TEL AVIV-Victor Schlesinger acquires the First International Bank building on Rothschild Boulevard here with plans to either rehab the office space or convert it for residential use.
PLAINFIELD, IN-The first of five planned buildings at the MetroAir Business Park here is under construction at Stafford Road and Ronald Reagan Parkway. The developer is a joint venture of Horn Properties and McShane Corporation.
MELBOURNE, AUSTRALIA-The international professional association serving corporate real estate executives taps Bruce Richards as its Australia and New Zealand region chair. Richards oversees an 8.8 million-sf portfolio for the Australia Postal Commission.
PORTLAND, OR-Peter Stott, the chief executive of Crown Pacific Partners from 1998 to 2004, acquires a minority stake in the locally headquartered merchant banking firm that is on pace to acquire $350 million of Western US real estate this year.
SAN MATEO, CA-Two-thirds of the office space is leased by California Casualty Management Co. The seller was the State Teachers Retirement System of Ohio.
SAN MATEO, CA-Two-thirds of the office space is leased by California Casualty Management Co. The seller was the State Teachers Retirement System of Ohio.
NEW ORLEANS-The owner of the 214,256-sf enclosed regional mall here closes on a 10-year interest-only first mortgage financing that bears a sub-100 basis point spread over US Treasuries.
NEW ORLEANS-The owner of the 214,256-sf enclosed regional mall here closes on a 10-year interest-only first mortgage financing that bears a sub-100 basis point spread over US Treasuries.
BELLEVUE, WA-Skanska USA Building Inc. set in place today the last steel girder for the first tower of Lincoln Square, an eventual 1.4-million-sf mixed-use development by locally headquartered Kemper Development Co. The tower, which sits on a three-level retail base, will hold a 337-room Westin hotel and 148 luxury condominium units. The hotel and retail components are on track to open in November.