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NEW YORK CITY-The boutique office tower in the Plaza District changed hands last week to American Realty Advisors, for whom it's the first Midtown acquisition.
HOUSTON-Jeff Hines is co-owner, president and CEO of Hines, a privately owned, international real estate firm that develops, owns and manages commercial real estate properties.
NEW YORK CITY-Hines US Core Office Fund, which has owned 425 Lexington and 499 Park since 2003, has sold both assets for more than $1 billion in two separate deals.
HOUSTON-<br>DEALTRACKER</b>-The financial institution takes the space at Northbelt Atrium II in the north submarket. Additional southwest commercial real estate news follows.
HOUSTON-Engle is vice president-corporate engineering, while Bradford takes on the role of vice president-corporate operations. Both are operating out of Hines headquarters at Williams Tower.