TPG/CalSTRS LLC, an affiliate of Thomas Properties Group (NASDAQ: TPGI), concluded its sale of Brookhollow Central, an 806,004-square-foot, three-building property in Houston, TX. Parmenter Realty Partners, a Miami, FL-based commercial real estate company, acquired the assets for $ 71
Reuters – Asian shares rose to a one-month high and the euro clung near its strongest in a week on Friday as strong demand in Spanish and Italian debt sales tempered risk aversion ahead of another auction from Rome later in the day. Yahoo! News: Business News
Private-equity kingpin Blackstone Group (NYSE: BX) made its latest foray into commercial real estate, joining forces with DDR Corp. (NYSE: DDR) in a deal to acquire a shopping center portfolio from EPN Group, an affiliate of Tel Aviv-based Elbit Imaging Ltd. The transaction, which is
Vornado Realty Trust in Paramus, NJ, completed a $ 330 million refinancing of Eleven Penn Plaza, a 1.1 million-square-foot Manhattan office building. The 7-year loan bears interest at LIBOR plus 2.35%, about 2.64%. The loan amortizes based on a 30-year schedule beginning in the fourth
When you manage or own commercial investment property, the reading and interpretation of leases becomes common practice as you seek to protect the rental and the function of the asset for the landlord. A solicitor prepared lease will be the best way to go when it comes to getting a le