Real Estate Forum - May/June 2009

DEAL SNAPSHOTS
A sampling of significant transactions that took place in recent weeks

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THE SCENE

THE DEAL

THE PLAYERS

THE DETAILS

1776 G St., NW

Washington, DC

NORTHEAST

Russia Wharf 280 Congress St. Boston

Renewal for 150,000-sf of office space for five years

$215-million construction financing for 854,00-sf, mixed-use redevelopment slated for completion Q1 2011. Loan bears interest at a floating rate equal to LIBOR plus 3% per annum.

World Bank (tenant) Washington Real Estate Investment Trust (landlord)

Syndicate of unnamed banks
(lender)
Boston Properties Inc.
(borrower)

globest.com/reforum/0506_09/1.html

globest.com/reforum/0506_09/2.html

SOUTHEAST

Harbour Key
Apartments
11001 N. Kendall Dr.
Miami

$22.9-million acquisition of 300-unit residential complex

Lowe Harbour Key Investments globest.com/reforum/0506_09/3.html (buyer)

Kendall Courtyards LP (seller)

Compson Financial
Center
980 N. Federal Hwy
Boca Raton, FL

94,000-sf office building traded for $20 million

980 North Federal Acquisition
Group (buyer)
980 North Federal LLC (seller)
CB Richard Ellis (broker)

globest.com/reforum/0506_09/4.html

MIDWEST

CenterPoint Import
Distribution Center
Elwood, IL

Seven-year, 416,000-sf industrial Alliance 3PL (tenant) lease Midwest Commercial (broker)

CenterPoint (landlord)

NAI Hiffman (broker)

globest.com/reforum/0506_09/5.html

Vista Host Portfolio

Various Locations

SOUTHWEST

Cole Creek
Business Park
8618 W. Little York Rd.
Houston

$47.2-million acquisition of three Apple REIT Nine (buyer) limited service hotels totaling Hodges Ward Elliott (broker) 314 units Vista Host Inc. (seller)