Business Specialties
Avaya Signs 275 KSF Lease for Santa Clara Office
Harvest Properties and Prudential Real Estate Investors have snagged a tenant for nearly half of the Towers at Great America in Santa Clara, Calif., as Avaya, a global business-communications firm, has signed a lease for 275,200 square feet.
Amid Changes, Furloughs at Grubb, Healthcare REIT Picks up $112M Portfolio
Amid the process of furloughing a small percentage of its workforce, Grubb & Ellis is still seeing one of its vehicles — Grubb & Ellis Healthcare REIT II — purchase an eight-property medical-office portfolio for $112 million.
Private Players to Fund $1B Solar-Energy Initiative for Military Housing
SolarCity and Bank of America Merrill Lynch have agreed on financing terms for SolarStrong, SolarCity’s plan to build more than $1 billion in solar power projects for privatized U.S. military housing communities across the country over the next five years.
Economy Watch: Central-Bank Action Cheers Investors
The major-league central banks of the world cut the price of borrowing dollars to forestall a liquidity crisis. The Beige Book found a few spots of growth in an otherwise tepid economy. And ADP said the U.S. economy added 206,000 jobs in November.
Emerging Trends 2011: A Year of Less
Emerging Trends crafters Jonathan Miller and Stephen Blank discuss this year’s findings with CPE TV during the ULI Fall Meeting. Click on the following headlines for more on the Emerging Trends results: ULI Special Report: Opportunities and Emerging Trends Washington is Top Investor Choice Again as Tough 2012 Looms: PwC/ULI Survey
A $76M Sale, a Possible Revival for D.C.’s Watergate
Penzance has just purchased its own slice of American history for the price of $76 million, picking up one of the two office towers in the iconic Washington, D.C.-based Watergate complex.
Hartz Mountain Purchases Jersey City’s 99 Hudson Site for $35M
Hartz Mountain Industries has snapped up the one-acre parcel at 99 Hudson in Jersey City in a transaction valued at $35 million.
Impactful Women
Five remarkable women were awarded CREW Network’s 2011 Impact Awards. CPE offers videotaped insights and written profiles of these pioneers, negotiators and mediators — specializing in development, service and finance.
JLL to Lease 1.1 MSF Office at 11 Times Square
SJP Properties, owner and developer of the year-old 11 Times Square in Manhattan, has tapped Jones Lang LaSalle to serve as the exclusive leasing agent for the 1.1 million-square-foot office tower.
Skanska JV Wins $522M Phase-One Construction Contract for New Orleans Hospital
Skanska USA and joint-venture partner MAPP Construction have secured the assignment to build phase one of the new University Medical Center in New Orleans. The $522 million contract is split 90-10, making Skanska’s share of the project $470 million.