Executive Centre Reduces Carbon Footprint and Earns Energy Efficiency Award

The Executive Centre on Merchant Street in Cincinnati, a 521,000-square-foot office building housing General Electric and CINCOM Systems, Inc., recently announced completion of building-wide renovations that will drastically reduce energy use and greenhouse gas emissions in its three buildings. As a result of the renovations, the building’s property manager, CB Richard Ellis, anticipates more than $40,000 in savings per year from reduced energy... 

The World Bank Group Leases 100% of Office Space at Brookfield Properties’ 1225 Connecticut Avenue in Washington, DC

Brookfield Properties Corporation announced that the World Bank Group has signed a ten-year lease for 100% of the office space at 1225 Connecticut Avenue in Washington, D.C. totaling 227,000 square feet. The World Bank will begin to occupy the premises in the late winter/early spring of 2010. “This long-term agreement with the World Bank is a major achievement for our U.S. operations, and another example of the enduring strength of the DC office... 

SCI Sells Two Class-A Properties for Over $100 Million

SCI Real Estate Investments, LLC and 34 Tenant-in-Common Co-owners announced the sale of Casa Paloma Shopping Center located in Chandler, Arizona for an undisclosed amount. Since 2006, SCI has totaled over $409 million in TIC property re-sale dispositions, comprised of over 2.5 million square feet of multifamily, office and retail property. These Class-A, institutional-quality properties have offered investors cash flow and exceptional appreciation. SCI... 

Younan Properties to Acquire 180 North LaSalle in Downtown Chicago; Latest Purchase Increases LaSalle Office Holdings to 1.4 MSF

Younan Properties, Inc., one of the nation’s fastest-growing, privately held real estate investment and asset management firms, announced today that it is under contract to purchase 180 North LaSalle, a 38-story, Class A office building in the heart of Chicago’s Central Business District. Younan represented itself in the transaction. Jamie Fink of Holliday Fenoglio Fowler, L.P. (HFF) represented the seller, Prime Group Realty Trust. Zaya S. Younan,...