Cities
Chicago’s Recovery Promises Higher Rents
By Veronica Grecu, Associate Editor
Judging by the falling number of loan delinquencies, rising property values and increased rents for office buildings, Chicago’s commercial real estate shows signs of recovery from the credit crisis and recession. This will have a positive […]
CoStar Headquarters Commands $101M
In a sale-leaseback deal, an affiliate of GLL Real Estate Partners GmbH bought the 169,000-square-foot property just one year after CoStar acquired it from the Mortgage Bankers Association for $41 million.
Washington Office Building Commands $137M in Sale to Joint Venture
Carr Properties, the Canada Pension Plan Investment Board and MetLife bought the 341,433-square-foot asset from Tishman Speyer.
Boston Properties Wins 500,000-SF GSA Lease in Virginia
By Barbra Murray, Contributing Editor In the latest government lease to bolster the Northern Virginia office market, the General Services Administration has taken more than 500,000 square feet for the Defense Intelligence Agency (DIA) at a Patriots Park in Reston, Va. Under a 20-year deal with Boston Properties, the park’s owner, DIA will occupy about 520,000 square feet at Patriots Park, which is located about 20 miles west of Washington, D.C. “This will be a consolidation of DIA groups from various locations throughout Northern Virginia,” Leroy W. Battle, transaction manager with commercial real estate services firm CB Richard Ellis…
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