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DURING THE SECOND QUARTER, MEPT SOLD 303 SECOND STREET IN SAN FRANCISCO FOR GROSS PROCEEDS OF $237 MILLION
The two-tower, Class A, 732,000 square-foot office property located in San Francisco’s South Financial District was acquired by MEPT in 2005. Since purchasing the asset, MEPT worked diligently to market space in the building, leasing over 550,000 square feet over the last five years and achieving a 94 percent occupancy rate at the time of sale.

IN JUNE, DAVID KETO JOINED NEWTOWER TRUST COMPANY AS CHIEF OPERATING OFFICER
In his new role, Mr. Keto will work closely with NewTower’s President and CEO, Patrick Mayberry, in the general management of the bank, including business and operations management, organizational and human resource development, investment management, and external relations.

IN MAY, MEPT SOLD TWO OFFICE ASSETS, COLUMBIA CENTER I AND II, IN DETROIT FOR TOTAL GROSS PROCEEDS OF $59 MILLION.
 MEPT purchased Columbia Center I and an adjacent parcel of land in 1998. In 2000, MEPT completed construction of Columbia Center II, creating over 616,000 job hours in the local community.


Patriots Plaza signs new government tenant
The government continues to flock to Patriots Plaza in Southwest, having just signed a new 58,143-square-foot lease at the site this week. The 321,502-square-foot building, completed in October, is part of a three-phase, 1 million-square-foot office complex developed and leased by Trammell Crow Co. of D.C…The owner of Patriots Plaza, Multi-Employer Property Trust, has seen gradual leasing success at the complex since its first building, Patriots Plaza I, was completed in 2005…

Columbia deal may be hopeful sign. Sale price highest since 2007; financing rare
The majority owner of the Columbia Center towers in Troy has sold its stake in the complex ...Troy-based Kirco Development Corp., developer of both towers and formerly a minority investor, bought out the majority investor…

San Francisco Office Values Begin to Crystalize
One of the upcoming sales is 303 Second St. (left), a 732,000 square-foot property 90 percent leased through the end of March. This transaction will give the San Francisco office market a benchmark for both building values and capitalization rates… There was plenty of buyer interest in the property, too; it attracted nearly 20 bids. The top seven or eight of the offers were north of $300 a square foot…

 

HEADLINE NEWS  |   PRESS COVERAGE  |   PUBLICATIONS

Publications

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Quarterly Trust Report
Second Quarter - July 2010 Volume 25, Number 2pdf
First Quarter - March 2010 Volume 25, Number 1pdf
Fourth Quarter - December 2009 Volume 24, Number 4pdf
Third Quarter - October 2009 Volume 24, Number 3pdf
Second Quarter - July 2009 Volume 24, Number 2pdf
First Quarter - April 2009 Volume 24, Number 1pdf
Fourth Quarter - January 2009 Volume 23, Number 4pdf
Third Quarter - October 2008 Volume 23, Number 3pdf
Second Quarter - July 2008 Volume 23, Number 2pdf
First Quarter - April 2008 Volume 23, Number 1pdf
Fourth Quarter - January 2008 Volume 22, Number 4pdf
Third Quarter - October 2007 Volume 22, Number 3pdf
Second Quarter - July 2007 Volume 22, Number 2pdf
First Quarter - April 2007 Volume 22, Number 1pdf
Fourth Quarter - January 2007 Volume 21, Number 4pdf
Third Quarter - October 2006 Volume 21, Number 3pdf
Second Quarter - July 2006 Volume 21, Number 2pdf
First Quarter - April 2006 Volume 21, Number 1pdf
Fourth Quarter - January 2006 Volume 20, Number 4pdf
Third Quarter - October 2005 Volume 20, Number 3pdf
Second Quarter - July 2005 Volume 20, Number 2pdf
First Quarter - April 2005 Volume 20, Number 1pdf
Fourth Quarter - January 2005 Volume 19, Number 4 pdf
Third Quarter - October 2004 Volume 19, Number 3 pdf
Second Quarter - July 2004 Volume 19, Number 2 pdf
First Quarter - April 2004 Volume 19, Number 1 pdf
Fourth Quarter- January 2004 Volume 18, Number 4 pdf
Third Quarter - October 2003 Volume 18, Number 3 pdf
Second Quarter - July 2003 Volume 18, Number 2 pdf
First Quarter - April 2003 Volume 18, Number 1 pdf

Annual Report
2008 - 2009 Annual Report and Outlook pdf
2007 - 2008 Annual Report and Outlook pdf
2006 - 2007 Annual Report and Outlook pdf
2005 - 2006 Annual Report and Outlook pdf
2004 - 2005 Annual Report and Outlook pdf
2003 - 2004 Annual Report and Outlook pdf
2002 - 2003 Annual Report and Outlook pdf