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To: Moominoid who wrote (67708)	8/17/2005 1:06:20 PM
From: shades	Respond to of 74559

I read before many in germany were trying to do this - sell the apartments back to the citizens - that OWNERS make for a better community than renters - but then I read this: chicagotribune.com 181 W. Madison going back on the market THOMAS A. CORFMAN Published August 3, 2005 The prominent Loop skyscraper at 181 W. Madison St. is going up for sale, barely three years after it was purchased by a German investment fund. Prudential Real Estate Investors, a unit of the New Jersey-based financial-services giant, is expected to hire Jones Lang LaSalle Inc. to market the 50-story tower, designed by architect Cesar Pelli and built in 1990. A Prudential representative declined to comment. The largest tenant in the trophy tower is Northern Trust, with 351,000 square feet of space under a lease that runs until 2020, according to real estate research firm CoStar Group. In 2002 a German fund paid $248 million for the 936,400-square-foot building, which is 85 percent leased, according to CoStar Group. After the deal Prudential took over management of the fund. Wonder why the germans weren't buying at home? Diversification - hehe 260 a sq ft? Office condos for sale: Cushman & Wakefield Inc. said it is marketing the office condominium conversion of 318 W. Adams St. on behalf of a venture that includes Evanston residential developer Robert Horner and Chicago commercial real estate broker John Thomas. The Horner-Thomas venture paid $7.6 million for the 156,750-square-foot building. MJ Partners Real Estate Services represented the seller, a foreclosing lender. 50 a sq ft hehe bocaratonnews.com When Boca Raton-based real estate broker and developer Charles Shane announced plans for a new Class A (multi-tenant) office complex back in 2000, many thought it was a reckless and risky move. After all, there was a glut of office space in Boca Raton – perhaps the most in the region. And the prospects for success were further dampened in the aftermath of the 2001 terrorist attack. “We broke ground a month after 9/11,” he said. But today, Shane, president and owner of Bryason Realty Corp., is getting the last laugh – and his detractors are certainly shaking their heads. On June 30, 595 Financial Center, set in the heart of downtown Boca Raton’s growing financial district, sold for a record $320 per square foot – or about $37 million total. This, Shane said, outstripped the previous record of $260 per square foot for the Wachovia Building just south of his complex at 555-595 S. Federal Highway. The buyer was GLL BVK Properties LP, a German institutional investor. The seller was Five Five Five Realty Holdings Inc. of Boca Raton. Why are these german guys paying so much for American Real Estate and not buying at home?? hehe