GE Capital Signs for 371,000 SF at 500 W. Monroe

GE Capital inked a 15-year lease to renew 292,000 square feet and expand to a minimum of 371,000 square feet at 500 W. Monroe in Chicago, IL. The expansion is scheduled for completion within two years. “GE Capital is committed to adding 1,000 jobs in the city of Chicago by 2014
Read More

Real Money: Kimco, Vornado, American Capital Each Pull in $1 Bil. or More

Kimco Realty Corp. in New Hyde Park, NY, closed on a $ 1.75 billion unsecured revolving credit facility replacing both the company’s $ 1.5 billion unsecured U.S. credit facility and a $ 250 million Canadian credit facility. The new facility, which can be increased to $ 2.25 bill
Read More

Farkas, Colony Capital In Talks To Acquire ‘Significant’ Stake In Grubb & Ellis

Just a few months after announcing plans to acquire NAI Global, a firm controlled by real estate investor Andrew L. Farkas is in exclusive talks to execute “a strategic transaction” with troubled commercial real estate services firm Grubb & Ellis Co. (NYSE: GBE). A subsidia
Read More

Capital Chases “Safety” of Sale-Leasebacks

The market for sale-leasebacks continue to mend. National Real Estate Investor
Read More

American Realty Capital Healthcare Trust Acquires Medical Portfolio for $61M

American Realty Capital Healthcare Trust, a New York-based property investment trust, acquired three medical office properties located in Phoenix, AZ, Carson City, NV, and Las Vegas. This portfolio was purchased from The Cirrus Group LLC for $ 60.9 million, or about $ 788 per square f
Read More

Beacon Capital Wins Bidding for 14 U.S. Office Buildings

Charter Hall Office REIT in Sydney, Australia, executed binding contracts to sell its interest in 14 U.S. office buildings for $ 1.71 billion to entities affiliated with Beacon Capital Partners LLC. The gross sale price represents a $ 35 million (or 2%) premium to the Dec. 31, 2010, b
Read More