Business Specialties
Capital Idea: Northwestern Mutual Cinches $305M D.C. Office Deal
For the second time this week, a big institutional investor snaps up a prime office property in Washington, D.C.
In $180M Deal, TIAA-CREF Takes Washington’s Evening Star Building
TIAA-CREF closed Wednesday on the $180 million acquisition of Washington, D.C.’s venerable Evening Star building.
Pfizer’s 700,000-SF Space Floats General Dynamics’ Boat
General Dynamics’ fast-growing Electric Boat divison snapped up a 700,000-square-foot compound in New London, Conn., that Pfizer Inc. is departing.
JLL Nails Down 64,821 SF Lease in NYC for Piper Jaffray
Piper Jaffray will occupy the entire twelfth floor of the building as well as a portion of the eleventh floor, consolidating its operations from two separate Manhattan sites.
PriceWaterhouseCoopers: Investors Want High Quality Assets But Pickings are Slim
The money is out there, but it doesn’t have a lot of places to go.
New and Old Alliances Lead ProLogis to $225.5M in Financing for European Property Fund
In a frosty lending climate, friendships can make the difference.
NeoCon 2010: Overcoming Barriers to Green Building
All too often green building is impeded by finger-pointing and adversarial relationships between building owners and their tenants.
Vulcan Enters Phoenix Market Via $35M Acquisition
The eight-story, 260,000-square-foot Tempe Gateway building was completed in 2009 and developed by Opus West. It includes ground-floor retail space and a new parking structure with more than 1,000 spaces, as well as 30,000-square-foot floor plates for a range of tenants.
Duke to Take JV Partner’s Interest in 20.8M-SF Industrial Portfolio for $298M
Duke Realty Corp., acting through its operating partnership, Duke Realty L.P., is about to become the sole owner of Dugan Realty L.L.C., a joint venture between the Indianapolis, Ind.-based company and an institutional real estate investor.
Kaye Scholer Takes 42,000 SF in Century City
L.A. Realty Partners has negotiated a long-term lease renewal for international law firm Kaye Scholer L.L.P., which has signed a 10-year lease agreement for 42,000 square feet at Sun America Plaza in Century City, Calif.