Real Estate Weekly articles from March 2007

Real Estate Weekly archives from March 2007

The Real Estate Board of New York's Members Luncheon was held in the Hilton Hotel on February 27.
March 7, 2007... [ILLUSTRATION OMITTED] Caption: The Real Estate Board of New York's Members Luncheon was held in the Hilton Hotel on February 27. Guest speakers debated on the topic "Transactions in the market; Market forces and conditions." Pictured I-r:...

Lehman having second thoughts?
March 7, 2007... Lehman Brothers may not be as interested in a new Manhattan office tower as recent speculation has suggested. The firm is currently negotiating a massive 400,000 s/f lease at 1271 Avenue of the Americas, where the building's landlord, the...

ESDC moves to buy Farley Post Office.
March 7, 2007... The Empire State Development Corporation moved to acquire the Farley Post Office last week and could seek state approvals necessary for the $230 million purchase as early as this month. The building's acquisition is integral to a sweeping...

Downtown rail link tunnel plan nixed?
March 7, 2007... Downtown's business interests have never liked the way that Lower Manhattan has always had to play second fiddle to Midtown's dense transportation infrastructure. It's one of the main reasons why many real estate experts say the area's...

Alliance Building Services recently hosted a party at Manhattan hot spot, Latin Quarter Nightclub, to celebrate the company's record-setting growth in 2006.
March 7, 2007... [ILLUSTRATION OMITTED] Caption: Alliance Building Services recently hosted a party at Manhattan hot spot, Latin Quarter Nightclub, to celebrate the company's record-setting growth in 2006. Baseball greats, Mookie Wilson and Jim Leyritz,...

Starrett City sale shelved by HUD.
March 7, 2007... U.S. Housing and Urban Development (HUD) secretary, Alphonso Jackson, has denied Clipper Equity, led by David Bistricer and Sam Levinson, the right to close the $1.3 billion deal to buy Starrett City. Stating that the buyer has not provided...

Related buys 10th Avenue trophy.(Somerset Partners)(mergers and acquisitions)
March 7, 2007... Somerset Partners announced that it has signed a definitive agreement to sell one of its trophy office properties, 85 Tenth Avenue, to Related, the New York City real estate development company headed by CEO Stephen M. Ross, for approximately...

City beats the drum for TRIA.
March 7, 2007... Government officials, leading New York developers and the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises met in City Hall on Monday in the first New York hearing to discuss extending...

Loeb & Loeb LLP.(WHO'S NEWS)
March 7, 2007... Loeb & Loeb LLP announced that Raymond A. Sanseverino, current chair of the firm's national commercial real estate leasing practice, will also assume the role of chair of the firm's New York Real Estate Department. As chair of the New York...

CB Richard Ellis has promoted ten brokerage, consulting, retail and agency group professionals.(WHO'S NEWS)
March 7, 2007... CB Richard Ellis has promoted ten brokerage, consulting, retail and agency group professionals. The following individuals were promoted to vice president: Doug Dolgoff. In his six years with CBRE, Dolgoff has worked with companies across a...

Scott Miller has joined CB Richard Ellis as vice president of the firm's market-leading Long Island operations.(WHO'S NEWS)
March 7, 2007... Scott Miller has joined CB Richard Ellis as vice president of the firm's market-leading Long Island operations. Miller will work closely with Bruce Nelson, vice president investment properties, in overseeing the firm's private client group...

Cushman & Wakefield announced the promotion of Phil D'Avanzo to the position of director.(Brief article)
March 7, 2007... Cushman & Wakefield announced the promotion of Phil D'Avanzo to the position of director. He is based in the firm's Long Island office, located in Melville, N.Y. D'Avanzo joined Cushman & Wakefield in 2002 as a commercial leasing and sales...

Stroock & Stroock & Lavan LLP.(appointment of Glenn Borin )(Brief article)
March 7, 2007... Stroock & Stroock & Lavan LLP announced that Glenn Borin has joined the firm as co-manager of the firm's Tax Certiorari Practice. Additionally, the firm has elevated Joseph B. Giminaro to co-manager of its newly expanded practice, which...

Union State Bank.(WHO'S NEWS)
March 7, 2007... Union State Bank announced the promotion of Tamara A. Napolitano, marketing product analyst II, to assistant treasurer. Napolitano joined Union State Bank in 2001 as an intern in the marketing department. Since then she has served as...

Massey Knakal.(Massey Knakal Realty Services Inc.)(Brief article)
March 7, 2007... Massey Knakal announced the foiling sales: * A vacant Polish national church at 155-161 15th Street in the Park Slope section of Brooklyn for $3,850,000. The property is located on the north side of 15th Street between 4th and 5th Avenues....

Besen & Associates.(Sales)
March 7, 2007... Besen & Associates announced the sale of 114-02-04 Sutphin Blvd, Jamaica, Queens, AKA 149-10 Linden Blvd. The site is a 1-story retail comer consisting of 5 stores that sold for $1,475,000. Christen Portelli, Lynda Blumberg, Amit Doshi, and...

Kalmon Dolgin.(Sales)
March 7, 2007... Kalmon Dolgin Affiliates has arranged the sale of two adjacent warehouses located at 42-31 Crescent Street and 42-34 27th Street in the Long Island City section of Queens, NY totaling 7,000 s/f for $2.7 million. Vincent Lopez represented both...

Eric S. Goldschmidt, senior partner at Scarsdale, NY, based Goldschmidt & Associates.(Agents)
March 7, 2007... Eric S. Goldschmidt, senior partner at Scarsdale, NY, based Goldschmidt & Associates announces that his company has been recently named exclusive agents for the following properties: * 2 Madison Avenue, Larchmont, NY, 1,500--15,000 s/f...

Husband and wife team moves to build a legacy.(PROFILE OF THE WEEK)
March 7, 2007... When Jeffrey Sodine told his mother he was leaving school to work as a moving man, she predicted he was headed down a fast track to nowhere. Twenty-five years on, Sodine is the owner of Eagle Transfer Corporation, one of the most...

SL Green ponders its options for Grand Central portfolio.
March 7, 2007... SL Green Realty Corp. announced that it has entered into an agreement to acquire 331 Madison Avenue and 48 East 43rd Street for a total of $73 million from a group of private investors. Both 331 Madison Avenue and 48 East 43rd Street are...

Brack plans hotel at midtown site.
March 7, 2007... Brack Capital Real Estate--USA has acquired 63-67 West 35th Street for $31 million from Icon Parking, it was announced by Moshe Azogui, CEO of Brack USA. Azogui said he plans to develop an upscale hotel with 300 rooms in the heart of...

High Line development site hits market with $52M price.
March 7, 2007... A prime block-thru development site at 511 West 21st Street between Tenth and Eleventh Avenues is on the market through Eastern Consolidated. Adjacent to the High Line between 21st and 22nd Streets, this is the premier development site in...

Condo opportunity on the Gold Coast.
March 7, 2007... Marcus & Millichap Real Estate Investment Brokerage Company has the exclusive listing for 1300 Manhattan Ave., a 4.88-acre, 55-unit condominium development opportunity on the Gold Coast of New Jersey in Union City. David E. Thurston, a...

Investors buy and hold plan for site.(Brief article)
March 7, 2007... Marcus & Millichap Real Estate Investment Brokerage Company announced the sale of a 1.69-acre development site on 21st Street in Long Island City, NY for $13.6 million. Glen Kunofsky and Mark Gjonbalaj of Marcus & Millichap's Manhattan...

LIC hotel plan.
March 7, 2007... A 5,000 s/f former limousine dispatch center building located at 38-30 Crescent Street in Long Island City, has been sold to make way for a 25,000s/f boutique hotel. This $2.6 million sale price represents $64.00 per buildable square foot. ...

Around town: events seminars meetings talks.(Calendar)
March 7, 2007... UJA-REX Luncheon Mar. 7: UJA-Federation of New York's Real Estate and Allied Trades Division's Young Real Estate Executives (REX) will honor Howard M. Glatzer of The City Investment Fund, at its annual luncheon at The Waldorf-Astoria, Park...

Radio network tuned in to Tishman tower.
March 7, 2007... CB Richard Ellis announced this week that it has arranged a 45,000 s/f renewal at 1270 Avenue of the Americas on behalf of Premiere Radio Networks, Inc. CBRE's Clyde Reetz, a senior vice president in the firm's Midtown office, represented...

Moinian announces 30,000 s/f in deals.
March 7, 2007... The Moinian Group, which owns and manages more than 20 million square feet of office, residential, retail and hotel properties throughout the U.S. and abroad, announced 27,858 s/f in new leasing activity throughout the firm's Manhattan...

CRESA moves tenant closer to employees.
March 7, 2007... CRESA Partners has negotiated an 11,569 s/f lease on behalf of SER Solutions, Inc., at Merritt 8 Corporate Park in Stratford, CT. The tenant has leased the second floor for three years. "SER Solutions, which provides contact center...

Germans re-think triple-digit rents and sub-lease pricey digs.
March 7, 2007... CRESA Partners has negotiated a deal enabling E.ON North America, Inc., to sublease 10.612 s/f to Travelport, Ltd. at the Chrysler Building at 405 Lexington Avenue, said Jack Petrie, CRESA Partners senior vice president. E.ON North America...

Sub-tenant grows into 13,000 s/f tenancy.
March 7, 2007... Colliers ABR, Inc. announced that Demos, a nonpartisan policy, research and advocacy organization focused on the improvement of democracy, citizenship and governance across America, has signed a 10-year lease for 13,300 s/fat 220 Fifth Avenue....

City signs 15-year lease for Brooklyn terminal.
March 7, 2007... New York City Economic Development Corporation (EDC) president Robert C. Lieber announced that a lease with the Axis Group has been finalized paving the way for the development of a maritimedependant auto processing and general cargo facility...

CBRE tapped to lease LCOR's new-look 545 Madison retail.(CB Richard Ellis)(contracts)(Brief article)
March 7, 2007... LCOR has selected CB Richard Ellis as the broker for 7,080 s/f of retail space at 545 Madison Avenue. Located in the prestigious Plaza District, 545 Madison Avenue is being stripped to its steel and concrete frame and a new building will...

Mexican favorite takes Green space.
March 7, 2007... SL Green Realty Corp. announced that it has completed a new 15-year lease with Chipotle Mexican Grill covering 5,478 s/f at 470 Park Ave South. Chipotle Mexican Grill is a wildly popular quick service restaurant offering high-quality raw...

Luxury caterer takes up residence at Atelier.
March 7, 2007... The Moinian Group has completed a transaction with Capitale's Seth Greenberg who signed a 10-year lease for 15,000 s/f of retail space on the street level of Atelier, a 46-story condominium tower located between 10th and 11th avenues. At...

Pictured at the grand opening of Long Island City's newest Class-A office tower.
March 7, 2007... Caption: pictured at the grand opening of Long Island City's newest Class-A office tower. Court Square Place, in Queens, N.Y., are (l-r): Greg Smith, executive vice president of JRT Realty Group, who is spearheading the leasing and mnagement...

Westchester specialists join retail network.(Retail Brokers Network)(Brief article)
March 7, 2007... Aries Deitch & Endelson, the Westchester County, NY based firm, specializing in the leasing, management and sale of retail real estate, announced that it has become a partner in the Retail Brokers Network, a network of 41 brokerage agencies...

Grubb & Ellis Company (NYSE: GBE).(New York)(Brief article)
March 7, 2007... Grubb & Ellis Company (NYSE: GBE) announced the following leases: * The leasing of 7,674s/f of office space at 25 Hanover Road, Florham Park to Defined Healthcare Research, Inc. by 25 Hanover Road, LLC. Bob Lee represented the lessee in...

Besen Retail.(New York)(Brief article)
March 7, 2007... Besen Retail announced the following leases: * A 1400s/f lease at 432 2nd Avenue in Manhattan for Papa John's Pizza. Besen Retail represented the tenant in this transaction. * A 1050s/f lease at 104 West 83rd Street in Manhattan for...

ABS Partners Real Estate, LLC.(New York)
March 7, 2007... ABS Partners Real Estate, LLC announced the following leases: * A 3,700s/f lease on the third floor at 184 Fifth Avenue with Metropolitan Property Group, a Real Estate Brokerage Services Company. John Gols and Ben Waller represented both...

Mitsubishi Chemical American has chosen to remain at its current location at Gateway, a Class A office property located at 1 North Lexington Avenue in downtown, White Plains.(New York)
March 7, 2007... Mitsubishi Chemical American has chosen to remain at its current location at Gateway, a Class A office property located at 1 North Lexington Avenue in downtown, White Plains. The company has signed a new 5-year lease for 5,418s/f. William...

Mack-Cali Realty Corporation.(New York)
March 7, 2007... Mack-Cali Realty Corporation announced four lease agreements in Westchester: * Singer Holding Corporation, a home heating oil supplier, renewed its lease of 15,000 s/f at 500 Executive Boulevard in Elmsford. Ivan Abry, inhouse senior...

Manhattan Commercial Realty announced a 10-year lease at 42 Broadway.(New York)
March 7, 2007... Manhattan Commercial Realty announced a 10-year lease at 42 Broadway. Oshman & Mirosola LLP leased an 8,000 s/f office space. Robert Bielsky, principal of Manhattan Commercial Realty, represented Oshman & Mirosola LLP and Thomas Hettler of The...

Onyx Equities, LLC.(New Jersey)
March 7, 2007... Onyx Equities, LLC announced the following leases at its Rockaway 80 Corporate Center: * Warner Chilcott (US), Inc. has expanded its space to 57,720s/f and extended its lease. Jack Fatigati and Jim Garibaldi of The Garibaldi Group...

GVA Williams New Jersey completed a 9,187 s/ f headquarters lease on behalf of RAI Credit, LLC, a specialty finance company, at 21 Main Street in Hackensack, New Jersey.(New Jersey)(Brief article)
March 7, 2007... GVA Williams New Jersey completed a 9,187 s/ f headquarters lease on behalf of RAI Credit, LLC, a specialty finance company, at 21 Main Street in Hackensack, New Jersey. GVA Williams New Jersey's executive vice president Frank Gunsberg...

Key Properties LLC, owners of 120 Commerce Road, Carlstadt, has leased 25,440 s/f to Stall & Dean Manufacturing Co., announced Mare Schlussel, partner of Key Properties.(New Jersey)
March 7, 2007... Key Properties LLC, owners of 120 Commerce Road, Carlstadt, has leased 25,440 s/f to Stall & Dean Manufacturing Co., announced Mare Schlussel, partner of Key Properties. Stall & Dean, a manufacturer of athletic goods for over 100 years, plans...

W&M Properties.(CONNECTICUT)
March 7, 2007... W&M Properties announced the lease renewal of Spherion Corporation at First Stamford Place for another five years. Spherion has been a tenant at 100 First Stamford Place since 2001, occupying 3,440 square feet on the first floor. Jeffrey H....

1.5M s/f CT campus attracting lots of buyer attention.(contracts )(Brief article)
March 7, 2007... Bayer HealthCare, one of the leading international health care companies, recently named CB Richard Ellis the exclusive sales agent for its West Haven location, a diverse mixed-use property located at 400 Morgan Lane in West Haven, CT. ...

C&W to lease Greenwich building.
March 7, 2007... Hines and Cushman & Wakefield announced the appointment of Cushman & Wakefield as exclusive leasing agent for 33 Benedict Place, a 126,810 s/f Class-A office building located in Greenwich, Conn. The property is owned by a partnership of...

Andalex sells its Albany trophy.
March 7, 2007... Andalex Group COO Alexander Silverman announced the sale of 90 State Street in the State Capitol's downtown office district. The office building was sold to 90 State Street, LLC, an owner/developer active in the Albany area. Originally...

RexCorp signs 20,000 s/f platinum mile tenant.(Company overview)
March 7, 2007... RexCorp Realty LLC has announced that Henry Schein, Inc., the largest distributor of healthcare products in both the US and Europe, has signed a long-term, 20,427 s/f lease at the Company's trophy Westchester office park. The Platinum Mile...

GVA Williams expands reach into New England market.(GVA Thompson Doyle Hennessey & Stevens )
March 7, 2007... GVA Thompson Doyle Hennessey & Stevens of Boston will merge into GVA Williams, a leading New York City commercial real estate firm. GVA Williams' expanded reach will now extend from New Jersey through the New England states. Adopting...

CBRE buys leading Italian retail brokerage.(CB Richard Ellis Group mergers with EDConsulting)(Brief article)
March 7, 2007... CB Richard Ellis Group, Inc. announced the acquisition of EDConsulting, a leading commercial real estate services company in Italy specializing in retail properties. The acquisition of EDConsulting is another integral step in CB Richard...

Carey buys CO pharma-plant.(NATIONAL ROUND-UP)
March 7, 2007... COLLINS, CO: W. P. Carey & Co. LLC has completed the acquisition of a 65,000 s/f pharmaceutical manufacturing facility in Fort Collins, Colorado. The $13.6 million purchase was made on behalf of W. P. Carey's affiliated fund, Corporate...

Fish plant closes sale-leaseback.(NATIONAL ROUND-UP)
March 7, 2007... GLOUCESTER, MA: Angelo, Gordon & Co. announced that AG Net Lease Realty Fund, L.P. completed a sale-leaseback transaction with Good Harbor Fillet Company LLC, a leading manufacturer of value-added frozen fish products. This deal marked the...

Swig partners with Mitsui Fudosan to add 300,000 s/f tower to San Francisco portfolio.(NATIONAL ROUND-UP)
March 7, 2007... SAN FRANCISCO, CA: The Swig Company and Mitsui Fudosan America, Inc. announced the purchase of 180 Montgomery Street, a 300,000 s/f Class A office building in the heart of San Francisco's financial district. The seller was a locally based...

ING's $90m solash in medical office market.(NATIONAL ROUND-UP)
March 7, 2007... NEW YORK, NY: ING Clarion Partners, a leading real estate investment advisory firm, has entered into a major new joint venture program with Montecito Medical Investment Company to acquire medical office properties across the country, it was...

JV makes Baltimore multi-family deal.(NATIONAL ROUND-UP)
March 7, 2007... BALTIMORE, MD: Star/Hirsch Portfolio, L.L.C., a joint venture of Hirschfeld Properties LLC of West Hartford, Connecticut, and Starwood Capital Group Global, L.L.C. of Greenwich, Connecticut, has acquired 3,192 multi-family rental apartments in...

Panelists address facts and myths of forming strategic alliances.(Discussion)
March 7, 2007... Embedding diversity into daily operations has become commonplace at today's Fortune 500 companies, where corporate managers continually strive to seek the widest source of suppliers that reflect their employee and consumer population. As a...

Onyx purchases Sealfon's Building.(Onyx Equities LLC)(Brief article)
March 7, 2007... Onyx Equities, LLC has acquired 257 East Ridgewood Avenue, the 42,000 s/f office/retail building known as the Sealfon's Building in downtown Ridgewood, N.J. The seller was Magnolia Partners, LLC. Said Jonathan Davis, Onyx Equities' vice...

Buyers plan to upgrade portfolio.
March 7, 2007... GVA Williams New Jersey represented LWS II Real Estate LEa partnership between Lincoln Property Company and Goldman Sachs Whitehall Fund, in the sale of a 207,671 s/f office portfolio consisting of 199 Pomeroy Road and 959 Route 46 East in...

130,000 s/f processing facility opens.(Global Document Solutions )(Brief article)
March 7, 2007... Global Document Solutions (GDS), a leading supplier of integrated business communications and document processing services, announced the opening of a 130,000 s/f state-of-the-art document processing facility in Carlstadt, New Jersey. The...

Residential/retail portfolio sold for $52m.(Simon Gluck)
March 7, 2007... Gebroe-Hammer recently completed two major transactions totaling $52 million in southern New Jersey. The activity included a two-property package sale in Lindenwold and Haddonfield, and the sale of a residential complex with high-end retail...

CBRE tapped to lease 210,000 s/f two-center Class A office complex.
March 7, 2007... CB Richard Ellis has been appointed the exclusive leasing agent for a 210,000 s/f Class A office portfolio on behalf of the owner, Herring Terramax Developers. The portfolio consists of Parsippany Place, a 135,000 s/f, five-story office...

Jeffrey Finn named new chief executive at NAI Global.(Brief article)
March 7, 2007... NAI Global announced the promotion of Jeffrey M. Finn to president & chief executive officer. Finn previously served as president & chief operating officer. Gerald C. Finn, the company's founder and prior CEO, continues to serve as...

Trammell team heads to Houlihan Lokev.
March 7, 2007... Houlihan Lokey announced that its Real Estate, Lodging and Leisure Group has expanded existing real estate services beyond its traditional corporate finance and advisory services to include asset level real estate solutions. To drive this...

NAI Global.(WHO'S NEWS)
March 7, 2007... NAI Global announced that Robert Lordi has joined the company as vice president of corporate Services. Based in NAI's Princeton, New Jersey, headquarters, Lordi is responsible for managing existing corporate services accounts and...

The Northern New Jersey office of Studley announced the promotion of Gregg K. Najarian to corporate managing director.(WHO'S NEWS)(Brief article)
March 7, 2007... The Northern New Jersey office of Studley announced the promotion of Gregg K. Najarian to corporate managing director. His former title was managing director. Najarian specializes in representing major corporations and law firms with their...

The Cornerstone Property Group.(appointment of Mark Merlis )(Brief article)
March 7, 2007... The Cornerstone Property Group announced the appointment of Mark Merlis to its growing team of talented commercial real estate professionals. Before and after getting his Ph.D., Merlis taught such subjects that included business...

Robert K. Futterman & Associates, LLC.(WHO'S NEWS)(promotions of Ariel Schuster)(Brief article)
March 7, 2007... Robert K. Futterman & Associates, LLC announced the promotions of Ariel Schuster to senior managing director and Diana Chace to senior director. Schuster, who previously was a managing director, has six years experience in landlord and...

The Teicher Organization.(WHO'S NEWS)(appointments of Bruce A. Hecht and Maureen Amador)(Brief article)
March 7, 2007... The Teicher Organization recently announced the addition of two new members in its financial department. Bruce A. Hecht has been named chief financial officer for the East Brunswick, NJ-based residential and commercial developer where he...

Sterling Equities and Sterling American Property Inc.(WHO'S NEWS)
March 7, 2007... Sterling Equities and Sterling American Property Inc. has announced the promotion of Gregory P. Nero to the position of general counsel. Previously acting as deputy general counsel for Sterling Equities and the Sterling American Funds, Nero...

Vanguard Title Agency, Inc.(WHO'S NEWS)(appointment of Joseph N. Friedman)(Brief article)
March 7, 2007... Joseph N. Friedman, who helped build two of the largest title insurance companies in the country, has been named executive vice president and general counsel of Vanguard Title Agency, Inc. The appointment of Friedman is intended to give...

GE Real Estate.(WHO'S NEWS)
March 7, 2007... GE Real Estate announced that Jayne L. Day, vice president & chief risk officer, has been named a General Electric Company officer. Day joined GE in 1991 as a finance manager for the Portfolio Acquisition Team and for the last 13 years has...

CB Richard Ellis.(WHO'S NEWS)(appointment of Steve Swerdlow)(Brief article)
March 7, 2007... CB Richard Ellis has named Steve Swerdlow to the position of president of the Western United States Division. Swerdlow most recently served the company as president of Global Corporate Services and will be based in Southern Californi. In...

Law firm continues to grow with opening of new offices.
March 7, 2007... In a major expansion move to accommodate its rapidly growing practice in the region, Cuddy & Feder LLP, one of the area's leading law firms, has opened new offices at 445 Hamilton Avenue in the heart of downtown White Plains. The law firm....

Townhouse complex is sold to condo converter.
March 7, 2007... Stone Ridge Manor, an eight-building luxury townhouse complex located in the award-winning Edgemont School District of Westchester County has just traded for $19.5 million Eastern Consolidated's executive directors Ronald A. Solarz and...

JLL in the Loop on hotel sale.
March 7, 2007... CHICAGO, IL: On behalf of StoneLevy, LLC, Investment Advisor to the Teachers' Retirement System of the State of Illinois, Jones Lang LaSalle Hotels arranged the sale of the Holiday Inn Chicago City Centre to CCC Hotel Partners, LLC--a joint...

BPG collects BOMA award.(BPG Properties Ltd. gets Building Owners and Managers Association International award)(Brief article)
March 7, 2007... PHILADELPHIA, PA: BPG Properties, Ltd. (BPG) announced that Building Owners and Managers Association (BOMA) International has recognized 200 East Sandpointe with the prestigious 2006 TOBY (The Office Building of the Year) Award in the...

Office park loan.
March 7, 2007... HOUSTON, TX: Dan Spears of iCap's Houston office recently arranged a $1,925,000 loan for the acquisition of an office park building in Southlake, Texas, a northern suburb of Dallas. The 19,582 s/f property was built in 2006. is currently...

ING pays $62m for San Diego tower.(mergers of ING Clarion Partners)(Brief article)
March 7, 2007... SAN DIEGO, CA: ING Clarion Partners, a leading real estate investment advisory firm, has acquired the Plaza Del Mar III in the Del Mar Heights submarket of San Diego for $61.6 million. The purchase of the four-story, 114,166 s/f Class-A...

Carey completes medical facility sale-leaseback.
March 7, 2007... ST. CHARLES, MO: Investment firm W. P. Carey & Co. announced that it has completed the acquisition of an approximate 103,000 s/f medical office facility in St. Charles, Missouri. The $21.6 million purchase was made on behalf of W.P. Carey's...

Praedium JV buys CA complex.(Praedium Group LLC and ORION Property Partners acquire Irvine Spectrum Office Plaza Class-A office complex)(Brief article)
March 7, 2007... IRVINE, CA: The Praedium Group LLC and ORION Property Partners announced the acquisition of the Irvine Spectrum Office Plaza for $15.1 million. The property was acquired from Banyan Realty Group. The three-story, 65,030 s/f Class-A office...

Marcus & Millichap completes cross-country sale.(Marcus & Millichap Real Estate Investment Brokerage Company)(Brief article)
March 7, 2007... ELMWOOD PARK, NJ: Marcus & Millichap Real Estate Investment Brokerage Company announced the sale of 8 single-tenant net leased drug stores in the past six weeks. The sale of four Walgreen's pharmacies, two Rite Aids, one CVS and one...