CORAL GABLES, Fla., Dec. 19 /PRNewswire/ — Blumberg Capital Partners Realty Investors, one of the largest commercial real estate investment managers in the U.S., today said it anticipates acquiring $500 million to $1 billion in commercial real estate in 2007. The company said it plans to acquire Class A office properties via acquisitions in the [...]

dallasnews.com
Metropolitan Real Estate Investors is the third firm to bid for the 19-year-old landmark tower in recent months. Two other potential buyers — CB Richard Ellis Investors and American Ventures — dropped out of the running after reducing their initial offers. Full story (PDF,24KB).

On Friday, New York’s Fortis Property Group bought the three Galleria office towers in North Dallas for more than $250 million.
And Florida investor American Ventures is expected to complete its purchase of the 60-story Bank One Tower downtown before the end of the year.
builderonline.com

CoStar Group
New York investor Fortis Property Group is said to have struck a deal for the three Galleria Towers for about $280 million. There’s talk that the Moinian Group, also out of New York, is buying the 1.7 million-square-foot Renaissance Tower for close to $150 million. And American Ventures Realty Investors, based in Florida, is [...]

builderonline.com
Another investor, American Ventures Realty Investors of Miami, has a letter of intent to acquire the Bank One Center on Main Street. The 27-year-old private investment company hopes to complete the sale next month, according to real estate brokers.

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, [...]

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 [...]

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 [...]

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 [...]

The Wall Street Journal
American Ventures Realty Investors, based in Coral Gables, Fla., has emerged as the front-runner for the acquisition of Bank One Center in Dallas at a price between $215 million and $220 million. According to American Ventures CEO, Philip Blumberg, “We believe it’s an extremely attractive trophy asset and we’re enthused at the [...]