September 28, 2006 - Dubai firm confirms interest in Crescent
Dallas Business Journal
In early September, a deal that had CB Richard Ellis Real Estate Investors buying Bank One Center in downtown Dallas fell through after Ellis tried to lower its $218 million bid. Crescent owns the building in partnership with Chicago-based Trizec Properties Inc. (NYSE: TRI). Holliday Fenoglio Fowler, which is marketing the property sale, [...]
September 24, 2006 - Week in Review
South Florida Business Journal
American Ventures Realty Investors said it has sold its office tower in Coral Gables for about $60 million. The real estate investment manager said its sale to RREEF was for $272 a square foot. The 220,000-square-foot property, at 255 Alhambra Circle, had been part of American Ventures’ investment portfolio since 1994. Since [...]
September 14, 2006 - Trizec’s Shareholders OK $9B Brookfield Merger, Tishman May Take Atlanta Portfolio
Commercial Property News
With overwhelming acceptance, Trizec Properties Inc.’s shareholders have agreed to the previously announced $9 billion merger with a joint venture of Brookfield Properties Corp. and The Blackstone Group L.P. Trizec, Trizec Holdings Operating L.L.C. and Trizec Canada Inc. will be affected by the deal.
A market source in Dallas said that Trizec’s buildings, with [...]
September 12, 2006 - CBRE group’s bid for Bank One Center falls through
Dallas Business Journal
CB Richard Ellis Real Estate Investors’ bid to buy the Dallas-based Banc One Center has fallen through. The leading contender to buy the property is American Ventures group, located in Coral Gables, Florida.
The 60-story Bank One Center is one of the tallest buildings in Dallas, towering at 60 stories. Full story [...]
