Quantcast

Notable Deals

Golden Gate Fields Set For Auction In Early 2010

October 27, 2009

Tweet Magna Entertainment Corp., the bankrupt operator of nine race tracks nationwide, will ask a judge Oct. 27 for permission to sell Golden Gate Fields at auction in early 2010. The largest horse track operator in the country, Magna has sought to auction all its properties since filing for Chapter 11 protection in March. It […]

Read More >>

CRE Dominoes: Capmark Hitting The Fan

October 24, 2009

Tweet Well the reports are that Capmark is finally ready to file BK. This was something that has been on the radar for quite some time, but seems things are nearing the end with reports that a filing could come as soon as this weekend. Capmark is/was a large commercial lender, though what this deal […]

Read More >>

Tishman Loses Stuyvesant Town Ruling

October 22, 2009

Tweet A court of appeals today ruled that Tishman unlawfully raised rents at Stuyvesant Town and could be forced to pay back millions. The massive Stuyvesant Town/Peter Cooper Village project is a huge project that we previously posted about. This project was originally acquired for some $5.4B. Estimates at the time of our post were […]

Read More >>

DemandTec Takes Down 82,000 SF in San Mateo

October 19, 2009

Tweet The Business Journal reported on the DemandTec lease in San Mateo, but we’ll provide a bit more color for you. The company is moving from San Carlos to a Franklin Templeton space, on the 2nd and 3rd floors of 1 Franklin Parkway, Bldg 910. The space they are vacating is at Circle Star, Boston […]

Read More >>

Gramercy Capital Sells Cupetino Square For $60M

October 19, 2009

Tweet The Business Journal is reporting that Gramercy Capital, who took control of Cupertino Square (formerly known as Vallco Mall) in Cupertino through foreclosure, last month sold the mall to a Vietnamese buyer for $60M. The buyer was Vallco Shopping Mall LLC, who is driven by Tram Be, a businessman out of Vietnam. We’ll see […]

Read More >>

63% Off In Santa Ana – Tishman Unloads Office Building

October 15, 2009

Tweet Tishman Speyer has sold off 3 MacArthur Place (aka 3 Imperial Promenade) in Santa Ana, California. The buyer is Highridge Partners. The building is a 12-story Class A building totaling about 247,000 rentable square feet. The building sits on about 3 acres and was completed in 1991. Current occupancy is about 78%. Pricing came […]

Read More >>

CRE Dominoes: Stuyvesant Town About To Go

October 14, 2009

Tweet Tishman and Blackstone teamed up to acquire Stuyvesant Town in New York back in 2006 for a whopping $5.4B. The project encompasses some 11,000 apartments across 54-buildings. The acquisition strategy included efforts to convert rent-controlled units to market-rate units, but a lawsuit has put the ice on that (sounds like Page Mill Properties and […]

Read More >>

Morgan Stanley to Take Hit on Crescent

October 14, 2009

Tweet Morgan Stanley was one of the most aggressive investors during this last boom cycle. Their activities included the acquisition of the EOP San Francisco portfolio for some $2.5B, and the August 2007 purchase of Crescent Real Estate Equities for $6.5B (if you include the debt), and other smaller deals such as providing the debt […]

Read More >>

An Apartment Comp in Millbrae

October 13, 2009

Tweet Last week we posted an article about the large number of investors circling apartment complexes. We spoke in anecdotal terms, and one reader asked for metrics or proof on the market. Fair enough. Globe St. has now pointed out a transaction to go down in Millbrae for the the 136-unit Waterstone Millbrae project. The project was […]

Read More >>

Starwood Gets Corus; Pays 60 Cents on the Dollar

October 7, 2009

Tweet A group led by Starwood Capital and TPG Partners officially won the auction for the Corus Bank assets. It was reported that the group paid about $500M more than the nearest competitor for the deal, which raised some eyebrows. The deal has investors putting in about $550M for a 40% stake in a company […]

Read More >>
Page 5 of 19« First...34567...10...Last »