TOKYO-The Luxembourg-based real estate investment firm acquires seven class A and B office assets here in joint venture with Merrill Lynch. The seller is a local Japanese property owner. Look for more Lend Lease deals in Tokyo over the next year.
PARIS-The agreement nearly doubles the logistics provider's space at the suburban center to nearly 500,000 sf, all leased from ProLogis, which owns seven facilities at the park.
NEW YORK CITY-As earlier reported on GlobeSt.com, CB Richard Ellis will buy out rival Insignia Financial Group. CB's Ray Wirta will continue to run the show and Insignia's Steve Siegel will head up global brokerage operations.
MINNETONKA, MN-The health insurance provider negotiates a complicated transaction that will result in an April 2004 occupancy. Several firms, including facility owner Carlson Real Estate Co., were forced to either downsize or relocate to accommodate the new tenant.
MADRID-Catering to the needs of Spain's small- to medium-size business community, the new stores will take advantage of in-place administrative infrastructure used by Office Depot's European catalog subsidiary.
NASHVILLE-The firm, to be called Coldwell Banker Commercial Acumen Realty, will be led by Nancy McGrath, a 15-year industry veteran and CBRE alum who began her career as a senior-housing specialist
SALT LAKE CITY- The regional mall is located in the suburban town of Layton, UT, 20 miles north of here. The buyer, Gregory Greenfield & Associates, spent $87 million for the two-level property.
NEW YORK CITY-The tax-exempt bonds will finance 454 housing units in Manhattan, Brooklyn and the Bronx. The funding is part of a $3-billion city-sponsored plan to build and renovate 67,000 units of affordable housing.
FRANKFURT-A study coming out next month will show major increases in a number of key German markets last year. Dusseldorf and Hamburg boasted the biggest gains, up 75% and 55% respectively.
VIEQUES, PUERTO RICO-Dallas-based Wyndham will manage the 156-room Wyndham Martineau Bay Resort & Spa, scheduled to open Feb. 24, bringing the hotel company's Puerto Rico to a total of six.