financial

Baker Donelson Bldg in Downtown Nashville Sells for $47.1M

March 21, 2012

Costar… Sun Life Financial Services, an international financial services company, has acquired the 11-story Baker Donelson Building at 211 Commerce Ctr. in downtown Nashville, TN from The Mathews Company in a transaction totaling $47.13 million, or approximately $205 per square foot. The property was constructed in 2000 and totals 229,536 square feet of Class A office space . The building was 93.8 percent occupied at the time of the sale, and is currently… Read the original: Baker Donelson Bldg in Downtown Nashville Sells for $47.1M Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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Graphic Packaging Inks 109,556-SF Office Lease

February 8, 2012

Costar… Graphic Packaging International, a packaging manufacturer, leased 109,556 square feet at RiverEdge Summit at 1500 RiverEdge Parkway in Atlanta, GA. The company will initially move its headquarters into 86,525 square feet in the first quarter of next year, but iStar Financial, the owner, will also build a state of the art, 23,000-square-foot product development center that will be attached to 1500 RiverEdge Parkway. The property is a nine… More: Graphic Packaging Inks 109,556-SF Office Lease Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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Lehman Veteran Is Back in Game

May 31, 2011

As the financial crisis recedes, Ex-Lehman executive Mark Walsh is mounting a low-key comeback at a new real-estate firm by leaning on connections made before the real-estate bubble burst.

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PNC to Build New $400M Pittsburgh Headquarters

May 24, 2011

Costar… The PNC Financial Services Group, Inc. announced this week that it plans to construct a 40-story headquarters building dubbed The Tower at PNC Plaza on the southeast corner of Fifth Avenue and Wood Street in Pittsburgh, PA. Once complete in 2015, the 800,000-square-foot, $400 million building at the same intersection where PNC has been headquartered for more than 150 years will serve as the company’s executive offices. Tentative plans call for… Continue reading here: PNC to Build New $400M Pittsburgh Headquarters Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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More Transparency Coming to Hidden Costs of ‘Extend & Pretend’ Strategies

May 19, 2011

Costar… The number of loans that banks have to classify as troubled debt could increase dramatically in a few weeks as a result of new accounting rules issued last month. The new push to reclassify some loans is already hurting some lenders, and the reclassifications are expected to shine a spotlight on the commercial real estate lending practice that has come to be known as “extend and pretend.” New accounting standards issued by the Financial Accounting… Original post: More Transparency Coming to Hidden Costs of ‘Extend & Pretend’ Strategies Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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Paris’s La Défense Goes on the Offensive

April 26, 2011

The renewal of the La Défense business district of Paris is awakening from its hibernation during the financial crisis and recession.

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Google Buys Dublin Office Building

February 17, 2011

Google is expanding its operations in Dublin by agreeing to pay $135.6 million for the city’s tallest office building, in one of Ireland’s largest property deals since the financial crisis.

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