Corporate Real Estate
DivcoWest Grabs 170 KSF Class A Building in San Francisco
DivcoWest continues its office property-shopping spree, picking up the 170,200-square-foot building at 701 Gateway Blvd. in South San Francisco. The real estate investment and management firm purchased the Class A property from Broadway Partners.
ULI: Industry to See Improvements Through 2014, Bolstered by Cap Markets
“Is distress in the real estate markets behind us?” was the main question on the minds of the respondents to the latest survey by the Urban Land Institute — and the consensus seemed to be a cautious “yes.”
1.2 MSF Northmeadow Business Park in Atlanta for Sale
Five years after picking up Northmeadow Business Park in Atlanta for $93.5 million, an affiliate of BPG Properties Ltd. has put a for-sale sign on the 1.2 million-square-foot business park.
BGC Completes Grubb Acquisition
In a saga that began nearly a month ago, BGC Partners is about to complete its purchase of Grubb & Ellis Co. after receiving approval from the U.S. Bankruptcy Court.
Wheeler to Run JLL's Lower Manhattan Office
Jones Lang LaSalle Inc. sees big prospects blossoming in Lower Manhattan, and the commercial real estate services firm has just assigned managing director John Wheeler, a longtime JLL employee with nearly three decades of experience, the task of spearheading the office’s increasing penetration of the submarket.
GrubHub Signs 60 KSF Chicago Office Lease
Looking to expand its space along with its increasing success, GrubHub has signed a lease for nearly 59,500 square feet of office space at Burnham Center, Harbor Group International’s historic 580,000-square-foot high-rise in downtown Chicago’s Central Loop submarket.
Madison Spends $123M for 57 Percent Share in Iconic Frankfurt Office Complex
Madison International Realty of New York, together with its German subsidiary Madison Real Estate, has signed a purchase agreement for Morgan Stanley P2 Value’s 56.95 percent interest in the Trianon complex in Frankfurt — for a reported $123 million.
Verus Partners Breaks Ground on 138 KSF Indiana Industrial Facility
On the heels of industrial development nationwide, Verus Partners is breaking ground on a 137,500-square-foot new manufacturing-and-distribution facility for Helmer Inc. that will be located across 10 acres in Noblesville, Ind.
Wells Core REIT Purchases 10-Story, 268 KSF Office Building in D.C. Submarket
Wells Core Office Income REIT of Norcross, Ga., has acquired a 10-story Class A office property in Herndon, Va., near Dulles International Airport outside Washington, D.C.
HFF Founders, Top Execs Join CBRE
CBRE made four huge personnel pickups: Harold Holliday, John Fenoglio, David Aaronson and James Richards will join the firm as executive vice presidents. All four will be based in the Houston office and will work on debt and equity-financing deals for clients in the region.