Morgan Stanley Takes Crescent in $6.5B Play FORT WORTH-A $22.80-per-share offer from Morgan Stanley Real Estate ends speculation about Crescent Real Estate Equities' future. As the REIT goes private, the market reacts.
NNN, Grubb & Ellis Strike Merger Accord CHICAGO-NNN founder and chairman Anthony W. Thompson will become chairman of the board of the new company, which will retain the name Grubb & Ellis.
WTC Insurance Battles End With $2B Silverstein Win NEW YORK CITY-Legal wranglings that began within a month of Sept. 11 are now over. Gov. Spitzer calls the settlement the 'last major barrier' to rebuilding.
Fremont General Sells Loan Unit for $2B SANTA MONICA, CA-The company agrees to sell its commercial real estate lending business to New York City-based iStar Financial Inc.
Koll, Rosewood Eye 103 Acres for BTS Lease Plan DALLAS-Rosewood dips into its land bank for Koll to court corporate America for campus-type space in three cities. Up 1.5 million sf could rise.
Plise Planning $2B Mini-City in Henderson LAS VEGAS-The phased 126-acre project will consist of 600,000 sf of retail, one million sf of office, a boutique hotel and 2,500 units. The first phase is slated to open in 2009.
Vornado Completes $1.8B Purchase NEWARKThe REIT now holds a 70% interest in 1290 Avenue of the Americas in New York City and 555 California St. in San Francisco.
Tracinda Corp. Eyes Bellagio, CityCenter LAS VEGAS-Kirk Kerkorians investment arm will attempt to acquire the properties from MGM Mirage Inc. and also will pursue strategic alternatives related to its 56% stake in the company.
First Hartford Realty Plans 1M-SF-Plus Retail EDINBURG, TX-The two-year landowner puts 130 acres to work in an $80-million plan for a 455,000-sf lifestyle center and 700,000-sf power center.