Corp. is moving to new headquarters at 200 E. Randolph St.
AUSTIN-Brauntex Material, a quarry owner in New Braunfels, is being taken over by the world's second-largest producer of construction aggregates. Martin Marietta says the takeover complements its quarry expansion in the region.
CHICAGO-Tenants of 188 W. Randolph St. say the closing was "overkill," but city officials say their mandated precautions may save a life while they try to find a solution to falling terra cotta from the 46-story building.
ORLANDO-Lower cost of capital and lower interest rates will trigger a slight increase in activity this year, but buyers aren't picking up bulk portfolio sales as they did prior to 1999, Ronald J. Rogg tells GlobeSt.com.
SANTA CRUZ, CA-The 242,000-sf chip plant has been around since the early 1980s. Texas Instruments acquired the 18-acre property in 1996 from Silicon Systems Inc. "We've already had all kinds of interest this morning," says TI's real estate director Randy Welch.