FERC approves $2.8B sale of Duke Energy’s Midwest commercial plants

Duke Energy (NYSE:DUK) expects to close the $2.8 billion sale of its fleet of commercial power plants in the Midwest to Dynegy Inc. on April 2 after gaining approval of the sale by the Federal Energy Regulatory Commission on Friday.

FERC’s approval was the final step needed to let Duke and Dynegy go ahead with the deal, which was proposed in August.

Dynegy agreed to buy Duke’s 6.1 gigawatts worth of capacity in 11 plants in the Midwest and Pennsylvania. Dynegy, in a separate deal reached at…

Kinship increases Sunnyvale holdings in Peery Park

Kinship Capital, the real estate investment arm of Chicago’s Searle family, has been quietly building its portfolio in a Sunnyvale neighborhood ripe for future growth.

Over the last few months, an entity affiliated with Kinship has acquired three buildings totaling some 165,000 square feet of space. The transactions give the Kinship-affiliated entity 810 W. Maude Ave., 870 W. Maude Ave. and 470 Potrero Ave — a trio of buildings in an area where Apple has been making big plays of late.

If one…

Hawaii Gas reviewing proposals for $300M LNG project

Hawaii Gas has received proposals from companies to supply the state’s only gas utility with bulk shipments of liquefied natural gas for a project that could cost up to $300 million to develop, a spokesman for the Honolulu-based company told PBN Friday.

Hawaii Gas told PBN in February that it was about four weeks away from receiving bids from 30 of the world’s largest and most experienced natural gas companies.

Those bids are now being reviewed by the gas utility.

Joe Boivin, senior vice president…

$273M: 'Twin Toaster' towers sale is biggest of 2015 so far

The Metropolitan Park East and West office buildings in downtown Seattle have sold for just over $272.8 million, according to public records.

That’s 30 percent more than what the office campus – known locally as the “Twin Toasters” for their shiny exteriors and boxy shapes – sold for less than three years ago. The price is the highest paid for a real estate asset so far this year in King County.

Documents that King County recorded on Friday show that CBRE Global Investors of Los Angeles bought…

DeVry University leases in Edenvale

Equinix’s big land acquisition this week isn’t the only recent real estate activity in Edenvale.

DeVry Education Group Inc. recently leased 48,802 square feet at 5883 Rue Ferrari, a building in the Edenvale Business Park.

The company, which operates the Carrington College network of for-profit private colleges, was already in the neighborhood at 6201 San Ignacio. The new lease is not a major size increase, but allows the school to have newer, updated facilities and more parking, said Patty Steele,…