Tahoe's Choice Real Estate, Mortgage, & Business Brokerage

KBS Acquires 300 N LaSalle for $655 Million

7/30/2010 1:23 AM

In Chicago's largest commercial real estate transaction this year, KBS REIT II has acquired 300 N LaSalle St. for $655 million, or $503 per square foot, according to an SEC filing. KBS primarily financed the purchase with proceeds from a five-year.....Read More

iStar Portfolio Fetches $1.3 Billion

7/29/2010 11:41 PM

Dividend Capital Total Realty Trust Inc., a Denver-based REIT, acquired a portfolio of 39 office and industrial properties for $1.3 billion from iStar Financial Inc. The portfolio is 99% occupied and consists of single-tenant corporate users. Neither.....Read More

Regulatory Reform: What Impact Will It Have On Commercial Real Estate?

7/28/2010 9:33 PM

The Dodd-Frank Wall Street Reform and Consumer Protection Act, signed into law by President Obama last week, is a cornerstone of Congress and the Administration’s financial regulatory reform agenda, creating the most sweeping changes in U.S. financial.....Read More

Retail Leasing Continues to Strengthen, But Investment Activity Remains Sluggish

7/28/2010 9:01 PM

Retailers, consumers and the general economy are clearly better off than they were a year ago -- and that’s translating into an increase in leasing acyivity and overall occupancy together with a deceleration in rent declines for retail property owners.....Read More

Former Brookfield Pres. Named CFO at General Growth

7/28/2010 5:55 AM

Steven J. Douglas, the former president of Brookfield Properties, was named executive vice president and chief financial officer/director of accounting and finance at General Growth Properties. He will head the firm’s finance operations as it emerges.....Read More

True Value Renews 1.2 Million SF in Harvard, IL

7/28/2010 4:00 AM

True Value Co. renewed 1.19 million square feet of warehouse space for 10 years in Harvard, IL. The distribution center, one of 12 the retailer-owned hardware cooperative owns in the U.S., will continue to ship products from this location to its stores.....Read More

Pritzker, Bozzuto Form $75M Multifamily Joint Venture

7/28/2010 2:15 AM

Pritzker Realty Group has partnered with The Bozzuto Group to establish a multifamily equity fund with an initial investment of $75 million. The fund will purchase and develop apartment communities in the Mid-Atlantic and Northeast with a primary focus.....Read More

Lease Up/Lease Down (July 25-31): Major NYC Deals for CBS, NFL & Healthfirst

7/28/2010 12:40 AM

CoStar compiles news of company expansions and relocations, as well as consolidations, closures and layoffs. Look for Lease Up and Lease Down every week, to stay updated on major corporate moves affecting commercial real estate. In this week's issue.....Read More

SL Green Signs CBS & Healthfirst to Major Office Deals

7/27/2010 8:18 PM

It was another landmark week for SL Green. The office REIT inked long-term deals for CBS Broadcasting and Healthfirst in Manhattan, while one of its subsidiaries closed two leases for PepsiCo and Citigroup in the Westchester/Southern Connecticut region.....Read More

Study Finds Commercial Retrofits Could Save $41B Annually In Energy Costs

7/28/2010 5:11 AM

Although energy-efficient retrofitting of commercial buildings has the potential to return twice as much in savings to owners and tenants as they require in investments, interest in pursuing retrofits has remained relatively low, dampened by the financial.....Read More