Brokerage
Random House Renews 361 KSF Office Lease in Manhattan
Hot on the heels of its 1.6 million-square-foot lease signing of Viacom to 1515 Broadway in Manhattan’s Midtown submarket, SL Green has inked a lease renewal for Random House Inc. to continue occupying 361,044 square feet at 1745 Broadway.
Vision Group Ventures Plans 1.9 MSF Distribution Center in Pennsylvania
Vision Group’s plan for the sprawling industrial center in Lebanon County, Penn., entails three Class A facilities totaling nearly 1.9 million square feet and Panattoni has purchased a 129-acre tract for a 1.5 MSF development.
Viacom’s New 1.6 MSF Office Lease Now Manhattan's Largest
SL Green, which has been extremely busy in the Times Square submarket of Manhattan during the past year, has just notched another record: The signing of what the firm calls Manhattan’s largest office lease, which keeps media giant Viacom in the 1515 Broadway building through 2031.
$600M Mixed-Use Development in Atlanta Suburb Gets Green Light
Avalon, a $600 million, 87-acre mixed-use project to be developed in Alpharetta, Ga., by North American Properties, passed its last regulatory hurdle Monday night when the Alpharetta City Council approved the development.
Taubman Announces Construction of $315M, 880 KSF Mall in Sarasota
Taubman Centers, in conjunction with Benderson Development, will begin construction on the 880,000-square-foot Mall at University Town Center in Sarasota. The retail complex, which will cost an estimated $315 million, will feature Saks Fifth Avenue, Macy’s and Dillard’s among its approximately 115 stores.
Clarion Buys 1600 Seventh Ave. Tower in $137M Sale-Leaseback
By Alex Girda, Associate Editor In a $137 million sale-leaseback deal, Clarion Partners L.L.C. has taken ownership of 1600 Seventh Ave., a 598,000-square-foot office tower in Downtown Seattle. CenturyLink, the telecommunications company formerly known as Qwest Communications, sold the property it has occupied for 36 years and will remain in 260,000 square feet of the tower. A team from […]
$480M Buy Nets CommonWealth Partners 872 KSF Seattle Office Building
CommonWealth Partners has purchased Seattle’s Russell Investments Center for $480 million. CBRE, which orchestrated the sale on behalf of Northwestern Mutual, described the trade of the 872,026-square-foot property as “the largest single-asset office sale in the Western United States since 2006.”
Real Estate Recycling Plans Green Office Project in Downtown Minneapolis
By Gabriel Circiog, Associate Editor Minneapolis developer Paul Hyde, a principal with Real Estate Recycling, plans to construct a two-story office building at 1016 Marquette Ave., the Minneapolis / St. Paul Business Journal reports. Real Estate Recycling acquired the existing 1931 single-story building from local developer Larry Abdo on April 2 for $825,000. The design […]
Cassidy Turley Named Leasing Agent for 1.1 MSF New Jersey Office Portfolio
Normandy Real Estate Partners has tapped Cassidy Turley to serve as the leasing agent for a 1.1 million-square-foot office portfolio in New Jersey, and in turn, Cassidy Turley has welcomed two of the real estate developer’s team members to the firm.
Economic Development Coup as Aurora Lands New Distribution Center
By Gabriel Circiog, Associate Editor Following a new 10-year agreement, Aurora has managed to land a new $45 million distribution center for United Natural Foods, which will ensure the addition of 75 new jobs and the retaining of 475 existing … Continue reading →