News
ICSC Special Report: 2013 Outlook for Retail Real Estate Appears Promising, if Uneven
What will 2013 bring for the retail real estate market?
Property Group Partners Closes Air Rights Purchase for $1.3B M-U Project in DC
The largest contiguous undeveloped site in Washington, D.C., is now well on its way to being transformed into the 2.2 million-square-foot Capitol Crossing mixed-use destination.
Berkeley Center Trades Hands as Downtown May See Development Increase
The complex is made up of a number of buildings located in an area bordered by Shattuck Avenue, Aliston Way and Harold Way, the San Francisco Business Times reports. The former owner is Marin County businessman Roy Nee, who held the property through a private family trust.
Boeing Buys 178,000-Sq.-Ft. Charleston Office Campus
Aerospace giant Boeing Co. is making its mark on the city of Charleston
Dan Gilbert’s Investment Spree Continues with One Woodward Building
nother iconic downtown Detroit building changed hands this week. Much to no one’s surprise, local real estate tycoon Dan Gilbert and his partners completed the purchase of the historic One Woodward tower, located at the corner of Woodward and Jefferson avenues.
Related Cos.’ Hudson Yards Breaks Ground on 26-Acre Manhattan Site
After years in the planning stages, construction of New York City’s largest private development since Rockefeller Center finally got underway Tuesday as city officials joined leaders of Related Cos. and Oxford Properties Group at the groundbreaking of the 26-acre, mixed-use Hudson Yards project.
Highwoods Properties Acquires Landmark Office Building in Downtown Pittsburgh
In a $91.2 million deal, Highwoods Properties Inc. has purchased the 616,000-square-foot EQT Plaza skyscraper in downtown Pittsburgh. The transaction included the full acquisition of building owner Liberty Avenue Mezzanine LLC, a Delaware holding company. Highwoods Properties plans to invest another $8 million to improve the 32-story office building. Currently at 92.2 percent, the property’s occupancy rate will increase to 95.9 percent by the third quarter of 2013. Major tenants include EQT Corp., insurer AIG and law firms Cohen & Grigsby, McGuireWoods and Fox Rothschild.
Windstream to Build 21,000-Sq.-Ft. LEED Gold Data Center
By Eliza Theiss, Associate Editor Little Rock, Ark.-based Windstream Corp. has announced that Windstream Hosted Solutions will open a new data center in Nashville. Windstream Hosted Solutions is a provider of enterprise-class managed hosting solutions, boasting a nationwide network of data centers. The new facility will be an enterprise-class data center of 21,000 square feet, […]
Special Report: Top CEOs Discuss Post-Recession Investment Environment
The 2012 Global Real Estate Markets Conference hosted by the James A. Graaskamp Center for Real Estate (Wisconsin School of Business) featured a premier keynote panel with some of our industry’s top CEOs.
Macerich’s Tysons Tower Signs Intelsat to 188 KSF Lease
Macerich, owner and master-developer of McLean, Va.-based Tysons Corner Center, has signed satellite service provider Intelsat to a 15-year, 188,000-square-foot lease to serve as the future office tower’s anchor tenant.