MINNEAPOLIS-Wells Fargo Bank provided the financing through CBRE, as the new joint venture ownership works to reposition the Fifth Street Towers complex that’s less than 70% leased.
CHICAGO-Demand still outweighs supply, but that means investors can’t find high yields on safe properties, according to two second quarter reports by Quantum and Boulder.
LONDON-The retailer has agreed to terms for a 260,000-square-foot anchor store at Eastgate Quarters. Hammerson will now work to complete plans for the $186 million first phase.
MENOMONEE FALLS, WI-The retailer plans to keep its headquarters in the city, but has agreed to buy 100 acres in the village in a land swap that includes $62.5 million in tax credits.
LYONS, IL-The company has signed a lease for more than 75,000 square feet here, as its current warehouse downtown is under consideration for an office conversion.
RIO DE JANEIRO, BRAZIL-Equity International has sold its interests in Brazilian Finance & Real Estate and BR Malls, though it will still hold a few other CRE firms in the country.
TEL-AVIV-The firm has hired New York City-based Carlton Group to sell the 43-story, fully-occupied office, after a $300 million sale to Azrieli Group broke down early this year.
KANSAS CITY, KS-The University of Kansas Hospital and the University of Kansas Medical Center will anchor the second phase of 39Rainbow, which already includes a hotel and retail.
GLASGOW-The power provider, flush with $16 billion in contracts, will lease the entire 220,000-square-foot property once it’s completed in 2015.The site is the failed Elphinstone Tower location.