Quantcast

Notable Deals

MSREF VI Shows Us How To Lose $5.4B

April 13, 2010

Tweet Morgan Stanley Real Estate Fund VI has disclosed to investors that they are facing losses of nearly two-thirds of their investment. That translates to roughly $5.4B of losses on the massive $8.8B fund. The article in the WSJ runs through most of the juicy tidbits. The losses are so staggering that the entire premise […]

Read More >>

Sobrato Nabs McAfee for 240K SF and What It Means For The Market

April 2, 2010

Tweet Sobrato has managed to bag McAfee for ~240K square feet – and potentially more – at its Santa Clara campus. The Registry has some info on the deal as well. The deal is a great one for Sobrato, which has Yahoo! on lease until the end of July. The buildings are located at 2811 […]

Read More >>

Golden State Portfolio Hits The Market

March 2, 2010

Tweet Back in December, CBRE won the pony show to sell off a 7 million square feet portfolio of our property. It’s officially hit the market and just in time for IOU’s.

Read More >>

Premier Retail Location in Default

February 16, 2010

Tweet Remember the Premier Retail Location by Santana Row we blogged about back in October? Well not surprisingly, the asset is now in default. On the one hand, only big rents can save this thing, but on the other what is the point of marketing it at a ridiculous rent and simply spinning your wheels? Looking […]

Read More >>

Prudential Takes Back Torre Plaza

February 16, 2010

Tweet It was imminent, but Prudential has taken back Torre Plaza from RREEF/Snell in a non-judicial foreclosure action. The building was taken back on a credit bid of about $17.6M or $187 psf, which it is not worth. We first wrote up a post about the default back in October. This ended up being a […]

Read More >>

Simon Property Group Going After General Growth

February 16, 2010

Tweet Simon Property Group (SPG: 183.53 -1.05%) has bid $10B for General Growth [GGWPQ.PK]. This comes as little surprise as there has been plenty of talk about Simon seeking to swallow the troubled owner of malls. The bidding likely will go higher as General Growth also seeks alternative financing from other groups as a way […]

Read More >>

Sheraton in Pleasanton Sold for $12.3M

February 11, 2010

Tweet About a year ago we reported on the default of the Sheraton in Pleasanton. The hotel has now changed hands to a group of investors for $12.3M, or $72K per key (170 rooms). The buyers, a partnership of Sethi Enterprises and Kapoor Enterprises expects to dump an additional $2m into the asset to upgrade […]

Read More >>

Closing Up: Ritz Carlton Las Vegas Shutting Doors May 2nd

February 10, 2010

Tweet The Ritz Carlton Las Vegas is set to close on May 2nd as a result of lax demand. The hotel is a bit out of the way, but is certainly a very nice resort. The owner of the property is an arm of Deutsche Bank, which has decided to stop funding the resort effective […]

Read More >>

Align Technology Inks 129K SF Lease

February 4, 2010

Tweet Align Technology (ALGN: 56.83 +1.30%) has signed a 7-year lease with Equity Office for two buildings on Orchard Parkway. The 129,000 square foot lease is for 86-months, and consists of two (2) 64,500 SF buildings located at 2560 Orchard Parkway and 2570 Orchard Parkway. The terms of the lease are: 86 Months First 2 […]

Read More >>

Panasonic Takes 50K in Cupertino

February 3, 2010

Tweet After being in the market for quite some time, Panasonic has landed in Cupertino. The company leased 50K SF from Tantau Investments LLC, the partnership of Ralph Borelli, Ron Tate, Larry Wallerstein, and John Salera. The 102,500SF building, dubbed Cupertino Crossing is a new (and rather plain looking) 2-story concrete tilt production. Panasonic is taking […]

Read More >>
Page 1 of 1912345...10...Last »