Corporate Real Estate
TIAA-CREF Spends $58M on Grocery-Anchored Connecticut Retail
TIAA-CREF picked up Kings Crossing Shopping Center in Fairfield, Conn., from previous owner HH East Parcel L.L.C., an entity led by Summit Development.
Guest Column: Bringing Security Design Home
Page Southerland Page principals James Wright and Thomas McCarthy discuss how modern embassy design elements can benefit today’s commercial buildings.
Notes from Davos: Taking a Global View
After spending time at the World Economic Forum at Davos, Jones Lang LaSalle’s CEO of the Americas, Peter Roberts, sees flexibility as a key for the commercial real estate industry.
Wells Core REIT Acquires 201 KSF Maryland Office Building
Wells Core Income REIT has acquired the Franklin Center, a 200,600-square-foot office building in the Baltimore submarket of Columbia, Md., from Principal Real Estate Investors.
Cassidy Turley Awarded 2.5 MSF Management Contract for Texas Office Properties
Building on its “longstanding relationship with J.P. Morgan,” services firm Cassidy Turley has just landed a contract to lease and manage 2.5 million square feet of office space at Dallas’ Fountain Place and Houston’s Post Oak Central.
Clarion Partners Buys Pair of Back Bay Office Buildings for $87.1M
On behalf of a separate-account client, real estate investment manager Clarion Partners has acquired two adjoining office buildings in Boston’s Back Bay for $87.1 million. The 13-story buildings total 184,000 square feet.
Kentucky’s Springhurst Towne Center Sells for $78M
In a sale arranged by real estate investment banking firm Savills, one of the firm’s institutional-investor clients picked up the Springhurst Towne Center, an 830,000-square-foot retail complex in Louisville, for $78 million.
Jamestown, Rockwood Spend $390M for NYC’s 530 Fifth Ave.
Near the close of yesterday’s markets, Jamestown Properties and Rockwood Capital announced the $390 million acquisition of 530 Fifth Ave. — also known as the Bank of New York Building — which is soon to undergo a $20 million renovation to bring the property to Class A standards.
Novaya Takes 147 KSF of Tech Office Space in Massachusetts
Novaya Real Estate Ventures, not yet one month old, has begun to build its portfolio with the acquisition of two office/R&D buildings featuring an aggregate 146,700 square feet in suburban Boston.
Omninet Capital Completes Purchase of 285 KSF L.A. Office Park
Omninet Capital has closed on the purchase of Commerce Office Park, a 285,368-square-foot institutional-quality office campus at South Eastern and East Slauson avenues in Commerce, Calif.