Finance Net Leasing
suffolk Markland Acquires 47 Citibank Branches in $100M Sale-Leaseback
May 14, 2008
An Irish investment group, which market sources have pegged as Markland Holdings Ltd., has acquired 47 Citibank branches in the New York City metropolitan area for $100 million.
Busy Few Days for ProLogis with Development, Acquisition, Hiring News
May 14, 2008
The week is only half done and already ProLogis has announced plans for a 220,000-square-foot build-to-suit in Hungary, the purchase of 83 acres in Virginia, and the appointment of a new global executive.
Residential Woes Spread to S.F. Office Market
May 13, 2008 - Source: San Francisco Chronicle
According to several reports, companies gave back more space than was leased over the last quarter -- the first time in years this has happened.
Uncertain Times for the Net Lease Market
May 13, 2008
The first quarter "2008 Net Lease Market Report" by Northbrook, Ill.-based Boulder Net Lease Funds L.L.C. characterizes the current state of the market in the following unusual terms: "The market," it asserts in the first paragraph, "is difficult to make sense of at the moment."
CT Takes Fleetwood HQ
May 09, 2008
Newport Beach, Calif.-based CT Realty Corp. has acquired Citrus Park, a 12-building office and industrial park in Riverside, Calif., from Fleetwood Enterprises Inc.
Lenox Park Wells REIT II Buys Atlanta Office Campus in AT&T Sale-Leaseback
May 09, 2008
Wells REIT II has acquired a five-building, 1 million-square-foot office campus in the Buckhead submarket of Atlanta, through a long-term sale-leaseback with AT&T. The campus will headquarter AT&T Wireless' operations in the city. The transaction's terms were not disclosed.
South Korea ProLogis Expands Presence in South Korea with $86M Portfolio Acquisition
May 09, 2008
Less than a month after announcing two build-to-suit agreements in South Korea, ProLogis Korea Property Fund has acquired approximately 889,000 square feet of industrial warehouse space there for $86.3 million.
14 Net Lease Properties Go for $123M
May 08, 2008
Net lease brokerage Stan Johnson Co. completed the sale of a 14 property portfolio, containing more than 900,000 square feet to Cole Cos. for $123 million, it has reported.
GSA Renews Lease in Virginia
May 07, 2008
Lerner Enterprises of North Bethesda, Md., has announced that is has secured a lease renewal for 236,000 square feet with the General Services Administration (GSA) on behalf of the Department of Defense at 400 Army Navy Drive in Arlington (Pentagon City), Va.
AMB  Leases 126,000 SF in Chicago Development
May 07, 2008
AMB Property Corp. has announced it has leased approximately 126,000 square feet in a Chicago development to Ashley Furniture, an industry leading manufacturer of quality furniture products.
Schostak Bros., BVT Form JV
May 06, 2008
Schostak Brothers & Co., a Livonia, Mich.-based commercial real estate development and investment firm, has announced the formation of a joint venture with German real estate investment firm, BVT Equity Holdings.
Falcon Buys Heidelberg's Suburban Atlanta HQ in $23M Sale-Leaseback
May 06, 2008
Acting on behalf of a private overseas investor, Falcon Real Estate acquired the headquarters of Heidelberg U.S.A. in Kennesaw, Ga., for $23 million as part of a 1031 Exchange.
Krolman, Janet GE Real Estate Funds $960M for 34-Property iStar Portfolio
May 05, 2008
New York City-based iStar Financial Inc. has taken a single-source $960 million loan against a portfolio of 34 triple-net-leased single-tenant properties. Holliday Fenoglio Fowler L.P.  arranged the adjustable-rate, interest-only loan through GE Real Estate.  
ProLogis Completes First Lease Transaction in Rome
May 05, 2008
ProLogis has announced that it has leased 327,000 square feet of distribution space in Rome, Italy, to Coop Italia, a major Italian supermarket chain.
ARC, Sandler O’Neill Target Bank Sale-Leasebacks
May 02, 2008
American Realty Capital L.L.C. and an affiliate of Sandler O’Neill + Partners L.P. have inked an agreement to partner on sale-leaseback deals with middle-market banks, the two firms disclosed this morning. 
Prologis Has Broken Into Fortune 500
April 30, 2008
Denver-based ProLogis said today that it has been included on the list of Fortune 500 companies.
NetLease Q & A: New TIC Structures Proposed by Prudential Rand’s Rand
April 29, 2008
Since the beginning of the subprime meltdown, various proposals have been made at various levels to ameliorate the crisis, and by extension, the sorry state of the residential market.
GE Provides $100M to Recapitalize 330 Wabash in Chicago
April 28, 2008
GE Real Estate has announced it provided a $100 million on-book bridge loan to an affiliate of Prime Group Realty Trust to recapitalize and reposition 330 N. Wabash, a Class A office building located in the River North area of Chicago, Ill.
Bissell to Take Industrial in Illinois
April 28, 2008
On behalf of Bissell Homecare, Inc., Binswanger is pleased to announce the completion of negotiations for a 500,000-square-foot, build-to-suit distribution facility to be developed by CenterPoint Properties and built on a 36-acre land parcel located in the CenterPoint Intermodal Center in Elwood, Ill.
ProLogis Begins New Tokyo-Area Development
April 28, 2008
ProLogis has started the first phase of construction on a major new distribution park near Tokyo, Japan, it has announced.
Tony Thompson Thompson Out to 'Create Value Out of Chaos'
April 25, 2008
Earlier this week, former Grubb & Ellis Co. chairman Anthony Thompson (pictured) launched a new venture, Thompson National Properties L.L.C., a private investment management firm.
AMB Leases Build-to-Suit to Ryder in Mexico City
April 24, 2008
AMB Property Corp. has signed a two-building build-to-suit development agreement with Ryder de Mexico--a division of Ryder System Inc., it has announced.
ProLogis to Do Build-to-Suits in South Korea
April 22, 2008
ProLogis has signed two new build-to-suit agreements in South Korea with Logen Express, a national parcel delivery provider, and Wonjin Logistics, a third-party logistics provider, it reported today.
Tenneco Renews Lease in Long Beach, California
April 21, 2008
Tenneco's Rancho--Long Beach division has renewed its lease for the entire three-building complex, totaling 109,850 square feet, located at 6925 Atlantic Avenue, according to The Staubach Co., who represented the firm.
Logistics Firm Leases ProLogis Facility in Nanjing
April 21, 2008
Anji-TNT Logistics, a provider of logistics services for auto part makers, has leased the entirety of a 234,000-square-foot distribution center at ProLogis Park Jiangning in Nanjing, the capital of China's Jiangsu Province. Anji-TNT will operate the space on behalf of Italian automaker Fiat.
 

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