Corporate Real Estate
Cushman Names New CEO of EMEA
A year after being named chairman of the board of Cushman & Wakefield Inc., Carlo Barel di Sant’Albano is gearing up to take on another challenge for the world’s largest privately held commercial real estate services firm as he becomes CEO of the firm’s operations in Europe, the Middle East and Africa.
Minshall Stewart Spends $62M on 10-Story D.C. Office Building
Five years after trading for $66 million, the Class A office building at 2001 L St., N.W., in Washington, D.C., has sold for nearly $62 million to Minshall Stewart Properties.
Goodrich Inks 105 KSF Office Lease in California
Aerospace company Goodrich Corp. has signed a 104,662-square-foot lease at the Brea Imperial Center in Brea, Calif., bringing the facility to 100 percent occupancy.
Transwestern Goes Global, Partners with BNP Paribas
With the strategic alliance of Houston-based Transwestern and Paris-based BNP Paribas Real Estate, the two firms have positioned themselves to focus on occupier clients and enhanced services to the firms’ customers in Europe, the Middle East, Africa, India and the United States.
Pru Delays $444M Newark Tower
The near-term fate of Prudential Financial’s proposed $444 million, 650,000-square-foot office-tower development in downtown Newark rests with the New Jersey Economic Development Authority and the Appellate Division of New Jersey’s Superior Court.
$127M Loan on Cleveland Office Latest Refi Success Story
The $127 million refinance of Harbor Group International’s 200 Public Square office tower in downtown Cleveland is both one of the larger recent CRE refis and an example of the current refi trend.
Research Firm CNA Inks 173 KSF Lease in Arlington
Construction has not yet commenced on the 200,000-square-foot office building at 3001 Washington Blvd. in Arlington, Va., but it’s already near maximum occupancy, courtesy of a 173,000-square-foot commitment from CNA.
Granite Properties Buys Denver Tower, Dallas Plaza
Granite Properties has made two major office purchases in the last few days: Plaza Tower One in Denver and Cedar Maple Plaza in Dallas.
Colliers Lands 1 MSF Office-Leasing Contract in Cincinnati
Colliers International has picked up a sizable management contract, as the firm was named the leasing broker for the 1 million-square-foot Queen City Square in Cincinnati’s Downtown.
Healthcare Trust of America Spends $54M on 558 KSF Pittsburgh Office Building
The 558,000-square-foot Penn Avenue Place office tower in Pittsburgh, Pa., has just become a part of Healthcare Trust of America Inc.’s portfolio. The company acquired the asset from an affiliate of Oxford Development Co. in a $54 million transaction.