CBRE Global Picks Up Mellon Bank Center in L.A.

CBRE Global Investors purchased the Mellon Bank Center, a 701,535-square-foot office building at 400 S. Hope St. in downtown Los Angeles, from an investment entity listed as 400 S. Hope Street Associates. The price was not disclosed. Tishman Speyer acquired the asset for $ 245 million
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Springtree Center Trades for $3.5M

Waterstone Capital LLC acquired the Springtree Center, a 46,760 square-foot retail center in Sunrise, Florida from Springtree LLC for $ 3.475 million, or about $ 74 per-square-foot. The retail center delivered in 1978 is located at 8027 West Oakland Park Boulevard in Sunrise. The cent
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Center for Allied Health & Nursing Leases 17,000 SF in Fort Lauderdale

The Center for Allied Health & Nursing Education signed a seven-year lease for 17,225 square feet in the Riverbend Building at at 2307 W Broward Boulevard in Fort Lauderdale, FL. The four-story office building totals 66,917 square feet and is located in the Riverbed Corporate Par
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Sime Realty Named Exlcusive Agent at Palmetto Bay Village Center

Grouper Financial Realty LLC has retained Sime Realty Corp. as the exclusive leasing agents for the Offices at Palmetto Bay Village Center. Located at 18001 Old Cutler Rd. in Village of Palmetto Bay, FL, the center is a three-building, 266,819-square-foot office park with beautiful vi
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Riviera Point Breaks Ground on Office Center

Riviera Point Holdings LLC broke ground on the Professional Center at Riviera Point, a 70,000-square-foot office complex in Miramar, FL. Located at the intersection of University Drive and the Florida Turnpike, the four-acre site will be comprised of two four-story office buildings. T
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T-Mobile Consolidating Call Center Ops; Ditching 7 Facilities

T-Mobile USA Inc. plans to consolidate its call center operations from 24 to 17 facilities by the end of June. “Concentrating call centers is an important step to achieve competitive cost structures to successfully compete as challenger and value player in the wireless market,&#
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Cohen Real Estate Capital Arranges $73M Acquisition Loan for Puerto Rico Shopping Center

Todd F. Cohen of Cohen Real Estate Capital LLC in downtown Orlando secured a $ 73 million acquisition loan to finance a 550,000-square-foot, grocery-anchored shopping center portfolio in Puerto Rico. Total debt came in at 90% of the purchase price at closing, including both a senior C
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REIT Buys Atlanta Data Center for $95 Million

Carter Validus Mission Critical REIT Inc. purchased the Peachtree Data Center in downtown Atlanta, GA, for $ 94.75 million. A private entity listed as 180 Peachtree Retail LLC sold the property to the partnership led by CV REIT and supported by three institutional investors. The trans
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Vinings at Town Center Sells for $42M

Archstone acquired the Vinings at Town Center at 5881 Town Bay Drive in Boca Raton, FL for $ 42 million, or about $ 167,000 per unit, from AEW Capital Management LP. The property is a 252-unit apartment community that totals 280,200 square feet on 12.3 acres. The buildings were constr
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Aztec Group Secures DPO Financing for Gateway Center

Aztec Group, Inc. secured refinancing money in the amount of $ 6,412,500 for the owners of Gateway Center, a retail building located at 2000 E. Sample Rd. in Lighthouse Point, FL. Howard Taft, senior managing director and Charles Penan, director of Aztec Group arranged the financing t
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