Business Specialties
Jackson Walker Leases 104 KSF at KPMG Plaza in Dallas Arts District
CBRE has been keeping busy this week in Dallas, announcing its role in the completion of a 104,064-square-foot lease on behalf of Jackson Walker in the future Hall Arts office building, in the heart of the Dallas Arts District; and in a separate deal, it arranged the sale of 100 East Royal, a Class A office asset in Irving.
Kilroy Buys 220 KSF Office Campus in San Diego Suburb for $126M
The Heights at Del Mar, a 219,000-square-foot office and life science campus in the coveted Del Mar Heights submarket of San Diego, is now part of Kilroy Realty Corp.’s portfolio. The REIT acquired the premier two-building, 15-acre asset from Prudential for $126 million.
V&A Waterfront Gives South Africa’s Oldest Port a ‘Green’ Facelift
The rejuvenation of Cape Town’s Victoria and Alfred Waterfront, South Africa’s oldest working port reached a poignant milestone with the completion of the project’s first phase, the No.1 Silo.
W.P. Carey Buys Government-Occupied Office Asset in Manchester
W.P. Carey has bought an office asset in the third largest city in the U.K. from the Department of State for Communities and Local Government for $62 million.
HFF Arranges $99M Financing for M-U development in DC
Washington, D.C.’s U Street/North Shaw submarket will see a former plumbing supply company transformed into a 375-unit, Class A, mixed-use development aimed at young professionals.
Cypress Equities Buys 350 KSF Alabama Power Center
Cypress Equities, acting through a fund managed by its real estate investment management group, adds a third Alabama retail property to its portfolio with the acquisition of Promenade Tannehill, an approximately 350,000-square-foot regional power center in the suburban Birmingham town of Bessemer.
Leighton Develops 4th Office Tower at Kings Square in Perth, Australia
Leighton Properties has recently broken ground on its fourth office tower at the Kings Square precinct, a key component of the state government’s multibillion-dollar Perth City Link TOD.
Brookfield Sells 620 KSF Suburban Dallas Office Campus to GI
The one-year office flip is not as common as it was before the real estate market downturn but it still happens, and Brookfield Asset Management’s Brookfield Real Estate Opportunity Fund II recently completed just such an endeavor with the disposition of Regent Commons in Irving, Texas.
Tucker Secures $218M in Financing for Phase I of 1 MSF M-U Development in Fort Lee, NJ
A JV of Tucker Development, Ares Management and Kushner Real Estate has secured $218 million in financing for the initial phase of Hudson Lights, a 1 million-square-foot mixed-use redevelopment of an eight-acre site located at the base of the entrance to the George Washington Bridge in the heart of downtown Fort Lee, N.J.