Brokerage
$160M FAA Regional HQs to Break Ground in Fort Worth
Trammell Crow Company along with its joint venture partner, USAA Real Estate Co., plans to break ground on a $160 million build-to-suit office project in Fort Worth’s Alliance Park.
Major Renovations Planned for 7900 Westpark Drive in Tysons Corner
Washington Real Estate Investment Trust has recently announced a major renovation plan for 7900 Westpark Drive, a Class A office complex in the hub of Tysons Corner, Virginia. It has also selected Jones Lang LaSalle to market the property.
Sourwine Real Estate to Deliver City’s First Speculative Office Project Since 2008
Sourwine Real Estate Services, a locally based three-generation real estate owner, developer and property management company, is about to complete the first speculative office building in the Indianapolis area since 2008.
Interest High in Baltimore Area Industrial Properties
Investors continue to exhibit confidence in the Greater Baltimore industrial market. The low unemployment, close proximity to Washington, DC and Philadelphia, and ease of access to the Port of Baltimore make the area very attractive to industrial users and investors.
Cushman & Wakefield | Thalhimer Brokers Office Condo Sale, Local Colliers Chapter Increases Management Portfolio
Cushman & Wakefield | Thalhimer announced the sale of a Charleston County office asset for $340,000.
New York-Based Co. Buys Hope Valley Square in Durham for $7.7M
An affiliate of DNA Partners of Cold Spring Harbor, N.Y. has acquired the 40,524-square-foot Hope Valley Square retail center in Durham.
Oil-Fueled Norwegian Fund Buys 2.4 MSF Industrial Portfolio in UK
LondonMetric Property Plc, a real estate investment trust, has recently completed the sale of its stake in a large distribution portfolio to a joint venture between U.S.-based Prologis’ European branch and Norges Bank Investment Management.
Erwin Square Plaza in Downtown Durham Changes Hands
In a $37.5 million deal, Federal Capital Partners of Maryland has acquired the 10-story Erwin Square Plaza office building in downtown Durham from National Asset Services, Inc. of Los Angeles. Ben Kilgore at CBRE represented the seller in the transaction.
8.4K SF Medical Office Center Nears Completion
A new medical complex is nearing completion on an 8,470-square-foot phase one. Mark Edwards, the leasing agent of the project and president of Edwards Commercial Realty, said the end date for it should be the end of June. Phase two consists of a development of about 7,300 square feet.