Property Types Office
Grubb & Ellis Sells Texas Office Property
July 17, 2008

Grubb & Ellis Realty Investors L.L.C. announced the disposition of 1410 East Renner Road, a two-story office building in the Dallas suburb of Richardson, on behalf of tenant-in-common investors. Built in 1999, the property offers approximately 117,000 square feet of rentable space situated on approximately seven acres of land. The property offers easy access to U.S. Highway 75 and State Highway 190, and has 516 on-site parking spaces for visitors and tenants. Originally purchased in October 2003, 1410 Renner Road was sold to LBA Realty L.L.C. CB Richard Ellis represented the seller and the buyer in the transaction.

 
Recent Office Headlines
SoCal Lender Kicks Off Another $100M Mortgage Pool Fund
Aug. 28, 2008
Los Angeles-based Wilshire Finance Partners has introduced Wilshire Income Fund II, its second real estate mortgage pool fund. The fund will raise $100 million to make commercial property loans. This time around, however, the company will be able to welcome investors and borrowers from beyond the borders of the State of California.
Maguire Wraps Up $211M Orange County Office Sale
Aug. 28, 2008
Los Angeles-based Maguire Properties Inc. has closed the disposition of Main Plaza, selling the 607,000-square-foot trophy office complex in Irvine, Calif., to Shorenstein Properties L.L.C for $211 million including the assumption of $161 million of project level financing.
HFF Arranges $74M Loan for CONSOL Energy HQ
Aug. 28, 2008
Developer Horizon Properties has received a $74 million forward permanent loan for the just-completed two-building, 384,000-square-foot corporate headquarters for CONSOL Energy Inc. in Canonsburg, Pa., a Pittsburgh suburb.
AmTrust Finalizes LaSalle Bank Building Buy
Aug. 27, 2008
The LaSalle Bank Building in Chicago, first reported sold in June, has been finalized, according to various news sources and property records.
Major Lease Renewed at Argon Plaza in Virginia
Aug. 26, 2008
Argon ST has renewed its lease of 165,000 square feet at Argon Plaza in Fairfax, Va.
 

 

Equity Residential Gets $550M Loan
August 28, 2008
By Barbra Murray, Contributing Editor -- Chicago-based Equity Residential Inc. has closed on $550 million in financing, putting up 15 of its multi-family properties as collateral. Originated by Wells Fargo for repurchase by Fannie Mae, the secured interest only loan...

Lehman May Accelerate Mortgage Asset Sales
August 28, 2008
By Dees Stribling, Contributing Correspondent -- Lehman Brothers Holdings Inc., in an effort to both staunch its massive losses and tap into a burgeoning market for commercial real estate debt, is reportedly exploring a strategy that would have it set...

Fire Brought Down 7 WTC: Report
August 28, 2008
By Tom Dworetzky, News Editor -- At a technical briefing this week, Shyam Sundar, lead investigator for the federal building and fire investigation of the World Trade Center disaster conducted by the National Institute of Standards and Technology, revealed in...

Maguire Wraps Up $211M Orange County Office Sale
August 28, 2008
By Barbra Murray, Contributing Editor -- Los Angeles-based Maguire Properties Inc. has closed the disposition of Main Plaza, selling the 607,000-square-foot trophy office complex in Irvine, Calif., to Shorenstein Properties L.L.C for $211 million including the assumption of $161 million...

Fund Invests $44M in Texas, Ohio Student Housing
August 27, 2008
By Gail Kalinoski, Contributing Editor -- The Place/BV Student Housing Fund L.L.C. continues to make investments in student housing facilities across the United States, with two more announced today. The properties will be developed in Texas and Ohio for $44...

Do You Have A Bad Attitude?
August 22, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Show me a CEO with a bad attitude and I'll show you a poor leader. While this sounds simple enough at face value, I have consistently found that one of the most often...

Is Family Business a Good Idea?
August 15, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Oh what a conundrum! Family business: Should I, or shouldn't I? In my opinion there really isn't a right or wrong answer to this question. It is simply a matter of personal preference....

What to Do When Marketing Goes Wild
August 08, 2008
By Mike Myatt, Chief Strategy Officer N2growth --Have your company's marketing initiatives wandered astray? Is the proverbial tail starting to wag the dog with respect to your current marketing campaigns? How do you know when marketing is out of control?...

Six Mistakes Real Leaders Avoid
August 01, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --I recently had a reader ask: "Is there a simple test that can be used to quickly determine an executive's leadership ability?" The short answer is yes. There are, in fact, a great...

Top Brokers Do Deals in Bad Markets, Too
July 18, 2008
By Mike Myatt, Chief Strategy Officer N2growth --Many in the industry long for the frothy markets of 2005 when sellers experienced record low cap rates, buyers were aided by loose credit and a strong flow of funds from the capital...